Kara J Trott Family Foundation Aka Life Leap
Kara J Trott Family Foundation Aka Life Leap is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in WILMINGTON, DE. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $1.9M in total assets. In 2024, it awarded 12 grants totaling $1.4M. Net investment income was $66K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$1.9M
-40.9% YoY
Annual Giving
$1.4M
+2.0% YoY
Grant Count
12
+0.0% YoY
Avg Grant Size
$115K
+2.0% YoY
Under IRS private-foundation payout rules, Kara J Trott Family Foundation Aka Life Leap reported a distributable amount of $129K for 2024 — the minimum it must pay out in qualifying distributions.
About Kara J Trott Family Foundation Aka Life Leap
Based on IRS filings
Kara J Trott Family Foundation Aka Life Leap is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in WILMINGTON, DE. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $1.9M in total assets. In 2024, it awarded 12 grants totaling $1.4M. Net investment income was $66K.
Focus Areas
Ready to take the next step with Kara J Trott Family Foundation Aka Life Leap?
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 | $1,943,342 | $3,288,150 | $4,751,250 |
| Revenue | $73,794 | $-57,596 | $562,164 |
| Expenses | $1,418,602 | $1,405,504 | $1,526,985 |
| Qualifying Distributions | $1,409,719 | $1,392,194 | $1,500,444 |
| Net Investment Income | $65,611 | $56,057 | $64,095 |
| Distributable Amount | $129,123 | $182,604 | $246,124 |
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
31 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Ohio State University Foundation ($500,000), Make-a-wish Foundation of Ohio Kentucky and Indian ($250,000), Heartland High School ($200,000).
| Recipient | Purpose | Amount |
|---|---|---|
| CHRISCROSS FOUNDATION HINSDALE, IL | Foundation House Scholarship Fund | $60,000 |
| CHRISCROSS FOUNDATION HINSDALE, IL | Foundation House Scholarship Fund | $100,000 |
| FAMILIES FLOURISH INC COLUMBUS, OH | General & Unrestricted | $37,000 |
| GRATITUDE FOUNDATION INC CUMBERLAND, MD | General & Unrestricted | $40,000 |
| HEARTLAND HIGH SCHOOL COLUMBUS, OH | Life Leap Scholarship Fund | $200,000 |
| HUCKLEBERRY HOUSE INC COLUMBUS, OH | General & Unrestricted | $20,000 |
| I KNOW I CAN COLUMBUS, OH | Founders' Scholarship Fund | $10,000 |
| MAKE-A-WISH FOUNDATION OF OHIO KENTUCKY AND INDIAN COLUMBUS, OH | General & Unrestricted | $250,000 |
| O S U CHABAD HOUSE INC NEW ALBANY, OH | Kitchen of Life Program | $80,000 |
| OHIO STATE UNIVERSITY FOUNDATION COLUMBUS, OH | Immigration Clinic Fund | $35,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| Mikhail Alexander Gebhardt | Dir | 1 | — |
| Robert W Philips | Dir, Sec | 1 | — |
| Kara J Trott | Treas, Dir, Pres | 1 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Kara J Trott Family Foundation Aka Life Leap?
Kara J Trott Family Foundation Aka Life Leap is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in WILMINGTON, DE. It holds $1.9M in total assets as of 2024.
How large is Kara J Trott Family Foundation Aka Life Leap?
As of 2024, Kara J Trott Family Foundation Aka Life Leap holds $1.9M in total assets with $74K in annual revenue. It awarded 12 grants totaling $1.4M in 2024.
Where does Kara J Trott Family Foundation Aka Life Leap operate?
Kara J Trott Family Foundation Aka Life Leap has awarded grants in Illinois, Maryland, Ohio, Pennsylvania.
What size grants does Kara J Trott Family Foundation Aka Life Leap award?
In 2024, Kara J Trott Family Foundation Aka Life Leap awarded 12 grants totaling $1.4M — an average of about $115K per grant, based on its IRS Form 990 filings.
How much is Kara J Trott Family Foundation Aka Life Leap required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Kara J Trott Family Foundation Aka Life Leap reported a distributable amount of $129K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Kara J Trott Family Foundation Aka Life Leap's EIN?
Kara J Trott Family Foundation Aka Life Leap's EIN (Employer Identification Number) is 82-1454838. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in Kara J Trott Family Foundation Aka Life Leap's focus areas in our free grants database
Related Funders
Similar funders by location and focus area
Ttee Trustees of Univ of Mass - Art 5
WILMINGTON, DE
Assets
$380K
Grants
1
Total Given
$14K
The Jonsson Foundation
WILMINGTON, DE
Assets
$784K
Grants
3
Total Given
$15K
The Cucci Family Foundation
WILMINGTON, DE
Assets
$579K
Grants
4
Total Given
$45K
Westly Foundation
WILMINGTON, DE
Assets
$4.1M
Grants
55
Total Given
$1.2M
Scott and Jessica McClintock Foundation
WILMINGTON, DE
Assets
$8.9M
Grants
22
Total Given
$392K
The John C Griswold Family Foundation
WILMINGTON, DE
Assets
$13.4M
Grants
68
Total Given
$534K
Data last updated April 2026. Sourced from IRS Form 990-PF filings.
What could you do with Kara J Trott Family Foundation Aka Life Leap on Grantable?
- Assess strategic fit with your organization
- Draft a tailored letter of inquiry
- Find open RFPs from this funder
- Monitor for new funding opportunities
Go from researching Kara J Trott Family Foundation Aka Life Leap to a real strategy.