The Paul & Karen Levy Family Foundation

PALM BEACH, FL EIN: 13-3982379

The Paul & Karen Levy Family Foundation is a private independent foundation based in Palm Beach, Florida. Established in 1997 in New York, the foundation received its tax-exempt status in October 1998. It operates as a 501(c)(3) organization and is classified as a grantmaking foundation.

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$2.8M

+8.7% YoY

Annual Giving

$5.5M

+35.9% YoY

Grant Count

+106.7% YoY

Avg Grant Size

$179K

-34.3% YoY

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 April 2026.

Mission & Focus Areas

The foundation gives primarily for higher education, as well as for the arts, Jewish organizations, and social services.

Grantmaking

The foundation is actively engaged in grantmaking. In recent years, the foundation has announced significant challenge grants, including two $250,000 challenge grants to the Palm Beach Symphony for music education initiatives. These challenge grants were structured to be matched or exceeded by other donors.

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Geographic Focus

Where this funder awards grants

The foundation operates primarily in Florida, with a particular presence in the Palm Beach area.

Grant Distribution by State

New York $13.3M (76%)

Florida $1.4M (8%)

California $1.1M (6%)

District of Columbia $913K (5%)

Pennsylvania $511K (3%)

Maryland $205K (1%)

Connecticut $175K (1%)

Washington $5K (0%)

+1 more states

States

California Connecticut District of Columbia Florida Massachusetts Maryland New York Pennsylvania Washington

Cities

AnnandaleonhudsonBethesdaBrooklynCold Spring HarborGreenwichHagerstownMiamiNew YorkNewburghOlympiaPalm BeachPasadenaPetersburgPhiladelphiaPorter RanchVineyard HavenWashingtonWest Hampton BeachWest Palm BeachWhite Plains

Financial History

Multi-year comparison from IRS filings

Based on the most recent available data (2023):

Total Assets: $2,547,734
Total Revenue: $4.35 million
Total Expenses: $4.09 million
Total Giving: $4,082,600
Total Liabilities: $0

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2024	2023	2022
Total Assets	$2,768,989	$2,547,734	$2,633,222
Revenue	$5,802,874	$4,347,030	$169,502
Expenses	$5,581,619	$4,088,376	$1,921,107
Qualifying Distributions	$5,547,100	$4,082,600	$1,887,666
Net Investment Income	$4,177,287	$2,289,389	$166,311
Distributable Amount	$88,541	$89,514	$67,898

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

102 grants across all recorded years

Giving History

Grant recipients and amounts by year

Among its reported 2024 grants, the largest include The Rockefeller University ($2,600,000), Acta Foundation ($650,000), American Council of Trustees and Alumni ($650,000).

Recipient	Purpose	Amount
ACTA FOUNDATION PORTER RANCH, CA	CHARITABLE	$650,000
AMERICAN COUNCIL OF TRUSTEES AND ALUMNI WASHINGTON, DC	CHARITABLE	$650,000
GREENWICH COUNTRY DAY SCHOOL GREENWICH, CT	CHARITABLE	$25,000
HOSPITAL FOR SPECIAL SURGERY NEW YORK, NY	CHARITABLE	$10,000
JUILLIARD SCHOOL NEW YORK, NY	CHARITABLE	$50,000
MICHAEL J FOX FOUNDATION PARKINSON RESEARCH HAGERSTOWN, MD	CHARITABLE	$1,000
NATIONAL CONSTITUTION CENTER PHILADELPHIA, PA	CHARITABLE	$500,000
NORTON MUSEUM OF ART WEST PALM BEACH, FL	CHARITABLE	$500,000
PALM BEACH COUNTRY CLUB FOUNDATION PALM BEACH, FL	CHARITABLE	$2,000
THE JEWISH CENTER NEW YORK, NY	CHARITABLE	$10,000

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

From 2024 IRS filing

From 2024 filing

Name	Title	Hours	Compensation
PAUL LEVY	TRUSTEE	—	—
KAREN LEVY	TREASURER	—	—

Recent News & Activity

Recent developments and announcements

2025

The foundation announced a second $250,000 challenge grant to the Palm Beach Symphony in December 2025, designated for music education. This challenge grant was subsequently matched and exceeded by other donors, demonstrating community support for the foundation's philanthropic priorities.

Palm Beach Symphony Announces Second $250,000 Challenge Grant From Paul and

Subject Areas

Focus areas based on grantmaking activity

Philanthropy, Voluntarism & Grantmaking

Frequently Asked Questions

What does The Paul & Karen Levy Family Foundation fund?

The foundation gives primarily for higher education, as well as for the arts, Jewish organizations, and social services.

How do I apply for a grant from The Paul & Karen Levy Family Foundation?

Where does The Paul & Karen Levy Family Foundation make grants?

The foundation operates primarily in Florida, with a particular presence in the Palm Beach area.

What size grants does The Paul & Karen Levy Family Foundation award?

In 2024, The Paul & Karen Levy Family Foundation awarded 31 grants totaling $5.5M — an average of about $179K per grant, based on its IRS Form 990 filings.

How much is The Paul & Karen Levy Family Foundation required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2024, The Paul & Karen Levy Family Foundation reported a distributable amount of $89K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.

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.