Frank and Karen Ptak Family Foundation
Frank and Karen Ptak Family Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in BOCA RATON, FL. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $1.7M in total assets. In 2024, it awarded 14 grants totaling $247K. Net investment income was $52K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$1.7M
-1.0% YoY
Annual Giving
$247K
+2.9% YoY
Grant Count
14
+7.7% YoY
Avg Grant Size
$18K
-4.4% YoY
Under IRS private-foundation payout rules, Frank and Karen Ptak Family Foundation reported a distributable amount of $81K for 2024 — the minimum it must pay out in qualifying distributions.
About Frank and Karen Ptak Family Foundation
Based on IRS filings
Frank and Karen Ptak Family Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in BOCA RATON, FL. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $1.7M in total assets. In 2024, it awarded 14 grants totaling $247K. Net investment income was $52K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $1,658,444 | $1,674,800 | $1,742,583 |
| Revenue | $306,731 | $241,663 | $330,995 |
| Expenses | $321,468 | $310,734 | $281,917 |
| Qualifying Distributions | $316,252 | $307,601 | $278,169 |
| Net Investment Income | $52,069 | $38,912 | $27,449 |
| Distributable Amount | $80,814 | $82,685 | $81,542 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
Grant Size Distribution
74 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Jewish Federation of South Palm Beach County ($32,000), Misericordia Heart of Mercy Center ($29,000), Shirley Ryan Abilitylab ($27,000).
| Recipient | Purpose | Amount |
|---|---|---|
| BEST FOOT FORWARD FOUNDATION BOCA RATON, FL | GENERAL | $12,000 |
| CARES FOUNDATION UNION, NJ | GENERAL | $5,000 |
| CURRY COLLEGE MILTON, MA | GENERAL | $5,000 |
| DEPAUL UNIVERSITY COLLEGE OF COMMERCE CHICAGO, IL | GENERAL | $5,000 |
| GREATER CHICAGO FOOD DEPOSITORY CHICAGO, IL | GENERAL | $21,000 |
| JEWISH FEDERATION OF SOUTH PALM BEACH COUNTY BOCA RATON, FL | GENERAL | $32,000 |
| JUNIOR ACHIEVEMENT CHICAGO CHICAGO, IL | GENERAL | $22,000 |
| LEARN CHARTER SCHOOL NETWORK CHICAGO, IL | GENERAL | $24,000 |
| LINCOLN PARK ZOOLOGICAL SOCIETY CHICAGO, IL | GENERAL | $25,000 |
| MCGRAW YMCA EVANSTON, IL | GENERAL | $11,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| JEFFREY B PTAK | PRES, DIRECTOR | 0.5 | — |
| JACQUELYN F MORRIS | VP, DIRECTOR | 1 | — |
| RUSSELL E PTAK | TR, DIRECTOR | 20 | $48,816 |
| FRANK S PTAK | DIRECTOR | 0.5 | — |
| KAREN M PTAK | DIRECTOR | 0.5 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Frank and Karen Ptak Family Foundation?
Frank and Karen Ptak Family Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in BOCA RATON, FL. It holds $1.7M in total assets as of 2024.
How large is Frank and Karen Ptak Family Foundation?
As of 2024, Frank and Karen Ptak Family Foundation holds $1.7M in total assets with $307K in annual revenue. It awarded 14 grants totaling $247K in 2024.
Where does Frank and Karen Ptak Family Foundation operate?
Frank and Karen Ptak Family Foundation has awarded grants in Florida, Illinois, Massachusetts, New Jersey, New York.
What size grants does Frank and Karen Ptak Family Foundation award?
In 2024, Frank and Karen Ptak Family Foundation awarded 14 grants totaling $247K — an average of about $18K per grant, based on its IRS Form 990 filings.
How much is Frank and Karen Ptak Family Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Frank and Karen Ptak Family Foundation reported a distributable amount of $81K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Frank and Karen Ptak Family Foundation's EIN?
Frank and Karen Ptak Family Foundation's EIN (Employer Identification Number) is 26-4190675. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in Frank and Karen Ptak Family Foundation's focus areas in our free grants database
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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