The Kustel Fund is a private foundation based in New York, NY, established in 2019 and designated as a 501(c)(3) organization. It operates as a grantmaking foundation with no employees, managed by uncompensated co-trustees.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$16.7M
+2.5% YoY
Annual Giving
$1.2M
+23.0% YoY
Grant Count
36
-7.7% YoY
Avg Grant Size
$34K
+33.3% YoY
Mission & Focus Areas
The foundation does not specify particular subject areas of focus in its filings. However, its grantmaking activity demonstrates support across diverse sectors including education, philanthropy and grantmaking, and human services.
Grantmaking
The foundation appears open to new applicants.
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Geographic Focus
Where this funder awards grants
The foundation supports projects across multiple U.S. states and cities, with documented giving in California, Colorado, Florida, Georgia, Kansas, Louisiana, New Jersey, New York, Oregon, Vermont, and Virginia. Major funding areas include New York, San Francisco, and Washington, D.C.
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | Amount (2024) |
|---|---|
| Total Assets | $16,711,590 |
| Total Revenue | $1,787,337 |
| Total Expenses | $1,374,183 |
| Total Liabilities | $0 |
The foundation received a significant asset transfer of $16,855,599 from the Jerome and Lorraine Aresty Charitable Foundation in 2020, which established its current asset base.
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $16,711,590 | $16,298,436 | $16,023,069 |
| Revenue | $1,787,337 | $1,370,203 | $192,588 |
| Expenses | $1,374,183 | $1,094,836 | $1,181,524 |
| Qualifying Distributions | $1,218,000 | $990,000 | $1,055,000 |
| Net Investment Income | $1,730,646 | $1,259,613 | $133,676 |
| Distributable Amount | $949,851 | $880,967 | $919,144 |
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
197 grants across all recorded years
Giving History
Grant recipients and amounts by year
No grants recorded for .
Leadership & Key People
Leadership team and compensation from IRS filings
The foundation is managed by co-trustees Karen Kustel and Robert Kustel, both of whom serve without compensation.
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| KAREN KUSTEL | CO-TRUSTEE | 1 | — |
| ROBERT KUSTEL | CO-TRUSTEE | 1 | — |
Subject Areas
Focus areas based on grantmaking activity
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Data last updated April 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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