The Paul & Karen Levy Family Foundation
The Paul & Karen Levy Family Foundation is a private foundation based in Palm Beach, Florida. In 2024, it made grants to organizations including a biomedical research university, educational and cultural institutions, and organizations working in other fields.
The Paul & Karen Levy Family Foundation at a glance
In short: The Paul & Karen Levy Family Foundation gave $5.5M across 31 grants in 2024 (avg $179K), mostly in New York. 52% of 2024 grantees were new. Source: 2024 IRS Form 990-PF.
- Annual giving (2024)
- $5,547,100
- +35.9% vs 2023
- Grants made (2024)
- 31
- +106.7% vs 2023
- Average grant
- $178,939
- -34.3% vs 2023
- Median grant
- $10,000
- Total assets
- $2,768,989
- +8.7% vs 2023
- New grantees (estimate)
- 52% first-time grantees (16 of 31, 2024)
- Primary geography
- New York (55% of itemized 2024 grant dollars)
- Latest 990 filing
- Form 990-PF, 2024 View filing
Data from IRS Form 990-PF, 2024; updated October 2026. New grantees are estimated by matching recipient names across years (methodology).
How to apply to The Paul & Karen Levy Family Foundation
- How to Apply
-
The foundation states that it does not restrict giving to preselected organizations. It lists Paul Levy, c/o MGO LLP, as the contact; specifies no required form or materials; and states that there are no restrictions on awards.
- Contact
Application contact: Paul Levy Co Mgo Llp
Mailing address: 445 Broadhollow Rd Suite 319, Melville, NY 11747
Phone: (516) 409-5000
Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.
Who The Paul & Karen Levy Family Foundation funds
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
The largest 2024 recipient was The Rockefeller University ($2.6M). Together the top 10 received $5.4M.
Grant Size Distribution
102 grants across all recorded years
The most common grant size was under $50K: 65 grants of 102 (64%).
Geographic Focus
Where this funder awards grants
The 2024 grant dollars went to recipients in New York (55%), Washington, DC (13%), California (12%), Florida (11%), and Pennsylvania (9%).
Grant Distribution by State
Share of 2024 grant dollars across all 31 itemized grants.
States
Cities
Is The Paul & Karen Levy Family Foundation open to new grantees?
52%
first-time grantees, 2024
In 2024, 16 of 31 grantees (52%) were first-time recipients. First grants averaged $58K; repeat grants $308K. How we count
Medians: $10K first-time, $25K repeat.
- 26% of 2024 grantees were also funded in 2023. Method
- Giving grew 139% from 2021 to 2024. Method
- In 2024 it paid out well above its IRS minimum distribution (the 5% rule). Method
Estimate from itemized grant lists in IRS Form 990-PF filings (2020–2024). Recipient names are matched across years, so a renamed or misspelled grantee can look new; grants to individuals are left out. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2024, annual grant giving ranged from $1.9M (2022) to $5.5M (2024). In 2024 it made 31 grants totaling $5.5M.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| The Rockefeller University New York, NY | Charitable | $2,600,000 |
| Acta Foundation Porter Ranch, CA | Charitable | $650,000 |
| American Council of Trustees and Alumni Washington, DC | Charitable | $650,000 |
| National Constitution Center Philadelphia, PA | Charitable | $500,000 |
| Norton Museum of Art West Palm Beach, FL | Charitable | $500,000 |
| The Birthright Israel Foundation New York, NY | Charitable | $250,000 |
| The Palm Beach Synagogue Palm Beach, FL | Charitable | $72,000 |
| Juilliard School New York, NY | Charitable | $50,000 |
| The Manhattan Institute New York, NY | Charitable | $50,000 |
| The Hudson Institute Washington, DC | Charitable | $50,000 |
Ready to take the next step with The Paul & Karen Levy Family Foundation?
Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Net Investment Income | Distributable Amount |
|---|---|---|---|---|---|---|---|---|
| 2024 | $2,768,989 | $5,802,874 | $5,581,619 | $5,547,100 | 31 | $5,547,100 | $4,177,287 | $88,541 |
| 2023 | $2,547,734 | $4,347,030 | $4,088,376 | $4,082,600 | 15 | $4,082,600 | $2,289,389 | $89,514 |
| 2022 | $2,633,222 | $169,502 | $1,921,107 | $1,887,666 | 21 | $1,887,666 | $166,311 | $67,898 |
| 2021 | $4,384,827 | $7,820,487 | $2,321,918 | $2,321,917 | 17 | $2,321,917 | $2,088,579 | $40,267 |
| 2020 | $956,125 | $892,535 | $3,755,667 | $3,755,667 | 18 | — | $43 | $112,115 |
Under IRS private-foundation payout rules, The Paul & Karen Levy Family Foundation reported a distributable amount of $89K for 2024 — the minimum it must pay out in qualifying distributions.
Research compiled by Grantable AI from public sources. Last updated September 2026.
Mission & Focus Areas
No mission statement for the foundation is provided. Its 2024 grants show support for a range of organizations. The Rockefeller University describes its work as biomedical and scientific research and graduate education; the American Council of Trustees and Alumni says it educates alumni, trustees, and others about the benefits of higher education. The National Constitution Center describes its work as nonpartisan constitutional education and civil dialogue. The Norton Museum of Art says it offers visitors encounters with art through its programs and collections.
Other 2024 recipients include Juilliard School, which describes its mission as educating students in music, dance, and drama; Greenwich Country Day School, whose mission is to help children develop through study, play, and character; and The Society of the Four Arts, which says it provides educational and cultural programs for the Palm Beach County community.
Grantmaking
In 2024, the foundation reported 31 grants totaling $5,547,100. Grants ranged from $1,000 to $2,600,000, with a median grant of $10,000. The largest awards were $2,600,000 to The Rockefeller University; $650,000 each to ACTA Foundation and the American Council of Trustees and Alumni; and $500,000 each to the National Constitution Center and Norton Museum of Art. Other listed grants included $250,000 to The Birthright Israel Foundation, $72,000 to The Palm Beach Synagogue, and $50,000 each to Juilliard School, The Manhattan Institute, and The Hudson Institute. The filing lists the purposes of these grants as charitable.
Leadership & Key People
Leadership team and compensation from IRS filings
The 2024 filing lists Paul Levy as trustee and Karen Levy as treasurer.
The Paul & Karen Levy Family Foundation's 2024 filing lists 2 officers; none of the 2 officers listed in 2024 report compensation.
Officers on the 2024 filing
Paul Levy
Trustee
On filings since 2020
No compensation reported
Karen Levy
Treasurer
On filings since 2022
No compensation reported
Data from IRS Form 990 filings, 2020–2024. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Frequently asked questions about The Paul & Karen Levy Family Foundation
How much does The Paul & Karen Levy Family Foundation give each year?
The Paul & Karen Levy Family Foundation gave $5.5M across 31 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $4.1M across 15 grants.
What is The Paul & Karen Levy Family Foundation's typical grant size?
The Paul & Karen Levy Family Foundation's median grant in 2024 was $10,000, and its average grant was $178,939, across 31 grants on its 2024 IRS Form 990-PF. Organizations receiving their first grant from The Paul & Karen Levy Family Foundation that year got $58K on average.
Where does The Paul & Karen Levy Family Foundation give grants?
The Paul & Karen Levy Family Foundation gives mostly in New York: 55% of the grant dollars itemized on its 2024 IRS Form 990-PF went to recipients there. The next largest states were District of Columbia (13%) and California (12%). The most frequent recipient cities were New York, NY (15 grants), Palm Beach, FL (4 grants) and Washington, DC (3 grants).
Does The Paul & Karen Levy Family Foundation give general operating support?
Not in 2024: none of the 31 grants with a stated purpose on The Paul & Karen Levy Family Foundation's 2024 IRS Form 990-PF were described as general or operating support. Recurring purposes include "Charitable" (31 grants).
Who are The Paul & Karen Levy Family Foundation's largest grantees?
The Paul & Karen Levy Family Foundation's largest 2024 grantees include The Rockefeller University ($2,600,000), Acta Foundation ($650,000) and American Council of Trustees and Alumni ($650,000), according to its 2024 IRS Form 990-PF. Together they received 70% of its itemized 2024 grant dollars.
How large is The Paul & Karen Levy Family Foundation?
The Paul & Karen Levy Family Foundation reported $2.8M in total assets on its 2024 IRS Form 990-PF. It paid out $5.5M in qualifying distributions that year, against a required minimum of $89K (roughly 5% of its investment assets).
What does The Paul & Karen Levy Family Foundation fund?
No mission statement for the foundation is provided. Its 2024 grants show support for a range of organizations. See mission & focus areas ↑
How do I apply for a grant from The Paul & Karen Levy Family Foundation?
The foundation states that it does not restrict giving to preselected organizations. Eligibility and process details are in the grantmaking section of this profile. See how to apply ↑
What is The Paul & Karen Levy Family Foundation's EIN?
The Paul & Karen Levy Family Foundation's EIN (Employer Identification Number) is 13-3982379. IRS Form 990 filing data is available on this page for 2020–2024.
Data last updated October 2026. Sourced from IRS Form 990-PF filings. Research dossier generated September 2026.
Data update history
(1)
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2024
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Browse active grant opportunities in The Paul & Karen Levy Family Foundation's focus areas in our free grants database
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Cite this profile
Grantable. (2026). The Paul & Karen Levy Family Foundation funder profile. GrantGraph. Retrieved October 12, 2026, from https://grantable.co/funders/the-paul-and-karen-levy-family-foundation-morg_5f5e647665e5485c898d24001048ea99
BibTeX
@misc{grantable_133982379_2026,
author = {{Grantable}},
title = {{The Paul \& Karen Levy Family Foundation funder profile}},
howpublished = {GrantGraph},
year = {2026},
url = {https://grantable.co/funders/the-paul-and-karen-levy-family-foundation-morg_5f5e647665e5485c898d24001048ea99},
note = {Accessed 2026-10-12. Data licensed CC BY 4.0}
}The figures on this page are open data under CC BY 4.0: reuse them with credit to Grantable and a link. Download the data.
Figures come from The Paul & Karen Levy Family Foundation's IRS filings (methodology). AI-written summaries, news items and logos are not covered by the open licence. Spot an error? Email hello@grantable.co.
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