The Karpus Family Foundation Inc is a private 501(c)(3) foundation established in 2015 and based in Pittsford, New York. Founded by George W. Karpus, the foundation operates as a family foundation with a mission centered on helping people and animals in need through support for education and human services initiatives.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
—
Annual Giving
$935K
+5.2% YoY
Grant Count
44
+22.2% YoY
Avg Grant Size
$21K
-14.0% YoY
Mission & Focus Areas
The foundation's mission emphasizes helping people and animals in need through pride in work and education. According to the founder's statement, the foundation was created with the ultimate objective of helping people live productive lives, drawing inspiration from the founder's parents and their work ethic.
Primary funding focus areas include:
- Education and STEM education
- Youth development and leadership development
- Human services
- Animal welfare and prevention of cruelty to animals
- Scouting organizations
- Creative writing initiatives
Grantmaking
Eligibility requirements state that requesting organizations must be 501(c)(3) or equivalent organizations whose programs and projects meet the foundation's funding purposes and key factors for funding. The foundation requires submission of a Letter of Inquiry (LOI) through an online grant management portal.
Grant Range
$1,000 to $103,000
Average Grant
amount: approximately $11,000
How to Apply
**
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Geographic Focus
Where this funder awards grants
The foundation funds initiatives across multiple U.S. states and cities, with documented giving in Arizona, California, Colorado, Florida, Illinois, Massachusetts, Minnesota, New York, Ohio, Tennessee, Texas, Wisconsin, and other locations.
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
As of December 2024:
- Total assets: $20,495,962
- Total revenue: $1,879,431
- Total expenses: $1,202,871
- Total liabilities: $0
- Investment income and dividends: $1,016,388
- Net gain from sale of non-inventory assets: $863,043
- Giving rate: 5.0%
- Expense ratio: 92.5%
The foundation has zero employees and operates with volunteer board leadership.
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | — | — | — |
| Revenue | — | — | — |
| Expenses | — | — | — |
| Qualifying Distributions | — | — | — |
| Net Investment Income | — | — | — |
| Distributable Amount | — | — | — |
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
168 grants across all recorded years
Open Grants
1 open opportunity from The Karpus Family Foundation Inc
Giving History
Grant recipients and amounts by year
No grants recorded for .
Leadership & Key People
Leadership team and compensation from IRS filings
- George W. Karpus — President and Director (2 hours/week, $8,000 compensation)
- Kathleen P. Karpus — Vice President and Secretary (2 hours/week)
- Rodd Riesenberger — Treasurer (5 hours/week, $18,000 compensation)
- Anthony Mirrione — Director (2 hours/week)
- Paul Lipari — Director (2 hours/week)
- Joan Riesenberger — Director (2 hours/week, $8,000 compensation)
- Gerard Wenzke — Director (2 hours/week, $8,000 compensation)
- Deborah Haehl — Director (2 hours/week, $8,000 compensation)
- Donald Haehl — Director (2 hours/week, $8,000 compensation)
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| GEORGE W KARPUS | PRESIDENT, DIRECTOR | 2 | $8,000 |
| KATHLEEN P KARPUS | VICE PRESIDENT, SECRETARY | 2 | — |
| ANTHONY MIRRIONE | DIRECTOR | 2 | — |
| RODD RIESENBERGER | TREASURER | 5 | $18,000 |
| PAUL LIPARI | DIRECTOR | 2 | — |
| JOAN RIESENBERGER | DIRECTOR | 2 | $8,000 |
| GERARD WENZKE | DIRECTOR | 2 | $8,000 |
| DEBORAH HAEHL | DIRECTOR | 2 | $8,000 |
| DONALD HAEHL | DIRECTOR | 2 | $8,000 |
Recent News & Activity
Recent developments and announcements
The foundation has supported various initiatives including animal shelter expansion projects and research funding. The foundation maintains an active grantmaking program and continues to accept new applicants through its online grant management portal.
The Karpus Family Foundation Inc - GrantExecSubject Areas
Focus areas based on grantmaking activity
Data last updated April 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
What could you do with The Karpus Family Foundation Inc on Grantable?
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