The Karpus Family Foundation

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

OUR PURPOSE

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:

1.

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

 

2.

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

3.

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

 

4

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.

5.

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

6.

Supporting medical institutions that provide leading edge treatment and research.

7.

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.

8.

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

FOUNDER’S LETTER

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.

Sincerely,

George W Karpus Signature

 

 

George W. Karpus
President of the Karpus Family Foundation

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Laurentian Weekend 2022On Friday, October 7, Laurentians gathered at the entrance of Newell Field House for the dedication of the George W. Karpus ’68 Atrium. This recognition honors Karpus’ generous contributions to Saints Athletics and the entire St. Lawrence community. ... See MoreSee Less

Comment on Facebook

Congratulations!!💕💕💕

How awesome! Congratulations George ! 🎉❤️

That's awesome‼️Congratulations George ♥️

Awesome 👏

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KFF has sponsored two of these mobile ultrasound units and we’re very proud of the work these amazing medical professionals do. Saving lives and providing great care!“A refugee couple from Afghanistan was facing a new worry. The wife was pregnant, and they had nowhere to turn.

Though they could read little English, they recognized the word “pregnancy” plastered in bold letters on the side of our unit.

The husband spoke in halting English of his concern for his pregnant wife.

Without money, they didn’t think anyone would be willing to confirm a pregnancy.

We asked if they wanted a pregnancy test and they accepted by nodding their heads.

The test was positive, but when she told them, they didn’t understand right away.

Repeating herself, simplifying her words, she was finally able to make it clear.

When we asked what they planned to do, they couldn’t tell us. They didn’t know what they wanted.

We helped the expectant mother onto the exam table, and our RN performed the ultrasound.

She tried pointing out the intricacies of the little life on the screen. The baby was there, but the couple wasn’t grasping anything the nurse was trying to show them.

After exhausting what little English they knew, she looked at the screen herself and searched for something they might understand.

She positioned the ultrasound probe and put a hand on her chest. “Heart, heartbeat,” she said, tapping her chest again.

They looked from the nurse to the screen, peering closer.

“Heartbeat,” she repeated.

The husband's eyes widened. His mouth hung open. The nurse tried talking to him further, looking for a response, but he sat motionless.

After a few seconds of silence, he uttered a word under his breath in a thick accent.

He turned to his wife. “Heartbeat!” he said in a different language.

Her smile widened tentatively with his. Clasping hands, they stared at the screen in wonder.

Though born on the other side of the world, these two people stumbled upon our mobile clinic at just the right time.

And now three lives have been changed for the better because of one, simple word."

#savethestorks #storkbus #ultrasound #shareyourstory #prolife #prolifegeneration #prolifegen #healthcare #ultrasoundonwheels #prolifemovement #prolifeisprolove #prowoman #prolove
... See MoreSee Less

KFF has sponsored two of these mobile ultrasound units and we’re very proud of the work these amazing medical professionals do. Saving lives and providing great care!

Comment on Facebook

Awesome! Thank you Karpus family foundation ❤️

Awesome thank YOU for the blessings you share 🙏🙏🙏

Absolutely awesome KFF

Great work as always Karpus Family Foundation

We are very proud to support Puppy Mill Rescue Team: Adoptions and the amazing work they do to save animals. 🐾 ... See MoreSee Less

We are very proud to support Puppy Mill Rescue Team: Adoptions and the amazing work they do to save animals. 🐾Image attachment

Comment on Facebook

Great job!!!💕💕💕

Great work Karpus Foundation!!❤️❤️🐶🐶🐕🦮

What a very very cool thing to do !

That’s soo Awesome!❤️

🐶❤️🐶❤️🐶❤️🐶❤️🐶❤️🐶❤️🐶❤️🐶❤️🐶❤️🐶❤️🐶❤️🐶❤️

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George Karpus is a Chenango Forks Central School District alumni and greatly supports education. He has established the “George W Karpus ‘68” Scholarship specifically for students from Chenango Forks High School to attend St. Lawrence University. This year, we congratulate Cass Nowik and welcome her to SLU.Senior Spotlight: Cass Nowik is the President of National Honor Society, Art Club and her senior class. She’s also a member of CFTV and Media Club, Yearbook Club, Varsity Lacrosse and Indoor Track. She’s the District Videographer, President and Founder of InterAct Club and Founder of the newly established Product Pantry. Cass has won numerous scholarships and awards including the Akshar’s All-Star Award, Daughters of the American Revolution Good Citizen Award, George Karpus ’68 Scholarship Fund, Momentum Scholarship, St. Lawrence Grant and many more!
Cass says her favorite memory from Chenango Forks High School is working together as a class to do fundraising and community service to better our area and make a difference in people’s lives. She plans to attend St. Lawrence University to double major in English & Political Science with a minor in Government on the Pre-Law Track.

Congratulations, Cass! We are in awe of everything you’ve achieved at Chenango Forks and know you’ll go on to accomplish even greater things. Go change the world! #forksnation

Are you a senior and want to be featured on our social media accounts? Be sure to fill out our Google form: forms.gle/wjcg9RUFnj3xqU3j8
... See MoreSee Less

George Karpus is a Chenango Forks Central School District alumni and greatly supports education. He has established the “George W Karpus ‘68” Scholarship specifically for students from Chenango Forks High School to attend St. Lawrence University. This year, we congratulate Cass Nowik and welcome her to SLU.

Our Board

George Karpus

PRESIDENT
✉️ [email protected]

Kathy Karpus

VICE PRESIDENT / SECRETARY
✉️ [email protected]

Rodd Riesenberger

TREASURER

✉️[email protected]

Paul Lipari

DIRECTOR

✉️
[email protected]

Tony Mirrione

DIRECTOR

✉️ [email protected]

Joan Riesenberger

DIRECTOR

✉️ [email protected]

Gerry Wenzke

DIRECTOR

✉️ [email protected]

GRANT RECIPIENTS

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

EDWINS
Cameron Communit
Ministries

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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