The Karese Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in COLBERT, WA. IRS filing data is available from 2020 through 2023. As of 2023, the organization holds $329K in total assets. In 2023, it awarded 2 grants totaling $100K. Net investment income was $7K.
Financial Overview
From 2023 IRS Form 990-PF · View filing
Total Assets
$329K
-23.5% YoY
Annual Giving
$100K
Grant Count
2
Avg Grant Size
$50K
Under IRS private-foundation payout rules, The Karese Foundation reported a distributable amount of $23K for 2023 — the minimum it must pay out in qualifying distributions.
About The Karese Foundation
Based on IRS filings
The Karese Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in COLBERT, WA. IRS filing data is available from 2020 through 2023. As of 2023, the organization holds $329K in total assets. In 2023, it awarded 2 grants totaling $100K. Net investment income was $7K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2023 | 2022 | 2021 |
|---|---|---|---|
| Total Assets | $328,790 | $429,543 | $258,050 |
| Revenue | $4,366 | $175,018 | $58,608 |
| Expenses | $105,119 | $2,980 | $129,783 |
| Qualifying Distributions | $100,534 | $175 | $129,489 |
| Net Investment Income | $7,299 | $2,347 | $8,314 |
| Distributable Amount | $23,423 | $14,922 | $12,239 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 2 recipients in 2023
Grant Size Distribution
7 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2023 grants, the largest include Northwest Christian Schools ($80,000), Gordon College ($20,000).
| Recipient | Purpose | Amount |
|---|---|---|
| GORDON COLLEGE WENHAM, MA | UNRESTRICTED OPERATIONAL FUNDING | $20,000 |
| NORTHWEST CHRISTIAN SCHOOLS COLBERT, WA | TEACHER SALARY INCREASE | $80,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2023 IRS filing
From 2023 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| BRENDA JO CHASE | Treasurer | 1 | — |
| FOSTER H CHASE JR | President | 1 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is The Karese Foundation?
The Karese Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in COLBERT, WA. It holds $329K in total assets as of 2023.
How large is The Karese Foundation?
As of 2023, The Karese Foundation holds $329K in total assets with $4K in annual revenue. It awarded 2 grants totaling $100K in 2023.
Where does The Karese Foundation operate?
The Karese Foundation has awarded grants in Massachusetts, Maryland, Washington.
What size grants does The Karese Foundation award?
In 2023, The Karese Foundation awarded 2 grants totaling $100K — an average of about $50K per grant, based on its IRS Form 990 filings.
How much is The Karese Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2023, The Karese Foundation reported a distributable amount of $23K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is The Karese Foundation's EIN?
The Karese Foundation's EIN (Employer Identification Number) is 47-5125279. IRS Form 990 filing data is available on this page for 2020–2023.
Explore Open Grants
Browse active grant opportunities in The Karese 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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