Private Foundation

KARA J TROTT FAMILY FOUNDATION AKA LIFE LEAP FOUNDATION

KARA J TROTT FAMILY FOUNDATION AKA LIFE LEAP FOUNDATION is a Private Foundation headquartered in Wilmington, DE. Financial data from the 2024 filing: $74K revenue, $1.4M expenses, $1.9M total assets. IRS filings disclose 31 grants awarded by this foundation, totaling roughly $4.7M.

EIN: 821454838 Wilmington, DE Latest filing: 2024

Total Revenue$74K

Total Expenses$1.4M

Total Assets$1.9M

Grants Given31

Grant Total$4.7M

Filing Years2020–2024

Sample Grants Given

OHIO STATE UNIVERSITY FOUNDATION

COLUMBUS, OH · 2024

Life Leap Foundation Research Innovation Fund

$500,000

MAKE-A-WISH FOUNDATION OF OHIO KENTUCKY AND INDIAN

COLUMBUS, OH · 2024

General & Unrestricted

$250,000

HEARTLAND HIGH SCHOOL

COLUMBUS, OH · 2024

Life Leap Scholarship Fund

$200,000

CHRISCROSS FOUNDATION

HINSDALE, IL · 2024

Foundation House Scholarship Fund

$100,000

O S U CHABAD HOUSE INC

NEW ALBANY, OH · 2024

Kitchen of Life Program

$80,000

Showing up to 5 of 31 total records — full history available with membership.

Officers & Directors

Treas, Dir, Pres Kara J Trott

Dir Mikhail Alexander Gebhardt

Dir, Sec Robert W Philips

Officer compensation and complete director data available with membership.

Top Grant Purposes

General & Unrestricted

$1,014,000 10 grants

Trott Gebhardt Phillips Endowment fund

$1,000,000 1 grant

Life Leap Foundation Research Innovation Fund

$1,000,000 2 grants

Life Leap Scholarship Fund

$400,000 2 grants

TROTT FAMILY SCHOLARSHIP FUND

$400,000 2 grants

Financial Trends

Year	Revenue	Expenses	Assets
2024	$74K	$1.4M	$1.9M
2023	$-58K	$1.4M	$3.3M
2022	$562K	$1.5M	$4.8M
2021	$1.6M	$535K	$6.0M
2020	$5.0M	$5K	$5.0M

Between 2020 and 2024, reported annual revenue declined from $5.0M to $74K (-99%), with total assets most recently reported at $1.9M.

Interactive year-over-year charts and full filing details available with membership.

Grant Geography

Grants from this foundation were reported to recipients in IL, MD, OH, PA.

ILMDOHPA

Full geographic grant map with state-by-state breakdown available with membership.

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