Karsan Family Foundation
Karsan Family Foundation is a private foundation, based in Philadelphia, PA. IRS filing data is available from 2021 through 2023. As of 2023, the organization holds $3.0M in total assets. In 2023, it awarded 4 grants totaling $65K. Net investment income was $4K.
Karsan Family Foundation at a glance
In short: Karsan Family Foundation gave $65K across 4 grants in 2023 (avg $16K), mostly in Pennsylvania. Source: 2023 IRS Form 990-PF.
- Annual giving (2023)
- $65,000
- Grants made (2023)
- 4
- Average grant
- $16,250
- Median grant
- $15,000
- Total assets
- $2,955,800
- Primary geography
- Pennsylvania (77% of itemized 2023 grant dollars)
- Latest 990 filing
- Form 990-PF, 2023 View filing
Data from IRS Form 990-PF, 2023; updated October 2026.
Who Karsan Family Foundation funds
How this funder distributes its grants
Top Recipients
Top 4 recipients in 2023
The largest 2023 recipient was The Welcoming Center ($25K). Together the top 4 received $65K.
Grant Size Distribution
8 grants across all recorded years
The most common grant size was under $50K: 7 grants of 8 (88%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2023 grant dollars across all 4 itemized grants.
Cities
How Karsan Family Foundation gives
- In 2023 it paid out 448% 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 2021 to 2023, annual grant giving ranged from $65K (2023) to $2.3M (2021). In 2023 it made 4 grants totaling $65K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| The Welcoming Center Philadelphia, PA | General Purpose | $25,000 |
| Friends of the Rail Park Philadelphia, PA | General Purpose | $15,000 |
| Institute for Humane Education Surry, ME | General Purpose | $15,000 |
| Franklin Institute Philadelphia, PA | General Purpose | $10,000 |
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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 |
|---|---|---|---|---|---|---|---|---|
| 2023 | $2,955,800 | $4,428 | $66,132 | $65,000 | 4 | $65,566 | $3,862 | $14,621 |
| 2021 | $200,278 | $396,843 | $2,289,580 | $2,289,580 | 4 | $2,289,580 | $134,738 | $69,745 |
Under IRS private-foundation payout rules, Karsan Family Foundation reported a distributable amount of $15K for 2023 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
Karsan Family Foundation is led by Nooruddin S. Karsan, President on every filing since 2021; none of the 4 officers listed in 2023 report compensation.
Officers on the 2023 filing
Nooruddin S. Karsan
President
On filings since 2021
1 hr/week
No compensation reported
David S. Kovsky
Director
On filings since 2021
1 hr/week
No compensation reported
Nyla Koncurat
Treasurer
On filings since 2021
1 hr/week
No compensation reported
Shirin Karsan
Vice President
On filings since 2021
1 hr/week
No compensation reported
Data from IRS Form 990 filings, 2021–2023. "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 Karsan Family Foundation
How much does Karsan Family Foundation give each year?
Karsan Family Foundation gave $65K across 4 grants in 2023, according to its 2023 IRS Form 990-PF.
What is Karsan Family Foundation's typical grant size?
Karsan Family Foundation's median grant in 2023 was $15,000, and its average grant was $16,250, across 4 grants on its 2023 IRS Form 990-PF.
Where does Karsan Family Foundation give grants?
Karsan Family Foundation gives mostly in Pennsylvania: 77% of the grant dollars itemized on its 2023 IRS Form 990-PF went to recipients there. The next largest state was Maine (23%). The most frequent recipient cities were Philadelphia, PA (3 grants).
Does Karsan Family Foundation give general operating support?
Yes: 100% of Karsan Family Foundation's 2023 grants with a stated purpose (4 of 4) were for general or operating support, per its 2023 IRS Form 990-PF.
How large is Karsan Family Foundation?
Karsan Family Foundation reported $3.0M in total assets on its 2023 IRS Form 990-PF. It paid out $66K in qualifying distributions that year, against a required minimum of $15K (roughly 5% of its investment assets).
What is Karsan Family Foundation's EIN?
Karsan Family Foundation's EIN (Employer Identification Number) is 46-2163447. IRS Form 990 filing data is available on this page for 2021–2023.
Data last updated October 2026. Sourced from IRS Form 990-PF filings.
Data update history
(3)
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2021 (received by the IRS November 15, 2022)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS November 15, 2024)
- IRS filings on file for fiscal years 2021–2023
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