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.
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.
About The Karma Foundation
Based on IRS filings
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.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
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 |
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
Open Grants
1 open opportunity from The Karma Foundation
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include George Street Playhouse ($72,000), Children's Radiothon ($32,078), Bildner Center - Rutgers University ($30,000).
| Recipient | Purpose | Amount |
|---|---|---|
| AIDA SAN FRANSISCO, CA | GENERAL SUPPORT | $1,000 |
| ANSHE EMETH MEMORIAL TEMPLE NEW BRUNSWICK, NJ | GENERAL SUPPORT | $2,300 |
| ATLANTIC THEATER COMPANY NEW YORK, NY | GENERAL SUPPORT | $6,000 |
| BILDNER CENTER - RUTGERS UNIVERSITY NEW BRUNSWICK, NJ | GENERAL SUPPORT | $30,000 |
| CHILDREN'S RADIOTHON NEW YORK, NY | GENERAL SUPPORT | $32,078 |
| ENTERTAINMENT COMMUNITY FUND NEW YORK, NY | GENERAL SUPPORT | $6,250 |
| GEORGE STREET PLAYHOUSE NEW BRUNSWICK, NJ | GENERAL SUPPORT | $72,000 |
| HOMEFRONT LAWRENCE TOWNSHIP, NJ | GENERAL SUPPORT | $20,000 |
| LINCOLN CENTER THEATER NEW YORK, NY | GENERAL SUPPORT | $5,000 |
| MATAN WHITE PLAINS, NY | GENERAL SUPPORT | $10,500 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| SHARON KARMAZIN | PRESIDENT | 1 | — |
| DINA K ELKINS | EXECUTIVE DIRECTOR | 35 | $119,990 |
| CRAIG KARMAZIN | TRUSTEE | 1 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
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.
How large is The Karma Foundation?
As of 2024, The Karma Foundation holds $5.0M in total assets with $330K in annual revenue. It awarded 19 grants totaling $222K in 2024.
Where does The Karma Foundation operate?
The Karma Foundation has awarded grants in California, District of Columbia, Massachusetts, Maryland, New Jersey, New York, Pennsylvania, Texas, Utah, Wisconsin.
What size grants does The Karma Foundation award?
In 2024, The Karma Foundation awarded 19 grants totaling $222K — an average of about $12K per grant, based on its IRS Form 990 filings.
How much is The Karma Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, The Karma Foundation reported a distributable amount of $344K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
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.
Explore Open Grants
Browse active grant opportunities in The Karma 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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