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Karma Foundation is a private trust based in PRINCETON, NJ. The foundation received its IRS ruling in 1997. The principal officer is Dina Elkins. It holds total assets of $5M. Annual income is reported at $1.6M. Total assets have decreased from $7.1M in 2011 to $5M in 2024. The foundation is governed by 3 officers and trustees. Established in 1996 to provide grants in support of organizations engaged in activities and programs in the areas of Arts & Culture, Autism, Education & Literacy, Health & Human Services and Development & Enrichment of Jewish Life. According to its most recent filing, the foundation only makes contributions to preselected charitable organizations. Tax records are available from 2015 to 2024. The foundation primarily funds organizations in New Jersey (Middlesex, Union, Mercer Counties), National and International. According to available records, Karma Foundation has made 40 grants totaling $471K, with a median grant of $5K. Annual giving has grown from $202K in 2022 to $270K in 2023. Individual grants have ranged from $250 to $70K, with an average award of $12K. The foundation has supported 35 unique organizations. The foundation primarily supports organizations in New Jersey, New York, Utah, which account for 75% of all grants. Grantmaking reaches organizations across 10 states. Contributions to this foundation are tax-deductible.
No program descriptions are available for this foundation. Many private foundations report program activities in their annual 990-PF filings — check the Tax Filings section below for the most recent filing.
Established in 1996 to provide grants in support of organizations engaged in activities and programs in the areas of Arts & Culture, Autism, Education & Literacy, Health & Human Services and Development & Enrichment of Jewish Life. Based on available records, the foundation has funded 40 grants. Its grantmaking reaches organizations primarily in NJ, NY, UT.
Karma Foundation has distributed a total of $471K across 40 grants. The median grant size is $5K, with an average of $12K. Individual grants have ranged from $250 to $70K.
Karma Foundation typically selects its grantees rather than accepting unsolicited proposals. The application deadline is Rolling. Must be 501(c)(3) nonprofit. NJ grants restricted to Middlesex, Union, and Mercer Counties (organizations with statewide scope may be considered). Many worthy requests are declined due to limited resources. An application form is available on the foundation's website.
Karma Foundation is headquartered in PRINCETON, NJ. While based in NJ, the foundation distributes grants to organizations across 10 states.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Dina K Elkins | EXECUTIVE DIRECTOR | $120K | $0 | $120K |
| Sharon Karmazin | PRESIDENT | $0 | $0 | N/A |
| Craig Karmazin | TRUSTEE | $0 | $0 | N/A |
Total Giving
N/A
Total Assets
$5M
Fair Market Value
N/A
Net Worth
$5M
Grants Paid
N/A
Contributions
N/A
Net Investment Income
N/A
Distribution Amount
N/A
Total Grants
40
Total Giving
$471K
Average Grant
$12K
Median Grant
$5K
Unique Recipients
35
Most Common Grant
$10K
of 2023 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| American Cancer SocietyGENERAL SUPPORT | Hagerstown, MD | $5K | 2022 |
| George Street PlayhouseGENERAL SUPPORT | New Brunswick, NJ | $65K | 2023 |
| Bildner Center - Rutgers UniversityGENERAL SUPPORT | New Brunswick, NJ | $34K | 2023 |
| Wbevwxro Children'S RadiothonGENERAL SUPPORT | Milwaukee, WI | $30K | 2023 |
| Children'S Specialized HospitalGENERAL SUPPORT | New Brunswick, NJ | $20K | 2023 |
| Center For Creative ChangeGENERAL SUPPORT | Washington, DC | $15K | 2023 |
| Center For Independent DocumentaryGENERAL SUPPORT | Newton, MA | $15K | 2023 |
| Congregation SinaiGENERAL SUPPORT | Jersey City, NJ | $10K | 2023 |
| Women In Film & Video DcGENERAL SUPPORT | Washington, DC | $10K | 2023 |
| MatanGENERAL SUPPORT | White Plains, NY | $10K | 2023 |
| Jewish Family Service Of Central New JerseyGENERAL SUPPORT | Elizabeth, NJ | $10K | 2023 |
| Full Of Grace FoundationGENERAL SUPPORT | El Dorado Hills, CA | $10K | 2023 |
| Entertainment Community FundGENERAL SUPPORT | New York, NY | $8K | 2023 |
| Next For AutismGENERAL SUPPORT | New York, NY | $5K | 2023 |
| Wheaton Arts And Cultural CenterGENERAL SUPPORT | Millville, NJ | $5K | 2023 |
| The National Center For Jewish FilmGENERAL SUPPORT | Waltham, MA | $5K | 2023 |
| Lincoln Center TheaterGENERAL SUPPORT | New York, NY | $5K | 2023 |
| Southern Ocean County Medical CenterGENERAL SUPPORT | Manahawkin, NJ | $3K | 2023 |
| Ars Nova TheaterGENERAL SUPPORT | New York, NY | $3K | 2023 |
| Ridgefield Park Public LibraryGENERAL SUPPORT | Ridgefield Park, NJ | $3K | 2023 |
| Paper Mill PlayhouseGENERAL SUPPORT | Millburn, NJ | $2K | 2023 |
| Nj Coalition To End HomelessnessGENERAL SUPPORT | Princeton, NJ | $1K | 2023 |
| American Friends Of LibiGENERAL SUPPORT | Brighton, MA | $1K | 2023 |
| Montgomery County Community FoundationGENERAL SUPPORT | Woodlands, TX | $500 | 2023 |
| Broadway Caresequity FightsaidsGENERAL SUPPORT | New York, NY | $375 | 2023 |
| Anshe Emeth Memorial TempleGENERAL SUPPORT | New Brunswick, NJ | $250 | 2023 |
| Children'S RadiothonGENERAL SUPPORT | Salt Lake City, UT | $32K | 2022 |
| HomefrontGENERAL SUPPORT | Lawrenceville, NJ | $15K | 2022 |
| Rutgers HillelGENERAL SUPPORT | New Brunswick, NJ | $9K | 2022 |
| The Actors FundGENERAL SUPPORT | New York, NY | $5K | 2022 |
| Atlantic Theatre CompanyGENERAL SUPPORT | New York, NY | $3K | 2022 |
| Manhattan TheatreGENERAL SUPPORT | New York, NY | $3K | 2022 |
| National Liberty MuseumGENERAL SUPPORT | Philadelphia, PA | $3K | 2022 |
| Hackensack Meridian Health FoundationGENERAL SUPPORT | Edison, NJ | $1K | 2022 |
| Mayor Cohen'S Charity FundGENERAL SUPPORT | East Brunswick, NJ | $1K | 2022 |