Kurzweil Foundation Inc

Organization Overview

Kurzweil Foundation Inc is located in Needham Heights, MA. The organization was established in 1987. 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. Kurzweil 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 04/2022, Kurzweil Foundation Inc generated $111.5k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 15.7% each year . All expenses for the organization totaled $68.4k during the year ending 04/2022. While expenses have increased by 6.9% per year over the past 6 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 2015, Kurzweil Foundation Inc has awarded 11 individual grants totaling $400,630. 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

2022

Describe the Organization's Program Activity:

Part 3 - Line 4a

SCHOLARSHIPS - PRESENTED TWENTY-NINE $2,000 SCHOLORSHIPS TO TWENTY-NINE INDIVIDUAL STUDENTS - $58,000 - PLUS EXPENSES OF DISTRIBUTION


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Financial Statements

Statement of Revenue
Contributions, Gifts, Grants & Similar $111,545
Interest on Savings $0
Dividends & Interest $0
Net Rental Income$0
Net Gain on Sale of Assets $0
Capital Gain Net Income $0
Net ST Capital Gain $0
Income Modifications $0
Profit on Inventory Sales $0
Other Income $0
Total Revenue $111,545

Grants Awarded

Over the last fiscal year, Kurzweil Foundation Inc has awarded $58,000 in support to 3 organizations.

Grant RecipientAmount

SCHOLARSHIPS

PURPOSE: DONATION

$58,000
View Grant Profile

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