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Nonprofit · EIN 13-3999708

KAREV FOUNDATION INC

Tax-exempt · PALM BEACH, FL 33480

Financials

$421K$3.9M2023$2.6M$3.5M2024
Revenue Expenses · by fiscal year end
Financials of KAREV FOUNDATION INC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990-PF$2,567,516$3,479,763-$912,247$2,792,288$1,091,471$1,700,817
December 31, 2023990-PF$421,255$3,923,658-$3,502,403$4,040,548$1,593,538$2,447,010
Financial details: 990-PF for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$2,000,000
Dividends
$116,684
Net gain from sales of assets
$96,694
Other income
$354,138

Expenses

Grants and similar amounts paid
$3,423,965
Compensation of officers, directors and key employees
$0
Disbursements for charitable purposes
$3,447,726
Excise tax on investment income
$2,583

Balance sheet and other

Total assets, start of year
$4,040,548
Total assets, end of year
$2,792,288
Total liabilities, end of year
$1,091,471
Net assets, end of year
$1,700,817
Fair market value of assets
$2,792,288
Qualifying distributions
$3,447,726
Net investment income
$213,378

From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.

Officers, directors and key employees

As listed on the 990-PF for the year ended December 31, 2024, highest compensation first.

NameTitleHours / weekCompensation
AMANDA LEVINE
249 ROYAL PALM WAY STE 501, PALM BEACH, FL 33480
VICE PRESIDENT1$0
CHARLES R BRONFMAN
249 ROYAL PALM WAY STE 501, PALM BEACH, FL 33480
CHAIRMAN2$0
ELLEN BRONFMAN HOFFMAN
249 ROYAL PALM WAY STE 501, PALM BEACH, FL 33480
SUCESSOR CO-CHAIR & VP1$0
JEFFREY SOLOMON
249 ROYAL PALM WAY STE 501, PALM BEACH, FL 33480
PRESIDENT2$0
JOHN HOOVER
249 ROYAL PALM WAY STE 501, PALM BEACH, FL 33480
SECRETARY1$0
RICHARD DOYLE
249 ROYAL PALM WAY STE 501, PALM BEACH, FL 33480
TREASURER1$0
STEPHEN R BRONFMAN
249 ROYAL PALM WAY STE 501, PALM BEACH, FL 33480
SUCESSOR CO-CHAIR & VP1$0
990-PF for the year ended December 31, 2023: 7 people
NameTitleHours / weekCompensation
AMANDA LEVINE
249 ROYAL PALM WAY STE 501, PALM BEACH, FL 33480
VICE PRESIDENT1$0
CHARLES R BRONFMAN
249 ROYAL PALM WAY STE 501, PALM BEACH, FL 33480
CHAIRMAN2$0
ELLEN BRONFMAN HOFFMAN
249 ROYAL PALM WAY STE 501, PALM BEACH, FL 33480
SUCESSOR CO-CHAIR & VP1$0
JEFFREY SOLOMON
249 ROYAL PALM WAY STE 501, PALM BEACH, FL 33480
PRESIDENT2$0
JOHN HOOVER
249 ROYAL PALM WAY STE 501, PALM BEACH, FL 33480
SECRETARY1$0
RICHARD DOYLE
249 ROYAL PALM WAY STE 501, PALM BEACH, FL 33480
TREASURER1$0
STEPHEN R BRONFMAN
249 ROYAL PALM WAY STE 501, PALM BEACH, FL 33480
SUCESSOR CO-CHAIR & VP1$0

Address and contacts

Address (IRS master file)
249 ROYAL PALM WAY STE 501, PALM BEACH, FL 33480-4311
In care of
% JEFFREY SOLOMON
Signed the 990-PF
JOHN HOOVER, SVP
Phone
(561) 802-3982
Return prepared by
COHNREZNICK ADVISORY LLC

What it must file and when

IRS records say it files Form 990-PF. Private foundations file every year. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990-PF on file
2023December 31, 2023May 15, 2024990-PF on file

IRS record

EIN
13-3999708
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
Private non-operating foundation
Donations deductible (Pub 78)
Private foundation, 30% limit
Exempt since
1998
Accounting year ends
December
Files
Form 990-PF
Assets (IRS master file)
$2,792,288
Income (IRS master file)
$13,484,235

Filing history

FormYear endedRevenueExpensesAssetsReturn
990-PFDecember 2024$2,567,516$3,479,763$2,792,288IRS
990-PFDecember 2023$421,255$3,923,658$4,040,548XML
990-PFDecember 2022–––IRS
990-PFDecember 2021–––IRS
990-PFDecember 2020–––IRS
990-PFDecember 2018–––IRS

990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 13-3999708).

Questions about KAREV FOUNDATION INC

What is the EIN of KAREV FOUNDATION INC?
The employer identification number (EIN) of KAREV FOUNDATION INC is 13-3999708.
Is KAREV FOUNDATION INC tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1998.
Are donations to KAREV FOUNDATION INC tax-deductible?
Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
Which annual return does KAREV FOUNDATION INC file?
Form 990-PF. Private foundations file every year.
When is the next return of KAREV FOUNDATION INC due?
The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did KAREV FOUNDATION INC last file with the IRS?
The latest return in the IRS public files is the 990-PF for the year ended December 2024.
Who are the officers and directors of KAREV FOUNDATION INC?
The 990-PF for the year ended December 31, 2024 lists 7 people; 0 received compensation from the organization.
How much revenue does KAREV FOUNDATION INC have?
On its 990-PF for the year ended December 31, 2024 it reported revenue of $2,567,516, expenses of $3,479,763 and total assets of $2,792,288 at year end.

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