The Max and Yetta Karasik Family Foundation

Private foundation · Grantmaker Chicago, IL EIN: 31-1667792

The Max and Yetta Karasik Family Foundation is a private foundation, based in Chicago, IL. IRS filing data is available from 2020 through 2025. As of 2025, the organization holds $4.6M in total assets. In 2025, it awarded 5 grants totaling $300K. Net investment income was $337K.

Key facts about The Max and Yetta Karasik Family Foundation

In short: The Max and Yetta Karasik Family Foundation gave $300K across 5 grants in 2025 (avg $60K), mostly in Hawaii. Source: 2025 IRS Form 990-PF.

EIN
31-1667792
Latest 990 filing
Form 990-PF, 2025
Annual giving (2025)
$300,000
Grants made (2025)
5
Average grant
$60,000
Median grant
$60,000
Total assets
$4,552,405
Primary geography
Hawaii (57% of itemized 2025 grant dollars)

Data from IRS Form 990-PF, 2025; updated September 2026.

Financial Overview

From 2025 IRS Form 990-PF · View filing

Total Assets

$4.6M

-0.3% YoY

Annual Giving

$300K

+39.5% YoY

Grant Count

5

+0.0% YoY

Avg Grant Size

$60K

+39.5% YoY

Under IRS private-foundation payout rules, The Max and Yetta Karasik Family Foundation reported a distributable amount of $322K for 2025 — the minimum it must pay out in qualifying distributions.

How The Max and Yetta Karasik Family Foundation gives

  • Giving held roughly steady from 2022 to 2025 (−10%). Method
  • In 2025 it paid out 109% of its IRS minimum distribution (the 5% rule). Method

From the foundation's IRS Form 990-PF filings. Methodology.

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

4states

Share of 2025 grant dollars across all 5 itemized grants.

Cities

HiloHonoluluLouisvilleNew YorkSan DiegoWailuku

Giving Over Time

Total grant dollars and number of grants per year

$0$100K$200K$300K$400K6 grants2020 6 grants2021 8 grants2022 6 grants2023 5 grants2024 5 grants2025

From 2020 to 2025, annual grant giving ranged from $170K (2023) to $333K (2022). In 2025 it made 5 grants totaling $300K.

Grant Insights

How this funder distributes its grants

Top Recipients

Top 5 recipients in 2025

Hilo Medical Center Foundation: $110KHilo Medical Center Foundation$110KDoctors Without Borders: $60KDoctors Without Borders$60KNature Conservancy of Hawaii: $60KNature Conservancy of Hawaii$60KCommunity Food Share: $60KCommunity Food Share$60KSan Diego Zoo Wildlife Alliance: $10KSan Diego Zoo WildlifeAlliance$10K

The largest 2025 recipient was Hilo Medical Center Foundation ($110K). Together the top 5 received $300K.

Grant Size Distribution

30 grants across all recorded years

15<$50K14$50–100K1$100–250K$250–500K$500K–1M$1–5M$5M+

The most common grant size was under $50K: 15 grants of 30 (50%).

Giving History

Grant recipients and amounts by year

RecipientPurposeAmount
Hilo Medical Center Foundation Hilo, HIGeneral Support$110,000
Doctors Without Borders New York, NYGeneral Support$60,000
Nature Conservancy of Hawaii Honolulu, HIGeneral Support$60,000
Community Food Share Louisville, COGeneral Support$60,000
San Diego Zoo Wildlife Alliance San Diego, CAGeneral Support$10,000

Financial History

Multi-year comparison from IRS filings

Revenue
Expenses
Qualifying Distributions
Net Investment Income
$0$500K$1M$1.5M2020 2021 2022 2023 2024 2025
Metric202520242023
Total Assets$4,552,405$4,566,297$4,437,201
Revenue$349,878$434,077$1,098,342
Expenses$364,279$304,372$235,521
Qualifying Distributions$351,993$270,641$221,325
Net Investment Income$336,595$421,041$1,084,198
Distributable Amount$321,761$301,325$266,018

Data update history

When this profile's IRS filing data changed on Grantable

  1. Added Form 990-PF for fiscal year 2025 (received by the IRS May 7, 2026)
  2. IRS filings on file for fiscal years 2020–2024

Leadership & Key People

Officers and directors from IRS filings

The Max and Yetta Karasik Family Foundation's 2025 filing lists 4 officers; none of the 4 officers listed in 2025 report compensation.

Officers on the 2025 filing

  • Lois G. Robbins

    Trustee

    On filings since 2020

    1 hr/week

    No compensation reported

  • Richard Robbins

    Trustee

    On filings since 2020

    10 hrs/week

    No compensation reported

  • Jean Sanson

    Secretary

    On filings since 2020

    3 hrs/week

    $8K (2020) → $0 (2025)

  • Leslie Robbins Rudawsky

    Treasurer

    On filings since 2020

    3 hrs/week

    $8K (2020) → $0 (2025)

Data from IRS Form 990 filings, 2020–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.

Compensation Overview

No officer or director reported compensation in the available filings.

Frequently asked questions about The Max and Yetta Karasik Family Foundation

How much does The Max and Yetta Karasik Family Foundation give each year?

The Max and Yetta Karasik Family Foundation gave $300K across 5 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $215K across 5 grants.

What is The Max and Yetta Karasik Family Foundation's typical grant size?

The Max and Yetta Karasik Family Foundation's median grant in 2025 was $60,000, and its average grant was $60,000, across 5 grants on its 2025 IRS Form 990-PF.

Where does The Max and Yetta Karasik Family Foundation give grants?

The Max and Yetta Karasik Family Foundation gives mostly in Hawaii: 57% of the grant dollars itemized on its 2025 IRS Form 990-PF went to recipients there. The next largest states were New York (20%) and Colorado (20%).

Does The Max and Yetta Karasik Family Foundation give general operating support?

Yes: 100% of The Max and Yetta Karasik Family Foundation's 2025 grants with a stated purpose (5 of 5) were for general or operating support, per its 2025 IRS Form 990-PF.

Who are The Max and Yetta Karasik Family Foundation's largest grantees?

The Max and Yetta Karasik Family Foundation's largest 2025 grantees include Hilo Medical Center Foundation ($110,000), Doctors Without Borders ($60,000) and Nature Conservancy of Hawaii ($60,000), according to its 2025 IRS Form 990-PF. Together they received 77% of its itemized 2025 grant dollars.

How large is The Max and Yetta Karasik Family Foundation?

The Max and Yetta Karasik Family Foundation reported $4.6M in total assets on its 2025 IRS Form 990-PF. It paid out $352K in qualifying distributions that year, against a required minimum of $322K (roughly 5% of its investment assets).

What is The Max and Yetta Karasik Family Foundation's EIN?

The Max and Yetta Karasik Family Foundation's EIN (Employer Identification Number) is 31-1667792. IRS Form 990 filing data is available on this page for 2020–2025.

Data last updated September 2026. Sourced from IRS Form 990-PF filings.

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