The Kara Foundation
The Kara Foundation is a 501(c)(3) private foundation headquartered in Libertyville, Illinois. Established in 1990, the foundation operates as a non-profit grantmaking organization serving communities across the United States. The foundation employs 3 staff members and takes an unconventional approach to philanthropy, making creative charitable grants to a variety of worthy causes across multiple charitable domains.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
—
Annual Giving
$406K
+7.0% YoY
Grant Count
15
-11.8% YoY
Avg Grant Size
$27K
+21.3% YoY
Mission & Focus Areas
The foundation is guided by its motto "Audacia et Ira" and uses its capital—both monetary and human—to provide unconventional grants and support to worthy causes in a variety of charitable domains.
Grantmaking
The Kara Foundation is a grantmaking organization that made 55 grants in 2024. Recent grants include:
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
As of December 31, 2024:
- Total Assets: $12,641,149
- Total Revenues: $866,064
- Total Expenses: $662,966
- Investment Income and Dividends: $337,662
- Staff: 3 employees
Year-over-year comparison (2024 vs. 2023): Investment income and dividends increased 106.7% from $163,377 in 2023 to $337,662 in 2024.
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | — | — | — |
| Revenue | — | — | — |
| Expenses | — | — | — |
| Qualifying Distributions | — | — | — |
| Net Investment Income | — | — | — |
| Distributable Amount | — | — | — |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
Grant Size Distribution
133 grants across all recorded years
Giving History
Grant recipients and amounts by year
No grants recorded for .
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| PATRICK S DEMOON III | CO- PRESIDENT/TREASURER | 25 | $58,897 |
| PAUL DEMOON | VICE-PRESIDENT | 25 | $60,000 |
| ANTHONY DEMOON | CO-PRESIDENT/ SECRETARY | 25 | $58,725 |
| JUDITH A DEMOON | BOARD MEMBER | 1 | — |
| PATRICK DEMOON SR | BOARD MEMBER | 1 | — |
Contact Information
Mailing Address: 1520 Artaius Parkway, #7290 Libertyville, IL 60048-7900
Email: info@thekarafoundation.org
Website: thekarafoundation.org
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Data last updated April 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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