Ernest C & Marion R Karras
Ernest C & Marion R Karras is a private foundation, based in Oak Brook, IL. IRS filing data is available from 2020 through 2025. As of 2025, the organization holds $1.4M in total assets. In 2025, it awarded 9 grants totaling $59K. Net investment income was $61K.
Ernest C & Marion R Karras at a glance
In short: Ernest C & Marion R Karras gave $59K across 9 grants in 2025 (avg $7K), mostly in Illinois. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $58,500
- +13.9% vs 2024
- Grants made (2025)
- 9
- -18.2% vs 2024
- Average grant
- $6,500
- +39.2% vs 2024
- Median grant
- $2,000
- Total assets
- $1,363,435
- +13.7% vs 2024
- Primary geography
- Illinois (56% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990-PF, 2025 View filing
Data from IRS Form 990-PF, 2025; updated September 2026.
Who Ernest C & Marion R Karras funds
How this funder distributes its grants
Top Recipients
Top 9 recipients in 2025
The largest 2025 recipient was National Hellenic Museum ($20K). Together the top 9 received $59K.
Grant Size Distribution
59 grants across all recorded years
The most common grant size was under $50K: 59 grants of 59 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2025 grant dollars across all 9 itemized grants.
Cities
How Ernest C & Marion R Karras gives
- Giving held roughly steady from 2022 to 2025 (−7%). 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 2025, annual grant giving ranged from $51K (2024) to $63K (2022). In 2025 it made 9 grants totaling $59K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| National Hellenic Museum Chicago, IL | Preservation | $20,000 |
| St Iakouos Retreat Center Kansasville, WI | Religious | $17,500 |
| University of Illinois Foundation Champaign, IL | Academic | $10,000 |
| Orthodox Christian Mission Center St Augustine, FL | Religious | $5,000 |
| St Katherines Orthodox Church Naples, FL | Religious | $2,000 |
| Greek American Rehab & Nursing Home Wheeling, IL | Charity | $1,000 |
| Holy Apostles Church Westchester, IL | Reigious | $1,000 |
| Iocc Baltimore, MD | Charity | $1,000 |
| Philoptochos Society of Chicago Lombard, IL | Religious | $1,000 |
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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 |
|---|---|---|---|---|---|---|---|
| 2025 | $1,363,435 | $161,392 | $64,263 | $58,500 | 9 | $58,500 | $61,392 |
| 2024 | $1,199,657 | $141,148 | $54,304 | $51,350 | 11 | $51,350 | $41,148 |
| 2023 | $1,111,413 | $106,025 | $60,337 | $59,700 | 16 | $59,700 | $6,025 |
| 2022 | $1,065,726 | $111,158 | $63,603 | $63,005 | 11 | $63,005 | $1,306 |
| 2021 | $1,018,170 | $110,215 | $59,981 | $59,150 | 12 | $59,150 | $10,215 |
| 2020 | $967,936 | $110,316 | $62,081 | $61,850 | 13 | — | $10,316 |
Leadership & Key People
Officers and directors from IRS filings
Ernest C & Marion R Karras's 2025 filing lists 2 officers; none of the 2 officers listed in 2025 report compensation.
Officers on the 2025 filing
Ernest C. Karras
Trustee
Co-Trustee → Trustee, 2022
On filings since 2020
5 hrs/week
No compensation reported
Marion R. Karras
Trustee
Co-Trustee → Trustee, 2022
On filings since 2020
5 hrs/week
No compensation reported
Data from IRS Form 990 filings, 2020–2025. "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 Ernest C & Marion R Karras
How much does Ernest C & Marion R Karras give each year?
Ernest C & Marion R Karras gave $59K across 9 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $51K across 11 grants.
What is Ernest C & Marion R Karras's typical grant size?
Ernest C & Marion R Karras's median grant in 2025 was $2,000, and its average grant was $6,500, across 9 grants on its 2025 IRS Form 990-PF.
Where does Ernest C & Marion R Karras give grants?
Ernest C & Marion R Karras gives mostly in Illinois: 56% of the grant dollars itemized on its 2025 IRS Form 990-PF went to recipients there. The next largest states were Wisconsin (30%) and Florida (12%).
Does Ernest C & Marion R Karras give general operating support?
Not in 2025: none of the 9 grants with a stated purpose on Ernest C & Marion R Karras's 2025 IRS Form 990-PF were described as general or operating support. Recurring purposes include "Religious" (4 grants).
Who are Ernest C & Marion R Karras's largest grantees?
Ernest C & Marion R Karras's largest 2025 grantees include National Hellenic Museum ($20,000), St Iakouos Retreat Center ($17,500) and University of Illinois Foundation ($10,000), according to its 2025 IRS Form 990-PF. Together they received 81% of its itemized 2025 grant dollars.
How large is Ernest C & Marion R Karras?
Ernest C & Marion R Karras reported $1.4M in total assets on its 2025 IRS Form 990-PF. Its revenue that year was $161K.
What is Ernest C & Marion R Karras's EIN?
Ernest C & Marion R Karras's EIN (Employer Identification Number) is 27-1530381. IRS Form 990 filing data is available on this page for 2020–2025.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(2)
When this profile's IRS filing data changed on Grantable
- Added Form 990-PF for fiscal year 2025 (received by the IRS June 30, 2026)
- IRS filings on file for fiscal years 2020–2024
Live grants for the work Ernest C & Marion R Karras funds
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