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Also known as: JILL E KARP TRUSTEES
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Karp Family Foundation is a private trust based in BOSTON, MA. The foundation received its IRS ruling in 1995. The principal officer is Ned. It holds total assets of $918K. Annual income is reported at $3.6M. Total assets have decreased from $3.3M in 2011 to $852K in 2022. The foundation is governed by 2 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 2021 to 2023. Grantmaking is concentrated in Massachusetts. According to available records, Karp Family Foundation has made 58 grants totaling $5M, with a median grant of $25K. Annual giving has grown from $2M in 2021 to $3M in 2022. Individual grants have ranged from $1K to $725K, with an average award of $86K. The foundation has supported 34 unique organizations. Grants have been distributed to organizations in Massachusetts and New York and Florida. Contributions to this foundation are tax-deductible.
Smallest Grant
$3K
Median Grant
$25K
Average Grant
$107K
Largest Grant
$725K
Based on 14 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 58 grants. Its grantmaking reaches organizations primarily in MA, NY, FL.
Karp Family Foundation has distributed a total of $5M across 58 grants. The median grant size is $25K, with an average of $86K. Individual grants have ranged from $1K to $725K.
Karp Family Foundation typically selects its grantees rather than accepting unsolicited proposals.
Karp Family Foundation is headquartered in BOSTON, MA. While based in MA, the foundation distributes grants to organizations across 3 states.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Stephen R Karp | TRUSTEE | $0 | $0 | N/A |
| Jill E Karp | TRUSTEE | $0 | $0 | N/A |
Total Giving
$4.5M
Total Assets
$852K
Fair Market Value
$852K
Net Worth
$832K
Grants Paid
$4.4M
Contributions
$1.6M
Net Investment Income
$3.1M
Distribution Amount
$44K
Total Grants
58
Total Giving
$5M
Average Grant
$86K
Median Grant
$25K
Unique Recipients
34
Most Common Grant
$25K
of 2022 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Boston Youth SanctuaryCHARITABLE CONTRIBUTION | Dorchester Center, MA | $725K | 2022 |
| Facing History & OurselvesCHARITABLE CONTRIBUTION | Brookline, MA | $500K | 2022 |
| Union CollegeCHARITABLE CONTRIBUTION | Schenectady, NY | $50K | 2022 |
| The Joey FundCHARITABLE CONTRIBUTION | Natick, MA | $50K | 2022 |
| Theatre Workshop Of Nantucket IncCHARITABLE CONTRIBUTION | Nantucket, MA | $35K | 2022 |
| The Vilna ShulCHARITABLE CONTRIBUTION | Boston, MA | $25K | 2022 |
| Lesley UniversityCHARITABLE CONTRIBUTION | Cambridge, MA | $25K | 2022 |
| Perkins School For The BlindCHARITABLE CONTRIBUTION | Watertown, MA | $25K | 2022 |
| Boston Medical CenterCHARITABLE CONTRIBUTION | Boston, MA | $25K | 2022 |
| Museum Of Fine ArtsCHARITABLE CONTRIBUTION | Boston, MA | $12K | 2022 |
| Childrens Trust IncCHARITABLE CONTRIBUTION | Boston, MA | $10K | 2022 |
| Lovin' Spoonfuls IncCHARITABLE CONTRIBUTION | Newton, MA | $10K | 2022 |
| Nantucket Public SchoolCHARITABLE CONTRIBUTION | Nantucket, MA | $5K | 2022 |
| Combined Jewish PhilanthropiesCHARITABLE CONTRIBUTION | Boston, MA | $3K | 2022 |
| Lahey ClinicCHARITABLE CONTRIBUTION | Burlington, MA | $100K | 2021 |
| Belmont Hill SchoolCHARITABLE CONTRIBUTION | Belmont, MA | $50K | 2021 |
| Mt Auburn HospitalCHARITABLE CONTRIBUTION | Cambridge, MA | $25K | 2021 |
| Nantucket Film Foundation IncCHARITABLE CONTRIBUTION | New York, NY | $25K | 2021 |
| Boston Charitable Trust FundCHARITABLE CONTRIBUTION | Boston, MA | $25K | 2021 |
| Pine Street InnCHARITABLE CONTRIBUTION | Boston, MA | $20K | 2021 |
| Newton Wellesley HospitalCHARITABLE CONTRIBUTION | Newton, MA | $13K | 2021 |
| Boston Children'S HospitalCHARITABLE CONTRIBUTION | Boston, MA | $10K | 2021 |
| Nantucket Lighthouse SchoolCHARITABLE CONTRIBUTION | Nantucket, MA | $10K | 2021 |
| Catholic Schools FoundationCHARITABLE CONTRIBUTION | Boston, MA | $10K | 2021 |
| New England Baptist HospitalCHARITABLE CONTRIBUTION | Boston, MA | $10K | 2021 |
| Mass College Of Art And DesignCHARITABLE CONTRIBUTION | Boston, MA | $10K | 2021 |