Karp Family Foundation
Karp Family Foundation is a private foundation, based in Saratoga Springs, NY. IRS filing data is available from 2019 through 2025. As of 2025, the organization holds $231K in total assets. In 2025, it awarded 1 grant totaling $216K. Net investment income was $239K.
Karp Family Foundation at a glance
In short: Karp Family Foundation gave $216K across 1 grant in 2025 (avg $216K), mostly in New York. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $215,756
- +36.6% vs 2024
- Grants made (2025)
- 1
- +0.0% vs 2024
- Average grant
- $215,756
- +36.6% vs 2024
- Median grant
- $215,756
- Total assets
- $231,249
- +73.0% vs 2024
- Primary geography
- New York (100% 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 Karp Family Foundation funds
How this funder distributes its grants
Grant Size Distribution
5 grants across all recorded years
The most common grant size was in the $100–250K range: 2 grants of 5 (40%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of the 2025 grant dollars on its one itemized grant.
Cities
How Karp Family Foundation gives
- Giving fell 53% from 2022 to 2025. Method
- In 2025 it paid out well above 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 2019 to 2025, annual grant giving ranged from $85K (2020) to $695K (2021). In 2025 it made 1 grant totaling $216K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| See Attached Saratoga Springs, NY | General Charitable | $215,756 |
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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 | $231,249 | $561,960 | $226,000 | $215,756 | 1 | $218,256 | $238,759 | $6,503 |
| 2024 | $133,699 | $362,364 | $163,000 | $158,000 | 1 | $160,500 | — | $6,889 |
| 2023 | $8,937 | $180,169 | $507,104 | $492,790 | 1 | $499,900 | $57,808 | $14,143 |
| 2022 | $386,032 | $384,680 | $470,540 | $460,000 | 1 | $462,250 | $382,390 | $40,917 |
| 2021 | $471,892 | $671,144 | $700,024 | $695,000 | 1 | $697,250 | $322,928 | $18,012 |
| 2020 | $500,772 | $215,410 | $90,759 | $85,000 | 1 | — | — | $17,212 |
| 2019 | $376,121 | $8,865 | $239,718 | $234,281 | 8 | — | $6,175 | $25,357 |
Under IRS private-foundation payout rules, Karp Family Foundation reported a distributable amount of $7K for 2025 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
Karp Family Foundation's 2025 filing lists 2 officers; none of the 2 officers listed in 2025 report compensation.
Officers on the 2025 filing
Jason Karp
Trustee
On filings since 2019
No compensation reported
Jessica Karp
Trustee
On filings since 2019
No compensation reported
Data from IRS Form 990 filings, 2019–2025. "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 Karp Family Foundation
How much does Karp Family Foundation give each year?
Karp Family Foundation gave $216K across 1 grant in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $158K across 1 grant.
How large is Karp Family Foundation?
Karp Family Foundation reported $231K in total assets on its 2025 IRS Form 990-PF. It paid out $218K in qualifying distributions that year, against a required minimum of $7K (roughly 5% of its investment assets).
Where does Karp Family Foundation operate?
Karp Family Foundation has awarded grants in Connecticut, Massachusetts, New York, Texas.
What is Karp Family Foundation's EIN?
Karp Family Foundation's EIN (Employer Identification Number) is 65-6457023. IRS Form 990 filing data is available on this page for 2019–2025.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(8)
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2019 (received by the IRS August 3, 2020)
- Updated Form 990-PF for fiscal year 2020 (received by the IRS October 25, 2021)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS June 16, 2022)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS May 9, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS February 21, 2024)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS March 10, 2025)
- Updated Form 990-PF for fiscal year 2025 (received by the IRS March 3, 2026)
- IRS filings on file for fiscal years 2019–2025
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