Karelou Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in PITTSBURGH, PA. IRS filing data is available from 2021 through 2025. As of 2025, the organization holds $2.4M in total assets. In 2025, it awarded 13 grants totaling $170K. Net investment income was $106K.
Financial Overview
From 2025 IRS Form 990-PF · View filing
Total Assets
$2.4M
-2.6% YoY
Annual Giving
$170K
+13.3% YoY
Grant Count
13
+8.3% YoY
Avg Grant Size
$13K
+4.6% YoY
Under IRS private-foundation payout rules, Karelou Foundation reported a distributable amount of $188K for 2025 — the minimum it must pay out in qualifying distributions.
About Karelou Foundation
Based on IRS filings
Karelou Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in PITTSBURGH, PA. IRS filing data is available from 2021 through 2025. As of 2025, the organization holds $2.4M in total assets. In 2025, it awarded 13 grants totaling $170K. Net investment income was $106K.
Focus Areas
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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 | 2025 | 2024 | 2023 |
|---|---|---|---|
| Total Assets | $2,399,677 | $2,463,440 | $2,560,071 |
| Revenue | $125,024 | $71,641 | $118,686 |
| Expenses | $188,787 | $168,272 | $196,812 |
| Qualifying Distributions | $170,000 | $150,000 | $180,000 |
| Net Investment Income | $106,237 | $53,369 | $97,274 |
| Distributable Amount | $187,894 | $167,745 | $153,125 |
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 2025
Grant Size Distribution
58 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2025 grants, the largest include St Vincent College ($50,000), Seton Hill University ($25,000), Depaul School for Hearing & Speech ($20,000).
| Recipient | Purpose | Amount |
|---|---|---|
| AUTISM PROJECT OF PALM BEACH COUNTY JUPITER, FL | GENERAL | $5,000 |
| DEPAUL SCHOOL FOR HEARING & SPEECH PITTSBURGH, PA | GENERAL | $20,000 |
| DUQUESNE UNIVERSITY PITTSBURGH, PA | GENERAL | $20,000 |
| EMMAUS COMMUNITY OF PITTSBURGH PITTSBURGH, PA | GENERAL | $2,000 |
| LITTLE SISTERS OF THE POOR PITTSBURGH, PA | GENERAL | $10,000 |
| POINT PARK UNIVERSITY PITTSBURGH, PA | GENERAL | $3,000 |
| SETON HILL UNIVERSITY GREENSBURG, PA | GENERAL | $25,000 |
| SISTERS OF CHARITY OF SETON HILL GREENSBURG, PA | GENERAL | $10,000 |
| ST BONAVENTURE UNIVERSITY ST BONAVENTURE, NY | GENERAL | $7,000 |
| ST VINCENT COLLEGE LATROBE, PA | GENERAL | $50,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2025 IRS filing
From 2025 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| ARTHUR J ROONEY JR | PRESIDENT | 2 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Karelou Foundation?
Karelou Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in PITTSBURGH, PA. It holds $2.4M in total assets as of 2025.
How large is Karelou Foundation?
As of 2025, Karelou Foundation holds $2.4M in total assets with $125K in annual revenue. It awarded 13 grants totaling $170K in 2025.
Where does Karelou Foundation operate?
Karelou Foundation has awarded grants in Florida, Missouri, New York, Pennsylvania, Virginia.
What size grants does Karelou Foundation award?
In 2025, Karelou Foundation awarded 13 grants totaling $170K — an average of about $13K per grant, based on its IRS Form 990 filings.
How much is Karelou Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2025, Karelou Foundation reported a distributable amount of $188K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Karelou Foundation's EIN?
Karelou Foundation's EIN (Employer Identification Number) is 82-4129763. IRS Form 990 filing data is available on this page for 2021–2025.
Explore Open Grants
Browse active grant opportunities in Karelou Foundation's focus areas in our free grants database
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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