Karve Charitable Foundation Inc
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.
Karve Charitable Foundation Inc at a glance
In short: Karve Charitable Foundation Inc gave $20K across 9 grants in 2024 (avg $2K), mostly in Florida. Source: 2024 IRS Form 990-PF.
- Annual giving (2024)
- $19,758
- -19.6% vs 2023
- Grants made (2024)
- 9
- +80.0% vs 2023
- Average grant
- $2,195
- -55.3% vs 2023
- Median grant
- $500
- Total assets
- $221,116
- -6.5% vs 2023
- Primary geography
- Florida (60% of itemized 2024 grant dollars)
- Latest 990 filing
- Form 990-PF, 2024 View filing
Data from IRS Form 990-PF, 2024; updated September 2026.
Who Karve Charitable Foundation Inc funds
How this funder distributes its grants
Top Recipients
Top 9 recipients in 2024
The largest 2024 recipient was Conner Stone School ($9K). Together the top 9 received $20K.
Grant Size Distribution
32 grants across all recorded years
The most common grant size was under $50K: 32 grants of 32 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2024 grant dollars across all 9 itemized grants.
Cities
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.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2024, annual grant giving ranged from $19K (2022) to $32K (2021). In 2024 it made 9 grants totaling $20K.
Grants by year
Grant recipients and amounts by year
| 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 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Net Investment Income | Distributable Amount |
|---|---|---|---|---|---|---|---|---|
| 2024 | $221,116 | $11,244 | $26,566 | $19,758 | 9 | $19,758 | $20,712 | — |
| 2023 | $236,438 | $6,375 | $26,193 | $24,583 | 5 | — | $16,072 | — |
| 2022 | $256,256 | $8,955 | $28,463 | $18,850 | 4 | $18,850 | — | — |
| 2021 | $275,764 | $30,910 | $38,946 | $31,885 | 6 | $31,885 | $16,268 | $12,828 |
| 2020 | $283,800 | $15,069 | $34,583 | $23,761 | 8 | — | $2,333 | $13,725 |
Leadership & Key People
Officers and directors from IRS filings
Karve Charitable Foundation Inc is led by Nr Karve, President on filings since 2020 — the only officer listed, and uncompensated.
Officers on the 2024 filing
Nr Karve
President
On filings since 2020
No compensation reported
Former officers (1)
- Former: Nandkumar karve (2023) — President
Data from IRS Form 990 filings, 2020–2024. "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 Karve Charitable Foundation Inc
How much does Karve Charitable Foundation Inc give each year?
Karve Charitable Foundation Inc gave $20K across 9 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $25K across 5 grants.
What is Karve Charitable Foundation Inc's typical grant size?
Karve Charitable Foundation Inc's median grant in 2024 was $500, and its average grant was $2,195, across 9 grants on its 2024 IRS Form 990-PF.
Where does Karve Charitable Foundation Inc give grants?
Karve Charitable Foundation Inc gives mostly in Florida: 60% of the grant dollars itemized on its 2024 IRS Form 990-PF went to recipients there. The next largest state was Texas (28%). The most frequent recipient cities were Ocala, FL (3 grants).
Does Karve Charitable Foundation Inc give general operating support?
Not in 2024: none of the 9 grants with a stated purpose on Karve Charitable Foundation Inc's 2024 IRS Form 990-PF were described as general or operating support. Recurring purposes include "Donation" (8 grants).
Who are Karve Charitable Foundation Inc's largest grantees?
Karve Charitable Foundation Inc's largest 2024 grantees include Conner Stone School ($8,878), Ekal Vidyalays ($5,475) and Donations to Individuals ($2,405), according to its 2024 IRS Form 990-PF. Together they received 85% of its itemized 2024 grant dollars.
How large is Karve Charitable Foundation Inc?
Karve Charitable Foundation Inc reported $221K in total assets on its 2024 IRS Form 990-PF. Its revenue that year was $11K.
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.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(1)
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2024
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