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The Karnell Foundation Inc. is a private corporation based in PHOENIX, AZ. The foundation received its IRS ruling in 2007. The principal officer is Jerrold B Karnell. It holds total assets of $4.8M. Annual income is reported at $3.2M. Total assets have grown from $202K in 2011 to $4.5M 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. Grantmaking is concentrated in Arizona. According to available records, The Karnell Foundation Inc. has made 67 grants totaling $581K, with a median grant of $5K. Annual giving has grown from $137K in 2020 to $205K in 2023. Grantmaking activity was highest in 2022 with $240K distributed across 22 grants. Individual grants have ranged from $250 to $63K, with an average award of $9K. The foundation has supported 40 unique organizations. The foundation primarily supports organizations in Arizona, Missouri, New York, which account for 72% of all grants. Grantmaking reaches organizations across 11 states. Contributions to this foundation are tax-deductible.
Smallest Grant
$1K
Median Grant
$8K
Average Grant
$9K
Largest Grant
$25K
Based on 16 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 Karnell Foundation Inc. primarily funds organizations in the area of philanthropy & grantmaking. Based on available records, the foundation has funded 67 grants. Its grantmaking reaches organizations primarily in AZ, MO, NY.
The Karnell Foundation Inc. has distributed a total of $581K across 67 grants. The median grant size is $5K, with an average of $9K. Individual grants have ranged from $250 to $63K.
The Karnell Foundation Inc. typically selects its grantees rather than accepting unsolicited proposals.
The Karnell Foundation Inc. is headquartered in PHOENIX, AZ. While based in AZ, the foundation distributes grants to organizations across 11 states.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Jean M Karnell | Trustee | $0 | $0 | N/A |
| Jerrold B Karnell | Trustee | $0 | $0 | N/A |
Total Giving
$205K
Total Assets
$4.5M
Fair Market Value
$2.9M
Net Worth
$4.5M
Grants Paid
$205K
Contributions
$2K
Net Investment Income
$26K
Distribution Amount
N/A
Total Grants
67
Total Giving
$581K
Average Grant
$9K
Median Grant
$5K
Unique Recipients
40
Most Common Grant
$5K
of 2023 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Mission Of MercyGENERAL FUND | Fairfield, PA | $10K | 2023 |
| Global OutreachGENERAL FUND | University Park, FL | $10K | 2023 |
| Aloha FoundationGENERAL FUND ASSISTANCE | Fairlee, VT | $5K | 2023 |
| Djmi-Arizona IncLAND PURCHASE FUND | Goodyear, AZ | $35K | 2023 |
| St Vincent DepaulASSISTANCE WITH THE HOMELESS AND NEEDY | St Louis, MO | $30K | 2023 |
| Jewish National FundGENERAL FUND CONTRIBUTION FOR THE PRESERVATION OF THE PEOPLE OF ISRAEL | New York, NY | $20K | 2023 |
| Center For Jewish PhilandthropyGENERAL FUND ASSISTANCE | Scottsdale, AZ | $12K | 2023 |
| St Marys Food Bank AllianceGENERAL ASSISTANCE | Phoenix, AZ | $10K | 2023 |
| Flagstaff Family CenterFEEDING THE NEEDY | Flagstaff, AZ | $10K | 2023 |
| Congregation Beth IsraelGENERAL FUND | Scottsdale, AZ | $6K | 2023 |
| Sunshine Rescue MissionPROVIDING MEALS AND SHELTER FOR THE POOR | Flagstaff, AZ | $5K | 2023 |
| Thomas Moore SocietyGENERAL ASSISTANCE | Chicago, IL | $5K | 2023 |
| American Islamic Forum For DemocracPROMOTE KNOWLEDAGE AND DEMOCRACY STANDARDS | Phoenix, AZ | $5K | 2023 |
| Honor Health FoundationPATIENT ASSISTANCE FUND | Scottsdale, AZ | $5K | 2023 |
| International Fellowship Of ChristiGENERAL FUND ASSSISTANCE | Washington, DC | $5K | 2023 |
| Life Choices Womens ClinicGENERAL FUND | Phoenix, AZ | $5K | 2023 |
| Phoenix Childrens HospitalGENERAL FUND ASSISTANCE | Phoenix, AZ | $5K | 2023 |
| St Thomas The ApostleCHURCH GENERAL FUND | Phoenix, AZ | $5K | 2023 |
| Wounded Warrior ProjectGENERAL FUND ASSISTANCE | Jackonsonville, FL | $3K | 2023 |
| Tunnels To Towers FdnGENERAL FUND ASSISTANCE | Staten Island, NY | $3K | 2023 |
| Mens AcademyGENERAL FUND | Phoenix, AZ | $3K | 2023 |
| Harry Perkins Institute Of Med ResASSISTANCE IN CARING FOR CANCER PATIENTS | St Nedlands | $2K | 2023 |
| San Francisco De Asis ParishGENERAL FUND | Flagstaff, AZ | $2K | 2023 |
| Northern Arizona UniversityPROMOTE AWARENESS AND FUNDING FOR DISEASE PREVENTION | Flagstaff, AZ | $2K | 2023 |
| Franciscan Foundation For The HolyGENERAL FUND ASSISTANCE | Washington, DC | $1K | 2023 |
| Cteen Of The ValleyGENERAL FUND | Phoenix, AZ | $1K | 2023 |
| Roman Catholic Diocese Of PhoenixGENERAL FUND | Phoenix, AZ | $500 | 2023 |
| Jdrf InternationalFOOD ASSISTANCE TO LOWER INCOME INDIVIDUALS AND FAMILIES | New York, NY | $500 | 2023 |
| Mercy ShipsGENERAL FUND ASSISTANCE | Garden Valley, TX | $250 | 2023 |
| Jewish Community AssociationGENERAL FUND | Scottsdale, AZ | $10K | 2022 |
| Jewish Family ServiceREEL HOPE-TAKE FOURTEEN FUND | Denver, CO | $10K | 2022 |
| Arizona Helping HandsGENERAL FUND | Phoenix, AZ | $5K | 2022 |
| Arroyo Seco Citizens AssociationGENERAL FUND | Greenfield, CA | $3K | 2022 |
| Go Fund MeGENERAL FUND | Redwood City, CA | $2K | 2022 |
TUCSON, AZ
PHOENIX, AZ
PARADISE VLY, AZ