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Mel Karmazin Foundation

Profile

Last Updated: 2016-02-10

At A Glance

Mel Karmazin Foundation

1 Central Park W., Ste. 48B

New York City, NY United States 10023-7703

Telephone: 6099245939

Type of Grantmaker

Independent foundation

Additional Descriptor

  • Celebrity: Business; Entertainment

Financial Data

(yr. ended 2013-12-31)

Assets: $13,290,415

Total giving: $2,512,750

EIN

311620186

Background

Established in DE and NY in 1998 - Founded by Melvin "Mel" Karmazin, a radio and television business executive. He is co-founder and President of Infinity Broadcasting Corp. He is the former C.E.O. of Sirius/XM Radio, the holding company for two satellite radio services. Karmazin has been inducted into the Broadcasting Hall of Fame and the Radio Hall of Fame. He is a recipient of the National Association of Broadcasters National Radio Award and the IRTS Gold Medal.

Purpose and Activities

Giving primarily for medical research, particularly for autism, as well as for children and social services.

Fields of Interest

Subjects
  • Autism
  • Child welfare
  • Diseases and conditions
  • Human services
Population Groups
  • Academics
  • Children and youth
  • Economically disadvantaged people
  • Low-income and poor people
  • People with disabilities
  • People with psychosocial disabilities
  • Students

Financial Data

Year ended 2013-12-31

Assets: $13,290,415 (market value)

Gifts received: $4,175,000

Expenditures: $2,688,203

Total giving: $2,512,750

Qualifying distributions: $2,606,839