Michael and Ina Korek Foundation Trust

WILMINGTON, DE EIN: 77-6140213

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

-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.

Research compiled by Grantable AI from public sources. Last updated April 2026.

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

California $387K (36%)

Texas $322K (30%)

Kentucky $149K (14%)

New York $55K (5%)

District of Columbia $52K (5%)

Virginia $32K (3%)

Arizona $22K (2%)

Utah $18K (2%)

+10 more states

States

Arizona California Colorado District of Columbia Georgia Hawaii Idaho Illinois Kentucky Massachusetts Maryland New Jersey New York Oregon Tennessee Texas Utah Virginia

Cities

AlexandriaAtlantaBeavertonBerkeleyBeverly HillsBostonBurlingameChandlerChicagoCotatiCulver CityCupertinoDallasEast HamptonEmeryvilleFremontGaltHagerstownHaikuHighland

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

Revenue

Expenses

Qualifying Distributions

Net Investment Income

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

Philanthropy, Voluntarism & Grantmaking

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.