Josephine de Karman Trust
Josephine de Karman Trust is a private foundation, based in PASADENA, CA. IRS filing data is available from 2021 through 2023. In 2023, it awarded 6 grants totaling $3.7M. Net investment income was $72K.
Financial Overview
From 2023 IRS Form 990-PF · View filing
Total Assets
—
-100.0% YoY
Annual Giving
$3.7M
+2367.3% YoY
Grant Count
6
+20.0% YoY
Avg Grant Size
$617K
+1956.1% YoY
Under IRS private-foundation payout rules, Josephine de Karman Trust reported a distributable amount of $166K for 2023 — the minimum it must pay out in qualifying distributions.
About Josephine de Karman Trust
Based on IRS filings
Josephine de Karman Trust is a private foundation, based in PASADENA, CA. IRS filing data is available from 2021 through 2023. In 2023, it awarded 6 grants totaling $3.7M. Net investment income was $72K.
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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 | 2023 | 2022 | 2021 |
|---|---|---|---|
| Total Assets | — | $3,220,905 | $3,292,317 |
| Revenue | $35,800 | $189,883 | $770,509 |
| Expenses | $3,745,334 | $261,295 | $243,065 |
| Qualifying Distributions | $3,733,658 | $168,555 | $154,198 |
| Net Investment Income | $72,296 | $112,037 | $671,895 |
| Distributable Amount | $165,849 | $177,534 | $197,558 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 6 recipients in 2023
Grant Size Distribution
20 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2023 grants, the largest include Pasadena Community Foundation ($3,550,944), California Institute of Technology ($50,000), Stanford University ($25,000).
| Recipient | Purpose | Amount |
|---|---|---|
| California Institute of Technology Pasadena, CA | Scholarship | $50,000 |
| Pasadena Community Foundation Pasadena, CA | Josephine de Karman Trust Fellowship Endowment - See statement 8 | $3,550,944 |
| Stanford University Redwood City, CA | Scholarship | $25,000 |
| UC Regents - UC Berkeley Oakland, CA | Scholarship | $25,000 |
| UC Regents - UC Santa Barbara Oakland, CA | Scholarship | $25,000 |
| UC Regents - UC Santa Cruz Oakland, CA | Scholarship | $25,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2023 IRS filing
From 2023 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| Comerica Bank | Trustee (End 08/23) | 2 | — |
| Pasadena Community Foundation | Trustee (Start 09/23) | 2 | $16,642 |
Frequently Asked Questions
Where does Josephine de Karman Trust operate?
Josephine de Karman Trust has awarded grants in California, Indiana, Minnesota, New Jersey, Rhode Island.
What size grants does Josephine de Karman Trust award?
In 2023, Josephine de Karman Trust awarded 6 grants totaling $3.7M — an average of about $617K per grant, based on its IRS Form 990 filings.
How much is Josephine de Karman Trust required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2023, Josephine de Karman Trust reported a distributable amount of $166K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Josephine de Karman Trust's EIN?
Josephine de Karman Trust's EIN (Employer Identification Number) is 95-6019527. IRS Form 990 filing data is available on this page for 2021–2023.
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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