Karev Foundation Inc
- Assets
- $7.6m
- Revenue
- $7.5m
- Investments
- $6.7m
- Employees
- 0
- Location
- Palm Beach, FL
- Founding
- 05/1998
- Data as of
- 12/2022
- EIN
- 13-3999708
Organization Overview
Karev Foundation Inc is located in Palm Beach, FL. The organization was established in 1998. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Karev Foundation Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2022, Karev Foundation Inc generated $7.5m in total revenue. All expenses for the organization totaled $2.1m during the year ending 12/2022. While expenses have increased by 165.5% per year over the past 8 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Karev Foundation Inc has awarded 605 individual grants totaling $29,220,899. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Amanda Levine Vice President | 1 | $0 | |
Charles R Bronfman Chairman | 2 | $0 | |
Ellen Bronfman Hoffman Sucessor Co-Chair & VP | 1 | $0 | |
Jeffrey Solomon President | 2 | $0 | |
John Hoover Secretary | 1 | $0 | |
Richard Doyle Treasurer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $7,361,900 |
| Interest on Savings | $4,130 |
| Dividends & Interest | $65,152 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $68,288 |
| Capital Gain Net Income | $68,288 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $1,312 |
| Total Revenue | $7,500,782 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $1,000 |
| Printing and publications | $0 |
| Other expenses | $13,114 |
| Total operating and administrative expenses | $124,369 |
| Contributions, gifts, grants paid | $1,971,912 |
| Total expenses and disbursements | $2,096,281 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $359,983 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $398,331 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $3,348 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $180,000 |
| Total assets | $7,637,925 |
| Accounts payable and accrued expenses | $1,584,527 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $1,584,527 |
Grants Awarded
Over the last fiscal year, Karev Foundation Inc has awarded $1,971,912 in support to 17 organizations.
| Grant Recipient | Amount |
|---|---|
ENTER THE JEWISH PEOPLEHOOD ALLIANCE PURPOSE: AN UNRESTRICTED GRANT TO FURTHER THE DONEE'S EXEMPT PURPOSE | $250,000 |
FOOD FOR THE POOR INC PURPOSE: AN UNRESTRICTED GRANT TO FURTHER THE DONEE'S EXEMPT PURPOSE | $403 |
CAMP RAMAH IN CALIFORNIA PURPOSE: AN UNRESTRICTED GRANT TO FURTHER THE DONEE'S EXEMPT PURPOSE | $180 |
JEWISH FEDERATION OF PBC PURPOSE: AN UNRESTRICTED GRANT TO FURTHER THE DONEE'S EXEMPT PURPOSE | $1,542,500 |
DISABILITY RIGHTS INTERNATIONAL PURPOSE: AN UNRESTRICTED GRANT TO FURTHER THE DONEE'S EXEMPT PURPOSE | $20,000 |
AMERICAN FRIENDS OF SHANTI HOUSE PURPOSE: AN UNRESTRICTED GRANT TO FURTHER THE DONEE'S EXEMPT PURPOSE | $25,000 |