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The Karese Foundation is a private corporation based in COLBERT, WA. The foundation received its IRS ruling in 2016. The principal officer is Foster H Chase Jr. It holds total assets of $329K. Annual income is reported at $253K. Total assets have decreased from $2M in 2015 to $329K in 2023. 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 2016 to 2023. The foundation primarily funds organizations in Washington and Massachusetts. According to available records, The Karese Foundation has made 7 grants totaling $304K, with a median grant of $25K. Annual giving has grown from $75K in 2020 to $100K in 2023. Grantmaking activity was highest in 2021 with $129K distributed across 3 grants. Individual grants have ranged from $4K to $100K, with an average award of $43K. The foundation has supported 5 unique organizations. Grants have been distributed to organizations in Washington and Massachusetts and Maryland. Contributions to this foundation are tax-deductible.
Smallest Grant
$4K
Median Grant
$25K
Average Grant
$43K
Largest Grant
$100K
Based on 3 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.
The Karese Foundation primarily funds organizations in the area of philanthropy & grantmaking. Based on available records, the foundation has funded 7 grants. Its grantmaking reaches organizations primarily in WA, MA, MD.
The Karese Foundation has distributed a total of $304K across 7 grants. The median grant size is $25K, with an average of $43K. Individual grants have ranged from $4K to $100K.
The Karese Foundation typically selects its grantees rather than accepting unsolicited proposals.
The Karese Foundation is headquartered in COLBERT, WA. While based in WA, the foundation distributes grants to organizations across 3 states.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Brenda Jo Chase | Treasurer | $0 | $0 | N/A |
| Foster H Chase Jr | President | $0 | $0 | N/A |
Total Giving
$105K
Total Assets
$329K
Fair Market Value
$354K
Net Worth
$329K
Grants Paid
$100K
Contributions
N/A
Net Investment Income
$7K
Distribution Amount
$23K
Total: $322K
Total Grants
7
Total Giving
$304K
Average Grant
$43K
Median Grant
$25K
Unique Recipients
5
Most Common Grant
$25K
of 2023 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Northwest Christian SchoolsTEACHER SALARY INCREASE | Colbert, WA | $80K | 2023 |
| Gordon CollegeUNRESTRICTED OPERATIONAL FUNDING | Wenham, MA | $20K | 2023 |
| College Success FoundationUNRESTRICTED OPERATIONAL FUNDING | Spokane, WA | $25K | 2021 |
| New Creation FellowshipUNRESTRICTED OPERATIONS FUNDING | Spokane, WA | $4K | 2021 |
| World ReliefUNRESTRICTED OPERATIONAL FUNDING | Baltimore, MD | $25K | 2020 |