The Paul & Karen Levy Family Foundation
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
31
+106.7% YoY
Avg Grant Size
$179K
-34.3% YoY
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
States
Cities
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
| 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
No grants recorded for .
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
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 andSubject 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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