Karnell Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in PHOENIX, AZ. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $4.8M in total assets. In 2024, it awarded 18 grants totaling $155K. Net investment income was $335K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$4.8M
+7.4% YoY
Annual Giving
$155K
-24.1% YoY
Grant Count
18
-37.9% YoY
Avg Grant Size
$9K
+22.3% YoY
Under IRS private-foundation payout rules, Karnell Foundation Inc reported a distributable amount of $141K for 2024 — the minimum it must pay out in qualifying distributions.
About Karnell Foundation Inc
Based on IRS filings
Karnell Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in PHOENIX, AZ. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $4.8M in total assets. In 2024, it awarded 18 grants totaling $155K. Net investment income was $335K.
Focus Areas
Ready to take the next step with Karnell Foundation Inc?
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 | $4,848,186 | $4,512,759 | $4,784,630 |
| Revenue | $491,395 | $-66,572 | $1,721,950 |
| Expenses | $155,968 | $205,299 | $240,813 |
| Qualifying Distributions | $155,293 | $204,649 | $239,629 |
| Net Investment Income | $335,427 | $26,267 | $1,503,484 |
| Distributable Amount | $141,326 | — | — |
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
106 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include St Vincent Depaul ($25,000), Jewish National Fund ($20,000), Congregation Beth Israel ($18,000).
| Recipient | Purpose | Amount |
|---|---|---|
| CONGREGATION BETH ISRAEL SCOTTSDALE, AZ | GENERAL FUND | $18,000 |
| JEWISH NATIONAL FUND NEW YORK, NY | GENERAL FUND CONTRIBUTION FOR THE PRESERVATION OF THE PEOPLE OF ISRAEL | $20,000 |
| THE JEWISH FEDERATION SCOTTSDALE, AZ | GENERAL FUND | $15,500 |
| ST THOMAS THE APOSTLE PHOENIX, AZ | CHURCH GENERAL FUND | $10,000 |
| FLAGSTAFF FAMILY CENTER FLAGSTAFF, AZ | FEEDING THE NEEDY | $5,125 |
| GLOBAL OUTREACH UNIVERSITY PARK, FL | GENERAL FUND | $10,000 |
| AMERICAN RED CROSS PHOENIX, AZ | RELIEF FOR VICTIMS OF HURRICANE | $5,000 |
| ROMAN CATHOLIC DIOCESE OF PHOENIX PHOENIX, AZ | GENERAL FUND | $1,000 |
| ST VINCENT DEPAUL ST LOUIS, MO | ASSISTANCE WITH THE HOMELESS AND NEEDY | $25,000 |
| HOLY TRINITY CATH NEWNAN CENTER FLAGSTAFF, AZ | GENERAL FUND | $11,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| JERROLD B KARNELL | Trustee | 2 | — |
| JEAN M KARNELL | Trustee | 2 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Karnell Foundation Inc?
Karnell Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in PHOENIX, AZ. It holds $4.8M in total assets as of 2024.
How large is Karnell Foundation Inc?
As of 2024, Karnell Foundation Inc holds $4.8M in total assets with $491K in annual revenue. It awarded 18 grants totaling $155K in 2024.
Where does Karnell Foundation Inc operate?
Karnell Foundation Inc has awarded grants in Arizona, California, Colorado, District of Columbia, Florida, Illinois, Missouri, New York, Pennsylvania, Texas, Vermont.
What size grants does Karnell Foundation Inc award?
In 2024, Karnell Foundation Inc awarded 18 grants totaling $155K — an average of about $9K per grant, based on its IRS Form 990 filings.
How much is Karnell Foundation Inc required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Karnell Foundation Inc reported a distributable amount of $141K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Karnell Foundation Inc's EIN?
Karnell Foundation Inc's EIN (Employer Identification Number) is 20-8117573. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in Karnell Foundation Inc's focus areas in our free grants database
Related Funders
Similar funders by location and focus area
Running River School Inc
SEDONA, AZ
Assets
—
Grants
0
Total Given
—
Dorrance Family Foundation
SCOTTSDALE, AZ
Assets
$111.3M
Grants
78
Total Given
$5.6M
Unicorn Philanthropy Foundation
SCOTTSDALE, AZ
Assets
$72K
Grants
3
Total Given
$236K
Revelation Wellness Foundation
PHOENIX, AZ
Assets
$1.3M
Grants
3
Total Given
$40K
Dennis Evans Charitable Foundation
SCOTTSDALE, AZ
Assets
$33K
Grants
4
Total Given
$4K
Along Side Ministries Inc
PHOENIX, AZ
Assets
$1.2M
Grants
1
Total Given
$6K
Data last updated April 2026. Sourced from IRS Form 990-PF filings.
What could you do with Karnell Foundation Inc 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 Karnell Foundation Inc to a real strategy.