The Karol Fund
Historical FunderFox Point, Wisconsin · EIN 20-0350673 · Private foundation
Half of its grants to organizations were between $5,000 and $25,000.
How to apply
The foundation filed the following application information (Form 990-PF Part XV, tax year 2025):
| Contact | EDWARD P MOONEY JR |
|---|---|
| Address | 7038 NORTH BEACH DRIVE, FOX POINT WI 53217 |
| Phone | 4142285124 |
| Form and materials | APPLICATIONS SHOULD BE TYPED AND INCLUDE NAME, ADDRESS, AND PHONE NUMBER OF INDIVIDUAL SUBMITTING THE GRANT REQUEST. |
| Deadlines | NONE |
| Restrictions | NO DISTRIBUTIONS SHALL BE MADE TO ORGANIZATIONS WITH BELIEFS IN CONFLICT WITH THE HOLY ROMAN CATHOLIC CHURCH. SPECIFICALLY, AND WITHOUT LIMITATION, NO GRANTS SHALL BE MADE TO ORGANIZATIONS THAT SUPPORT ABORTION, EUTHANASIA, OR CAPITAL PUNISHMENT. |
Copied as filed. Deadlines on a tax return describe the foundation's usual process; they are not confirmation of a current open cycle.
What it funds
Share of grant lines on the latest return, classified from the purpose each grant states.
Where it gives
15% of grants went outside Wisconsin.
Grants paid in tax year 2025
| Recipient | Location | Purpose | Amount |
|---|---|---|---|
| St Francis de Sales Seminary - Annual Appeal | St Francis, WI | Annual support | $50,000 |
| Archdiocese of Milwaukee - Stewardship Appeal | Milwaukee, WI | Annual support | $40,000 |
| Archdiocese of Milwaukee - Love One Another Capital Campaign | Milwaukee, WI | Annual support | $30,000 |
| Boston College - Institute for Advanced Jesuit Studies | Chestnut Hill, MA | Annual support | $25,000 |
| Seton Catholic Schools | Milwaukee, WI | Annual support | $25,000 |
| Milwaukee Catholic Home | Milwaukee, WI | Annual support | $25,000 |
| Divine Savior Holy Angels - Forward in Faith Capital Campaign | Milwaukee, WI | Annual support | $20,000 |
| Archdiocese of Milwaukee - Catholic Schools Dinner | Milwaukee, WI | Annual support | $10,000 |
| Greensburg Central Catholic School | Greensburg, PA | Annual support | $5,000 |
| St Josephat Basilica Foundation | Milwaukee, WI | Annual support | $5,000 |
| Women's Support Center of Milwaukee | Milwaukee, WI | Annual support | $5,000 |
| Milwaukee Rescue Mission | Milwaukee, WI | Annual support | $2,500 |
| St Anthony School | Milwaukee, WI | Annual support | $2,500 |
Giving by year
| Tax year | Grants paid | Grant lines |
|---|---|---|
| 2025 | $245,000 | 13 |
| 2024 | $750,000 | 14 |
| 2023 | $255,000 | 13 |
Sources
- IRS Form 990-PF, tax year 2025, filed May 4, 2026 - IRS e-file batch, object ID 202631249349101503
- IRS Tax Exempt Organization Search for EIN 20-0350673
- Profile updated Nov 5, 2026
Facts on this page come from the foundation's own IRS Form 990-PF filings as published by the IRS. Grantvello does not know whether a foundation is accepting proposals right now: a past grant is not an open opportunity. Always confirm current guidelines with the funder before applying.