The Donald M Karp and Margery Lesnik Karp Foundation
The Donald M Karp and Margery Lesnik Karp Foundation is a private foundation, based in Short Hills, NJ. IRS filing data is available from 2020 through 2024. In 2024, it awarded 6 grants totaling $631K. Net investment income was $29K.
The Donald M Karp and Margery Lesnik Karp Foundation at a glance
In short: The Donald M Karp and Margery Lesnik Karp Foundation gave $631K across 6 grants in 2024 (avg $105K), mostly in New Jersey. Source: 2024 IRS Form 990-PF.
- Annual giving (2024)
- $630,810
- Grants made (2024)
- 6
- Average grant
- $105,135
- Median grant
- $1,750
- Primary geography
- New Jersey (100% of itemized 2024 grant dollars)
- Latest 990 filing
- Form 990-PF, 2024 View filing
Data from IRS Form 990-PF, 2024; updated September 2026.
Who The Donald M Karp and Margery Lesnik Karp Foundation funds
How this funder distributes its grants
Top Recipients
Top 6 recipients in 2024
The largest 2024 recipient was Goldman Sachs Philanthropy Fund ($459K). Together the top 6 received $631K.
Grant Size Distribution
68 grants across all recorded years
The most common grant size was under $50K: 66 grants of 68 (97%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2024 grant dollars across all 6 itemized grants.
Cities
How The Donald M Karp and Margery Lesnik Karp Foundation gives
- Giving grew 1784% from 2021 to 2024. Method
- In 2024 it paid out well above 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 2020 to 2024, annual grant giving ranged from $19K (2022) to $631K (2024). In 2024 it made 6 grants totaling $631K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Goldman Sachs Philanthropy Fund Short Hills, NJ | Contribution to transfer to gs philanthropy fund due to foundation closing | $459,368 |
| Goldman Sachs DAF Short Hills, NJ | Contribution to transfer to daf account due to foundation closing | $167,692 |
| Jewish Federation of Metrowest NJ Whippany, NJ | Aid donee organization in pursuit of its tax exempt status | $2,500 |
| Jewish Family Services Livingston, NJ | Aid donee organization in pursuit of its tax exempt status | $1,000 |
| Independent Curators International New York, NY | Aid donee organization in pursuit of its tax exempt status | $150 |
| Newark Museum of Natural History Newark, NJ | Aid donee organization in pursuit of its tax exempt status | $100 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Net Investment Income | Distributable Amount |
|---|---|---|---|---|---|---|---|---|
| 2024 | — | $29,279 | $631,854 | $630,810 | 6 | $630,810 | $29,279 | $7,351 |
| 2022 | $601,486 | $60,668 | $20,389 | $19,000 | 17 | $19,000 | $59,668 | $31,915 |
| 2021 | $561,207 | $23,163 | $40,759 | $33,477 | 20 | — | $20,149 | $26,763 |
| 2020 | $578,803 | $123,626 | $33,353 | $22,768 | 25 | — | $118,450 | $26,597 |
Under IRS private-foundation payout rules, The Donald M Karp and Margery Lesnik Karp Foundation reported a distributable amount of $7K for 2024 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
The Donald M Karp and Margery Lesnik Karp Foundation is led by Donald M. Karp, President on every filing since 2020; none of the 2 officers listed in 2024 report compensation.
Officers on the 2024 filing
Donald M. Karp
President
On filings since 2020
No compensation reported
Margery L. Karp
Secretary
On filings since 2020
No compensation reported
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.
Frequently asked questions about The Donald M Karp and Margery Lesnik Karp Foundation
How much does The Donald M Karp and Margery Lesnik Karp Foundation give each year?
The Donald M Karp and Margery Lesnik Karp Foundation gave $631K across 6 grants in 2024, according to its 2024 IRS Form 990-PF.
What is The Donald M Karp and Margery Lesnik Karp Foundation's typical grant size?
The Donald M Karp and Margery Lesnik Karp Foundation's median grant in 2024 was $1,750, and its average grant was $105,135, across 6 grants on its 2024 IRS Form 990-PF.
Where does The Donald M Karp and Margery Lesnik Karp Foundation give grants?
The Donald M Karp and Margery Lesnik Karp Foundation gives mostly in New Jersey: 100% of the grant dollars itemized on its 2024 IRS Form 990-PF went to recipients there. The most frequent recipient cities were Short Hills, NJ (2 grants).
Who are The Donald M Karp and Margery Lesnik Karp Foundation's largest grantees?
The Donald M Karp and Margery Lesnik Karp Foundation's largest 2024 grantees include Goldman Sachs Philanthropy Fund ($459,368), Goldman Sachs DAF ($167,692) and Jewish Federation of Metrowest NJ ($2,500), according to its 2024 IRS Form 990-PF.
How much is The Donald M Karp and Margery Lesnik Karp Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, The Donald M Karp and Margery Lesnik Karp Foundation reported a distributable amount of $7K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is The Donald M Karp and Margery Lesnik Karp Foundation's EIN?
The Donald M Karp and Margery Lesnik Karp Foundation's EIN (Employer Identification Number) is 22-6058166. IRS Form 990 filing data is available on this page for 2020–2024.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(1)
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2024
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