Karuna Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in PORTLAND, OR. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $18.6M in total assets. In 2024, it awarded 11 grants totaling $711K. Net investment income was $898K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$18.6M
+2.8% YoY
Annual Giving
$711K
-14.3% YoY
Grant Count
11
+57.1% YoY
Avg Grant Size
$65K
-45.5% YoY
Under IRS private-foundation payout rules, Karuna Foundation reported a distributable amount of $906K for 2024 — the minimum it must pay out in qualifying distributions.
About Karuna Foundation
Based on IRS filings
Karuna Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in PORTLAND, OR. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $18.6M in total assets. In 2024, it awarded 11 grants totaling $711K. Net investment income was $898K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $18,624,945 | $18,119,973 | $17,001,832 |
| Revenue | $1,075,242 | $112,712 | $-36,218 |
| Expenses | $1,155,405 | $1,413,352 | $1,200,611 |
| Qualifying Distributions | $967,956 | $1,236,886 | $951,216 |
| Net Investment Income | $898,216 | $123,594 | $114,655 |
| Distributable Amount | $905,508 | $857,940 | $906,193 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
Grant Size Distribution
40 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Jsw Bhutan Legal Education Foundation ($265,089), International Cryosphere Climate Initiative ($100,000), Bhutan Foundation ($75,000).
| Recipient | Purpose | Amount |
|---|---|---|
| BHUTAN FOUNDATION WASHINGTON, DC | GENERAL OPERATING SUPPORT | $75,000 |
| BHUTAN FOUNDATION WASHINGTON, DC | GENERAL OPERATING FUNDS BHUTAN ECOLOGICAL SOCIETY | $54,000 |
| BHUTAN FOUNDATION WASHINGTON, DC | SMALL GRANTS PROGRAM | $25,000 |
| BHUTAN FOUNDATION WASHINGTON, DC | BHUTAN ECOLOGICAL SOCIETY GROUNDWATER MEETINGS | $21,000 |
| INTERNATIONAL CRYOSPHERE CLIMATE INITIATIVE PAWLET, VT | GENERAL OPERATING SUPPORT | $100,000 |
| JIGME SINGYE WANGCHUCK SCHOOL OF LAW | LAW LIBRARY MAINTENANCE PROGRAM | $75,000 |
| JIGME SINGYE WANGCHUCK SCHOOL OF LAW | DONATION OF KIA QL-SPORTAGE VEHICLE ON 10/27/24. VEHICLE WAS FULLY DEPRECIATED AS OF 12/31/22. FMV OF THE VEHICLE AT 10/18/24 WAS $9,578, PER KELLEY BLUE BOOK. | $9,578 |
| JSW BHUTAN LEGAL EDUCATION FOUNDATION NEW YORK, NY | JSW NEGOTIATION WORKSHOP | $5,000 |
| JSW BHUTAN LEGAL EDUCATION FOUNDATION NEW YORK, NY | SUPPORT FOR CLIMATE CHANGE INSTITUTE AT JSW SCHOOL OF LAW | $265,089 |
| LEWIS & CLARK LAW SCHOOL PORTLAND, OR | EDUCATIONAL SCHOLARSHIPS | $42,337 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| LINDSAY SKOG | EXECUTIVE DIRECTOR | 40 | $140,000 |
| ERIC LEMELSON | PRESIDENT | 4 | — |
| TOM NOVICK | SECRETARY | 2 | — |
| JENNIFER BRUML | DIRECTOR | 1 | — |
| LISA DANZIG | DIRECTOR | 1 | — |
| BRAD HARRISON | DIRECTOR | 1 | — |
| JEREMIAH LEMELSON | DIRECTOR | 1 | — |
| PATRICK MALONEY | DIRECTOR | 1 | — |
| JULIA NOVY | DIRECTOR | 1 | — |
| HOLLY PRUETT | DIRECTOR | 1 | — |
| JO ANNE WELSCH | DIRECTOR | 1 | — |
| AMY WONG | DIRECTOR | 1 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Karuna Foundation?
Karuna Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in PORTLAND, OR. It holds $18.6M in total assets as of 2024.
How large is Karuna Foundation?
As of 2024, Karuna Foundation holds $18.6M in total assets with $1.1M in annual revenue. It awarded 11 grants totaling $711K in 2024.
Where does Karuna Foundation operate?
Karuna Foundation has awarded grants in District of Columbia, New York, Oregon, Virginia, Vermont.
What size grants does Karuna Foundation award?
In 2024, Karuna Foundation awarded 11 grants totaling $711K — an average of about $65K per grant, based on its IRS Form 990 filings.
How much is Karuna Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Karuna Foundation reported a distributable amount of $906K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Karuna Foundation's EIN?
Karuna Foundation's EIN (Employer Identification Number) is 27-2831197. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in Karuna Foundation's focus areas in our free grants database
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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