Karno Foundation
Karno Foundation is a private foundation, based in Encino, CA. IRS filing data is available from 2020 through 2025. As of 2025, the organization holds $98K in total assets. In 2025, it awarded 4 grants totaling $47K.
Karno Foundation at a glance
In short: Karno Foundation gave $47K across 4 grants in 2025 (avg $12K), mostly in California. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $46,500
- -22.5% vs 2024
- Grants made (2025)
- 4
- +0.0% vs 2024
- Average grant
- $11,625
- -22.5% vs 2024
- Median grant
- $5,500
- Total assets
- $98,065
- -32.2% vs 2024
- Primary geography
- California (99% 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 Karno Foundation funds
How this funder distributes its grants
Top Recipients
Top 4 recipients in 2025
The largest 2025 recipient was USC Gould School of Law ($35K). Together the top 4 received $47K.
Grant Size Distribution
20 grants across all recorded years
The most common grant size was under $50K: 19 grants of 20 (95%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2025 grant dollars across all 4 itemized grants.
Cities
How Karno Foundation gives
- Giving held roughly steady from 2022 to 2025 (+16%). 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 2020 to 2025, annual grant giving ranged from $38K (2020) to $152K (2021). In 2025 it made 4 grants totaling $47K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| USC Gould School of Law Los Angeles, CA | Contribution | $35,000 |
| Stephen Wise Temple Los Angeles, CA | Contribution | $10,000 |
| St John's Health Foundation Los Angeles, CA | Contribution | $1,000 |
| Save the Children Foundation Fairfield, CT | Contribution | $500 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions |
|---|---|---|---|---|---|---|
| 2025 | $98,065 | — | $46,545 | $46,500 | 4 | $46,545 |
| 2024 | $144,610 | — | $60,095 | $60,000 | 4 | $60,095 |
| 2022 | $16,530 | — | $40,025 | $40,000 | 3 | $40,025 |
| 2021 | $56,555 | $10,000 | $152,135 | $152,000 | 6 | $152,135 |
| 2020 | $198,690 | $200,000 | $38,010 | $38,000 | 3 | — |
Leadership & Key People
Officers and directors from IRS filings
Karno Foundation is led by Norton S Karno, President & Director since 2025 (on filings since 2020); none of the 3 officers listed in 2025 report compensation.
Officers on the 2025 filing
Norton S Karno
President & Director
President → President & Director, 2025
On filings since 2020
No compensation reported
Cory S Sukert
Secretary & Director
Director → Secretary & Director, 2025
On filings since 2020
No compensation reported
Valerie Karno
Director
New on the 2025 filing
No compensation reported
Former officers (2)
- Former: Loretta Karno (2020–2024) — Secretary
- Former: Marty Leffler (2020–2024) — Director
Data from IRS Form 990 filings, 2020–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Frequently asked questions about Karno Foundation
How much does Karno Foundation give each year?
Karno Foundation gave $47K across 4 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $60K across 4 grants.
What is Karno Foundation's typical grant size?
Karno Foundation's median grant in 2025 was $5,500, and its average grant was $11,625, across 4 grants on its 2025 IRS Form 990-PF.
Where does Karno Foundation give grants?
Karno Foundation gives mostly in California: 99% of the grant dollars itemized on its 2025 IRS Form 990-PF went to recipients there. The most frequent recipient cities were Los Angeles, CA (3 grants).
Does Karno Foundation give general operating support?
Not in 2025: none of the 4 grants with a stated purpose on Karno Foundation's 2025 IRS Form 990-PF were described as general or operating support. Recurring purposes include "Contribution" (4 grants).
How large is Karno Foundation?
Karno Foundation reported $98K in total assets on its 2025 IRS Form 990-PF.
What is Karno Foundation's EIN?
Karno Foundation's EIN (Employer Identification Number) is 95-4148078. IRS Form 990 filing data is available on this page for 2020–2025.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(2)
When this profile's IRS filing data changed on Grantable
- Added Form 990-PF for fiscal year 2025 (received by the IRS May 13, 2026)
- IRS filings on file for fiscal years 2020–2024
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