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THE HERBERT M KAROL FOUNDATION

Boston, MA Tax ID: 11-2725073

The Herbert M Karol Foundation, based in Boston, supports health, religion, and human services projects, primarily in Coral Gables, FL, with a leadership team serving without compensation.

About THE HERBERT M KAROL FOUNDATION

Comprehensive foundation profile based on the most recent IRS Form 990 filing

The Herbert M Karol Foundation is a philanthropic organization based in Boston, Massachusetts, with a focus on supporting initiatives in health, diseases and conditions, religion, and human services. Despite its modest financial size, with assets totaling $74,348 and annual expenses of $17,279, the foundation actively contributes to its mission. In the past year, it generated a revenue of $34,693. The foundation has funded projects in Coral Gables, Florida. The leadership team consists of Steven E. Karol as President, Joan L. Karol as Chairperson, Jane M. Karol as Secretary, William S. Karol and Thomas D. Karol as Directors, and Howard Cooper as Treasurer. Notably, all members of the leadership team serve without compensation.

Focus Areas

HealthDiseases and conditionsReligionHuman services

Geographic Focus

FL

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Key Statistics
Total Assets $74K
Total Awarded This Year $13K
Average Grant Size $52
Total Grants (Previous Year) 258
Open to New Applicants
% New Applicants Funded
Contact Information
Boston, MA
Geographic Funding Distribution

Financials

Total Assets
$74K

+2.6% from previous year

Annual Grants
$13K

1 grants awarded in 2024

Expense Ratio
49.8%

Of total revenue spent on programs

Annual Grant Distribution
Revenue vs Expenses
Assets Over Time

Grants

Grant Awards
PurposeLocation
$16,666BAPTIST HEALTH FOUNDATIONMIAMI CANCER INSTITUTE PLEDGECoral gables, FL, US2023
$13,334BAPTIST HEALTH FOUNDATIONMIAMI CANCER INSTITUTE PLEDGECoral gables, FL, US2024

People

Leadership & Staff

Compensation data from most recent available 990 forms

SE

STEVEN E KAROL

PRESIDENT

$0 2024
JL

JOAN L KAROL

CHAIRPERSON

$0 2024
JM

JANE M KAROL

SECRETARY

$0 2024
WS

WILLIAM S KAROL

DIRECTOR

$0 2024
HC

HOWARD COOPER

TREASURER

$0 2024
Showing 5 of 6 leadership and staff members

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Financial data sourced from IRS 990 forms via ProPublica Nonprofit Explorer

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Last updated on August 25, 2025

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