The Robert D And Patricia E Kern Family Foundation Inc

Organization Overview

The Robert D And Patricia E Kern Family Foundation Inc is located in Waukesha, WI. The organization was established in 1999. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Robert D And Patricia E Kern Family Foundation Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.

For the year ending 12/2020, Robert D And Patricia E Kern Family Foundation Inc generated $43.5m in total revenue. This organization has experienced exceptional growth, as over the past 2 years, it has increased revenue by an average of 25.3% each year . All expenses for the organization totaled $67.4m during the year ending 12/2020. While expenses have increased by 24.6% per year over the past 2 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.

Since 2020, Robert D And Patricia E Kern Family Foundation Inc has awarded 364 individual grants totaling $257,886,154. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.

Mission & Program ActivityExcerpts From the 990PF Filing

TAX YEAR

2020

Describe the Organization's Program Activity:

Part 3 - Line 4a

KERN ENGINEERING ENTREPRENEURSHIP NETWORK PROGRAM (KEEN) CONFERENCES - 2 CONFERENCES CONVENED AND SPONSORED BY THE FOUNDATION WITH A TOTAL OF 463 GRANTEES IN ATTENDENCE.


E&C PROGRAM NETWORK CONFERENCES - HOSTED 11 EVENTS IN 2021 WITH A TOTAL OF 512 GRANTEES IN ATTENDANCE


CREATION OF KEEN DIGITAL PLATFORM DESIGN AND MAINTENANCE FOR USE BY THE KEEN NETWORK OF OVER 4,000 USERS.


FACULTY DEVELOPMENT - 12 CONFERENCES CONVENED TO TRAIN FACULTY WITHIN THE KEEN NETWORK WITH 191 GRANTEES IN ATTENDANCE.


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Outside Vendors & Contractors

Vendor Name (Service)Compensation
Franklincovey Client Sales Inc
$2,500,000
Pgim Real Estate
$402,203
Fred Alger Management Inc
$394,708
Invesco Advisors
$313,364
Fiduciary Management Inc
$304,677
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Financial Statements

Statement of Revenue
Contributions, Gifts, Grants & Similar $0
Interest on Savings $0
Dividends & Interest $3,990,683
Net Rental Income$0
Net Gain on Sale of Assets $32,756,095
Capital Gain Net Income $32,756,095
Net ST Capital Gain $0
Income Modifications $0
Profit on Inventory Sales $0
Other Income $6,733,645
Total Revenue $43,480,423

Grants Awarded

Over the last fiscal year, The Robert D And Patricia E Kern Family Foundation Inc has awarded $170,109,935 in support to 189 organizations.

Grant RecipientAmount

Broomfield, CO

PURPOSE: IMPACT-CHARACTER-CTE INTEGRATION

$36,000,000

GREATHEARTS FOUNDATION

Org PageRecipient Profile

Phoenix, AZ

PURPOSE: SUPPORT THE VIRTUE LEADERSHIP PROGRAM AND THE EXPANSION OF THEIR SCHOOL NETWORK

$18,451,733

Broomfield, CO

PURPOSE: IMPACT-CHARACTER-CTE INTEGRATION

$9,000,000

GREATHEARTS FOUNDATION

Org PageRecipient Profile

Phoenix, AZ

PURPOSE: SUPPORT THE VIRTUE LEADERSHIP PROGRAM AND THE EXPANSION OF THEIR SCHOOL NETWORK

$7,446,485

WAKE FOREST UNIVERSITY

PURPOSE: KEEN IMPLEMENTATION; ENTREPRENEURIAL MINDED FACULTY DEVELOPMENT TRAINING

$6,593,000

ACTON INSTITUTE FOR THE STUDY OF RELIGION AND LIBERTY

Org PageRecipient Profile

Grand Rapids, MI

PURPOSE: FWE FOCUSED PROGRAMMING, CONFERENCES

$3,200,000
View Grant Profile

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