The Karas Family Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in SEATTLE, WA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $51K in total assets. In 2024, it awarded 16 grants totaling $20K. Net investment income was $2K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$51K
-25.8% YoY
Annual Giving
$20K
-29.5% YoY
Grant Count
16
-20.0% YoY
Avg Grant Size
$1K
-11.9% YoY
Under IRS private-foundation payout rules, The Karas Family Foundation reported a distributable amount of $5K for 2024 — the minimum it must pay out in qualifying distributions.
About The Karas Family Foundation
Based on IRS filings
The Karas Family Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in SEATTLE, WA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $51K in total assets. In 2024, it awarded 16 grants totaling $20K. Net investment income was $2K.
Focus Areas
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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 | $50,785 | $68,420 | $97,639 |
| Revenue | $5,935 | $2,846 | $3,724 |
| Expenses | $23,570 | $32,065 | $28,838 |
| Qualifying Distributions | $19,798 | $28,099 | $25,371 |
| Net Investment Income | $2,163 | — | — |
| Distributable Amount | $4,985 | $5,328 | $6,281 |
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
111 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include World Central Kitchen ($3,500), Weld Seattle ($2,052), Mcf Sound Experience ($2,035).
| Recipient | Purpose | Amount |
|---|---|---|
| GREATER HOPE HARVARD, MA | CHILD WELFARE | $1,021 |
| RAVE FOUNDATION HARVARD, MA | CHILD WELFARE | $1,000 |
| MCF SOUND EXPERIENCE HARVARD, MA | EDUCATION | $2,035 |
| WELD SEATTLE HARVARD, MA | HOUSINGEDUCATION | $2,052 |
| SURFRIDER FOUNDATION HARVARD, MA | ENVIRONMENT | $829 |
| NATIONAL MULTIPLE SCHLEROSIS HARVARD, MA | MEDICAL RESEARCH | $265 |
| NORTHWEST FILM FORUM SEATTLE, WA | EDUCATION | $1,050 |
| NATIONAL MARINE LIFE CENTER HARVARD, MA | ENVIRONMENT | $1,000 |
| GREAT DOG RESCUE HARVARD, MA | ANIMAL WELFARE | $500 |
| WORLD CENTRAL KITCHEN HARVARD, MA | HUNGER | $3,500 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| LISA M FRACKIEWICZ | TRUSTEE | — | — |
| ANTHONY J KARAS | TRUSTEE | — | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is The Karas Family Foundation?
The Karas Family Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in SEATTLE, WA. It holds $51K in total assets as of 2024.
How large is The Karas Family Foundation?
As of 2024, The Karas Family Foundation holds $51K in total assets with $6K in annual revenue. It awarded 16 grants totaling $20K in 2024.
Where does The Karas Family Foundation operate?
The Karas Family Foundation has awarded grants in Alabama, California, District of Columbia, Massachusetts, North Carolina, New York, Tennessee, Texas, Vermont, Washington.
What size grants does The Karas Family Foundation award?
In 2024, The Karas Family Foundation awarded 16 grants totaling $20K — an average of about $1K per grant, based on its IRS Form 990 filings.
How much is The Karas Family Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, The Karas Family Foundation reported a distributable amount of $5K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is The Karas Family Foundation's EIN?
The Karas Family Foundation's EIN (Employer Identification Number) is 20-6611238. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in The Karas Family 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.
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