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    <Timestamp>2011-11-15T11:17:48-08:00</Timestamp>
    <TaxPeriodEndDate>2010-12-31</TaxPeriodEndDate>
    <PreparerFirm>
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        <BusinessNameLine1>ORACLE ADVISORY SERVICES LLC</BusinessNameLine1>
      </PreparerFirmBusinessName>
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        <AddressLine1>100 GRAND ST 4TH FLOOR</AddressLine1>
        <City>NEW YORK</City>
        <State>NY</State>
        <ZIPCode>100132674</ZIPCode>
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    <ReturnType>990PF</ReturnType>
    <TaxPeriodBeginDate>2010-01-01</TaxPeriodBeginDate>
    <Filer>
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      <Name>
        <BusinessNameLine1>THE KARP FAMILY FOUNDATION</BusinessNameLine1>
      </Name>
      <NameControl>KARP</NameControl>
      <Phone>9175929394</Phone>
      <USAddress>
        <AddressLine1>326 ROUND HILL RD</AddressLine1>
        <City>GREENWICH</City>
        <State>CT</State>
        <ZIPCode>06831</ZIPCode>
      </USAddress>
    </Filer>
    <Officer>
      <Name>JASON H KARP</Name>
      <Title>TRUSTEE</Title>
      <Phone>9175929394</Phone>
      <DateSigned>2011-11-14</DateSigned>
    </Officer>
    <Preparer>
      <Name>JASON T EOANIDIS CPA</Name>
      <Phone>2128569594</Phone>
    </Preparer>
    <TaxYear>2010</TaxYear>
    <BuildTS>2016-02-24 21:20:13Z</BuildTS>
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        <Overpayment>1653</Overpayment>
        <AmountCreditedToNextYear>0</AmountCreditedToNextYear>
        <AmountToBeRefunded>1653</AmountToBeRefunded>
      </ExciseTaxBasedOnInvestmentIncm>
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        <ApplicableInsuranceContract>false</ApplicableInsuranceContract>
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        <WebsiteAddress>N/A</WebsiteAddress>
        <BooksInCareOfBusinessName>
          <BusinessNameLine1>ORACLE ADVISORY SERVICES LLC</BusinessNameLine1>
        </BooksInCareOfBusinessName>
        <BooksInCareOfPhoneNumber>2128569594</BooksInCareOfPhoneNumber>
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          <AddressLine1>110 GREENE STREET SUITE 1100</AddressLine1>
          <City>NEW YORK</City>
          <State>NY</State>
          <ZIPCode>10012</ZIPCode>
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        <ForeignBank>false</ForeignBank>
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        <PaymentToGovernmentOffical>false</PaymentToGovernmentOffical>
        <UncorrectedPriorActs>false</UncorrectedPriorActs>
        <UndistributedIncomePriorYears>false</UndistributedIncomePriorYears>
        <BusinessHoldings>false</BusinessHoldings>
        <JeopardyInvestments>false</JeopardyInvestments>
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        <NoncharitablePurpose>false</NoncharitablePurpose>
        <RcvFundsToPayPrsnlBnftContract>false</RcvFundsToPayPrsnlBnftContract>
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        <ProhibitedTaxShelterTransactn>false</ProhibitedTaxShelterTransactn>
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        <OfcrDirTrusteesOrKeyEmployee>
          <PersonName>JESSICA KARP</PersonName>
          <USAddress>
            <AddressLine1>326 ROUND HILL ROAD</AddressLine1>
            <City>GREENWICH</City>
            <State>CT</State>
            <ZIPCode>06831</ZIPCode>
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          <Title>TRUSTEE</Title>
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          <ContriToEmplBenefitPlansEtc>0</ContriToEmplBenefitPlansEtc>
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        </OfcrDirTrusteesOrKeyEmployee>
        <OfcrDirTrusteesOrKeyEmployee>
          <PersonName>JASON KARP</PersonName>
          <USAddress>
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            <City>GREENWICH</City>
            <State>CT</State>
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          <Title>TRUSTEE</Title>
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          <ContriToEmplBenefitPlansEtc>0</ContriToEmplBenefitPlansEtc>
          <ExpenseAccountOtherAllowances>0</ExpenseAccountOtherAllowances>
        </OfcrDirTrusteesOrKeyEmployee>
        <CompOfHighestPaidEmplNONE>NONE</CompOfHighestPaidEmplNONE>
        <TotNumberOfOthEmplPaidOver50k>0</TotNumberOfOthEmplPaidOver50k>
        <CompOfHghstPaidCntrctNONE>NONE</CompOfHghstPaidCntrctNONE>
        <TotNumberOfCntrctPaidOver50k>0</TotNumberOfCntrctPaidOver50k>
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      <MinimumInvestmentReturn>
        <AvgMonthlyFMVOfSecurities>0</AvgMonthlyFMVOfSecurities>
        <AvgMonthlyCashBalances>2092</AvgMonthlyCashBalances>
        <FMVAllOtherNoncharitableAssets>0</FMVAllOtherNoncharitableAssets>
        <TotalFMVOfUnusedAssets>2092</TotalFMVOfUnusedAssets>
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        <CashDeemedCharitable>31</CashDeemedCharitable>
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        <DistributableAmountBeforeAdj>103</DistributableAmountBeforeAdj>
        <DistributableAmountBeforeDed>103</DistributableAmountBeforeDed>
        <DistributableAmountAsAdjusted>103</DistributableAmountAsAdjusted>
      </DistributableAmount>
      <QualifyingDistributions>
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        <QualifyingDistributions>42000</QualifyingDistributions>
        <AdjQualifyingDistributions>42000</AdjQualifyingDistributions>
      </QualifyingDistributions>
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        <ExcessDistriCarryoverYear4>3829</ExcessDistriCarryoverYear4>
        <ExcessDistriCarryoverYear3>214237</ExcessDistriCarryoverYear3>
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        <ExcessDistriCarryoverYear1>66509</ExcessDistriCarryoverYear1>
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        <RemainingDistriFromCorpus>42000</RemainingDistriFromCorpus>
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        <UndistributedIncomeCY>103</UndistributedIncomeCY>
        <ExcessDistriCyovToNextYear>433929</ExcessDistriCyovToNextYear>
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        <ExcessFromYear1>66509</ExcessFromYear1>
        <ExcessFromCurrentYear>42000</ExcessFromCurrentYear>
      </UndistributedIncome>
      <SupplementaryInformation>
        <ContributingManager>JASON H KARP</ContributingManager>
        <ShareholderManager>NONE</ShareholderManager>
        <OnlyContributesToPreselected>X</OnlyContributesToPreselected>
        <GrantOrContriPaidDuringYear>
          <RecipientBusinessName>
            <BusinessNameLine1>LOOMIS CHAFFEE</BusinessNameLine1>
          </RecipientBusinessName>
          <RecipientUSAddress>
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            <City>WINDSOR</City>
            <State>CT</State>
            <ZIPCode>06095</ZIPCode>
          </RecipientUSAddress>
          <RecipientFoundationStatus>SEC 509(A)(1)</RecipientFoundationStatus>
          <PurposeOfGrantOrContribution>GENERAL PURPOSE</PurposeOfGrantOrContribution>
          <Amount>5000</Amount>
        </GrantOrContriPaidDuringYear>
        <GrantOrContriPaidDuringYear>
          <RecipientBusinessName>
            <BusinessNameLine1>TRUSTEES OF THE UNIVESITY OF PENNSYLVANIA</BusinessNameLine1>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1>3451 WALNUT STREET 433 FRANKLIN BUI</AddressLine1>
            <City>PHILADELPHIA</City>
            <State>PA</State>
            <ZIPCode>191046205</ZIPCode>
          </RecipientUSAddress>
          <RecipientFoundationStatus>SEC 509(A)(1)</RecipientFoundationStatus>
          <PurposeOfGrantOrContribution>GENERAL PURPOSE</PurposeOfGrantOrContribution>
          <Amount>10000</Amount>
        </GrantOrContriPaidDuringYear>
        <GrantOrContriPaidDuringYear>
          <RecipientBusinessName>
            <BusinessNameLine1>HEBREW HEALTH CARE</BusinessNameLine1>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1>1 ABRAHMS BOULEVARD</AddressLine1>
            <City>WEST HARFORD</City>
            <State>CT</State>
            <ZIPCode>06117</ZIPCode>
          </RecipientUSAddress>
          <RecipientFoundationStatus>SEC 509(A)(1)</RecipientFoundationStatus>
          <PurposeOfGrantOrContribution>GENERAL PURPOSE</PurposeOfGrantOrContribution>
          <Amount>5000</Amount>
        </GrantOrContriPaidDuringYear>
        <GrantOrContriPaidDuringYear>
          <RecipientBusinessName>
            <BusinessNameLine1>THE JEWISH FEDERATION OF GREATER HARTFORD</BusinessNameLine1>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1>333 BLOOMFIELD AVE C</AddressLine1>
            <City>WEST HARTFORD</City>
            <State>CT</State>
            <ZIPCode>06117</ZIPCode>
          </RecipientUSAddress>
          <RecipientFoundationStatus>SEC 509(A)(1)</RecipientFoundationStatus>
          <PurposeOfGrantOrContribution>GENERAL PURPOSE</PurposeOfGrantOrContribution>
          <Amount>6000</Amount>
        </GrantOrContriPaidDuringYear>
        <GrantOrContriPaidDuringYear>
          <RecipientBusinessName>
            <BusinessNameLine1>BABY BUGGY</BusinessNameLine1>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1>306 W 37TH STREET 8TH FLOOR</AddressLine1>
            <City>NEW YORK</City>
            <State>NY</State>
            <ZIPCode>10018</ZIPCode>
          </RecipientUSAddress>
          <RecipientFoundationStatus>SEC 509(A)(1)</RecipientFoundationStatus>
          <PurposeOfGrantOrContribution>GENERAL PURPOSE</PurposeOfGrantOrContribution>
          <Amount>2500</Amount>
        </GrantOrContriPaidDuringYear>
        <GrantOrContriPaidDuringYear>
          <RecipientBusinessName>
            <BusinessNameLine1>BOUNDLESS PLAYGROUND</BusinessNameLine1>
          </RecipientBusinessName>
          <RecipientUSAddress>
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            <City>NEW HAVEN</City>
            <State>CT</State>
            <ZIPCode>06510</ZIPCode>
          </RecipientUSAddress>
          <RecipientFoundationStatus>SEC 509(A)(1)</RecipientFoundationStatus>
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        </GrantOrContriPaidDuringYear>
        <GrantOrContriPaidDuringYear>
          <RecipientBusinessName>
            <BusinessNameLine1>CONGREGATION EMANUE-EL</BusinessNameLine1>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1>ONE EAST SIXTY-FIFTH STREET</AddressLine1>
            <City>NEW YORK</City>
            <State>NY</State>
            <ZIPCode>10065</ZIPCode>
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          <RecipientFoundationStatus>SEC 509(A)(1)</RecipientFoundationStatus>
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        <GrantOrContriPaidDuringYear>
          <RecipientBusinessName>
            <BusinessNameLine1>MINDS MATTER</BusinessNameLine1>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1>DETAILS AVAIABLE UPON REQUEST</AddressLine1>
            <City>NA</City>
            <State>NY</State>
            <ZIPCode>10012</ZIPCode>
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