The Karma Foundation
The Karma Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in Princeton, NJ. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $5.0M in total assets. In 2024, it awarded 19 grants totaling $222K. Net investment income was $245K.
Key facts about The Karma Foundation
In short: The Karma Foundation gave $222K across 19 grants in 2024 (avg $12K), mostly in New Jersey. Source: 2024 IRS Form 990-PF.
- EIN
- 22-3478433
- Latest 990 filing
- Form 990-PF, 2024
- Annual giving (2024)
- $221,608
- Grants made (2024)
- 19
- Average grant
- $11,664
- Median grant
- $5,000
- Total assets
- $4,988,398
- Primary geography
- New Jersey (59% of itemized 2024 grant dollars)
Data from IRS Form 990-PF, 2024; updated September 2026.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$5.0M
-2.3% YoY
Annual Giving
$222K
-17.8% YoY
Grant Count
19
-24.0% YoY
Avg Grant Size
$12K
+8.2% YoY
Under IRS private-foundation payout rules, The Karma Foundation reported a distributable amount of $344K for 2024 — the minimum it must pay out in qualifying distributions.
How The Karma Foundation gives
- 32% of 2024 grantees were also funded in 2023. Method
- Giving grew 90% from 2021 to 2024. Method
- In 2024 it paid out 103% of its IRS minimum distribution (the 5% rule). 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.
Open Grants
1 open opportunity from The Karma Foundation
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of all 19 itemized 2024 grant dollars.
States
Cities
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
61 grants across all recorded years
Giving History
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| GEORGE STREET PLAYHOUSE New Brunswick, NJ | GENERAL SUPPORT | $72,000 |
| CHILDREN'S RADIOTHON New York, NY | GENERAL SUPPORT | $32,078 |
| BILDNER CENTER - RUTGERS UNIVERSITY New Brunswick, NJ | GENERAL SUPPORT | $30,000 |
| HOMEFRONT Lawrence Township, NJ | GENERAL SUPPORT | $20,000 |
| MOMENT MAGAZINE Washinton, DC | GENERAL SUPPORT | $15,000 |
| MATAN White Plains, NY | GENERAL SUPPORT | $10,500 |
| ENTERTAINMENT COMMUNITY FUND New York, NY | GENERAL SUPPORT | $6,250 |
| ATLANTIC THEATER COMPANY New York, NY | GENERAL SUPPORT | $6,000 |
| THE PUBLIC THEATRE New York, NY | GENERAL SUPPORT | $5,500 |
| LINCOLN CENTER THEATER New York, NY | GENERAL SUPPORT | $5,000 |
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $4,988,398 | $5,103,837 | $5,278,622 |
| Revenue | $330,444 | $326,513 | $279,688 |
| Expenses | $439,623 | $506,439 | $396,855 |
| Qualifying Distributions | $355,981 | $421,532 | $314,761 |
| Net Investment Income | $245,183 | $239,851 | $243,059 |
| Distributable Amount | $344,228 | $313,922 | $349,869 |
Data update history
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2024
Leadership & Key People
Officers and directors from IRS filings
The Karma Foundation is led by Dina K. Elkins, Executive Director on every filing since 2020; 1 of 3 officers listed in 2024 is compensated.
Officers on the 2024 filing
Dina K. Elkins
Executive Director
On filings since 2020
35 hrs/week
$120K (2020) → $120K (2024)
Sharon Karmazin
President
On filings since 2020
1 hr/week
No compensation reported
Craig Karmazin
Trustee
On filings since 2020
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.
Compensation Overview
From 2024 IRS filing
Frequently asked questions about The Karma Foundation
How much does The Karma Foundation give each year?
The Karma Foundation gave $222K across 19 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $270K across 25 grants.
What is The Karma Foundation's typical grant size?
The Karma Foundation's median grant in 2024 was $5,000, and its average grant was $11,664, across 19 grants on its 2024 IRS Form 990-PF.
Where does The Karma Foundation give grants?
The Karma Foundation gives mostly in New Jersey: 59% of the grant dollars itemized on its 2024 IRS Form 990-PF went to recipients there. The next largest states were New York (34%) and District of Columbia (7%). The most frequent recipient cities were New York, NY (9 grants) and New Brunswick, NJ (4 grants).
Does The Karma Foundation give general operating support?
Yes: 100% of The Karma Foundation's 2024 grants with a stated purpose (19 of 19) were for general or operating support, per its 2024 IRS Form 990-PF.
Who are The Karma Foundation's largest grantees?
The Karma Foundation's largest 2024 grantees include George Street Playhouse ($72,000), Children's Radiothon ($32,078) and Bildner Center - Rutgers University ($30,000), according to its 2024 IRS Form 990-PF. Together they received 61% of its itemized 2024 grant dollars.
How large is The Karma Foundation?
The Karma Foundation reported $5.0M in total assets on its 2024 IRS Form 990-PF. It paid out $356K in qualifying distributions that year, against a required minimum of $344K (roughly 5% of its investment assets).
What is The Karma Foundation?
The Karma Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in Princeton, NJ. It holds $5.0M in total assets as of 2024.
What is The Karma Foundation's EIN?
The Karma Foundation's EIN (Employer Identification Number) is 22-3478433. IRS Form 990 filing data is available on this page for 2020–2024.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
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