The Karese Foundation
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.
Key facts about The Karese Foundation
In short: The Karese Foundation gave $100K across 2 grants in 2023 (avg $50K), mostly in Washington. Source: 2023 IRS Form 990-PF.
- EIN
- 47-5125279
- Latest 990 filing
- Form 990-PF, 2023
- Annual giving (2023)
- $100,000
- Grants made (2023)
- 2
- Average grant
- $50,000
- Median grant
- $50,000
- Total assets
- $328,790
- Primary geography
- Washington (80% of itemized 2023 grant dollars)
Data from IRS Form 990-PF, 2023; updated September 2026.
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.
How The Karese Foundation gives
- Giving grew 33% from 2020 to 2023. Method
- In 2023 it paid out 429% of its IRS minimum distribution (the 5% rule). Method
From the foundation's IRS Form 990-PF filings. Methodology.
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of all 2 itemized 2023 grant dollars.
Cities
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
| Recipient | Purpose | Amount |
|---|---|---|
| NORTHWEST CHRISTIAN SCHOOLS Colbert, WA | TEACHER SALARY INCREASE | $80,000 |
| GORDON COLLEGE Wenham, MA | UNRESTRICTED OPERATIONAL FUNDING | $20,000 |
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 |
Data update history
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2023
Leadership & Key People
Officers and directors from IRS filings
The Karese Foundation is led by Foster H. Chase Jr., President on every filing since 2020; none of the 2 officers listed in 2023 report compensation.
Officers on the 2023 filing
Foster H. Chase Jr.
President
On filings since 2020
1 hr/week
No compensation reported
Brenda Jo Chase
Treasurer
On filings since 2020
1 hr/week
No compensation reported
Data from IRS Form 990 filings, 2020–2023. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Frequently asked questions about The Karese Foundation
How much does The Karese Foundation give each year?
The Karese Foundation gave $100K across 2 grants in 2023, according to its 2023 IRS Form 990-PF.
How large is The Karese Foundation?
The Karese Foundation reported $329K in total assets on its 2023 IRS Form 990-PF. It paid out $101K in qualifying distributions that year, against a required minimum of $23K (roughly 5% of its investment assets).
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.
Where does The Karese Foundation operate?
The Karese Foundation has awarded grants in Massachusetts, Maryland, Washington.
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.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Here's the math on researching The Karese Foundation by hand.
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