OVERVIEW: Real estate mogul Bruce Karatz and family move their philanthropy through the Bruce Karatz Family Foundation, whose grantmaking focuses on Los Angeles. Interests include education and human services.
IP TAKE: The foundation keeps a low profile and does not accept unsolicited proposals.
FUNDING AREAS: Education & Youth, Health, Jewish Causes, Arts & Culture, Policy
PROFILE: After graduating from Boston University and University of Southern California, Bruce Karatz worked as associate general counsel for Kaufman & Broad. He rose through the ranks, eventually becoming CEO. The Southern California-based home building company eventually transformed into a Fortune 500 company known as KB Home
In the wake of the 1992 Los Angeles riots, Karatz and Kaufman & Broad helped spearhead the effort to rebuild Camp Hollywoodland for inner-city youth. The Karatz family also moves philanthropy through the Bruce Karatz Family Foundation, which gave away a little over $400,000 recently.
The foundation keeps a low profile and does not accept unsolicited proposals. Generally, grants are under $50,000. Los Angeles grantmaking interests include education and youth, health, Jewish causes, the arts, and policy.
Grantees have included USC Gould School of Law (Karatz is a Trojan), Wilshire Boulevard Temple, LA Conservation Corps, The Anti-Recidivism Coalition, Phoenix House, Homeboy Industries, LACMA, and MOCA, which has received particularly strong support of late.
Again, because the foundation keeps a low profile, it’s tough to ascertain exactly what Karatz looks for in its Los Angeles grantees. It’s also worth noting that Bruce Karatz’s wife Lilly is a cancer activist who co-founded the Revlon Run/Walk events in New York and Los Angeles.
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The Bruce Karatz Family Foundation does not provide a clear avenue of contact, but below is an address:
Bruce Karatz Family Foundation
355 S. Grand Ave. Ste. 1710
Los Angeles, CA 90071