The Harold and Patricia Korell Foundation
The Harold and Patricia Korell Foundation is a private foundation, based in Houston, TX. IRS filing data is available from 2019 through 2025. As of 2025, the organization holds $3.5M in total assets. In 2025, it awarded 2 grants totaling $29K. Net investment income was $23K.
Key facts about The Harold and Patricia Korell Foundation
In short: The Harold and Patricia Korell Foundation gave $29K across 2 grants in 2025 (avg $14K), mostly in Washington. Source: 2025 IRS Form 990-PF.
- EIN
- 27-1507283
- Latest 990 filing
- Form 990-PF, 2025
- Annual giving (2025)
- $28,775
- Grants made (2025)
- 2
- Average grant
- $14,388
- Median grant
- $14,388
- Total assets
- $3,516,834
- Primary geography
- Washington (96% of itemized 2025 grant dollars)
Data from IRS Form 990-PF, 2025; updated September 2026.
Financial Overview
From 2025 IRS Form 990-PF · View filing
Total Assets
$3.5M
-0.2% YoY
Annual Giving
$29K
-9.5% YoY
Grant Count
2
-33.3% YoY
Avg Grant Size
$14K
+35.7% YoY
Under IRS private-foundation payout rules, The Harold and Patricia Korell Foundation reported a distributable amount of $38K for 2025 — the minimum it must pay out in qualifying distributions.
How The Harold and Patricia Korell Foundation gives
- Giving held roughly steady from 2022 to 2025 (−8%). Method
- In 2025 it paid out 77% of its IRS minimum distribution (the 5% rule). Foundations have until the end of the next year to meet it. 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
Share of 2025 grant dollars across all 2 itemized grants.
Cities
Giving Over Time
Total grant dollars and number of grants per year
From 2019 to 2025, annual grant giving ranged from $16K (2021) to $52K (2019). In 2025 it made 2 grants totaling $29K.
Grant Insights
How this funder distributes its grants
Top Recipients
Top 2 recipients in 2025
The largest 2025 recipient was Community Cancer Fund ($28K). Together the top 2 received $29K.
Grant Size Distribution
17 grants across all recorded years
The most common grant size was under $50K: 17 grants of 17 (100%).
Giving History
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Community Cancer Fund Spokane, WA | Work with cancerorganizations toprovide patient services | $27,750 |
| Town of Greybull Wyoming Greybull, WY | Contribution togeneral fund ofmunicipality | $1,025 |
Financial History
Multi-year comparison from IRS filings
| Metric | 2025 | 2024 | 2023 |
|---|---|---|---|
| Total Assets | $3,516,834 | $3,522,298 | $3,550,641 |
| Revenue | $23,509 | $3,670 | $915 |
| Expenses | $28,973 | $32,013 | $33,285 |
| Qualifying Distributions | $28,775 | $31,800 | $32,400 |
| Net Investment Income | $23,359 | $3,470 | $915 |
| Distributable Amount | $37,510 | $31,699 | $28,901 |
Data update history
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2019 (received by the IRS March 2, 2020)
- Updated Form 990-PF for fiscal year 2020 (received by the IRS February 13, 2021)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS August 17, 2022)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS February 16, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS February 7, 2024)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS February 4, 2025)
- Updated Form 990-PF for fiscal year 2025 (received by the IRS January 29, 2026)
- IRS filings on file for fiscal years 2019–2025
Leadership & Key People
Officers and directors from IRS filings
The Harold and Patricia Korell Foundation's 2025 filing lists 3 officers; none of the 3 officers listed in 2025 report compensation.
Officers on the 2025 filing
Harold M Korell
P & Director
On filings since 2019
1 hr/week
No compensation reported
Patricia Korell
Secretary & Director
On filings since 2019
1 hr/week
No compensation reported
Roger D Goddard
Treasurer & Director
On filings since 2019
No compensation reported
Data from IRS Form 990 filings, 2019–2025. "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 Harold and Patricia Korell Foundation
How much does The Harold and Patricia Korell Foundation give each year?
The Harold and Patricia Korell Foundation gave $29K across 2 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $32K across 3 grants.
How large is The Harold and Patricia Korell Foundation?
The Harold and Patricia Korell Foundation reported $3.5M in total assets on its 2025 IRS Form 990-PF. It paid out $29K in qualifying distributions that year, against a required minimum of $38K (roughly 5% of its investment assets). Falling short in one year is not a violation: foundations have until the end of the next year to meet the minimum.
Where does The Harold and Patricia Korell Foundation operate?
The Harold and Patricia Korell Foundation has awarded grants in Colorado, Hawaii, Washington, Wyoming.
What is The Harold and Patricia Korell Foundation's EIN?
The Harold and Patricia Korell Foundation's EIN (Employer Identification Number) is 27-1507283. IRS Form 990 filing data is available on this page for 2019–2025.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Here's the math on researching The Harold and Patricia Korell Foundation by hand.
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