Richard and Karen Papiese Foundation Inc
Richard and Karen Papiese Foundation Inc is a private foundation, based in Anthony, FL. IRS filing data is available from 2018 through 2024. As of 2024, the organization holds $15K in total assets. In 2024, it awarded 3 grants totaling $3K.
Richard and Karen Papiese Foundation Inc at a glance
In short: Richard and Karen Papiese Foundation Inc gave $3K across 3 grants in 2024 (avg $916.667), mostly in Kentucky. Source: 2024 IRS Form 990-PF.
- Annual giving (2024)
- $2,750
- +5.8% vs 2023
- Grants made (2024)
- 3
- -40.0% vs 2023
- Average grant
- $917
- +76.3% vs 2023
- Median grant
- $500
- Total assets
- $14,630
- -15.8% vs 2023
- Primary geography
- Kentucky (82% of itemized 2024 grant dollars)
- Latest 990 filing
- Form 990-PF, 2024 View filing
Data from IRS Form 990-PF, 2024; updated October 2026.
Who Richard and Karen Papiese Foundation Inc funds
How this funder distributes its grants
Top Recipients
Top 3 recipients in 2024
The largest 2024 recipient was New Vocations Racehorse Adoption Progrm ($2K). Together the top 3 received $3K.
Grant Size Distribution
12 grants across all recorded years
The most common grant size was under $50K: 12 grants of 12 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2024 grant dollars across all 3 itemized grants.
Cities
How Richard and Karen Papiese Foundation Inc gives
- Giving grew 588% from 2021 to 2024. Method
- In 2024 it paid out 349% 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 2021 to 2024, annual grant giving ranged from $400 (2021) to $3K (2024). In 2024 it made 3 grants totaling $3K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| New Vocations Racehorse Adoption Progrm Lexington, KY | Animal Services | $1,750 |
| Meals on Wheels Merrillville, IN | Human Services | $500 |
| Old Friends Georgetown, KY | Animal Services | $500 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Expenses | Grants paid | Grants | Qualifying Distributions | Distributable Amount |
|---|---|---|---|---|---|---|
| 2024 | $14,630 | $2,750 | $2,750 | 3 | $2,750 | $788 |
| 2023 | $17,380 | $2,600 | $2,600 | 5 | $2,600 | $920 |
| 2022 | $19,980 | $890 | $800 | 2 | $800 | $1,006 |
| 2021 | $20,870 | $400 | $400 | 2 | $400 | — |
| 2020 | $21,270 | — | — | — | — | $1,048 |
| 2018 | $21,270 | — | — | — | — | $1,048 |
Under IRS private-foundation payout rules, Richard and Karen Papiese Foundation Inc reported a distributable amount of $788 for 2024 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
Richard and Karen Papiese Foundation Inc is led by Karen Papiese, President since 2024 (on filings since 2018); none of the 4 officers listed in 2024 report compensation.
Officers on the 2024 filing
Karen Papiese
President
Vice President → President, 2024
On filings since 2018
4 hrs/week
No compensation reported
Alan Opiola
Director
On filings since 2018
4 hrs/week
No compensation reported
Frank Opiola
Director
On filings since 2018
4 hrs/week
No compensation reported
Jeanine Zajeski
Secretary & Director
On filings since 2018
4 hrs/week
No compensation reported
Former officers (1)
- Former: Richard Papiese (2018–2023) — Presiident
Data from IRS Form 990 filings, 2018–2024. "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 Richard and Karen Papiese Foundation Inc
How much does Richard and Karen Papiese Foundation Inc give each year?
Richard and Karen Papiese Foundation Inc gave $3K across 3 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $3K across 5 grants.
What is Richard and Karen Papiese Foundation Inc's typical grant size?
Richard and Karen Papiese Foundation Inc's median grant in 2024 was $500, and its average grant was $917, across 3 grants on its 2024 IRS Form 990-PF.
Where does Richard and Karen Papiese Foundation Inc give grants?
Richard and Karen Papiese Foundation Inc gives mostly in Kentucky: 82% of the grant dollars itemized on its 2024 IRS Form 990-PF went to recipients there. The next largest state was Indiana (18%).
Does Richard and Karen Papiese Foundation Inc give general operating support?
Not in 2024: none of the 3 grants with a stated purpose on Richard and Karen Papiese Foundation Inc's 2024 IRS Form 990-PF were described as general or operating support.
How large is Richard and Karen Papiese Foundation Inc?
Richard and Karen Papiese Foundation Inc reported $15K in total assets on its 2024 IRS Form 990-PF. It paid out $3K in qualifying distributions that year, against a required minimum of $788 (roughly 5% of its investment assets).
What is Richard and Karen Papiese Foundation Inc's EIN?
Richard and Karen Papiese Foundation Inc's EIN (Employer Identification Number) is 46-2044851. IRS Form 990 filing data is available on this page for 2018–2024.
Data last updated October 2026. Sourced from IRS Form 990-PF filings.
Data update history
(7)
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2018 (received by the IRS November 11, 2019)
- Updated Form 990-PF for fiscal year 2020 (received by the IRS November 15, 2021)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS November 15, 2022)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS November 14, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS May 28, 2024)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS May 14, 2025)
- IRS filings on file for fiscal years 2018–2024
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