Karyae Benevolent Foundation
Karyae Benevolent Foundation is a private foundation based in Charlotte, North Carolina. Its 2024 filing describes direct charitable activity that includes assistance for indigent families and individuals with medical needs or disabilities, as well as scholarships for eligible individuals.
Key facts about Karyae Benevolent Foundation
In short: Karyae Benevolent Foundation gave $19K across 18 grants in 2024 (avg $1K), mostly in North Carolina. Source: 2024 IRS Form 990-PF.
- EIN
- 56-6058576
- Latest 990 filing
- Form 990-PF, 2024
- Annual giving (2024)
- $18,801
- Grants made (2024)
- 18
- Average grant
- $1,045
- Median grant
- $1,090
- Total assets
- $470,775
- Primary geography
- North Carolina (71% of itemized 2024 grant dollars)
- Accepts unsolicited proposals
- No
- How to apply
- The foundation does not accept unsolicited requests for funds; it states that contributions go only to preselected charitable organizations. Full details ↓
Data from IRS Form 990-PF, 2024; updated September 2026. Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$471K
-0.8% YoY
Annual Giving
$19K
+2.2% YoY
Grant Count
18
+0.0% YoY
Avg Grant Size
$1K
+2.2% YoY
Under IRS private-foundation payout rules, Karyae Benevolent Foundation reported a distributable amount of $24K for 2024 — the minimum it must pay out in qualifying distributions.
How Karyae Benevolent Foundation gives
- Giving grew 71% from 2021 to 2024. Method
- In 2024 it paid out 103% of its IRS minimum distribution (the 5% rule). Method
From the foundation's IRS Form 990-PF filings. Methodology.
Mission & Focus Areas
No mission statement is provided. The foundation’s 2024 filing describes direct charitable activity involving assistance to indigent families and individuals with medical needs or disabilities, and scholarships for eligible individuals.
Grantmaking
In 2024, the foundation reported 18 grants totaling $18,801. Grants ranged from $271 to $1,090, with a median of $1,090. The listed largest grants were $1,090 each and were for educational scholarships. Recipients included George Todd Manni of Concord, North Carolina; Kelsey Diatzikis of Apex, North Carolina; Theodore George Karres of Charlotte, North Carolina; Maria Alexa Mahairas of Waxhaw, North Carolina; Peter Athanailos of Glen Oaks, New York; and John M Palios of Tampa, Florida.
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Geographic Focus
Where this funder awards grants
In 2024, 71% of grant dollars went to recipients in North Carolina. The remaining listed shares were New York, Florida, Washington, and Alabama, at 6% each.
Grant Distribution by State
Share of 2024 grant dollars across all 18 itemized grants.
Cities
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2024, annual grant giving ranged from $11K (2020) to $19K (2024). In 2024 it made 18 grants totaling $19K.
Grant Insights
How this funder distributes its grants
Top Recipients
Top recipient in 2024
The largest 2024 recipient was Holy Trinity Greek Orthodox Church ($271).
Organizations only. It also paid 17 individual scholarships ($18,530), which are not listed by name.
Grant Size Distribution
79 grants across all recorded years
The most common grant size was under $50K: 79 grants of 79 (100%).
Giving History
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| 17 individual scholarships Recipients not named | — | $18,530 |
| Holy Trinity Greek Orthodox Church Charlotte, NC | Religious Contribution | $271 |
Financial History
Multi-year comparison from IRS filings
| Filing year | Assets | Revenue | Expenses | Grants |
|---|---|---|---|---|
| 2024 | $470,775 | $21,336 | $25,003 | $18,801 (18 grants) |
| 2023 | $474,442 | $19,999 | $24,070 | $18,400 (18 grants) |
| 2022 | $478,513 | $111,687 | $22,819 | $17,200 (12 grants) |
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $470,775 | $474,442 | $478,513 |
| Revenue | $21,336 | $19,999 | $111,687 |
| Expenses | $25,003 | $24,070 | $22,819 |
| Qualifying Distributions | $25,003 | $24,070 | $22,819 |
| Net Investment Income | $21,506 | $20,651 | $13,505 |
| Distributable Amount | $24,167 | $24,490 | $22,909 |
Data update history
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2024
Leadership & Key People
Leadership team and compensation from IRS filings
The 2024 filing lists Elaine Vastis Conti as president, Angelo Mergelos as treasurer, Jamie Tsoulos Jones as vice president, and Helen Moffat as secretary.
Karyae Benevolent Foundation is led by Elaine Vastis Conti, President since 2023 (on filings since 2022); none of the 4 officers listed in 2024 report compensation.
Officers on the 2024 filing
Elaine Vastis Conti
President
Treasurer → President, 2023
On filings since 2022
1 hr/week
No compensation reported
Angelo Mergelos
Treasurer
President → Treasurer, 2023
On filings since 2021
1 hr/week
No compensation reported
Helen Moffat
Secretary
On filings since 2022
1 hr/week
No compensation reported
Jamie Tsoulos Jones
Vice President
On filings since 2022
1 hr/week
No compensation reported
Former officers (4)
- Former: Litsa Poulos (2020–2021) — Treasurer
- Former: Margaret Trakas (2020–2021) — Secretary
- Former: Melissa Davis (2020–2021) — Vice President
- Former: Pitsa Maheras Diatzikis (2020) — 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.
Contact
Mailing address: PO Box 561883, Charlotte, NC 28256
Phone: (980) 459-0108
Frequently asked questions about Karyae Benevolent Foundation
How much does Karyae Benevolent Foundation give each year?
Karyae Benevolent Foundation gave $19K across 18 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $18K across 18 grants.
What is Karyae Benevolent Foundation's typical grant size?
Karyae Benevolent Foundation's median grant in 2024 was $1,090, and its average grant was $1,045, across 18 grants on its 2024 IRS Form 990-PF.
Where does Karyae Benevolent Foundation give grants?
Karyae Benevolent Foundation gives mostly in North Carolina: 71% of the grant dollars itemized on its 2024 IRS Form 990-PF went to recipients there. The next largest states were New York (6%) and Florida (6%).
Does Karyae Benevolent Foundation give general operating support?
Not in 2024: none of the 18 grants with a stated purpose on Karyae Benevolent Foundation's 2024 IRS Form 990-PF were described as general or operating support. Recurring purposes include "Educational Scholarship" (17 grants).
How large is Karyae Benevolent Foundation?
Karyae Benevolent Foundation reported $471K in total assets on its 2024 IRS Form 990-PF. It paid out $25K in qualifying distributions that year, against a required minimum of $24K (roughly 5% of its investment assets).
What does Karyae Benevolent Foundation fund?
No mission statement is provided. The foundation’s 2024 filing describes direct charitable activity involving assistance to indigent families and individuals with medical needs or disabilities, and scholarships for eligible individuals. See mission & focus areas ↑
How do I apply for a grant from Karyae Benevolent Foundation?
The foundation does not accept unsolicited requests for funds; it states that contributions go only to preselected charitable organizations. Eligibility and process details are in the grantmaking section of this profile. See how to apply ↑
What is Karyae Benevolent Foundation's EIN?
Karyae Benevolent Foundation's EIN (Employer Identification Number) is 56-6058576. IRS Form 990 filing data is available on this page for 2020–2024.
Does Karyae Benevolent Foundation accept unsolicited proposals?
No, according to Grantable's research on the foundation's published guidelines. See how to apply ↑
Data last updated September 2026. Sourced from IRS Form 990-PF filings. Research dossier generated September 2026.
Here's the math on researching Karyae Benevolent Foundation by hand.
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