Karo Foundation
Karo Foundation is a private foundation, 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.
Karo Foundation at a glance
In short: Karo Foundation gave $192K across 7 grants in 2024 (avg $27K), mostly in New York. Source: 2024 IRS Form 990-PF.
- Annual giving (2024)
- $192,105
- +80.0% vs 2023
- Grants made (2024)
- 7
- -30.0% vs 2023
- Average grant
- $27,444
- +157.1% vs 2023
- Median grant
- $3,292
- Total assets
- $1,154,723
- -7.2% vs 2023
- Primary geography
- New York (98% of itemized 2024 grant dollars)
- Latest 990 filing
- Form 990-PF, 2024 View filing
Data from IRS Form 990-PF, 2024; updated September 2026.
Who Karo Foundation funds
How this funder distributes its grants
Top Recipients
Top 7 recipients in 2024
The largest 2024 recipient was NSHA ($136K). Together the top 7 received $192K.
Grant Size Distribution
55 grants across all recorded years
The most common grant size was under $50K: 50 grants of 55 (91%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2024 grant dollars across all 7 itemized grants.
States
Cities
How Karo Foundation gives
- Giving grew 127% from 2021 to 2024. Method
- In 2024 it paid out 336% of its IRS minimum distribution (the 5% rule). 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 2024, annual grant giving ranged from $85K (2021) to $192K (2024). In 2024 it made 7 grants totaling $192K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| NSHA Great Neck, NY | General Support | $135,896 |
| Various Small Donations Roslyn Heights, NY | General Support | $41,018 |
| Yaakov and Gittle Institutions Great Neck, NY | General Support | $4,110 |
| Derech ETZ Hachaim Lakewood, NJ | General Support | $3,292 |
| Shuva Israel Brooklyn, NY | General Support | $3,159 |
| Haftr Lawrence, NY | General Support | $3,130 |
| Ezrat Israel Brooklyn, NY | General Support | $1,500 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Distributable Amount |
|---|---|---|---|---|---|---|---|
| 2024 | $1,154,723 | $103,685 | $193,605 | $192,105 | 7 | $192,105 | $57,177 |
| 2023 | $1,244,643 | $45,850 | $106,754 | $106,754 | 10 | $106,754 | $60,958 |
| 2022 | $1,304,927 | $175,000 | $175,174 | $175,174 | 11 | $175,174 | $96,349 |
| 2021 | $1,305,101 | — | $85,169 | $84,669 | 11 | $84,669 | — |
| 2020 | $1,390,270 | — | $112,194 | $111,694 | 16 | — | — |
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.
Leadership & Key People
Officers and directors from IRS filings
Karo Foundation's 2024 filing lists 2 officers; none of the 2 officers listed in 2024 report compensation.
Officers on the 2024 filing
Rayi Karo
Trustee
On filings since 2020
1 hr/week
No compensation reported
Ron Karo
Trustee
On filings since 2020
1 hr/week
No compensation reported
Data from IRS Form 990 filings, 2020–2024. "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 Karo Foundation
How much does Karo Foundation give each year?
Karo Foundation gave $192K across 7 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $107K across 10 grants.
What is Karo Foundation's typical grant size?
Karo Foundation's median grant in 2024 was $3,292, and its average grant was $27,444, across 7 grants on its 2024 IRS Form 990-PF.
Where does Karo Foundation give grants?
Karo Foundation gives mostly in New York: 98% of the grant dollars itemized on its 2024 IRS Form 990-PF went to recipients there. The most frequent recipient cities were Great Neck, NY (2 grants) and Brooklyn, NY (2 grants).
Does Karo Foundation give general operating support?
Yes: 100% of Karo Foundation's 2024 grants with a stated purpose (7 of 7) were for general or operating support, per its 2024 IRS Form 990-PF.
Who are Karo Foundation's largest grantees?
Karo Foundation's largest 2024 grantees include NSHA ($135,896), Various Small Donations ($41,018) and Yaakov and Gittle Institutions ($4,110), according to its 2024 IRS Form 990-PF. Together they received 94% of its itemized 2024 grant dollars.
How large is Karo Foundation?
Karo Foundation reported $1.2M in total assets on its 2024 IRS Form 990-PF. It paid out $192K in qualifying distributions that year, against a required minimum of $57K (roughly 5% of its investment assets).
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.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(1)
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2024
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