K5 Foundation
K5 Foundation is a private foundation, based in San Francisco, CA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $47.0M in total assets. In 2024, it awarded 5 grants totaling $3.7M. Net investment income was $609K.
K5 Foundation at a glance
In short: K5 Foundation gave $3.7M across 5 grants in 2024 (avg $745K), mostly in Illinois. Source: 2024 IRS Form 990-PF.
- Annual giving (2024)
- $3,725,000
- +80.0% vs 2023
- Grants made (2024)
- 5
- -50.0% vs 2023
- Average grant
- $745,000
- +259.9% vs 2023
- Median grant
- $350,000
- Total assets
- $46,994,909
- +9.4% vs 2023
- Primary geography
- Illinois (54% of itemized 2024 grant dollars)
- Latest 990 filing
- Form 990-PF, 2024 View filing
Data from IRS Form 990-PF, 2024; updated September 2026.
Who K5 Foundation funds
How this funder distributes its grants
Top Recipients
Top 5 recipients in 2024
The largest 2024 recipient was Northwestern University ($2.0M). Together the top 5 received $3.7M.
Grant Size Distribution
37 grants across all recorded years
The most common grant size was under $50K: 13 grants of 37 (35%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2024 grant dollars across all 5 itemized grants.
Cities
How K5 Foundation gives
- Giving grew 96% from 2021 to 2024. Method
- In 2024 it paid out 171% of its IRS minimum distribution (the 5% rule). 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 2024, annual grant giving ranged from $1.6M (2020) to $4.9M (2022). In 2024 it made 5 grants totaling $3.7M.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Northwestern University Evanston, IL | to support creation of an integrated program to ensure enhanced academic, social, and career to support | $2,000,000 |
| Board of trts Leland Stanford Unive Stanford, CA | The Karr Family Programming Fund | $1,000,000 |
| Town School for Boys San Francisco, CA | Town School Tomorrow Begins Campaign | $350,000 |
| Sponsors For Educ Opportunities San Francisco, CA | General Operating SupportEndowments & Foundations Fellowship program | $350,000 |
| Larkin Street Youth Services San Francisco, CA | Bridge Academy | $25,000 |
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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 | Distributable Amount |
|---|---|---|---|---|---|---|---|---|
| 2024 | $46,994,909 | $761,449 | $5,387,997 | $3,725,000 | 5 | $3,844,151 | $608,681 | $2,245,840 |
| 2023 | $42,945,817 | $5,096,996 | $1,563,541 | $2,070,000 | 10 | $2,179,263 | $5,020,191 | $1,878,434 |
| 2022 | $38,163,626 | $3,878,651 | $5,062,502 | $4,898,750 | 6 | $1,738,044 | $3,840,919 | $2,665,272 |
| 2021 | $43,390,127 | $413,249 | $1,934,721 | $1,899,000 | 8 | $1,901,725 | $391,495 | $2,061,219 |
| 2020 | $39,923,707 | $326,853 | $1,580,628 | $1,555,000 | 8 | — | $312,280 | $1,664,487 |
Under IRS private-foundation payout rules, K5 Foundation reported a distributable amount of $2.2M for 2024 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
K5 Foundation's 2024 filing lists 2 officers; none of the 2 officers listed in 2024 report compensation.
Officers on the 2024 filing
Adam Karr
Director
On filings since 2020
2 hrs/week
No compensation reported
Latonia Karr
Director
New on the 2024 filing
2 hrs/week
No compensation reported
Former officers (1)
- Former: Tonia Karr (2020–2023) — Director
Data from IRS Form 990 filings, 2020–2024. "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 K5 Foundation
How much does K5 Foundation give each year?
K5 Foundation gave $3.7M across 5 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $2.1M across 10 grants.
What is K5 Foundation's typical grant size?
K5 Foundation's median grant in 2024 was $350,000, and its average grant was $745,000, across 5 grants on its 2024 IRS Form 990-PF.
Where does K5 Foundation give grants?
K5 Foundation gives mostly in Illinois: 54% of the grant dollars itemized on its 2024 IRS Form 990-PF went to recipients there. The next largest state was California (46%). The most frequent recipient cities were San Francisco, CA (3 grants).
Does K5 Foundation give general operating support?
Yes: 20% of K5 Foundation's 2024 grants with a stated purpose (1 of 5) were for general or operating support, per its 2024 IRS Form 990-PF.
Who are K5 Foundation's largest grantees?
K5 Foundation's largest 2024 grantees include Northwestern University ($2,000,000), Board of trts Leland Stanford Unive ($1,000,000) and Town School for Boys ($350,000), according to its 2024 IRS Form 990-PF. Together they received 90% of its itemized 2024 grant dollars.
How large is K5 Foundation?
K5 Foundation reported $47.0M in total assets on its 2024 IRS Form 990-PF. It paid out $3.8M in qualifying distributions that year, against a required minimum of $2.2M (roughly 5% of its investment assets).
What is K5 Foundation's EIN?
K5 Foundation's EIN (Employer Identification Number) is 83-1599193. IRS Form 990 filing data is available on this page for 2020–2024.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(1)
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2024
Live grants for the work K5 Foundation funds
Philanthropy, Voluntarism & Grantmaking Open opportunities, soonest deadline first.
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Browse active grant opportunities in K5 Foundation's focus areas in our free grants database
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