The Karmel Family Foundation Inc
The Karmel Family Foundation Inc is a private foundation, based in Montebello, NY. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $3.7M in total assets. In 2024, it awarded 1 grant totaling $25K.
Key facts about The Karmel Family Foundation Inc
In short: The Karmel Family Foundation Inc gave $25K across 1 grant in 2024 (avg $25K), mostly in New York. Source: 2024 IRS Form 990-PF.
- EIN
- 81-4770533
- Latest 990 filing
- Form 990-PF, 2024
- Annual giving (2024)
- $25,000
- Grants made (2024)
- 1
- Average grant
- $25,000
- Median grant
- $25,000
- Total assets
- $3,664,203
- Primary geography
- New York (100% 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
$3.7M
+25.4% YoY
Annual Giving
$25K
-16.7% YoY
Grant Count
1
+0.0% YoY
Avg Grant Size
$25K
-16.7% YoY
Under IRS private-foundation payout rules, The Karmel Family Foundation Inc reported a distributable amount of $146K for 2024 — the minimum it must pay out in qualifying distributions.
How The Karmel Family Foundation Inc gives
- Giving fell 37% from 2021 to 2024. Method
- In 2024 it paid out 17% of its IRS minimum distribution (the 5% rule). Foundations have until the end of the next year to meet it. 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 the 2024 grant dollars on its one itemized grant.
States
Cities
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2024, annual grant giving ranged from $25K (2024) to $214K (2020). In 2024 it made 1 grant totaling $25K.
Grant Insights
How this funder distributes its grants
Top Recipients
Top recipient in 2024
The largest 2024 recipient was Binyan Yerushalayim ($25K).
Grant Size Distribution
6 grants across all recorded years
The most common grant size was under $50K: 5 grants of 6 (83%).
Giving History
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Binyan Yerushalayim Brooklyn, NY | Charitable | $25,000 |
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $3,664,203 | $2,921,671 | $3,023,182 |
| Revenue | $40,113 | $-85,548 | $245,059 |
| Expenses | $95,569 | $154,702 | $91,843 |
| Qualifying Distributions | $25,000 | $30,000 | $30,000 |
| Net Investment Income | — | $239,601 | $104,846 |
| Distributable Amount | $146,015 | $148,357 | $104,375 |
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 Karmel Family Foundation Inc is led by Jacob Karmel, President on every filing since 2020; none of the 3 officers listed in 2024 report compensation.
Officers on the 2024 filing
Jacob Karmel
President
On filings since 2020
1.5 hrs/week
No compensation reported
Sarah Friedman
Director
New on the 2024 filing
0.5 hrs/week
No compensation reported
Shloime Silbiger
Treasurer
On filings since 2020
1 hr/week
No compensation reported
Former officers (1)
- Former: Malka Karmel (2020–2023) — Director
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.
Frequently asked questions about The Karmel Family Foundation Inc
How much does The Karmel Family Foundation Inc give each year?
The Karmel Family Foundation Inc gave $25K across 1 grant in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $30K across 1 grant.
How large is The Karmel Family Foundation Inc?
The Karmel Family Foundation Inc reported $3.7M in total assets on its 2024 IRS Form 990-PF. It paid out $25K in qualifying distributions that year, against a required minimum of $146K (roughly 5% of its investment assets). Falling short in one year is not a violation: foundations have until the end of the next year to meet the minimum.
Where does The Karmel Family Foundation Inc operate?
The Karmel Family Foundation Inc has awarded grants in New York.
What is The Karmel Family Foundation Inc's EIN?
The Karmel Family Foundation Inc's EIN (Employer Identification Number) is 81-4770533. 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.
Here's the math on researching The Karmel Family Foundation Inc by hand.
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