Karp Foundation Inc
Karp Foundation Inc is a private foundation, based in Santa Fe, NM. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $344 in total assets. In 2024, it awarded 3 grants totaling $35K.
Karp Foundation Inc at a glance
In short: Karp Foundation Inc gave $35K across 3 grants in 2024 (avg $12K), mostly in New Mexico. Source: 2024 IRS Form 990-PF.
- Annual giving (2024)
- $35,000
- +250.0% vs 2023
- Grants made (2024)
- 3
- +200.0% vs 2023
- Average grant
- $11,667
- +16.7% vs 2023
- Median grant
- $15,000
- Total assets
- $344
- -26.7% vs 2023
- Primary geography
- New Mexico (57% 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 Karp Foundation Inc funds
How this funder distributes its grants
Top Recipients
Top 3 recipients in 2024
The largest 2024 recipient was Cooking with Kids ($15K). Together the top 3 received $35K.
Grant Size Distribution
10 grants across all recorded years
The most common grant size was under $50K: 10 grants of 10 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2024 grant dollars across all 3 itemized grants.
States
Cities
How Karp Foundation Inc gives
- Giving grew 55% from 2021 to 2024. Method
- In 2024 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 2020 to 2024, annual grant giving ranged from $10K (2023) to $35K (2024). In 2024 it made 3 grants totaling $35K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Cooking with Kids Santa Fe, NM | Unrestricted Support | $15,000 |
| Lamb Institute Mount Pleasant, SC | Unrestricted Support | $15,000 |
| Cancer Foundation for New Mexico Santa Fe, NM | Unrestricted Support | $5,000 |
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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 |
|---|---|---|---|---|---|---|---|---|
| 2024 | $344 | $37,184 | $37,320 | $35,000 | 3 | $35,000 | — | $122 |
| 2023 | $469 | $13,620 | $13,978 | $10,000 | 1 | $10,000 | — | $57 |
| 2022 | $820 | $16,274 | $24,353 | $24,000 | 2 | $24,000 | $1,231 | $249 |
| 2021 | $9,303 | $53,817 | $24,291 | $22,535 | 3 | $22,535 | $22,307 | $138 |
| 2020 | $1,871 | $586 | $13,897 | $12,000 | 1 | — | — | $354 |
Under IRS private-foundation payout rules, Karp Foundation Inc reported a distributable amount of $122 for 2024 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
Karp Foundation Inc is led by Brad C. Karp, President on every filing since 2020; none of the 3 officers listed in 2024 report compensation.
Officers on the 2024 filing
Brad C. Karp
President
On filings since 2020
1 hr/week
No compensation reported
Melissa Butts Goertz
Director
On filings since 2020
1 hr/week
No compensation reported
Belinda Karp
Secretary & Treasurer
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 Karp Foundation Inc
How much does Karp Foundation Inc give each year?
Karp Foundation Inc gave $35K across 3 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $10K across 1 grant.
What is Karp Foundation Inc's typical grant size?
Karp Foundation Inc's median grant in 2024 was $15,000, and its average grant was $11,667, across 3 grants on its 2024 IRS Form 990-PF.
Where does Karp Foundation Inc give grants?
Karp Foundation Inc gives mostly in New Mexico: 57% of the grant dollars itemized on its 2024 IRS Form 990-PF went to recipients there. The next largest state was South Carolina (43%). The most frequent recipient cities were Santa Fe, NM (2 grants).
Does Karp Foundation Inc give general operating support?
Yes: 100% of Karp Foundation Inc's 2024 grants with a stated purpose (3 of 3) were for general or operating support, per its 2024 IRS Form 990-PF.
How large is Karp Foundation Inc?
Karp Foundation Inc reported $344 in total assets on its 2024 IRS Form 990-PF. It paid out $35K in qualifying distributions that year, against a required minimum of $122 (roughly 5% of its investment assets).
What is Karp Foundation Inc's EIN?
Karp Foundation Inc's EIN (Employer Identification Number) is 82-1951508. 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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