Kara J Trott Family Foundation Aka Life Leap

WILMINGTON, DE EIN: 82-1454838

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

+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

Focus Areas

Philanthropy, Voluntarism & Grantmaking

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

Ohio $4.4M (93%)

Illinois $160K (3%)

Pennsylvania $100K (2%)

Maryland $70K (1%)

States

Illinois Maryland Ohio Pennsylvania

Cities

ColumbusCumberlandHinsdaleNew AlbanyWernersville

Financial History

Multi-year comparison from IRS filings

Revenue

Expenses

Qualifying Distributions

Net Investment Income

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

Philanthropy, Voluntarism & Grantmaking

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.