Michael and Ina Korek Foundation Trust
The Michael and Ina Korek Foundation Trust is a private family foundation established in 1997 in California and currently based in Wilmington, Delaware. It operates as a 501(c)(3) organization designated for religious, educational, charitable, scientific, literary, and philanthropic purposes, with a focus on grantmaking and voluntarism.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$8.3M
-0.2% YoY
Annual Giving
$265K
-14.0% YoY
Grant Count
61
-14.1% YoY
Avg Grant Size
$4K
+0.1% YoY
Under IRS private-foundation payout rules, Michael and Ina Korek Foundation Trust reported a distributable amount of $462K for 2024 — the minimum it must pay out in qualifying distributions.
Mission & Focus Areas
The foundation's primary funding focus areas include:
- Education
- Philanthropy, Voluntarism & Grantmaking
- Human Services
- Wildlife and animal-related causes, including animal rescue and dog rescue initiatives
Grantmaking
The foundation does not accept unsolicited applications and operates on an invite-only basis.
Grant Range
$1,000–$71,500
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Geographic Focus
Where this funder awards grants
The foundation primarily funds organizations in:
- California
- District of Columbia
- Utah
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
As of 2024:
- Total assets: $8,260,127
- Total giving: $265,000
- Revenue: $531,000
- Expenses: $552,000
- Total liabilities: $0
As of 2023:
- Total assets: $8.3 million
- Total giving: $308,200
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $8,260,127 | $8,280,482 | $8,623,695 |
| Revenue | $531,269 | $227,193 | $367,362 |
| Expenses | $551,624 | $570,406 | $577,635 |
| Qualifying Distributions | $454,094 | $453,713 | $500,030 |
| Net Investment Income | $463,109 | $202,203 | $413,921 |
| Distributable Amount | $462,004 | $445,812 | $461,367 |
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
250 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Mothers Against Drunk Driving ($58,200), Kidney Cancer Association ($37,500), Nova Ukraine ($8,000).
| Recipient | Purpose | Amount |
|---|---|---|
| A SAFE PLACE OAKLAND, CA | General & Unrestricted | $2,000 |
| AIRLINK INC WASHINGTON, DC | General & Unrestricted | $3,000 |
| AMERICAN BIRD CONSERVANCY MARSHALL, VA | General & Unrestricted | $2,000 |
| ANIMAL LEGAL DEFENSE FUND COTATI, CA | General & Unrestricted | $5,000 |
| ASSOCIATION OF SMALL FOUNDATIONS WASHINGTON, DC | General & Unrestricted | $500 |
| BAT WORLD SANCTUARY WEATHERFORD, TX | General & Unrestricted | $4,000 |
| CENTER FOR BIOLOGICAL DIVERSITY INC TUCSON, AZ | General & Unrestricted | $4,000 |
| CENTER FOR DISASTER PHILANTHROPY INC WASHINGTON, DC | General & Unrestricted | $3,000 |
| CHABAD OF CALIFORNIA LOS ANGELES, CA | General & Unrestricted | $1,000 |
| CHEETAH CONSERVATION FUND ALEXANDRIA, VA | General & Unrestricted | $4,000 |
Leadership & Key People
Leadership team and compensation from IRS filings
- Brian Korek – Executive Director
- Teresa Babb – Managing Trustee
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| Teresa Babb | Managing Trustee | 25 | $60,000 |
| Brian Korek | Executive Dir | 25 | $60,000 |
| Alek Dylan Peterlin | Trustee | 1 | — |
| Brock Peterlin | Trustee | — | — |
| Brynnly Peterlin | Trustee | 1 | — |
Contact Information
Address: Foundation Source 501 Silverside Road Wilmington, DE 19809
Telephone: 800-839-1754
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What does Michael and Ina Korek Foundation Trust fund?
The foundation's primary funding focus areas include: • Education • Philanthropy, Voluntarism & Grantmaking • Human Services • Wildlife and animal-related causes, including animal rescue and dog rescue initiatives
How do I apply for a grant from Michael and Ina Korek Foundation Trust?
**Grant Activity:** • Total annual giving: $265,000–$308,200 (based on most recent filings) • Number of grants: 71 grants annually • Typical grant range: $1,000–$71,500 • Median grant amount: $2,000 • Giving rate: 3.7% of assets **Application Policy:** The foundation does not accept unsolicited applications and operates on an invite-only basis.
Where does Michael and Ina Korek Foundation Trust make grants?
The foundation primarily funds organizations in: • California • District of Columbia • Utah
What size grants does Michael and Ina Korek Foundation Trust award?
In 2024, Michael and Ina Korek Foundation Trust awarded 61 grants totaling $265K — an average of about $4K per grant, based on its IRS Form 990 filings.
How much is Michael and Ina Korek Foundation Trust required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Michael and Ina Korek Foundation Trust reported a distributable amount of $462K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Michael and Ina Korek Foundation Trust's EIN?
Michael and Ina Korek Foundation Trust's EIN (Employer Identification Number) is 77-6140213. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in Michael and Ina Korek Foundation Trust's focus areas in our free grants database
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Data last updated June 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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