The Herbert M Karol Foundation
The Herbert M Karol Foundation is a private foundation, based in Boston, MA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $68K in total assets. In 2024, it awarded 1 grant totaling $10K. Net investment income was $6K.
Key facts about The Herbert M Karol Foundation
- EIN
- 11-2725073
- Latest 990 filing
- Form 990-PF, 2024
- Annual giving (2024)
- $10,000
- Grants made (2024)
- 1
- Average grant
- $10,000
- Median grant
- $10,000
- Total assets
- $67,554
- Primary geography
- New York (100% of itemized 2024 grant dollars)
Data from IRS Form 990-PF, 2024; updated September 2026.
How The Herbert M Karol Foundation gives
- In 2024 it paid out 71% 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.
Next steps with The Herbert M Karol Foundation
- How to evaluate The Herbert M Karol Foundation as a funder
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Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$68K
-9.1% YoY
Annual Giving
$10K
-25.0% YoY
Grant Count
1
+0.0% YoY
Avg Grant Size
$10K
-25.0% YoY
Under IRS private-foundation payout rules, The Herbert M Karol Foundation reported a distributable amount of $14K for 2024 — the minimum it must pay out in qualifying distributions.
About The Herbert M Karol Foundation
Based on IRS filings
The Herbert M Karol Foundation is a private foundation, based in Boston, MA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $68K in total assets. In 2024, it awarded 1 grant totaling $10K. Net investment income was $6K.
Ready to take the next step with The Herbert M Karol Foundation?
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of all 1 itemized 2024 grant dollars.
States
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $67,554 | $74,348 | $56,934 |
| Revenue | $6,129 | $34,693 | $11,552 |
| Expenses | $12,923 | $17,279 | $18,299 |
| Qualifying Distributions | $10,000 | $13,334 | $16,666 |
| Net Investment Income | $6,129 | $34,693 | $10,052 |
| Distributable Amount | $14,084 | $11,762 | $12,273 |
Data update history
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2024
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 1 recipients in 2024
Grant Size Distribution
5 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest recipients include Play for Pink ($10,000).
| Recipient | Purpose | Amount |
|---|---|---|
| PLAY FOR PINK New York, NY | BREAST CANCER RESEARCH PLEDGE | $10,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
No officer or director reported compensation in the available filings.
From 2024 IRS filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| Steven E Karol | President | — | — |
| Joan L Karol | Chairperson | — | — |
| Jane M Karol | Secretary | — | — |
| William S Karol | Director | — | — |
| Howard Cooper | Treasurer | — | — |
| Thomas D Karol | Director | — | — |
Frequently Asked Questions
How large is The Herbert M Karol Foundation?
As of 2024, The Herbert M Karol Foundation holds $68K in total assets with $6K in annual revenue. It awarded 1 grant totaling $10K in 2024.
Where does The Herbert M Karol Foundation operate?
The Herbert M Karol Foundation has awarded grants in Florida, Massachusetts, New York.
What size grants does The Herbert M Karol Foundation award?
In 2024, The Herbert M Karol Foundation awarded 1 grant totaling $10K — an average of about $10K per grant, based on its IRS Form 990 filings.
How much is The Herbert M Karol Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, The Herbert M Karol Foundation reported a distributable amount of $14K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is The Herbert M Karol Foundation's EIN?
The Herbert M Karol Foundation's EIN (Employer Identification Number) is 11-2725073. IRS Form 990 filing data is available on this page for 2020–2024.
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Data last updated September 2026. Sourced from IRS Form 990-PF filings.