Karp Family Foundation

Organization Overview

Karp Family Foundation is located in Orchard Lake, MI. The organization was established in 2014. According to its NTEE Classification (Z99) the organization is classified as: Unknown, under the broad grouping of Unknown and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Karp 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 02/2022, Karp Family Foundation generated $721.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (45.3%) each year.

Since 2018, Karp Family Foundation has awarded 87 individual grants totaling $3,775,460. 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)Compensation
Gabriella Karp
President
$0
Gary Karp
Treasurer
$0
David Karp
Secretary
$0

Financial Statements

Statement of Revenue
Contributions, Gifts, Grants & Similar $0
Interest on Savings $0
Dividends & Interest $253,488
Net Rental Income$0
Net Gain on Sale of Assets $467,158
Capital Gain Net Income $467,158
Net ST Capital Gain $0
Income Modifications $0
Profit on Inventory Sales $0
Other Income $1,001
Total Revenue $721,647

Grants Awarded

Over the last fiscal year, Karp Family Foundation has awarded $791,000 in support to 18 organizations.

Grant RecipientAmount

UNIV OF MICHIGAN HEALTH SYSTEM

PURPOSE: PROFESSORSHIP FUND

$290,000

USC SHOAH FOUNDATION

PURPOSE: UNRESTRICTED

$232,500

JEWISH HOSPICE & CHAPLAINCY NETWORK

PURPOSE: UNRESTRICTED

$72,000

FRIENDS OF ISRAEL DEFENSE FORCES

PURPOSE: EDUCATION SCHOLARSHIP

$57,500

JEWISH FEDERATION OF METRO DETROIT

PURPOSE: UNRESTRICTED

$40,000

OAKLAND UNIVERSITY

Org PageRecipient Profile

Rochester, MI

PURPOSE: EXCURSION TO AUSCHWITZ PROG

$23,000
View Grant Profile

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