Karve Charitable Foundation Inc

Foundation · Grantmaker Ocala, FL EIN: 59-2849765

Karve Charitable Foundation Inc is a private foundation, based in Ocala, FL. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $221K in total assets. In 2024, it awarded 9 grants totaling $20K. Net investment income was $21K.

Key facts about Karve Charitable Foundation Inc

EIN: 59-2849765
Latest 990 filing: Form 990-PF, 2024
Annual giving (2024): $19,758
Grants made (2024): 9
Average grant: $2,195
Median grant: $500
Total assets: $221,116
Primary geography: Florida (60% of itemized 2024 grant dollars)

Data from IRS Form 990-PF, 2024; updated September 2026.

Who Karve Charitable Foundation Inc funds

By grant dollars, the top recipient states for Karve Charitable Foundation Inc's 9 itemized 2024 grants were Florida (60%) and Texas (28%). The most frequent recipient cities were Ocala, FL (3 grants). None of its 9 grants with a stated purpose were described as general or operating support. Recurring purposes include "Donation" (8 grants).

How Karve Charitable Foundation Inc gives

Giving fell 38% from 2021 to 2024. Method
In 2021 it paid out 249% of its IRS minimum distribution (the 5% rule). Method

From the foundation's IRS Form 990-PF filings. Methodology.

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Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$221K

-6.5% YoY

Annual Giving

$20K

-19.6% YoY

Grant Count

+80.0% YoY

Avg Grant Size

$2K

-55.3% YoY

About Karve Charitable Foundation Inc

Based on IRS filings

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

Florida $12K (60%)

Texas $5K (28%)

Kansas $500 (3%)

Georgia $500 (3%)

Tennessee $500 (3%)

All other $1K (5%)

Share of all 9 itemized 2024 grant dollars.

States

District of Columbia Florida Georgia Kansas Maryland South Dakota Tennessee Texas

Cities

OcalaAmericusChamberlainHagerstownHoustonMemphisTopekaWashington

Financial History

Multi-year comparison from IRS filings

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2024	2023	2022
Total Assets	$221,116	$236,438	$256,256
Revenue	$11,244	$6,375	$8,955
Expenses	$26,566	$26,193	$28,463
Qualifying Distributions	$19,758	—	$18,850
Net Investment Income	$20,712	$16,072	—
Distributable Amount	—	—	—

Data update history

When this profile's IRS filing data changed on Grantable

March 1, 2026 IRS filings on file for fiscal years 2020–2024

Giving Over Time

Total grant dollars and number of grants per year

Grant Insights

How this funder distributes its grants

Top Recipients

Top 9 recipients in 2024

Grant Size Distribution

32 grants across all recorded years

Giving History

Grant recipients and amounts by year

Among its reported 2024 grants, the largest recipients include Conner Stone School ($8,878), Ekal Vidyalays ($5,475), Donations to Individuals ($2,405).

Recipient	Purpose	Amount
CONNER STONE SCHOOL Ocala, FL	DONATION	$8,878
EKAL VIDYALAYS Houston, TX	DONATION	$5,475
DONATIONS TO INDIVIDUALS Ocala, FL	DONATIONS	$2,405
SHRINERS CHILDREN Topeka, KS	DONATION	$500
HABITAT FOR HUMANITY Americus, GA	DONATION	$500
ST JUDE Memphis, TN	DONATION	$500
DOCTORS WITHOUT BORDERS Hagerstown, MD	DONATION	$500
ST JOSEPH'S INDIAN SCHOOL Chamberlain, SD	DONATION	$500
GOODWILL Ocala, FL	DONATION	$500

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

No officer or director reported compensation in the available filings.

From 2024 IRS filing

Name	Title	Hours	Compensation
NR Karve	President	—	—

Frequently Asked Questions

How large is Karve Charitable Foundation Inc?

As of 2024, Karve Charitable Foundation Inc holds $221K in total assets with $11K in annual revenue. It awarded 9 grants totaling $20K in 2024.

Where does Karve Charitable Foundation Inc operate?

Karve Charitable Foundation Inc has awarded grants in District of Columbia, Florida, Georgia, Kansas, Maryland, South Dakota, Tennessee, Texas.

What size grants does Karve Charitable Foundation Inc award?

In 2024, Karve Charitable Foundation Inc awarded 9 grants totaling $20K — an average of about $2K per grant, based on its IRS Form 990 filings.

What is Karve Charitable Foundation Inc's EIN?

Karve Charitable Foundation Inc's EIN (Employer Identification Number) is 59-2849765. IRS Form 990 filing data is available on this page for 2020–2024.