Karin Larson Charitable Trust
Karin Larson Charitable Trust is a private foundation, based in Reno, NV. IRS filing data is available from 2022 through 2025. As of 2025, the organization holds $78.1M in total assets. In 2025, it awarded 5 grants totaling $4.1M. Net investment income was $6.0M.
Karin Larson Charitable Trust at a glance
In short: Karin Larson Charitable Trust gave $4.1M across 5 grants in 2025 (avg $816K), top state Minnesota. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $4,079,000
- +11.8% vs 2024
- Grants made (2025)
- 5
- +0.0% vs 2024
- Average grant
- $815,800
- +11.8% vs 2024
- Median grant
- $815,800
- Total assets
- $78,128,970
- +2.1% vs 2024
- Primary geography
- Minnesota (40% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990-PF, 2025 View filing
Data from IRS Form 990-PF, 2025; updated September 2026.
Who Karin Larson Charitable Trust funds
How this funder distributes its grants
Top Recipients
Top 5 recipients in 2025
The largest 2025 recipient was American Swedish Institute ($816K). Together the top 5 received $4.1M.
Grant Size Distribution
20 grants across all recorded years
The most common grant size was in the $250–500K range: 10 grants of 20 (50%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2025 grant dollars across all 5 itemized grants.
Cities
How Karin Larson Charitable Trust gives
- Giving grew 81% from 2022 to 2025. Method
- In 2025 it paid out 95% of its IRS minimum distribution (the 5% rule). Foundations have until the end of the next year to meet it. 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 2022 to 2025, annual grant giving ranged from $2.2M (2023) to $4.1M (2025). In 2025 it made 5 grants totaling $4.1M.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| American Swedish Institute Minneapolis, MN | General Support | $815,800 |
| Malibu Pacific Church Malibu, CA | General Support | $815,800 |
| Union Rescue Mission Los Angeles, CA | General Support | $815,800 |
| Urban Promise Ministries Camden, NJ | General Support | $815,800 |
| Converge North Central Pine River, MN | General Support | $815,800 |
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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 |
|---|---|---|---|---|---|---|---|---|
| 2025 | $78,128,970 | $6,245,167 | $4,443,861 | $4,079,000 | 5 | $4,166,875 | $6,021,420 | $4,373,004 |
| 2024 | $76,504,894 | $6,098,767 | $3,981,947 | $3,647,890 | 5 | $3,728,421 | $4,304,717 | $4,076,177 |
| 2023 | $74,426,894 | $3,376,737 | $2,488,205 | $2,172,940 | 5 | $2,248,429 | $3,097,175 | $3,666,751 |
| 2022 | $73,555,392 | $75,955,411 | $2,350,441 | $2,253,425 | 5 | $2,280,168 | $2,130,940 | $2,160,065 |
Under IRS private-foundation payout rules, Karin Larson Charitable Trust reported a distributable amount of $4.4M for 2025 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
Karin Larson Charitable Trust's only listed officer is Capital Bank Trust, Trustee on every filing since 2022 (compensated).
Officers on the 2025 filing
Capital Bank Trust
Trustee
On filings since 2022
5 hrs/week
$27K (2022) → $88K (2025)
Data from IRS Form 990 filings, 2022–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Compensation Overview
From 2025 IRS filing
The highest reported compensation on the 2025 filing was $88K, to Capital Bank Trust (Trustee).
Frequently asked questions about Karin Larson Charitable Trust
How much does Karin Larson Charitable Trust give each year?
Karin Larson Charitable Trust gave $4.1M across 5 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $3.6M across 5 grants.
What is Karin Larson Charitable Trust's typical grant size?
Karin Larson Charitable Trust's median grant in 2025 was $815,800, and its average grant was $815,800, across 5 grants on its 2025 IRS Form 990-PF.
Where does Karin Larson Charitable Trust give grants?
Karin Larson Charitable Trust's top state is Minnesota, with 40% of the grant dollars itemized on its 2025 IRS Form 990-PF. The next largest states were California (40%) and New Jersey (20%).
Does Karin Larson Charitable Trust give general operating support?
Yes: 100% of Karin Larson Charitable Trust's 2025 grants with a stated purpose (5 of 5) were for general or operating support, per its 2025 IRS Form 990-PF.
Who are Karin Larson Charitable Trust's largest grantees?
Karin Larson Charitable Trust's largest 2025 grantees include American Swedish Institute ($815,800), Malibu Pacific Church ($815,800) and Union Rescue Mission ($815,800), according to its 2025 IRS Form 990-PF. Together they received 60% of its itemized 2025 grant dollars.
How large is Karin Larson Charitable Trust?
Karin Larson Charitable Trust reported $78.1M in total assets on its 2025 IRS Form 990-PF. It paid out $4.2M in qualifying distributions that year, against a required minimum of $4.4M (roughly 5% of its investment assets). Falling short in one year is not a violation: foundations have until the end of the next year to meet the minimum.
What is Karin Larson Charitable Trust's EIN?
Karin Larson Charitable Trust's EIN (Employer Identification Number) is 87-6497953. IRS Form 990 filing data is available on this page for 2022–2025.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(5)
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2022 (received by the IRS July 10, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS May 9, 2024)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS May 13, 2025)
- Added Form 990-PF for fiscal year 2025 (received by the IRS May 11, 2026)
- IRS filings on file for fiscal years 2022–2024
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