Karsten Family Foundation Inc
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.
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
Share of all 11 itemized 2024 grant dollars.
Cities
Giving Over Time
Total grant dollars and number of grants per year
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
The largest 2024 recipient was University of Houston ($30K). Together the top 10 received $54K.
Grant Size Distribution
49 grants across all recorded years
The most common grant size was under $50K: 48 grants of 49 (98%).
Giving History
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| University of Houston Houston, TX | To Provide Aid to STUDENT(S). | $30,000 |
| Amazon Smile Seattle, WA | Supporting Communitites Globally. | $7,049 |
| The Net Fort Worth Fort Worth, TX | To fight and prevent sex trafficking, and support survivors. | $6,000 |
| Justins Place Fort Worth, TX | Provides 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, TX | To target and develop social skill and emotional development through therapy. | $2,602 |
| Purmercy House Glo Trevor, WI | Supports Youth Development and Advocacy | $2,500 |
| Cwbba Fort Worth, TX | Supports beauty and barber professionals through education, networking, and business development | $1,100 |
| Birdies for Charity East Moline, IL | Helps Fund Other Nonprofits | $500 |
| TMF Austin, TX | Empowers Churches and Ministries in Texas | $500 |
| Food for the Hungry Phoenix, AZ | Provides 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
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| 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
- 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.
Here's the math on researching Karsten Family Foundation Inc by hand.
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