The Karp Family Foundation
The Karp Family Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in Pittsburgh, PA. IRS filing data is available from 2020 through 2024. In 2024, it awarded 7 grants totaling $161K. Net investment income was $69K.
Key facts about The Karp Family Foundation
- EIN
- 82-2432655
- Latest 990 filing
- Form 990-PF, 2024
- Annual giving (2024)
- $160,705
- Grants made (2024)
- 7
- Average grant
- $22,958
- Median grant
- $19,565
- Primary geography
- Pennsylvania (76% of itemized 2024 grant dollars)
Data from IRS Form 990-PF, 2024; updated September 2026.
Who The Karp Family Foundation funds
By grant dollars, the top recipient states for The Karp Family Foundation's 7 itemized 2024 grants were Pennsylvania (76%) and Maryland (24%). The most frequent recipient cities were Pittsburgh, PA (5 grants) and Silver Spring, MD (2 grants). 29% of grants with a stated purpose were for general or operating support.
How The Karp Family Foundation gives
- Giving fell 60% from 2021 to 2024. Method
- In 2023 it paid out well above its IRS minimum distribution (the 5% rule). Method
From the foundation's IRS Form 990-PF filings. Methodology.
Next steps with The Karp Family Foundation
- How to evaluate The Karp Family Foundation as a funder
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Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
—
-100.0% YoY
Annual Giving
$161K
-49.1% YoY
Grant Count
7
-70.8% YoY
Avg Grant Size
$23K
+74.4% YoY
About The Karp Family Foundation
Based on IRS filings
The Karp Family Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in Pittsburgh, PA. IRS filing data is available from 2020 through 2024. In 2024, it awarded 7 grants totaling $161K. Net investment income was $69K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of all 7 itemized 2024 grant dollars.
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | — | $41,175 | $41,173 |
| Revenue | $218,934 | $555,074 | $187,177 |
| Expenses | $185,462 | $328,281 | $205,044 |
| Qualifying Distributions | $181,562 | $328,076 | $200,216 |
| Net Investment Income | $68,797 | $238,306 | $74,610 |
| Distributable Amount | — | $627 | $2,643 |
Data update history
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2024
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 4 recipients in 2024
Grant Size Distribution
93 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest recipients include Upmc Hillman Cancer Center ($75,000), Children's National Medical Center ($39,130 across 2 grants), Jewish Federation of Greater Pittsburgh ($36,575 across 2 grants).
| Recipient | Purpose | Amount |
|---|---|---|
| UPMC HILLMAN CANCER CENTER Pittsburgh, PA | HANK S. KARP NEURO-ONCOLOGY FELLOWSHIP | $75,000 |
| JEWISH FEDERATION OF GREATER PITTSBURGH Pittsburgh, PA | KARP FAMILY DONOR ADVISED FUND | $36,396 |
| CHILDREN'S NATIONAL MEDICAL CENTER Silver Spring, MD | UGANDA MIRCODOCS AWARENESS OF RHEUMATIC HEART DISEASE | $19,565 |
| CHILDREN'S NATIONAL MEDICAL CENTER Silver Spring, MD | UGANDA MIRCODOCS AWARENESS OF RHEUMATIC HEART DISEASE | $19,565 |
| FRIENDSHIP CIRCLE OF PITTSBURGH Pittsburgh, PA | GENERAL OPERATIONAL SUPPORT | $5,000 |
| FRIENDSHIP CIRCLE OF PITTSBURGH Pittsburgh, PA | GENERAL OPERATIONAL SUPPORT | $5,000 |
| JEWISH FEDERATION OF GREATER PITTSBURGH Pittsburgh, PA | KARP FAMILY DONOR ADVISED FUND | $179 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
No officer or director reported compensation in the available filings.
From 2024 IRS filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| Simone F Karp | President, Secretary, Trea | 1 | — |
| Emily Perlow | Vice President | 1 | — |
| Marissa Karp | Vice President | 1 | — |
| Adam Perlow | Vice President | 1 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is The Karp Family Foundation?
The Karp Family Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in Pittsburgh, PA. It holds — in total assets as of 2024.
Where does The Karp Family Foundation operate?
The Karp Family Foundation has awarded grants in District of Columbia, Florida, Maryland, New York, Pennsylvania.
What size grants does The Karp Family Foundation award?
In 2024, The Karp Family Foundation awarded 7 grants totaling $161K — an average of about $23K per grant, based on its IRS Form 990 filings.
What is The Karp Family Foundation's EIN?
The Karp Family Foundation's EIN (Employer Identification Number) is 82-2432655. IRS Form 990 filing data is available on this page for 2020–2024.
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Data last updated September 2026. Sourced from IRS Form 990-PF filings.