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Karve Charitable Foundation Inc. is a private corporation based in OCALA, FL. The foundation received its IRS ruling in 1988. It holds total assets of $221K. Annual income is reported at $30K. The foundation is governed by 1 officer or trustee. According to its most recent filing, the foundation only makes contributions to preselected charitable organizations. Tax records are available from 2020 to 2023. Grantmaking is concentrated in Florida. According to available records, Karve Charitable Foundation Inc. has made 15 grants totaling $75K, with a median grant of $5K. Annual giving has decreased from $32K in 2021 to $25K in 2023. Individual grants have ranged from $100 to $18K, with an average award of $5K. The foundation has supported 9 unique organizations. Grants have been distributed to organizations in Florida and District of Columbia. Contributions to this foundation are tax-deductible.
Smallest Grant
$250
Median Grant
$1K
Average Grant
$3K
Largest Grant
$15K
Based on 8 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.
Karve Charitable Foundation Inc. is a private foundation that provides grants to eligible organizations. Based on available records, the foundation has funded 15 grants. Its grantmaking reaches organizations primarily in FL, DC.
Karve Charitable Foundation Inc. has distributed a total of $75K across 15 grants. The median grant size is $5K, with an average of $5K. Individual grants have ranged from $100 to $18K.
Karve Charitable Foundation Inc. typically selects its grantees rather than accepting unsolicited proposals.
Karve Charitable Foundation Inc. is headquartered in OCALA, FL. While based in FL, the foundation distributes grants to organizations across 2 states.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Nandkumar Karve | President | $0 | $0 | N/A |
Total Giving
$26K
Total Assets
$236K
Fair Market Value
$222K
Net Worth
$236K
Grants Paid
$25K
Contributions
N/A
Net Investment Income
$16K
Distribution Amount
N/A
Total Grants
15
Total Giving
$75K
Average Grant
$5K
Median Grant
$5K
Unique Recipients
9
Most Common Grant
$1K
of 2023 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| The Cornerstone SchoolEducation | Ocala, FL | $18K | 2023 |
| Ekalvidyalaysservices | Ocala, FL | $5K | 2023 |
| Ocala Shrine ClubSocial | Ocala, FL | $1K | 2023 |
| World KitchenPoor | Washington, DC | $500 | 2023 |
| Habitat For HumanityPoor | Ocala, FL | $100 | 2023 |
| Cornerstome SchoolEDUCATION | Ocala, FL | $12K | 2022 |
| St Jude HospitalHEALTH | Ocala, FL | $500 | 2022 |
| MiscSOCIAL | Ocala, FL | $6K | 2021 |
| Rodeheaver Boys RanchSOCIAL | Ocala, FL | $5K | 2021 |