Scot and Lance Karp Family is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in MILWAUKEE, WI. IRS filing data is available from 2022 through 2023. As of 2023, the organization holds $424K in total assets. In 2023, it awarded 20 grants totaling $99K. Net investment income was $29K.
Financial Overview
From 2023 IRS Form 990-PF · View filing
Total Assets
$424K
+24.6% YoY
Annual Giving
$99K
+40.6% YoY
Grant Count
20
+900.0% YoY
Avg Grant Size
$5K
-85.9% YoY
Under IRS private-foundation payout rules, Scot and Lance Karp Family reported a distributable amount of $26K for 2023 — the minimum it must pay out in qualifying distributions.
About Scot and Lance Karp Family
Based on IRS filings
Scot and Lance Karp Family is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in MILWAUKEE, WI. IRS filing data is available from 2022 through 2023. As of 2023, the organization holds $424K in total assets. In 2023, it awarded 20 grants totaling $99K. Net investment income was $29K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2023 | 2022 |
|---|---|---|
| Total Assets | $423,975 | $340,244 |
| Revenue | $182,667 | $148,074 |
| Expenses | $98,936 | $71,200 |
| Qualifying Distributions | $98,697 | $70,200 |
| Net Investment Income | $29,185 | $50,085 |
| Distributable Amount | $25,960 | $25,937 |
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 2023
Grant Size Distribution
22 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2023 grants, the largest include Eisenhower Medical ($52,000), Dap Health ($12,000), Palm Springs Plaza Theater ($8,333).
| Recipient | Purpose | Amount |
|---|---|---|
| ALZHEIMERS ASSOCIATION CHICAGO, IL | UNRESTRICTED GRANT IN SUPPORT OF THE ORGANIZATIOIN'S EXEMPT PURPOSE | $100 |
| DAP HEALTH PALM SPRINGS, CA | UNRESTRICTED GRANT IN SUPPORT OF THE ORGANIZATIOIN'S EXEMPT PURPOSE | $12,000 |
| EISENHOWER MEDICAL RANCHO MIRAGE, CA | UNRESTRICTED GRANT IN SUPPORT OF THE ORGANIZATIOIN'S EXEMPT PURPOSE | $52,000 |
| JEWISH FAMILY SERVICE TEANECK, NJ | UNRESTRICTED GRANT IN SUPPORT OF THE ORGANIZATIOIN'S EXEMPT PURPOSE | $3,000 |
| JEWISH FEDERATION OF PALM SPRINGS RANCHO MIRAGE, CA | UNRESTRICTED GRANT IN SUPPORT OF THE ORGANIZATIOIN'S EXEMPT PURPOSE | $5,300 |
| JNF NEW YORK, NY | UNRESTRICTED GRANT IN SUPPORT OF THE ORGANIZATIOIN'S EXEMPT PURPOSE | $1,200 |
| LEUKEMIA & LYMPHOMA SOCIETY NEW YORK, NY | UNRESTRICTED GRANT IN SUPPORT OF THE ORGANIZATIOIN'S EXEMPT PURPOSE | $100 |
| MANILOW FUND CULVER CITY, CA | UNRESTRICTED GRANT IN SUPPORT OF THE ORGANIZATIOIN'S EXEMPT PURPOSE | $2,286 |
| MCCALLUM THEATER PALM DESERT, CA | UNRESTRICTED GRANT IN SUPPORT OF THE ORGANIZATIOIN'S EXEMPT PURPOSE | $1,000 |
| MILWAUKEE JEWISH FEDERATION MILWAUKEE, WI | UNRESTRICTED GRANT IN SUPPORT OF THE ORGANIZATIOIN'S EXEMPT PURPOSE | $5,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2023 IRS filing
From 2023 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| SCOT A KARP | PRESIDENT | 1 | — |
| LANCE KARP | OFFICER | 1 | — |
| MARJORIE MARGOLIES | OFFICER | 1 | — |
| BLAINE MINTON | OFFICER | 1 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Scot and Lance Karp Family?
Scot and Lance Karp Family is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in MILWAUKEE, WI. It holds $424K in total assets as of 2023.
How large is Scot and Lance Karp Family?
As of 2023, Scot and Lance Karp Family holds $424K in total assets with $183K in annual revenue. It awarded 20 grants totaling $99K in 2023.
Where does Scot and Lance Karp Family operate?
Scot and Lance Karp Family has awarded grants in California, Illinois, Massachusetts, North Carolina, New Jersey, New York, Washington, Wisconsin.
What size grants does Scot and Lance Karp Family award?
In 2023, Scot and Lance Karp Family awarded 20 grants totaling $99K — an average of about $5K per grant, based on its IRS Form 990 filings.
How much is Scot and Lance Karp Family required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2023, Scot and Lance Karp Family reported a distributable amount of $26K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Scot and Lance Karp Family's EIN?
Scot and Lance Karp Family's EIN (Employer Identification Number) is 83-2437335. IRS Form 990 filing data is available on this page for 2022–2023.
Explore Open Grants
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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