The Donald M Karp and Margery Lesnik Karp Foundation

Private foundation · Grantmaker Short Hills, NJ EIN: 22-6058166

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.

Key facts about The Donald M Karp and Margery Lesnik Karp Foundation

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.

EIN
22-6058166
Latest 990 filing
Form 990-PF, 2024
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)

Data from IRS Form 990-PF, 2024; updated September 2026.

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

—

Annual Giving

$631K

Grant Count

6

Avg Grant Size

$105K

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.

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.

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

7states

Share of 2024 grant dollars across all 6 itemized grants.

Cities

NewarkNew YorkMillburnShort HillsWhippanyLivingstonMontvilleWashingtonWest CaldwellBurlingtonMontclairPatersonRoselandTeaneckWest OrangeFlorham ParkIthicaLeavenworthMorristownMount Vernon

Giving Over Time

Total grant dollars and number of grants per year

$0$200K$400K$600K$800K25 grants2020 20 grants2021 17 grants2022 6 grants2024

From 2020 to 2024, annual grant giving ranged from $19K (2022) to $631K (2024). In 2024 it made 6 grants totaling $631K.

Grant Insights

How this funder distributes its grants

Top Recipients

Top 6 recipients in 2024

Goldman Sachs Philanthropy Fund: $459KGoldman Sachs PhilanthropyFund$459KGoldman Sachs DAF: $168KGoldman Sachs DAF$168KJewish Federation of Metrowest NJ: $3KJewish Federation of MetrowestNJ$3KJewish Family Services: $1KJewish Family Services$1KIndependent Curators International: $150Independent CuratorsInternational$150Newark Museum of Natural History: $100Newark Museum of NaturalHistory$100

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

66<$50K$50–100K1$100–250K1$250–500K$500K–1M$1–5M$5M+

The most common grant size was under $50K: 66 grants of 68 (97%).

Giving History

Grant recipients and amounts by year

RecipientPurposeAmount
Goldman Sachs Philanthropy Fund Short Hills, NJContribution to transfer to gs philanthropy fund due to foundation closing$459,368
Goldman Sachs DAF Short Hills, NJContribution to transfer to daf account due to foundation closing$167,692
Jewish Federation of Metrowest NJ Whippany, NJAid donee organization in pursuit of its tax exempt status$2,500
Jewish Family Services Livingston, NJAid donee organization in pursuit of its tax exempt status$1,000
Independent Curators International New York, NYAid donee organization in pursuit of its tax exempt status$150
Newark Museum of Natural History Newark, NJAid donee organization in pursuit of its tax exempt status$100

Financial History

Multi-year comparison from IRS filings

Revenue
Expenses
Qualifying Distributions
Net Investment Income
$0$200K$400K$600K$800K2020 2021 2022 2024
Metric202420222021
Total Assets—$601,486$561,207
Revenue$29,279$60,668$23,163
Expenses$631,854$20,389$40,759
Qualifying Distributions$630,810$19,000—
Net Investment Income$29,279$59,668$20,149
Distributable Amount$7,351$31,915$26,763

Data update history

When this profile's IRS filing data changed on Grantable

  1. IRS filings on file for fiscal years 2020–2024

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.

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