Karuna Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in SEDONA, AZ. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $2.0M in total assets. In 2024, it awarded 16 grants totaling $127K. Net investment income was $82K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$2.0M
-2.1% YoY
Annual Giving
$127K
+7.6% YoY
Grant Count
16
+0.0% YoY
Avg Grant Size
$8K
+7.6% YoY
Under IRS private-foundation payout rules, Karuna Foundation reported a distributable amount of $161K 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 SEDONA, AZ. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $2.0M in total assets. In 2024, it awarded 16 grants totaling $127K. Net investment income was $82K.
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 | $2,014,750 | $2,058,623 | $2,241,529 |
| Revenue | $134,089 | $8,552 | $174,139 |
| Expenses | $199,954 | $164,715 | $194,964 |
| Qualifying Distributions | $147,860 | $127,200 | $157,495 |
| Net Investment Income | $81,995 | $7,212 | $137,820 |
| Distributable Amount | $161,068 | $140,543 | $143,761 |
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
83 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Center for Victims of Torture ($25,000), Amnesty International Usa ($15,000), Arizona Equal Justice Foundation ($14,000).
| Recipient | Purpose | Amount |
|---|---|---|
| ACLPI PHOENIX, AZ | CHARITY | $2,000 |
| ACLU FOUNDATION OF ARIZONA PHOENIX, AZ | CHARITY | $13,000 |
| AMNESTY INTERNATIONAL USA NEW YORK, NY | CHARITY | $15,000 |
| ARIZONA EQUAL JUSTICE FOUNDATION PHOENIX, AZ | CHARITY | $14,000 |
| ASHOKA INNOVATORS FOR THE PUBLIC ARLINGTON, VA | CHARITY | $12,000 |
| CENTER FOR VICTIMS OF TORTURE ST PAUL, MN | HEALTH | $25,000 |
| CENTURION MINISTRIES PRINCETON, NJ | CHARITY | $14,000 |
| FISHER CENTER FOR ALZHEIMER'S RESEARCH NEW YORK, NY | HEALTH | $2,000 |
| FRIENDS OF THE FOREST INC SEDONA, AZ | ENVIRONMENT | $1,000 |
| KEEP SEDONA BEAUTIFUL SEDONA, AZ | ENVIRONMENT | $2,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| ANNE COWETT | SOLE DIRECTOR,PRES.,TREAS. | 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 SEDONA, AZ. It holds $2.0M in total assets as of 2024.
How large is Karuna Foundation?
As of 2024, Karuna Foundation holds $2.0M in total assets with $134K in annual revenue. It awarded 16 grants totaling $127K in 2024.
Where does Karuna Foundation operate?
Karuna Foundation has awarded grants in Arizona, California, Illinois, Massachusetts, Minnesota, New Jersey, New York, Texas, Virginia.
What size grants does Karuna Foundation award?
In 2024, Karuna Foundation awarded 16 grants totaling $127K — an average of about $8K 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 $161K 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 16-1731977. 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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