The Leona Karp Family Foundation

FRAMINGHAM, MA EIN: 04-6636905

The Leona Karp Family Foundation is a private foundation, based in FRAMINGHAM, MA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $436K in total assets. In 2024, it awarded 4 grants totaling $20K. Net investment income was $14K.

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$436K

-2.3% YoY

Annual Giving

$20K

-14.8% YoY

Grant Count

+0.0% YoY

Avg Grant Size

$5K

-14.8% YoY

Under IRS private-foundation payout rules, The Leona Karp Family Foundation reported a distributable amount of $20K for 2024 — the minimum it must pay out in qualifying distributions.

About The Leona Karp Family Foundation

Based on IRS filings

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

Massachusetts $112K (100%)

States

Massachusetts

Cities

BostonNewton CentreWaltham

Financial History

Multi-year comparison from IRS filings

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2024	2023	2022
Total Assets	$435,946	$446,257	$468,814
Revenue	$12,892	$3,927	$-107
Expenses	$24,680	$27,425	$30,551
Qualifying Distributions	$19,600	$23,000	$26,000
Net Investment Income	$14,189	$14,027	$11,401
Distributable Amount	$20,421	$20,688	$22,508

Giving Over Time

Total grant dollars and number of grants per year

Grant Insights

How this funder distributes its grants

Top Recipients

Top 4 recipients in 2024

Grant Size Distribution

21 grants across all recorded years

Giving History

Grant recipients and amounts by year

Among its reported 2024 grants, the largest include Simmons College ($6,000), Trustees of Tufts College ($6,000), Brandeis University ($5,000).

Recipient	Purpose	Amount
BRANDEIS UNIVERSITY WALTHAM, MA	TO FURTHER THE ACTIVITIES FOR WHICH IT WAS ACCORDED TAX EXEMPT STATUS UNDER 501(C)(3)	$5,000
JEWISH FAMILY AND CHILDREN'S SERVICE WALTHAM, MA	TO FURTHER THE ACTIVITIES FOR WHICH IT WAS ACCORDED TAX EXEMPT STATUS UNDER 501(C)(3)	$2,600
SIMMONS COLLEGE BOSTON, MA	TO FURTHER THE ACTIVITIES FOR WHICH IT WAS ACCORDED TAX EXEMPT STATUS UNDER 501(C)(3)	$6,000
TRUSTEES OF TUFTS COLLEGE BOSTON, MA	TO FURTHER THE ACTIVITIES FOR WHICH IT WAS ACCORDED TAX EXEMPT STATUS UNDER 501(C)(3)	$6,000

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

From 2024 IRS filing

From 2024 filing

Name	Title	Hours	Compensation
SUSAN B STONE	TRUSTEE	1	—
CHARLES S KARP	TRUSTEE	1	—
NANCY R KARP	TRUSTEE	1	—

Frequently Asked Questions

How large is The Leona Karp Family Foundation?

As of 2024, The Leona Karp Family Foundation holds $436K in total assets with $13K in annual revenue. It awarded 4 grants totaling $20K in 2024.

Where does The Leona Karp Family Foundation operate?

The Leona Karp Family Foundation has awarded grants in Massachusetts.

What size grants does The Leona Karp Family Foundation award?

In 2024, The Leona Karp Family Foundation awarded 4 grants totaling $20K — an average of about $5K per grant, based on its IRS Form 990 filings.

How much is The Leona Karp Family Foundation required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2024, The Leona Karp Family Foundation reported a distributable amount of $20K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.

What is The Leona Karp Family Foundation's EIN?

The Leona Karp Family Foundation's EIN (Employer Identification Number) is 04-6636905. IRS Form 990 filing data is available on this page for 2020–2024.