The Karp Foundation Inc
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.
The Karp Foundation Inc at a glance
In short: The Karp Foundation Inc gave $250K across 5 grants in 2026 (avg $50K), mostly in California. Source: 2026 IRS Form 990-PF.
- Annual giving (2026)
- $250,000
- +10.4% vs 2025
- Grants made (2026)
- 5
- -54.5% vs 2025
- Average grant
- $50,000
- +142.9% vs 2025
- Median grant
- $50,000
- Total assets
- $2,037,316
- +1.1% vs 2025
- Primary geography
- California (80% of itemized 2026 grant dollars)
- Latest 990 filing
- Form 990-PF, 2026 View filing
Data from IRS Form 990-PF, 2026; updated September 2026.
Who The Karp Foundation Inc funds
How this funder distributes its grants
Top Recipients
Top 5 recipients in 2026
The largest 2026 recipient was The UCLA Foundation ($50K). Together the top 5 received $250K.
Grant Size Distribution
42 grants across all recorded years
The most common grant size was under $50K: 30 grants of 42 (71%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2026 grant dollars across all 5 itemized grants.
Cities
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.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2021 to 2026, annual grant giving ranged from $87K (2022) to $250K (2026). In 2026 it made 5 grants totaling $250K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| The UCLA Foundation Los Angeles, CA | To aid the general charitable purpose of the organization | $50,000 |
| Uc Riverside Foundation Riverside, CA | To Help Org. in Its Exempt Function | $50,000 |
| California Institute of Technology Pasadena, CA | To Help Org in Its Exemtp Function | $50,000 |
| Jewish Communal Fund New York City, NY | To Help Org. in Its Exempt Function | $50,000 |
| Uc Santa Barbara Santa Barbara, CA | To Help Org. in Its Exept Function | $50,000 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Net Investment Income | Distributable Amount |
|---|---|---|---|---|---|---|---|---|
| 2026 | $2,037,316 | $274,972 | $252,867 | $250,000 | 5 | $251,670 | $273,722 | $264,022 |
| 2025 | $2,015,619 | $75,682 | $231,977 | $226,400 | 11 | $226,570 | $75,665 | $245,248 |
| 2024 | $2,174,414 | $245,477 | $232,925 | $227,000 | 10 | $228,420 | $243,880 | $219,746 |
| 2023 | $2,158,954 | $94,363 | $155,927 | $177,000 | 7 | $153,670 | $93,096 | $221,591 |
| 2022 | $2,220,518 | $72,575 | $90,931 | $87,490 | 9 | $89,150 | $71,188 | $243,800 |
| 2021 | $2,238,874 | $103,801 | $165,304 | $162,000 | 7 | — | $102,157 | $210,124 |
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.
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.
Data update history
(2)
When this profile's IRS filing data changed on Grantable
- Added Form 990-PF for fiscal year 2026 (received by the IRS August 19, 2026)
- IRS filings on file for fiscal years 2021–2025
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