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

Thanks to our friends at Flash Point Customs in Rochester, we have a new logo for the Foundation!
We've been looking for a new logo for a while and this one seems to fit us well. We love the tree, as it represents "family" and George & Kathy are all about family (it's our middle name).
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Thanks to our friends at Flash Point Customs in Rochester, we have a new logo for the Foundation! 
Weve been looking for a new logo for a while and this one seems to fit us well. We love the tree, as it represents family and George & Kathy are all about family (its our middle name).

Comment on Facebook

Very nice!!👍😊

Looks great and really ties in the good work you do !

Good people at Flash Point.

Keep up the good work!♥️♥️


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3 weeks ago
Karpus Family Foundation

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1 month 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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I'm very excided to announce that we have approved several new grants for 2023, including one for the Gary Sinise Foundation! We will be collaborating to build homes for our military veterans who need less physical barriers for them to be more independent and live a happier and productive life.
This was introduced to us by our friends Romy and Gaby from Stay In Step Brain and Spinal Cord Injury Recovery in Tampa, who recently received their own "forever home" from the Gary Sinise Foundation. This is a huge undertaking and we are grateful to all of our men & women in the armed forces. Thank you for your service!

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AMAZING 🥲 thank you 😊

Congratulations! ♥️♥️

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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