The Karol Fund
Accepts applications
The Karol Fund is a private foundation in Fox Point, Wisconsin. In tax year 2025 it gave $245,000 in 13 grants; the typical grant was $20,000 and the largest $50,000. It accepts applications; its filing gives the instructions below.
From its IRS Form 990-PF for tax year 2025.
- Grants paid, 2025$245,000
- Number of grants13
- Typical grant$20,000
- Largest grant$50,000
- Assets$164,615
- New grantees23%
Giving in 2025 was down from $750,000 the year before.
23% of its 2025 grantees had not received a grant from it the year before, a mix of repeat and new grantees.
Giving by year
| Tax year | Grants paid | Number of grants | Assets |
|---|---|---|---|
| 2023 | $255,000 | 13 | $116,943 |
| 2024 | $750,000 | 14 | $11,046 |
| 2025 | $245,000 | 13 | $164,615 |
How to apply
| Contact | Edward P Mooney Jr 7038 North Beach Drive, Fox Point, WI 53217 |
|---|---|
| Phone or email | (414) 228-5124 |
| What to submit | Applications should be typed and include name, address, and phone number of individual submitting the grant request. |
| 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. |
What The Karol Fund funds
Where it gives
Its grants went to recipients in 3 states, the most to Wisconsin.
| State | Grants | Amount |
|---|---|---|
| Wisconsin | 11 | $215,000 |
| Massachusetts | 1 | $25,000 |
| Pennsylvania | 1 | $5,000 |
Grants paid in 2025
| Recipient | Purpose | Amount |
|---|---|---|
| St Francis de Sales Seminary - Annual Appeal | Annual support | $50,000 |
| Archdiocese of Milwaukee - Stewardship Appeal | Annual support | $40,000 |
| Archdiocese of Milwaukee - Love One Another Capital Campaign | Annual support | $30,000 |
| Boston College - Institute for Advanced Jesuit Studies | Annual support | $25,000 |
| Seton Catholic Schools | Annual support | $25,000 |
| Milwaukee Catholic Home | Annual support | $25,000 |
| Divine Savior Holy Angels - Forward in Faith Capital Campaign | Annual support | $20,000 |
| Archdiocese of Milwaukee - Catholic Schools Dinner | Annual support | $10,000 |
| Greensburg Central Catholic School | Annual support | $5,000 |
| St Josephat Basilica Foundation | Annual support | $5,000 |
| Women's Support Center of Milwaukee | Annual support | $5,000 |
| Milwaukee Rescue Mission | Annual support | $2,500 |
| St Anthony School | Annual support | $2,500 |
Officers and trustees
- Edward P Mooney Jr
- Bridie Ann Mooney
Questions people ask
Does The Karol Fund accept grant applications?
Yes. Its latest IRS filing says it accepts applications.
How much does The Karol Fund give?
$245,000 in tax year 2025, across 13 grants, with a typical grant of $20,000.
Who runs The Karol Fund?
Its 2025 filing lists Edward P Mooney Jr (Trustee) and Bridie Ann Mooney (Trustee).
What does The Karol Fund fund?
Based on its grants, mainly faith communities and education.