Karsh Family Foundation
- Assets
- $332.6m
- Revenue
- $32.3m
- Investments
- $312.5m
- Employees
- 0
- Location
- Beverly Hills, CA
- Founding
- 02/1999
- Data as of
- 06/2022
- EIN
- 13-7147287
Organization Overview
Karsh Family Foundation is located in Beverly Hills, CA. The organization was established in 1999. 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. Karsh Family Foundation 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 06/2022, Karsh Family Foundation generated $32.3m in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 1.7% each year. All expenses for the organization totaled $38.2m during the year ending 06/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Karsh Family Foundation has awarded 609 individual grants totaling $181,148,597. 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDING GRANTS TO QUALIFIED CHARITABLE ORGANIZATIONS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Bruce A Karsh Trustee | 5 | $0 | |
Martha L Karsh Trustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $4,004,419 |
| Interest on Savings | $0 |
| Dividends & Interest | $472,387 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $27,781,034 |
| Capital Gain Net Income | $39,673,142 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $571 |
| Total Revenue | $32,258,411 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $618,467 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $4,034 |
| Printing and publications | $0 |
| Other expenses | $615,512 |
| Total operating and administrative expenses | $1,518,532 |
| Contributions, gifts, grants paid | $36,632,400 |
| Total expenses and disbursements | $38,150,932 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $19,337,664 |
| Net Accounts receivable | $0 |
| 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 | $508,955 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $263,697,829 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $230,545 |
| Total assets | $332,552,575 |
| Accounts payable and accrued expenses | $0 |
| 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 | $1,748,397 |
| Total liabilities | $1,748,397 |
Grants Awarded
Over the last fiscal year, Karsh Family Foundation has awarded $28,706,900 in support to 66 organizations.
| Grant Recipient | Amount |
|---|---|
ALZHEIMER'S GREATER LOS ANGELES PURPOSE: HEALTH | $10,000 |
CEDARS-SINAI MEDICAL CENTER PURPOSE: HEALTH | $10,000 |
CHARTER SCHOOL GROWTH FUND PURPOSE: EDUCATION | $1,000,000 |
DUKE UNIVERSITY PURPOSE: EDUCATION | $100,000 |
EAT LEARN PLAY FOUNDATION PURPOSE: PHILANTHROPIC ACTIVITY | $110,000 |
EXCEPTIONAL CHILDREN'S FOUNDATION PURPOSE: PHILANTHROPIC ACTIVITY | $5,000 |