Dharma Karma Foundation
Dharma Karma Foundation is a private foundation, based in Wilmington, DE. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $22.1M in total assets. In 2024, it awarded 2 grants totaling $300K. Net investment income was $146K.
Dharma Karma Foundation at a glance
In short: Dharma Karma Foundation gave $300K across 2 grants in 2024 (avg $150K), mostly in Arizona. Source: 2024 IRS Form 990-PF.
- Annual giving (2024)
- $300,000
- -82.2% vs 2023
- Grants made (2024)
- 2
- -66.7% vs 2023
- Average grant
- $150,000
- -46.5% vs 2023
- Median grant
- $150,000
- Total assets
- $22,110,775
- -11.1% vs 2023
- Primary geography
- Arizona (100% of itemized 2024 grant dollars)
- Latest 990 filing
- Form 990-PF, 2024 View filing
Data from IRS Form 990-PF, 2024; updated September 2026.
Who Dharma Karma Foundation funds
How this funder distributes its grants
Top Recipients
Top recipient in 2024
The largest 2024 recipient was Arizona State University Foundation for a New Amer ($300K across 2 grants).
Grant Size Distribution
14 grants across all recorded years
The most common grant size was in the $100–250K range: 5 grants of 14 (36%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2024 grant dollars across all 2 itemized grants.
States
Cities
How Dharma Karma Foundation gives
- Giving fell 58% from 2021 to 2024. Method
- In 2024 it paid out 180% of its IRS minimum distribution (the 5% rule). Method
From the foundation's IRS Form 990-PF filings. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2024, annual grant giving ranged from $55K (2020) to $1.7M (2023). In 2024 it made 2 grants totaling $300K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Arizona State University Foundation for a New Amer Tempe, AZ | General & Unrestricted | $200,000 |
| Arizona State University Foundation for a New Amer Tempe, AZ | To advance research in the area of carbon dioxide removal, and to benefit the center for negative carbon emissions at ASU | $100,000 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Net Investment Income | Distributable Amount |
|---|---|---|---|---|---|---|---|---|
| 2024 | $22,110,775 | $-359,811 | $2,403,444 | $300,000 | 2 | $2,219,732 | $146,291 | $1,232,895 |
| 2023 | $24,880,015 | $1,216,590 | $2,275,386 | $1,681,054 | 6 | $1,846,714 | $821,018 | $1,576,293 |
| 2022 | $25,932,826 | $4,285,381 | $1,747,159 | $1,317,271 | 3 | $1,375,202 | $3,967,724 | $1,675,814 |
| 2021 | $23,394,604 | $23,190,047 | $731,852 | $715,020 | 1 | $729,268 | $1,407,233 | $1,841,870 |
| 2020 | $936,409 | $17,471 | $65,718 | $55,000 | 2 | — | $17,371 | $47,363 |
Under IRS private-foundation payout rules, Dharma Karma Foundation reported a distributable amount of $1.2M for 2024 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
Dharma Karma Foundation is led by Arvind Peter Relan, Director, President, Secretary & Treasurer on every filing since 2020 — the only officer listed, and uncompensated.
Officers on the 2024 filing
Arvind Peter Relan
Director, President, Secretary & Treasurer
On filings since 2020
1 hr/week
No compensation reported
Data from IRS Form 990 filings, 2020–2024. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Frequently asked questions about Dharma Karma Foundation
How much does Dharma Karma Foundation give each year?
Dharma Karma Foundation gave $300K across 2 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $1.7M across 6 grants.
How large is Dharma Karma Foundation?
Dharma Karma Foundation reported $22.1M in total assets on its 2024 IRS Form 990-PF. It paid out $2.2M in qualifying distributions that year, against a required minimum of $1.2M (roughly 5% of its investment assets).
Where does Dharma Karma Foundation operate?
Dharma Karma Foundation has awarded grants in Arizona, California, New York.
What is Dharma Karma Foundation's EIN?
Dharma Karma Foundation's EIN (Employer Identification Number) is 83-1495133. IRS Form 990 filing data is available on this page for 2020–2024.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(1)
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2024
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