Karsten Family Foundation Inc

Private foundation · Grantmaker Fort Worth, TX EIN: 84-4036992

Karsten Family Foundation Inc is a private foundation, based in Fort Worth, TX. IRS filing data is available from 2021 through 2024. As of 2024, the organization holds $608K in total assets. In 2024, it awarded 11 grants totaling $54K.

Key facts about Karsten Family Foundation Inc

In short: Karsten Family Foundation Inc gave $54K across 11 grants in 2024 (avg $5K), mostly in Texas. 45% of 2024 grantees were new. Source: 2024 IRS Form 990-PF.

EIN
84-4036992
Latest 990 filing
Form 990-PF, 2024
Annual giving (2024)
$54,201
Grants made (2024)
11
Average grant
$4,927
Median grant
$2,500
New grantees (estimate)
45% first-time grantees (5 of 11, 2024)
Total assets
$608,084
Primary geography
Texas (81% of itemized 2024 grant dollars)

Data from IRS Form 990-PF, 2024; updated September 2026. New grantees are estimated by matching recipient names across years (methodology).

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$608K

+2.4% YoY

Annual Giving

$54K

+40.8% YoY

Grant Count

11

-21.4% YoY

Avg Grant Size

$5K

+79.2% YoY

Is Karsten Family Foundation Inc open to new grantees?

45%

first-time grantees, 2024

In 2024, 5 of 11 grantees (45%) were first-time recipients. First grants averaged $7K; repeat grants $3K. How we count

Medians: $1K first-time, $3K repeat.

  • 45% of 2024 grantees were also funded in 2023. Method
  • Giving fell 40% from 2021 to 2024. Method

Estimate from itemized grant lists in IRS Form 990-PF filings (2021–2024). Recipient names are matched across years, so a renamed or misspelled grantee can look new; grants to individuals are left out. Methodology.

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

9states

Share of all 11 itemized 2024 grant dollars.

Cities

Fort WorthPhoenixColleyvilleCypressLancasterRichardsonSeattleEast MolineEncinitasMckinneyAustinDallasHoustonKatyNew YorkRockportSugar LandTrevorWashington

Giving Over Time

Total grant dollars and number of grants per year

$0$25K$50K$75K$100K10 grants202114 grants202214 grants202311 grants2024

From 2021 to 2024, annual grant giving ranged from $38K (2023) to $90K (2021). In 2024 it made 11 grants totaling $54K.

Grant Insights

How this funder distributes its grants

Top Recipients

Top 10 recipients in 2024

University of Houston: $30KUniversity of Houston$30KAmazon Smile: $7KAmazon Smile$7KThe Net Fort Worth: $6KThe Net Fort Worth$6KJustins Place: $4KJustins Place$4KCy - Hope: $3KCy - Hope$3KPurmercy House Glo: $3KPurmercy House Glo$3KCwbba: $1KCwbba$1KBirdies for Charity: $500Birdies for Charity$500TMF: $500TMF$500Food for the Hungry: $350Food for the Hungry$350

The largest 2024 recipient was University of Houston ($30K). Together the top 10 received $54K.

Grant Size Distribution

49 grants across all recorded years

48<$50K1$50–100K$100–250K$250–500K$500K–1M$1–5M$5M+

The most common grant size was under $50K: 48 grants of 49 (98%).

Giving History

Grant recipients and amounts by year

RecipientPurposeAmount
University of Houston Houston, TXTo Provide Aid to STUDENT(S).$30,000
Amazon Smile Seattle, WASupporting Communitites Globally.$7,049
The Net Fort Worth Fort Worth, TXTo fight and prevent sex trafficking, and support survivors.$6,000
Justins Place Fort Worth, TXProvides assistance with technology and resources to help access to job and educational opportunities to help single mothers build resumes, apply for jobs and schedule interviews.$3,500
Cy - Hope Cypress, TXTo target and develop social skill and emotional development through therapy.$2,602
Purmercy House Glo Trevor, WISupports Youth Development and Advocacy$2,500
Cwbba Fort Worth, TXSupports beauty and barber professionals through education, networking, and business development$1,100
Birdies for Charity East Moline, ILHelps Fund Other Nonprofits$500
TMF Austin, TXEmpowers Churches and Ministries in Texas$500
Food for the Hungry Phoenix, AZProvides life-changing resources such as clean water, medical aid, food, equal educational opportunities to girls and boys, vocational training and empowerment in the midst of unimaginable hardships.$350

Financial History

Multi-year comparison from IRS filings

Revenue
Expenses
Qualifying Distributions
$0$25K$50K$75K$100K2021202220232024
Metric202420232022
Total Assets$608,084$594,122$494,256
Revenue$46,350$5,155$28,266
Expenses$62,790$38,492$51,659
Qualifying Distributions$54,201$38,492$51,459
Net Investment Income———
Distributable Amount———

Data update history

When this profile's IRS filing data changed on Grantable

  1. IRS filings on file for fiscal years 2021–2024

Leadership & Key People

Officers and directors from IRS filings

Karsten Family Foundation Inc is led by Thomas Karsten, President on every filing since 2021; none of the 3 officers listed in 2024 report compensation.

Officers on the 2024 filing

  • Thomas Karsten

    President

    On filings since 2021

    2 hrs/week

    No compensation reported

  • Kimberly Karsten

    Treasurer

    On filings since 2021

    1 hr/week

    No compensation reported

  • Mattie Karsten Rice

    Secretary

    On filings since 2021

    1 hr/week

    No compensation reported

Data from IRS Form 990 filings, 2021–2024. "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 Karsten Family Foundation Inc

How much does Karsten Family Foundation Inc give each year?

Karsten Family Foundation Inc gave $54K across 11 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $38K across 14 grants.

What is Karsten Family Foundation Inc's typical grant size?

Karsten Family Foundation Inc's median grant in 2024 was $2,500, and its average grant was $4,927, across 11 grants on its 2024 IRS Form 990-PF. Organizations receiving their first grant from Karsten Family Foundation Inc that year got $7K on average.

Where does Karsten Family Foundation Inc give grants?

Karsten Family Foundation Inc gives mostly in Texas: 81% of the grant dollars itemized on its 2024 IRS Form 990-PF went to recipients there. The next largest state was Washington (13%). The most frequent recipient cities were Fort Worth, TX (3 grants).

Does Karsten Family Foundation Inc give general operating support?

Not in 2024: none of the 11 grants with a stated purpose on Karsten Family Foundation Inc's 2024 IRS Form 990-PF were described as general or operating support.

Who are Karsten Family Foundation Inc's largest grantees?

Karsten Family Foundation Inc's largest 2024 grantees include University of Houston ($30,000), Amazon Smile ($7,049) and The Net Fort Worth ($6,000), according to its 2024 IRS Form 990-PF. Together they received 79% of its itemized 2024 grant dollars.

How large is Karsten Family Foundation Inc?

Karsten Family Foundation Inc reported $608K in total assets on its 2024 IRS Form 990-PF. Its revenue that year was $46K.

What is Karsten Family Foundation Inc's EIN?

Karsten Family Foundation Inc's EIN (Employer Identification Number) is 84-4036992. IRS Form 990 filing data is available on this page for 2021–2024.

Data last updated September 2026. Sourced from IRS Form 990-PF filings.

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