The Karena Lee Adler Foundation
The Karena Lee Adler Foundation is a private foundation based in Wilmington, Delaware, organized as a 501(c)(3) organization. The foundation has been tax-exempt since July 2017. It operates as a grantmaking foundation focused on philanthropic giving.
Key facts about The Karena Lee Adler Foundation
- EIN
- 81-3929425
- Latest 990 filing
- Form 990-PF, 2024
- Annual giving (2024)
- $905,100
- Grants made (2024)
- 26
- Average grant
- $34,812
- Median grant
- $32,500
- Total assets
- $19,049,701
- Primary geography
- Hawaii (44% of itemized 2024 grant dollars)
Data from IRS Form 990-PF, 2024; updated September 2026.
Who The Karena Lee Adler Foundation funds
By grant dollars, the top recipient states for The Karena Lee Adler Foundation's 26 itemized 2024 grants were Hawaii (44%), California (19%) and Washington (15%). The most frequent recipient cities were Honolulu, HI (8 grants), Seattle, WA (3 grants), Ewa Beach, HI (2 grants) and Oakland, CA (2 grants). 96% of grants with a stated purpose were for general or operating support.
How The Karena Lee Adler Foundation gives
- 23% of 2024 grantees were also funded in 2023. Method
- In 2024 it paid out 98% of its IRS minimum distribution (the 5% rule). Foundations have until the end of the next year to meet it. Method
Estimate from itemized grant lists in IRS Form 990-PF filings (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 Karena Lee Adler Foundation
- How to evaluate The Karena Lee Adler Foundation as a funder
Our grant prospecting guide: read the 990-PF, check fit, and decide whether to apply.
- Draft an LOI to The Karena Lee Adler Foundation with AI
AI grant writing that drafts from your organization’s own materials, in your voice.
- Track this opportunity in a free grant tracker
A free Google Sheets or Excel template for deadlines, award terms, and reports due.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$19.0M
+1.8% YoY
Annual Giving
$905K
+295.2% YoY
Grant Count
26
+160.0% YoY
Avg Grant Size
$35K
+52.0% YoY
Under IRS private-foundation payout rules, The Karena Lee Adler Foundation reported a distributable amount of $975K for 2024 — the minimum it must pay out in qualifying distributions.
Grantmaking
The foundation distributes grants to organizations across multiple sectors. In fiscal year 2024, the foundation made charitable disbursements of $953,779, representing 90% of total expenses. The foundation reported 26 itemized grants totaling $905,100, with a median grant size of $33,000 and typical awards ranging from $2,000 to $80,000.
Grant Range
of $33,000 and typical awards ranging from $2,000 to $80,000.
Ready to take the next step with The Karena Lee Adler Foundation?
Geographic Focus
Where this funder awards grants
The foundation's grantmaking is concentrated primarily in Hawaii, California, and Washington, with additional grants to organizations in Mississippi and Washington, DC.
Grant Distribution by State
Share of all 26 itemized 2024 grant dollars.
States
Cities
Financial History
Multi-year comparison from IRS filings
Fiscal Year 2024:
- Total Assets: $19,049,701
- Total Revenue: $1,388,950
- Total Expenses: $1,059,206
- Net Income: $329,744
Revenue Sources (2024):
- Dividends: $946,022 (68.1%)
- Sales of Assets: $358,414 (25.8%)
- Interest Revenue: $73,930 (5.3%)
- Other Income: $10,584 (0.8%)
- Contributions Received: $0
Expense Breakdown (2024):
- Charitable Disbursements: $953,779 (90.0%)
- Other Expenses: $150,476
- Service Provider Expenses: $3,630
The foundation carries no debt and maintains total liabilities of $0.
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $19,049,701 | $18,719,957 | $17,682,547 |
| Revenue | $1,388,950 | $1,417,666 | $17,709,653 |
| Expenses | $1,059,206 | $380,256 | $27,106 |
| Qualifying Distributions | $953,779 | $271,637 | — |
| Net Investment Income | $1,340,928 | $712,365 | $718,193 |
| Distributable Amount | $975,165 | $936,547 | $266,363 |
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
36 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest recipients include Residential Youth Services & Empowerment ($80,000), Montessori Community School ($55,000), Battle Scarred Motorsports ($50,000).
| Recipient | Purpose | Amount |
|---|---|---|
| RESIDENTIAL YOUTH SERVICES & EMPOWERMENT Honolulu, HI | General & Unrestricted | $80,000 |
| MONTESSORI COMMUNITY SCHOOL Honolulu, HI | General & Unrestricted | $55,000 |
| BATTLE SCARRED MOTORSPORTS Biloxi, MS | General & Unrestricted | $50,000 |
| CHILD AND FAMILY SERVICE Ewa Beach, HI | General & Unrestricted | $50,000 |
| FRED FINCH YOUTH CENTER Oakland, CA | General & Unrestricted | $50,000 |
| GLOBALGIVING FOUNDATION INC Washington, DC | General & Unrestricted | $50,000 |
| WAIKIKI HEALTH Honolulu, HI | YO house on Keoniana Street in Waikiki | $50,000 |
| WAYMAKERS Irvine, CA | General & Unrestricted | $50,000 |
| YOUTHCARE Seattle, WA | General & Unrestricted | $50,000 |
| HALE KIPA INC Ewa Beach, HI | General & Unrestricted | $45,000 |
Leadership & Key People
Leadership team and compensation from IRS filings
The foundation is led by two unpaid officers and board members:
- Rebecca Aiza — Director, President, Treasurer
- Agnes Bedran — Director, Secretary, Vice President
The Karena Lee Adler Foundation is led by Rebecca I. Aiza, Director, President & Treasurer since 2022 (on filings since 2020); none of the 2 officers listed in 2024 report compensation.
Officers on the 2024 filing
Rebecca I. Aiza
Director, President & Treasurer
President & Treasurer → Director, President & Treasurer, 2022
On filings since 2020
1 hr/week
No compensation reported
Agnes Bedran
Director, Secretary & Vice President
Vice President & Secretary → Director, Secretary & Vice President, 2022
On filings since 2021
1 hr/week
No compensation reported
Data from IRS Form 990 filings, 2020–2024. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
How do I apply for a grant from The Karena Lee Adler Foundation?
The foundation distributes grants to organizations across multiple sectors. In fiscal year 2024, the foundation made charitable disbursements of $953,779, representing 90% of total expenses. The foundation reported 26 itemized grants totaling $905,100, with a median grant size of $33,000 and typical awards ranging from $2,000 to $80,000. Recent grant recipients include: • Residential Youth Services & Empowerment (Honolulu, HI) — $80,000 • Montessori Community School (Honolulu, HI) — $55,000 • B…
Where does The Karena Lee Adler Foundation make grants?
The foundation's grantmaking is concentrated primarily in Hawaii, California, and Washington, with additional grants to organizations in Mississippi and Washington, DC.
What size grants does The Karena Lee Adler Foundation award?
In 2024, The Karena Lee Adler Foundation awarded 26 grants totaling $905K — an average of about $35K per grant, based on its IRS Form 990 filings.
How much is The Karena Lee Adler Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, The Karena Lee Adler Foundation reported a distributable amount of $975K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is The Karena Lee Adler Foundation's EIN?
The Karena Lee Adler Foundation's EIN (Employer Identification Number) is 81-3929425. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in The Karena Lee Adler Foundation's focus areas in our free grants database
Similar Funders
Funders that support many of the same organizations
Bank of Hawaii Charitable Fdn
Honolulu, HI
Assets
$1.7M
Grants
40
Total Given
$1.4M
J Watumull Fund
Honolulu, HI
Assets
$12.1M
Grants
275
Total Given
$684K
Silicon Valley Community Foundation
Mountain View, CA
Assets
$12.3B
Grants
3,576
Total Given
$3.2B
Aloha United Way Inc
Honolulu, HI
Assets
$23.5M
Grants
175
Total Given
$14.0M
Joseph and Vera Zilber Family
Milwaukee, WI
Assets
—
Grants
319
Total Given
$18.8M
The Chicago Community Trust
Chicago, IL
Assets
$6.0B
Grants
3,976
Total Given
$1.4B
American Electric Power Foundation
Wilmington, DE
Assets
—
Grants
753
Total Given
$23.0M
Puget Sound Energy Foundation
Wilmington, DE
Assets
$19.6M
Grants
451
Total Given
$1.2M
First Eagle Investments Foundation
Wilmington, DE
Assets
—
Grants
389
Total Given
$1.2M
Hagerty Drivers Foundation
Wilmington, DE
Assets
—
Grants
330
Total Given
$192K
McNabb Foundation
Wilmington, DE
Assets
$4.8M
Grants
328
Total Given
$358K
Enterprise Holdings Foundation
Saint Louis, MO
Assets
—
Grants
9,499
Total Given
$73.1M
More Funders in Delaware
Data last updated September 2026. Sourced from IRS Form 990-PF filings. Research dossier generated September 2026.