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Karp Family Foundation is a private corporation based in PITTSBURGH, PA. The foundation received its IRS ruling in 2018. The principal officer is Kenneth E Spruill. It holds total assets of N/A. Annual income is reported at $294K. Total assets have decreased from $200K in 2019 to $41K in 2023. The foundation is governed by 4 officers and trustees. The foundation operates in the area of philanthropy & grantmaking. According to its most recent filing, the foundation only makes contributions to preselected charitable organizations. Tax records are available from 2018 to 2023. Grantmaking is concentrated in Pennsylvania. According to available records, Karp Family Foundation has made 100 grants totaling $1.5M, with a median grant of $10K. Annual giving has decreased from $436K in 2020 to $316K in 2023. Individual grants have ranged from $2K to $67K, with an average award of $15K. The foundation has supported 23 unique organizations. The foundation primarily supports organizations in Pennsylvania, District of Columbia, Maryland, which account for 85% of all grants. Grantmaking reaches organizations across 5 states. Contributions to this foundation are tax-deductible.
Smallest Grant
$4K
Median Grant
$10K
Average Grant
$21K
Largest Grant
$67K
Based on 21 grants from the most recent 990-PF filing.
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.
Karp Family Foundation primarily funds organizations in the area of philanthropy & grantmaking. Based on available records, the foundation has funded 100 grants. Its grantmaking reaches organizations primarily in PA, DC, MD.
Karp Family Foundation has distributed a total of $1.5M across 100 grants. The median grant size is $10K, with an average of $15K. Individual grants have ranged from $2K to $67K.
Karp Family Foundation typically selects its grantees rather than accepting unsolicited proposals.
Karp Family Foundation is headquartered in PITTSBURGH, PA. While based in PA, the foundation distributes grants to organizations across 5 states.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Simone F Karp | PRESIDENT, SECRETARY, TREA | $0 | $0 | N/A |
| Emily Perlow | VICE PRESIDENT | $0 | $0 | N/A |
| Marissa Karp | VICE PRESIDENT | $0 | $0 | N/A |
| Adam Perlow | VICE PRESIDENT | $0 | $0 | N/A |
Total Giving
$328K
Total Assets
$41K
Fair Market Value
$41K
Net Worth
$41K
Grants Paid
$316K
Contributions
$317K
Net Investment Income
$238K
Distribution Amount
$627
Total Grants
100
Total Giving
$1.5M
Average Grant
$15K
Median Grant
$10K
Unique Recipients
23
Most Common Grant
$10K
of 2023 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Children'S National Medical CenterSEPAX MACHINE | Washington, DC | $45K | 2023 |
| Friends Of Israel Defense ForceGENERAL OPERATING SUPPORT/ ADOPT A BATTALION | Boynton Beach, FL | $35K | 2023 |
| Jewish Federation Of Greater PittsburghGENERAL OPERATING SUPPORT | Pittsburgh, PA | $30K | 2023 |
| Heart Healers InternationalGENERAL OPERATING SUPPORT | Potomac, MD | $15K | 2023 |
| American Friends Of The MdaGENERAL OPERATING SUPPORT | Palm Beach Gardens, FL | $10K | 2023 |
| Chabad Lubavitch Of The South Hills IncGENERAL OPERATING SUPPORT | Pittsburgh, PA | $10K | 2023 |
| Institute For Exceptional CareGENERAL OPERATING SUPPORT | Washington, DC | $10K | 2023 |
| Friendship Circle Of PittsburghGENERAL OPERATING SUPPORT | Pittsburgh, PA | $5K | 2023 |
| The Friendship Circle Of Pittsburgh IncGENERAL OPERATING SUPPORT | Pittsburgh, PA | $5K | 2023 |
| Alzheimers AssocGENERAL OPERATING SUPPORT | Boca Raton, FL | $2K | 2023 |
| Children'S National Hospital FoundationCRI RESEARCH FUND | Silver Spring, MD | $45K | 2022 |
| Starability Foundation IncGENERAL OPERATING SUPPORT | Naples, FL | $10K | 2022 |
WEST CONSHOHOCKEN, PA
LIGONIER, PA
PITTSBURGH, PA