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
**
Ready to take the next step with The Karpus Family Foundation Inc?
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
Among its reported 2024 grants, the largest include Junior Achievement of Central Upstate Ny ($103,000), Humane Society of Rochester ($80,000), Edwins Leaderships & Restaurant Institute ($50,000).
| Recipient | Purpose | Amount |
|---|---|---|
| ACCURACY IN MEDIA WASHINGTON, DC | GENERAL PURPOSE | $15,000 |
| ADVENTURES FOR ALL SARASOTA, FL | GENERAL PURPOSE | $10,000 |
| ALLIANCE DEFENDING FOUNDATION SCOTTSDALE, AZ | GENERAL PURPOSE | $25,000 |
| AMERICAN ASSOCIATION OF PROLIFE OBSTETRICIANS AND GYNECOLOGISTS (AAPLOG) FORT WAYNE, IN | GENERAL PURPOSE | $5,000 |
| BELLA'S BUMBAS WEBSTER, NY | GENERAL PURPOSE | $10,000 |
| BETTER TOGETHER NAPLES, FL | GENERAL PURPOSE | $10,000 |
| BILL OF RIGHTS INSTITUTION ARLINGTON, VA | GENERAL PURPOSE | $15,000 |
| CANCER ALLIANCE OF NAPLES BONITA SPRINGS, FL | GENERAL PURPOSE | $10,000 |
| CHALLENGER MIRACLE FIELD WEBSTER, NY | GENERAL PURPOSE | $20,000 |
| COMPASS CARE PREGNANCY SERVICES ROCHESTER, NY | GENERAL PURPOSE | $10,000 |
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
Frequently Asked Questions
What does The Karpus Family Foundation Inc fund?
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 • …
How do I apply for a grant from The Karpus Family Foundation Inc?
**Grant Activity:** • Total giving in 2024: $1,016,698 • Number of grants awarded in 2024: 92 grants • Grant range: $1,000 to $103,000 • Median grant amount: $26,681 • Average grant amount: approximately $11,000 **Recent Grant Examples (2024):** • The Humane Society of Rochester and Monroe County for the Prevention of Cruelty To Animals: $80,000 • Semper Fi and America's Fund: $50,000 • Edwins Leadership and Restaurant Institute: $50,000 **Application Process:** Eligibility requirements state t…
Where does The Karpus Family Foundation Inc make 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.
What size grants does The Karpus Family Foundation Inc award?
In 2024, The Karpus Family Foundation Inc awarded 44 grants totaling $935K — an average of about $21K per grant, based on its IRS Form 990 filings.
What is The Karpus Family Foundation Inc's EIN?
The Karpus Family Foundation Inc's EIN (Employer Identification Number) is 47-2479174. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in The Karpus Family Foundation Inc's focus areas in our free grants database
Related Funders
Similar funders by location and focus area
The Reich Family Charitable Trust
BROOKLYN, NY
Assets
$689K
Grants
1
Total Given
$453K
Launa Beuhler Foundation for
BROOKLYN, NY
Assets
$2K
Grants
4
Total Given
$20K
The Hilary Grace Foundation Inc
EAST AMHERST, NY
Assets
$126K
Grants
2
Total Given
$36K
Uw E J Madden Mem Open Hearts Club 10-214880
NEW YORK, NY
Assets
$1.3M
Grants
1
Total Given
$307K
Hindy's Foundation
BROOKLYN, NY
Assets
$142K
Grants
8
Total Given
$225K
Jeanne & Thomas Hardy Family Foundation
NEW YORK, NY
Assets
$3K
Grants
3
Total Given
$3K
Data last updated June 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?
- Assess strategic fit with your organization
- Draft a tailored letter of inquiry
- Find open RFPs from this funder
- Monitor for new funding opportunities
Go from researching The Karpus Family Foundation Inc to a real strategy.