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 grants totaling $10K. Net investment income was $6K.
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 grants totaling $10K. Net investment income was $6K.
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
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 |
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 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
From 2024 IRS filing
From 2024 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 grants 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 grants 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.
Explore Open Grants
Browse active grant opportunities in The Herbert M Karol Foundation's focus areas in our free grants database
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.