Karen & Rick Hargrove Foundation
Karen & Rick Hargrove Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in LA SELVA BEACH, CA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $6.0M in total assets. In 2024, it awarded 4 grants totaling $1.9M. Net investment income was $2.5M.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$6.0M
-4.0% YoY
Annual Giving
$1.9M
+68.2% YoY
Grant Count
4
+0.0% YoY
Avg Grant Size
$463K
+68.2% YoY
Under IRS private-foundation payout rules, Karen & Rick Hargrove Foundation reported a distributable amount of $258K for 2024 — the minimum it must pay out in qualifying distributions.
About Karen & Rick Hargrove Foundation
Based on IRS filings
Karen & Rick Hargrove Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in LA SELVA BEACH, CA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $6.0M in total assets. In 2024, it awarded 4 grants totaling $1.9M. Net investment income was $2.5M.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $5,989,051 | $6,238,104 | $5,659,019 |
| Revenue | $2,455,729 | $665,519 | $347,708 |
| Expenses | $1,861,666 | $1,105,003 | $826,739 |
| Qualifying Distributions | $1,851,348 | $1,100,750 | $825,802 |
| Net Investment Income | $2,455,079 | $664,869 | $346,771 |
| Distributable Amount | $257,636 | $262,820 | $338,663 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 4 recipients in 2024
Grant Size Distribution
22 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Navy Postgraduate School Foundation ($1,000,000), Stanford University -hoover Institu ($750,000), Boys Girls Clubs of Monterey ($69,098).
| Recipient | Purpose | Amount |
|---|---|---|
| THE SPCA FOR MONTEREY COUNTY MONTEREY, CA | ANIMAL PROTECTION | $31,500 |
| NAVY POSTGRADUATE SCHOOL FOUNDATION MONTEREY, CA | EDUCATION | $1,000,000 |
| STANFORD UNIVERSITY -HOOVER INSTITU STANFORD, CA | EDUCATION | $750,000 |
| BOYS GIRLS CLUBS OF MONTEREY SEASIDE, CA | CHILDREN SERVICES | $69,098 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| Richard Hargrove | President | 8 | — |
| Karen Hargrove | TREASURER | 8 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Karen & Rick Hargrove Foundation?
Karen & Rick Hargrove Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in LA SELVA BEACH, CA. It holds $6.0M in total assets as of 2024.
How large is Karen & Rick Hargrove Foundation?
As of 2024, Karen & Rick Hargrove Foundation holds $6.0M in total assets with $2.5M in annual revenue. It awarded 4 grants totaling $1.9M in 2024.
Where does Karen & Rick Hargrove Foundation operate?
Karen & Rick Hargrove Foundation has awarded grants in California.
What size grants does Karen & Rick Hargrove Foundation award?
In 2024, Karen & Rick Hargrove Foundation awarded 4 grants totaling $1.9M — an average of about $463K per grant, based on its IRS Form 990 filings.
How much is Karen & Rick Hargrove Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Karen & Rick Hargrove Foundation reported a distributable amount of $258K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Karen & Rick Hargrove Foundation's EIN?
Karen & Rick Hargrove Foundation's EIN (Employer Identification Number) is 77-0587271. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in Karen & Rick Hargrove 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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