The Karol Fund is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in FOX POINT, WI. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $11K in total assets. In 2024, it awarded 14 grants totaling $750K. Net investment income was $295K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$11K
-90.6% YoY
Annual Giving
$750K
+194.1% YoY
Grant Count
14
+7.7% YoY
Avg Grant Size
$54K
+173.1% YoY
Under IRS private-foundation payout rules, The Karol Fund reported a distributable amount of $14K for 2024 — the minimum it must pay out in qualifying distributions.
About The Karol Fund
Based on IRS filings
The Karol Fund is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in FOX POINT, WI. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $11K in total assets. In 2024, it awarded 14 grants totaling $750K. Net investment income was $295K.
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 | $11,046 | $116,943 | $235,026 |
| Revenue | $922,696 | $154,661 | $54,492 |
| Expenses | $752,100 | $257,000 | $249,400 |
| Qualifying Distributions | $751,050 | $256,000 | $248,450 |
| Net Investment Income | $295,094 | $153,661 | $53,542 |
| Distributable Amount | $14,008 | $9,643 | $24,200 |
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
67 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include The Salesianum Trust ($250,000), The Salesianum Trust ($250,000), St Francis De Sales Seminary - Annual Appeal ($85,000).
| Recipient | Purpose | Amount |
|---|---|---|
| ARCHDIOCESE OF MILWAUKEE - LOVE ONE ANOTHER CAPITAL CAMPAIGN MILWAUKEE, WI | ANNUAL SUPPORT | $30,000 |
| ARCHDIOCESE OF MILWAUKEE - STEWARDSHIP APPEAL MILWAUKEE, WI | ANNUAL SUPPORT | $40,000 |
| DIVINE SAVIOR HOLY ANGELS - FORWARD IN FAITH CAPITAL CAMPAIGN MILWAUKEE, WI | ANNUAL SUPPORT | $20,000 |
| MILWAUKEE RESCUE MISSION MILWAUKEE, WI | ANNUAL SUPPORT | $2,500 |
| SETON CATHOLIC SCHOOLS MILWAUKEE, WI | ANNUAL SUPPORT | $25,000 |
| ST FRANCIS DE SALES SEMINARY - ANNUAL APPEAL ST FRANCIS, WI | ANNUAL SUPPORT | $85,000 |
| ST FRANCIS OF ASSISI PARISH MILWAUKEE, WI | ANNUAL SUPPORT | $2,500 |
| ST JOSEPHAT BASILICA FOUNDATION MILWAUKEE, WI | ANNUAL SUPPORT | $5,000 |
| WOMEN'S SUPPORT CENTER OF MILWAUKEE MILWAUKEE, WI | ANNUAL SUPPORT | $5,000 |
| BOSTON COLLEGE - INSTITUTE FOR ADVANCED JESUIT STUDIES CHESTNUT HILL, MA | ANNUAL SUPPORT | $25,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| EDWARD P MOONEY JR | TRUSTEE | 0.5 | — |
| BRIDIE ANN MOONEY | TRUSTEE | 0.5 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is The Karol Fund?
The Karol Fund is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in FOX POINT, WI. It holds $11K in total assets as of 2024.
How large is The Karol Fund?
As of 2024, The Karol Fund holds $11K in total assets with $923K in annual revenue. It awarded 14 grants totaling $750K in 2024.
Where does The Karol Fund operate?
The Karol Fund has awarded grants in Massachusetts, Pennsylvania, Virginia, Wisconsin.
What size grants does The Karol Fund award?
In 2024, The Karol Fund awarded 14 grants totaling $750K — an average of about $54K per grant, based on its IRS Form 990 filings.
How much is The Karol Fund required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, The Karol Fund reported a distributable amount of $14K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is The Karol Fund's EIN?
The Karol Fund's EIN (Employer Identification Number) is 20-0350673. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in The Karol Fund'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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