The Karina Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in MARION, MA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $1.9M in total assets. In 2024, it awarded 13 grants totaling $117K. Net investment income was $249K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$1.9M
+4.1% YoY
Annual Giving
$117K
+2.2% YoY
Grant Count
13
+0.0% YoY
Avg Grant Size
$9K
+2.2% YoY
Under IRS private-foundation payout rules, The Karina Foundation reported a distributable amount of $135K for 2024 — the minimum it must pay out in qualifying distributions.
About The Karina Foundation
Based on IRS filings
The Karina Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in MARION, MA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $1.9M in total assets. In 2024, it awarded 13 grants totaling $117K. Net investment income was $249K.
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 | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $1,890,302 | $1,815,247 | $1,846,159 |
| Revenue | $219,085 | $108,509 | $-104,920 |
| Expenses | $144,030 | $139,421 | $186,758 |
| Qualifying Distributions | $117,070 | $114,500 | $151,035 |
| Net Investment Income | $248,949 | $157,536 | $18,279 |
| Distributable Amount | $135,404 | $118,222 | $125,469 |
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
75 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Southcoast Community Foundation ($25,000), Palestine Children's Relief Fund ($15,000), Fabretto Children's Foundation ($15,000).
| Recipient | Purpose | Amount |
|---|---|---|
| SOUTHCOAST COMMUNITY FOUNDATION NEW BEDFORD, MA | UNRESTRICTED | $25,000 |
| PALESTINE CHILDREN'S RELIEF FUND LOS ANGELES, CA | RESTRICTED | $15,000 |
| FABRETTO CHILDREN'S FOUNDATION EVANSTON, IL | UNRESTRICTED | $15,000 |
| PORTLAND TRAILS PORTLAND, ME | UNRESTRICTED | $8,000 |
| GRACE EPISCOPAL CHURCH MANCHESTER, NH | UNRESTRICTED | $5,000 |
| SOUTHCOAST HOSPITALS GROUP NORTH DARTMOUTH, MA | UNRESTRICTED | $5,000 |
| LLOYD CENTER FOR THE ENVIROMENT DARTMOUTH, MA | UNRESTRICTED | $5,000 |
| COMMUNITY NURSE HOME CARE DARTMOUTH, MA | UNRESTRICTED | $1,000 |
| THE KIRAN ANJALI PROJECT MERCER ISLAND, WA | UNRESTRICTED | $5,000 |
| OPEN WINDOW SCHOOL BELLEVUE, WA | UNRESTRICTED | $2,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| ERIC H STRAND | TRUSTEE | — | — |
| KAREN L BRAITMAYER | ADVISORY BD. | — | — |
| ERIC A BRAITMAYER | ADVISORY BD. | — | — |
| KRISTINA B HEWEY | ADVISORY BD. | — | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is The Karina Foundation?
The Karina Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in MARION, MA. It holds $1.9M in total assets as of 2024.
How large is The Karina Foundation?
As of 2024, The Karina Foundation holds $1.9M in total assets with $219K in annual revenue. It awarded 13 grants totaling $117K in 2024.
Where does The Karina Foundation operate?
The Karina Foundation has awarded grants in Arizona, California, Connecticut, Illinois, Massachusetts, Maryland, Maine, New Hampshire, Texas, Washington.
What size grants does The Karina Foundation award?
In 2024, The Karina Foundation awarded 13 grants totaling $117K — an average of about $9K per grant, based on its IRS Form 990 filings.
How much is The Karina Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, The Karina Foundation reported a distributable amount of $135K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is The Karina Foundation's EIN?
The Karina Foundation's EIN (Employer Identification Number) is 81-4024541. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in The Karina 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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