Karo Foundation
Karo Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in ROSYLN HEIGHTS, NY. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $1.2M in total assets. In 2024, it awarded 7 grants totaling $192K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$1.2M
-7.2% YoY
Annual Giving
$192K
+80.0% YoY
Grant Count
7
-30.0% YoY
Avg Grant Size
$27K
+157.1% YoY
Under IRS private-foundation payout rules, Karo Foundation reported a distributable amount of $57K for 2024 — the minimum it must pay out in qualifying distributions.
About Karo Foundation
Based on IRS filings
Karo Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in ROSYLN HEIGHTS, NY. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $1.2M in total assets. In 2024, it awarded 7 grants totaling $192K.
Focus Areas
Ready to take the next step with Karo Foundation?
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 | $1,154,723 | $1,244,643 | $1,304,927 |
| Revenue | $103,685 | $45,850 | $175,000 |
| Expenses | $193,605 | $106,754 | $175,174 |
| Qualifying Distributions | $192,105 | $106,754 | $175,174 |
| Net Investment Income | — | — | — |
| Distributable Amount | $57,177 | $60,958 | $96,349 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 7 recipients in 2024
Grant Size Distribution
55 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Nsha ($135,896), Various Small Donations ($41,018), Yaakov and Gittle Institutions ($4,110).
| Recipient | Purpose | Amount |
|---|---|---|
| DERECH ETZ HACHAIM LAKEWOOD, NJ | GENERAL SUPPORT | $3,292 |
| EZRAT ISRAEL BROOKLYN, NY | GENERAL SUPPORT | $1,500 |
| NSHA GREAT NECK, NY | GENERAL SUPPORT | $135,896 |
| SHUVA ISRAEL BROOKLYN, NY | GENERAL SUPPORT | $3,159 |
| VARIOUS SMALL DONATIONS ROSLYN HEIGHTS, NY | GENERAL SUPPORT | $41,018 |
| YAAKOV AND GITTLE INSTITUTIONS GREAT NECK, NY | GENERAL SUPPORT | $4,110 |
| HAFTR LAWRENCE, NY | GENERAL SUPPORT | $3,130 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| RON KARO | TRUSTEE | 1 | — |
| RAYI KARO | TRUSTEE | 1 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Karo Foundation?
Karo Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in ROSYLN HEIGHTS, NY. It holds $1.2M in total assets as of 2024.
How large is Karo Foundation?
As of 2024, Karo Foundation holds $1.2M in total assets with $104K in annual revenue. It awarded 7 grants totaling $192K in 2024.
Where does Karo Foundation operate?
Karo Foundation has awarded grants in New Jersey, New York.
What size grants does Karo Foundation award?
In 2024, Karo Foundation awarded 7 grants totaling $192K — an average of about $27K per grant, based on its IRS Form 990 filings.
How much is Karo Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Karo Foundation reported a distributable amount of $57K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Karo Foundation's EIN?
Karo Foundation's EIN (Employer Identification Number) is 81-5376568. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in Karo 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.