Karakin Foundation

Organization Overview

Karakin Foundation is located in Abilene, TX. The organization was established in 1997. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. Karakin 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 12/2022, Karakin Foundation generated $29.7m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 26.4% each year . All expenses for the organization totaled $17.4m during the year ending 12/2022. While expenses have increased by 17.7% per year over the past 6 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 2014, Karakin Foundation has awarded 498 individual grants totaling $101,494,648. 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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Outside Vendors & Contractors

Vendor Name (Service)Compensation
Legett Foundation
$1,066,214
Condley And Company Llp
$73,734
View All Vendors

Financial Statements

Statement of Revenue
Contributions, Gifts, Grants & Similar $6,395,300
Interest on Savings $0
Dividends & Interest $3,111,303
Net Rental Income$0
Net Gain on Sale of Assets -$653,404
Capital Gain Net Income $0
Net ST Capital Gain $0
Income Modifications $0
Profit on Inventory Sales -$11,811
Other Income $20,854,285
Total Revenue $29,695,673

Grants Awarded

Over the last fiscal year, Karakin Foundation has awarded $36,483,250 in support to 147 organizations.

Grant RecipientAmount

12TH ARMORED DIVISION MEMORIAL MUSEUM FOUNDATION

PURPOSE: OPERATING SUPPORT

$25,000

4 PAWS FOR ABILITY INC

PURPOSE: SERVICE DOGS FOR VETERANS

$160,000

ABILENE ARTS ALLIANCE

PURPOSE: ABILENE CULTURAL DISTRICT PILLAR PROJECT.

$50,000

ABILENE ARTS ALLIANCE

PURPOSE: INSTALL BRONZE LOCOMOTIVE STATUE AT ABILENE CITY HALL

$25,000

ABILENE CHAMBER OF COMMERCE FOUNDATION

PURPOSE: LEADABI ABILENE INDUSTRIAL FOUNDATION CAMPAIGN

$50,000

ABILENE CHRISTIAN UNIVERSITY

PURPOSE: HIGHER GROUND CAMPAIGN - PHASE II RENOVATION OF MOODY COLISEUM

$1,500,000
View Grant Profile

Peer Organizations

Organization NameAssets
Builders Initiative
Bentonville, AR
$86,761,797
Fmh Foundation
Midland, TX
$73,532,830
Dan L Duncan Family Foundation
Houston, TX
$23,092,984
Robert A Welch Foundation 062491
Houston, TX
$61,396,407
Jesus Fund
Little Rock, AR
$128,635,887
Harriet And Warren Stephens Family Foundation
Little Rock, AR
$30,950,205
Ting Tsung And Wei Fong Chao Foundation
Houston, TX
$26,108,691
Jay Pritzker Foundation
Houston, TX
$9,950,464
William K Warren Foundation
Tulsa, OK
$34,266,089
Inasmuch Foundation
Oklahoma City, OK
$49,887,073
Edward N And Della L Thome Memorial Foundation
Dallas, TX
$5,661,914
The Cullen Foundation
Houston, TX
$18,825,483
Stanley E Fulton Family Foundation
Dallas, TX
$10,824,084
Union General Hospital
Farmerville, LA
$21,653,224
Karakin Foundation
Abilene, TX
$29,695,673
Centerpoint Energy Foundation Inc
Houston, TX
$5,340,538
Fore Kids Foundation Inc
Avondale, LA
$17,405,479
Addy Foundation
Dallas, TX
$6,993,780
Houston In Action
Houston, TX
$12,126,026
Willard And Pat Walker Charitable Foundation Inc
Fayetteville, AR
$11,017,809
Eula Mae And John Baugh Foundation
San Antonio, TX
$16,294,741
Impetus Foundation
San Antonio, TX
$7,635,616
Marshall Legacy Foundation
Metairie, LA
$15,687,056
Joseph W Craft Iii Foundation
Tulsa, OK
$22,976,192
Coulter Family Foundation
Fort Worth, TX
$11,091,311

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