Helping people and animals in need through pride in work and education.


The Foundation is organized and shall be operated exclusively for charitable, scientific, literary or educational purposes within the meaning of Section 501(c)(3) of the Internal Revenue Code of 1986, as amended (the “Code”). In particular, the Foundation is organized to accept, hold, administer and distribute such funds as may from time to time be contributed to the Foundation for charitable, scientific, literary or educational purposes as determined by the Foundation’s Board of Directors, all within the meaning of Section 501(c)(3) of the Code, including:


Training and assisting disabled individuals and disabled armed forces veterans to become productive workers and lead productive lives.



Preventing the abuse to women and children and providing medical and health services to such abused women and children who cannot otherwise afford it.


Fostering the role of education in preventing community violence and reducing the threat of criminals to society.



Preventing cruelty to animals and caring of displaced animals; provided, however, that no support shall be provided to medical charities that cause suffering to animals.


Providing anti-abortion incentives and right to life education to the general Christian/Judeo public.


Supporting medical institutions that provide leading edge treatment and research.


Providing educational assistance in the form of grants and scholarships to individuals of a charitable class, provided, however that grants or scholarships shall not be awarded either to individuals who are employed by the Foundation or to the children of individuals who are employed by the Foundation.


Supporting organizations that promote: sound, conservative economic principals and education, free markets, capitalism, and the United States Constitution.
George Karpus, Karpus Family Foundation


I come from a rather humble background. My father was a sixth grade educated Pennsylvania coal miner who suffered a crushed pelvis in the mines and then worked in a sheltered work shop in Binghamton, NY later in life. My mother worked in a factory putting jackets on books. Together, they never made $20,000 in any year. My father taught me work ethic and to never quit. My mother taught me how to save and manage a budget

Armed with a strong foundation from my parents, educational experiences at St. Lawrence and Rensselaer Polytechnic Institute, and valuable early career experiences at Bache & Co., Shearson Hayden-Stone, and Marine Midland Bank, I was able to start Karpus Investment Management in May of 1986. Thirty years ago, I could never have imagined the success that we have achieved. To me, life is all about friends, family and helping those in need.

Therefore, I have started The Karpus Family Foundation, a not-for-profit 501(c)(3) corporation, with an emphasis on helping people and animals in need. Promoting education is also a goal, with the ultimate objective of helping people live a productive life. My father never realized that the sheltered workshop where he worked was subsidized by donations. He took pride in the fact that he was working and earning a paycheck. This pride and sense of satisfaction is something I hope to rekindle in people who benefit from the Karpus Family Foundation.


George W Karpus Signature



George W. Karpus
President of the Karpus Family Foundation


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We received an invitation from the awesome folks at the Gary Sinise Foundation this week to attend a home dedication ceremony for a well-deserving American Military Veteran who received his new custom, smart-technology home that is built for his needs. Unfortunately, we weren’t in the right location to make this happen, but so proud to support an organization like the Gary Sinise Foundation. These people are amazing and truly doing the work that our country should be doing for these real heroes.
On behalf of all the grateful Americans at KFF, we would like to congratulate and thank U.S. Army 1st Sgt. (Ret.) John Borders for his service and sacrifices to this great nation. God bless you and your new forever home. 🇺🇸
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Comment on Facebook

Congratulations Sgt. Borders. So deserving. Thank you for your service❤️

2 months ago
Karpus Family Foundation

Our friends at Karpus Investment Management are hosting a blood drive. Please join us on June 6th at the KIM office in Pittsford, NY. ... See MoreSee Less

Our friends at Karpus Investment Management are hosting a blood drive. Please join us on June 6th at the KIM office in Pittsford, NY.
2 months ago
Karpus Family Foundation

What a great day! We had the pleasure of working with our friends at Sleep in Heavenly Peace - NY, Rochester, Wegmans and the Irondequoit Fire District. Volunteers from all of these organizations came together to build beds for Rochester kids in need. "No kid Sleeps on the Floor in our Town".
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Comment on Facebook

Wonderful organization 🥰

Good job 👍👍

Directors Joan and Rodd Riesenberger had the pleasure of meeting with the great people at Junior Achievement of Tampa Bay. We received a first rate tour and we’re able to see the Elementary and Middle Schoolers in action, learning business skills, communications and finance. It was a great chance to see in person what they will be building right here in Rochester at Junior Achievement of Central Upstate New York. Special thanks to Sally Eidge for taking the time to explain the program. Your knowledge and enthusiasm are outstanding. 
KFF is a proud sponsor of JA in ROC!
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Comment on Facebook

The “businesses “ are like the classes ? That’s AWESOME!

3 months ago
Karpus Family Foundation

Directors Rodd and Joan Riesenberger had the honor of touring K9s For Warriors in Ponte Vedra Beach, Florida. This place is amazing and they are really doing their part to save American veteran lives (and rescue dogs). We are very proud to support their efforts and are committed to helping them complete their mission. 🇺🇸 ... See MoreSee Less

Comment on Facebook

Thank you for the support!!

AWESOME....Looking good Chief!!!

Rodd Riesenberger that place looks amazing! I would love to learn more if you want to grab a drink when you get back.

K9s for Warriors is an Awesome organization!!

Wow! That is awesome. Great work!!!

Good job Kids

Susan Waud


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Our Board

George Karpus

✉️ [email protected]

Kathy Karpus

✉️ [email protected]

Rodd Riesenberger


✉️[email protected]

Paul Lipari


[email protected]

Tony Mirrione


✉️ [email protected]

Joan Riesenberger


✉️ [email protected]

Gerry Wenzke


✉️ [email protected]


We have had the privilege of working with over 30 nonprofit organizations, including…
Miracle Field
Building Homes for Heroes
Camp Good Days
Gigis Playhouse
Veterans Outreach Center
Home Base
Webster Association of Senior Program Supporters (WASPS)
Heritage Home for Women
Angels of Mercy

Cameron Communit

Humane Society of Rochester
Homeless Hounds
Satchel’s Last Resort
Puppies Behind Bars
Focus Pregnancy Help Center
Alliance Defending Freedom
Caring Choices Pregnancy Help Center
NET Research Foundation
Cancer Alliance of Naples
Hope Hall
Friends of Breakthrough Schools
Immokalee Foundation
Eagle Forum Foundation
Leadership Institute
Media Research Center
Daily Caller
Judicial Watch
Prager University Foundation
Project Veritas

Our Donations

In addition to the statistics below, we manage the “Karpus Fund” through the Rochester Area Community Foundation. Our yearly goal is to donate $1,000,000 through the RACF in addition to $1,000,000 through KFF.
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