Good Karma Foundation

Foundation · Grantmaker San Rafael, CA EIN: 80-0316636

Good Karma Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in San Rafael, CA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $6.3M in total assets. In 2024, it awarded 5 grants totaling $265K. Net investment income was $292K.

Key facts about Good Karma Foundation

EIN: 80-0316636
Latest 990 filing: Form 990-PF, 2024
Annual giving (2024): $265,000
Grants made (2024): 5
Average grant: $53,000
Median grant: $20,000
Total assets: $6,271,181
Primary geography: California (15% of itemized 2024 grant dollars)

Data from IRS Form 990-PF, 2024; updated September 2026.

Who Good Karma Foundation funds

By grant dollars, the top recipient states for Good Karma Foundation's 5 itemized 2024 grants were California (15%) and South Carolina (9%). The most frequent recipient cities were Pacifica, CA (2 grants). None of its 5 grants with a stated purpose were described as general or operating support. Recurring purposes include "To Support Charitable Programs." (5 grants).

How Good Karma Foundation gives

Giving grew 3213% from 2021 to 2024. Method
In 2024 it paid out 101% of its IRS minimum distribution (the 5% rule). Method

From the foundation's IRS Form 990-PF filings. Methodology.

Next steps with Good Karma Foundation

How to evaluate Good Karma Foundation as a funder
Our grant prospecting guide: read the 990-PF, check fit, and decide whether to apply.
Draft an LOI to Good Karma Foundation with AI
AI grant writing that drafts from your organization’s own materials, in your voice.
Track this opportunity in a free grant tracker
A free Google Sheets or Excel template for deadlines, award terms, and reports due.

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$6.3M

+19.5% YoY

Annual Giving

$265K

+562.5% YoY

Grant Count

+66.7% YoY

Avg Grant Size

$53K

+297.5% YoY

Under IRS private-foundation payout rules, Good Karma Foundation reported a distributable amount of $266K for 2024 — the minimum it must pay out in qualifying distributions.

About Good Karma Foundation

Based on IRS filings

Focus Areas

Philanthropy, Voluntarism & Grantmaking

Your AI grants department

Ready to take the next step with Good Karma Foundation?

Assess fit for your org Draft an LOI Find open RFPs

Fully replaces Grant database subscriptions Instrumentl · Foundation Directory · GrantStation & similar

Geographic Focus

Where this funder awards grants

Grant Distribution by State

California $40K (15%)

South Carolina $25K (9%)

All other $200K (75%)

Share of all 5 itemized 2024 grant dollars.

States

California South Carolina

Cities

PacificaSan RafaelColumbia

Financial History

Multi-year comparison from IRS filings

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2024	2023	2022
Total Assets	$6,271,181	$5,249,091	$3,955,415
Revenue	$1,291,658	$1,333,876	$1,217,250
Expenses	$269,568	$40,200	$41,437
Qualifying Distributions	$269,568	$40,200	$41,437
Net Investment Income	$291,658	$83,876	—
Distributable Amount	$266,498	$265,503	$142,404

Data update history

When this profile's IRS filing data changed on Grantable

March 3, 2026 IRS filings on file for fiscal years 2020–2024

Giving Over Time

Total grant dollars and number of grants per year

Grant Insights

How this funder distributes its grants

Top Recipients

Top 5 recipients in 2024

Grant Size Distribution

12 grants across all recorded years

Giving History

Grant recipients and amounts by year

Among its reported 2024 grants, the largest recipients include HRDS India ($200,000), University of South Carolina ($25,000), Pacifica Resource Center ($20,000).

Recipient	Purpose	Amount
HRDS INDIA	TO SUPPORT CHARITABLE PROGRAMS	$200,000
UNIVERSITY OF SOUTH CAROLINA Columbia, SC	TO SUPPORT CHARITABLE PROGRAMS	$25,000
PACIFICA RESOURCE CENTER Pacifica, CA	TO SUPPORT CHARITABLE PROGRAMS.	$20,000
PACIFICANS CARE Pacifica, CA	TO SUPPORT CHARITABLE PROGRAMS.	$10,000
CENTER FOR DOMESTIC PEACE San Rafael, CA	TO SUPPORT CHARITABLE PROGRAMS.	$10,000

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

No officer or director reported compensation in the available filings.

From 2024 IRS filing

Name	Title	Hours	Compensation
Vasudev Narayanan	President	4	—
Leslie Vandyke	Secretary	1.5	—
May Wong	Director	1.5	—

Subject Areas

Focus areas based on grantmaking activity

Philanthropy, Voluntarism & Grantmaking

Frequently Asked Questions

What is Good Karma Foundation?

Good Karma Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in San Rafael, CA. It holds $6.3M in total assets as of 2024.

How large is Good Karma Foundation?

As of 2024, Good Karma Foundation holds $6.3M in total assets with $1.3M in annual revenue. It awarded 5 grants totaling $265K in 2024.

Where does Good Karma Foundation operate?

Good Karma Foundation has awarded grants in California, South Carolina.

What size grants does Good Karma Foundation award?

In 2024, Good Karma Foundation awarded 5 grants totaling $265K — an average of about $53K per grant, based on its IRS Form 990 filings.

How much is Good Karma Foundation required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2024, Good Karma Foundation reported a distributable amount of $266K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.