Josephine de Karman Trust

PASADENA, CA EIN: 95-6019527

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

+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

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

California $3.9M (99%)

Indiana $13K (0%)

Minnesota $13K (0%)

New Jersey $13K (0%)

Rhode Island $13K (0%)

States

California Indiana Minnesota New Jersey Rhode Island

Cities

ChicagoLos AngelesMinneapolisOaklandPasadenaPrincetonProvidenceRedwood City

Financial History

Multi-year comparison from IRS filings

Revenue

Expenses

Qualifying Distributions

Net Investment Income

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.