The Karp Foundation Inc

Private foundation · Grantmaker Beverly Hills, CA EIN: 13-2621240

The Karp Foundation Inc is a private foundation, based in Beverly Hills, CA. IRS filing data is available from 2021 through 2026. As of 2026, the organization holds $2.0M in total assets. In 2026, it awarded 5 grants totaling $250K. Net investment income was $274K.

Key facts about The Karp Foundation Inc

In short: The Karp Foundation Inc gave $250K across 5 grants in 2026 (avg $50K), mostly in California. Source: 2026 IRS Form 990-PF.

EIN
13-2621240
Latest 990 filing
Form 990-PF, 2026
Annual giving (2026)
$250,000
Grants made (2026)
5
Average grant
$50,000
Median grant
$50,000
Total assets
$2,037,316
Primary geography
California (80% of itemized 2026 grant dollars)

Data from IRS Form 990-PF, 2026; updated September 2026.

Financial Overview

From 2026 IRS Form 990-PF · View filing

Total Assets

$2.0M

+1.1% YoY

Annual Giving

$250K

+10.4% YoY

Grant Count

5

-54.5% YoY

Avg Grant Size

$50K

+142.9% YoY

Under IRS private-foundation payout rules, The Karp Foundation Inc reported a distributable amount of $264K for 2026 — the minimum it must pay out in qualifying distributions.

How The Karp Foundation Inc gives

  • Giving grew 41% from 2023 to 2026. Method
  • In 2026 it paid out 95% 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

7states

Share of 2026 grant dollars across all 5 itemized grants.

Cities

Los AngelesWashingtonArlingtonNew YorkNew York CityNew HavenBeverly HillsCanoga ParkEast HamptonFairfaxHillsdaleKentNorthridgePasadenaRiversideSanta BarbaraSanta MonicaSouthamptonStanfordVirginia Beach

Giving Over Time

Total grant dollars and number of grants per year

$0$100K$200K$300K7 grants2021 9 grants2022 7 grants2023 10 grants2024 11 grants2025 5 grants2026

From 2021 to 2026, annual grant giving ranged from $87K (2022) to $250K (2026). In 2026 it made 5 grants totaling $250K.

Grant Insights

How this funder distributes its grants

Top Recipients

Top 5 recipients in 2026

The UCLA Foundation: $50KThe UCLA Foundation$50KUc Riverside Foundation: $50KUc Riverside Foundation$50KCalifornia Institute of Technology: $50KCalifornia Institute ofTechnology$50KJewish Communal Fund: $50KJewish Communal Fund$50KUc Santa Barbara: $50KUc Santa Barbara$50K

The largest 2026 recipient was The UCLA Foundation ($50K). Together the top 5 received $250K.

Grant Size Distribution

42 grants across all recorded years

30<$50K10$50–100K2$100–250K$250–500K$500K–1M$1–5M$5M+

The most common grant size was under $50K: 30 grants of 42 (71%).

Giving History

Grant recipients and amounts by year

RecipientPurposeAmount
The UCLA Foundation Los Angeles, CATo aid the general charitable purpose of the organization$50,000
Uc Riverside Foundation Riverside, CATo Help Org. in Its Exempt Function$50,000
California Institute of Technology Pasadena, CATo Help Org in Its Exemtp Function$50,000
Jewish Communal Fund New York City, NYTo Help Org. in Its Exempt Function$50,000
Uc Santa Barbara Santa Barbara, CATo Help Org. in Its Exept Function$50,000

Financial History

Multi-year comparison from IRS filings

Revenue
Expenses
Qualifying Distributions
Net Investment Income
$0$100K$200K$300K$400K2021 2022 2023 2024 2025 2026
Metric202620252024
Total Assets$2,037,316$2,015,619$2,174,414
Revenue$274,972$75,682$245,477
Expenses$252,867$231,977$232,925
Qualifying Distributions$251,670$226,570$228,420
Net Investment Income$273,722$75,665$243,880
Distributable Amount$264,022$245,248$219,746

Data update history

When this profile's IRS filing data changed on Grantable

  1. Added Form 990-PF for fiscal year 2026 (received by the IRS August 19, 2026)
  2. IRS filings on file for fiscal years 2021–2025

Leadership & Key People

Officers and directors from IRS filings

The Karp Foundation Inc is led by Harvey L. Karp, President on every filing since 2021; none of the 4 officers listed in 2026 report compensation.

Officers on the 2026 filing

  • Harvey L. Karp

    President

    On filings since 2021

    2 hrs/week

    No compensation reported

  • David A. Karp

    Vice President & Secretary

    On filings since 2021

    2 hrs/week

    No compensation reported

  • Nicholas R. Karp

    Vice President, Assistant Secretry & Assistant Treasurer

    On filings since 2021

    2 hrs/week

    No compensation reported

  • Patricia H. Karp

    Treasurer

    On filings since 2021

    2 hrs/week

    No compensation reported

Data from IRS Form 990 filings, 2021–2026. "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 Karp Foundation Inc

How much does The Karp Foundation Inc give each year?

The Karp Foundation Inc gave $250K across 5 grants in 2026, according to its 2026 IRS Form 990-PF. In 2025 it gave $226K across 11 grants.

What is The Karp Foundation Inc's typical grant size?

The Karp Foundation Inc's median grant in 2026 was $50,000, and its average grant was $50,000, across 5 grants on its 2026 IRS Form 990-PF.

Where does The Karp Foundation Inc give grants?

The Karp Foundation Inc gives mostly in California: 80% of the grant dollars itemized on its 2026 IRS Form 990-PF went to recipients there. The next largest state was New York (20%).

Does The Karp Foundation Inc give general operating support?

Yes: 20% of The Karp Foundation Inc's 2026 grants with a stated purpose (1 of 5) were for general or operating support, per its 2026 IRS Form 990-PF.

Who are The Karp Foundation Inc's largest grantees?

The Karp Foundation Inc's largest 2026 grantees include The UCLA Foundation ($50,000), Uc Riverside Foundation ($50,000) and California Institute of Technology ($50,000), according to its 2026 IRS Form 990-PF. Together they received 60% of its itemized 2026 grant dollars.

How large is The Karp Foundation Inc?

The Karp Foundation Inc reported $2.0M in total assets on its 2026 IRS Form 990-PF. It paid out $252K in qualifying distributions that year, against a required minimum of $264K (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.

What is The Karp Foundation Inc's EIN?

The Karp Foundation Inc's EIN (Employer Identification Number) is 13-2621240. IRS Form 990 filing data is available on this page for 2021–2026.

Data last updated September 2026. Sourced from IRS Form 990-PF filings.

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