The Roma Karp Foundation
The Roma Karp Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in Riverhead, NY. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $3.1M in total assets. In 2024, it awarded 14 grants totaling $185K. Net investment income was $169K.
Key facts about The Roma Karp Foundation
- EIN
- 82-2442110
- Latest 990 filing
- Form 990-PF, 2024
- Annual giving (2024)
- $185,000
- Grants made (2024)
- 14
- Average grant
- $13,214
- Median grant
- $5,750
- New grantees (estimate)
- 7% first-time grantees (1 of 14, 2024)
- Total assets
- $3,066,492
- Primary geography
- New York (74% of itemized 2024 grant dollars)
Data from IRS Form 990-PF, 2024; updated September 2026. New grantees are estimated by matching recipient names across years (methodology).
Who The Roma Karp Foundation funds
By grant dollars, the top recipient states for The Roma Karp Foundation's 14 itemized 2024 grants were New York (74%), Massachusetts (14%) and North Carolina (5%). The most frequent recipient cities were Riverhead, NY (2 grants). None of its 14 grants with a stated purpose were described as general or operating support. Recurring purposes include "Charitable" (6 grants).
Is The Roma Karp Foundation open to new grantees?
7%
first-time grantees, 2024
In 2024, 1 of 14 grantees (7%) were first-time recipients. First grants averaged $5K; repeat grants $14K. How we count
Medians: $5K first-time, $7K repeat.
- 93% of 2024 grantees were also funded in 2023. Method
- Giving fell 53% from 2021 to 2024. Method
- In 2024 it paid out 109% of its IRS minimum distribution (the 5% rule). Method
Estimate from itemized IRS Form 990-PF grant lists (2020–2024). Recipient names are matched across years, so a renamed or misspelled grantee can look new; grants to individuals are left out. Methodology.
Next steps with The Roma Karp Foundation
- How to evaluate The Roma Karp Foundation as a funder
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Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$3.1M
-0.8% YoY
Annual Giving
$185K
+12.1% YoY
Grant Count
14
+0.0% YoY
Avg Grant Size
$13K
+12.1% YoY
Under IRS private-foundation payout rules, The Roma Karp Foundation reported a distributable amount of $170K for 2024 — the minimum it must pay out in qualifying distributions.
About The Roma Karp Foundation
Based on IRS filings
The Roma Karp Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in Riverhead, NY. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $3.1M in total assets. In 2024, it awarded 14 grants totaling $185K. Net investment income was $169K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of all 14 itemized 2024 grant dollars.
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $3,066,492 | $3,092,605 | $3,178,180 |
| Revenue | $191,025 | $110,629 | $82,606 |
| Expenses | $213,459 | $194,038 | $219,379 |
| Qualifying Distributions | $185,000 | $165,000 | $184,000 |
| Net Investment Income | $168,812 | $67,728 | $47,038 |
| Distributable Amount | $170,480 | $160,365 | $167,584 |
Data update history
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2024
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
64 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest recipients include Suny Plattsburgh ($55,000), GLK Foundation ($45,000), Cast Inc ($25,000).
| Recipient | Purpose | Amount |
|---|---|---|
| SUNY PLATTSBURGH Plattsburgh, NY | EDUCATIONAL | $55,000 |
| GLK FOUNDATION Riverhead, NY | MEDICAL RESEARCH | $45,000 |
| CAST INC Wakefield, MA | CHARITABLE | $25,000 |
| SISTERHOOD OF ST JOSEPH Brentwood, NY | RELIGIOUS | $11,000 |
| CHILDREN'S HOPE ALLIANCE Barium Springs, NC | CHARITABLE | $10,000 |
| FRIENDS OF AINE FOUNDATION Manchester, NH | CHARITABLE | $6,500 |
| MORICHES PAQUATUCK SQUAWS INC Center Moriches, NY | YOUTH SERVICES | $6,500 |
| EAST END HOSPICE Westhampton Beach, NY | CHARITABLE | $5,000 |
| LOGAN CHIROPRACTIC INST Chesterfield, MO | MEDICAL RESEARCH | $5,000 |
| ST ANDREW CATHOLIC CHURCH Sag Harbor, NY | RELIGION | $4,500 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 IRS filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| Michael J Canny | Executive Di | — | $2,500 |
| James Griffin | Director | — | $2,500 |
| Lisa Benincassa | Director | — | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is The Roma Karp Foundation?
The Roma Karp Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in Riverhead, NY. It holds $3.1M in total assets as of 2024.
How large is The Roma Karp Foundation?
As of 2024, The Roma Karp Foundation holds $3.1M in total assets with $191K in annual revenue. It awarded 14 grants totaling $185K in 2024.
Where does The Roma Karp Foundation operate?
The Roma Karp Foundation has awarded grants in District of Columbia, Massachusetts, Missouri, North Carolina, New Hampshire, New York.
What size grants does The Roma Karp Foundation award?
In 2024, The Roma Karp Foundation awarded 14 grants totaling $185K — an average of about $13K per grant, based on its IRS Form 990 filings.
How much is The Roma Karp Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, The Roma Karp Foundation reported a distributable amount of $170K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is The Roma Karp Foundation's EIN?
The Roma Karp Foundation's EIN (Employer Identification Number) is 82-2442110. IRS Form 990 filing data is available on this page for 2020–2024.
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Data last updated September 2026. Sourced from IRS Form 990-PF filings.