The Karas Family Foundation
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.
Key facts about The Karas Family Foundation
- EIN
- 20-6611238
- Latest 990 filing
- Form 990-PF, 2024
- Annual giving (2024)
- $19,798
- Grants made (2024)
- 16
- Average grant
- $1,237
- Median grant
- $1,000
- New grantees (estimate)
- 88% first-time grantees (14 of 16, 2024)
- Total assets
- $50,785
- Primary geography
- Massachusetts (95% of itemized 2024 grant dollars)
Data from IRS Form 990-PF, 2024; updated September 2026. New grantees are estimated by matching recipient names across years (methodology).
Who The Karas Family Foundation funds
By grant dollars, the top recipient states for The Karas Family Foundation's 16 itemized 2024 grants were Massachusetts (95%) and Washington (5%). The most frequent recipient cities were Harvard, MA (14 grants). None of its 16 grants with a stated purpose were described as general or operating support. Recurring purposes include "Child Welfare" (3 grants) and "Education" (3 grants).
Is The Karas Family Foundation open to new grantees?
88%
first-time grantees, 2024
In 2024, 14 of 16 grantees (88%) were first-time recipients. First grants averaged $1K; repeat grants $1K. How we count
Medians: $1K first-time, $1K repeat.
- 6% of 2024 grantees were also funded in 2023. Method
- Giving fell 38% from 2021 to 2024. Method
- In 2024 it paid out 397% of its IRS minimum distribution (the 5% rule). Method
Estimate from itemized IRS Form 990-PF grant lists (2020–2024). Recipient names are matched across years, so a renamed or misspelled grantee can look new; grants to individuals are left out. Methodology.
Next steps with The Karas Family Foundation
- How to evaluate The Karas Family Foundation as a funder
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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
Ready to take the next step with The Karas Family Foundation?
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of all 16 itemized 2024 grant dollars.
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 |
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 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 recipients include World Central Kitchen ($3,500), Weld Seattle ($2,052), MCF Sound Experience ($2,035).
| Recipient | Purpose | Amount |
|---|---|---|
| WORLD CENTRAL KITCHEN Harvard, MA | HUNGER | $3,500 |
| WELD SEATTLE Harvard, MA | HOUSINGEDUCATION | $2,052 |
| MCF SOUND EXPERIENCE Harvard, MA | EDUCATION | $2,035 |
| FRIENDS OF THE CHILDREN BOSTON Harvard, MA | CHILD WELFARE | $2,000 |
| NORTHWEST FILM FORUM Seattle, WA | EDUCATION | $1,050 |
| UNICEF Harvard, MA | CHILD SERVICES | $1,046 |
| GREATER HOPE Harvard, MA | CHILD WELFARE | $1,021 |
| RAVE FOUNDATION Harvard, MA | CHILD WELFARE | $1,000 |
| NATIONAL MARINE LIFE CENTER Harvard, MA | ENVIRONMENT | $1,000 |
| KARAS FAMILY SCHOLARSHIP FUND (RECPIENT KENNEDY DYLEWICZ) Harvard, MA | EDUCATION | $1,000 |
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 |
|---|---|---|---|
| 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.
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Data last updated September 2026. Sourced from IRS Form 990-PF filings.