Klarman Family Foundation
- Assets
- $688.1m
- Revenue
- $95.4m
- Investments
- $600.2m
- Employees
- 0
- Location
- Boston, MA
- Founding
- 04/1991
- Data as of
- 12/2019
- EIN
- 04-3105768
Organization Overview
Klarman Family Foundation is located in Boston, MA. The organization was established in 1991. 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.
For the year ending 12/2019, Klarman Family Foundation generated $95.4m in total revenue. The organization has seen a slow decline revenue. Over the past 3 years, revenues have fallen by an average of (2.8%) each year. All expenses for the organization totaled $81.8m during the year ending 12/2019. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kim Mccabe Exec. Dir. | 40 | $336,000 | |
Laura Sherman Dir Ma Grants | 40 | $215,000 | |
Jonathan Horowitz Sr Prog Ofcr | 40 | $190,000 | |
Karen Gill Dir Ops & Admin | 32 | $131,767 | |
Erin Peterson Sr Grants Mgr | 40 | $124,000 | |
Malka Travaglini Sr Prog Ofcr | 40 | $113,000 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Globalization Partners | 12/30/19 | $160,234 |
Ropes & Gray | 12/30/19 | $85,493 |
Isaacson Miller Inc | 12/30/19 | $104,524 |
Nitasha Manchanda | 12/30/19 | $86,000 |
Cfar | 12/30/19 | $104,375 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $60,000,000 |
| Interest on Savings | $1,111,029 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $21,963,275 |
| Capital Gain Net Income | $22,222,918 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $12,307,082 |
| Total Revenue | $95,381,386 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $416,077 |
| Other employee salaries and wages | $1,459,472 |
| Pension plans, employee benefits | $436,336 |
| Interest | $0 |
| Taxes | $267,978 |
| Depreciation | $203,386 |
| Occupancy | $637,313 |
| Travel, conferences, and meetings | $163,428 |
| Printing and publications | $0 |
| Other expenses | $10,626,002 |
| Total operating and administrative expenses | $15,312,710 |
| Contributions, gifts, grants paid | $66,505,393 |
| Total expenses and disbursements | $81,818,103 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $7,911,187 |
| Savings and temporary cash investments | $76,735,998 |
| Net Accounts receivable | $512,994 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $8,000 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $574,385,555 |
| Net Land, buildings, and equipment | $689,919 |
| Other assets | $2,027,400 |
| Total assets | $688,091,719 |
| Accounts payable and accrued expenses | $28,960 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $28,960 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Klarman Family Foundation has recieved totaling $45,820.
| Awarding Organization | Amount |
|---|---|
New Venture Fund Washington, DC PURPOSE: ARTS, CULTURE, AND HUMANITIES | $45,820 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Simons Foundation Inc New York, NY | $4,015,531,241 | $523,660,840 |
Faculty Practice Foundation Inc Boston, MA | $86,602,730 | $418,419,019 |
Rockefeller Foundation New York, NY | $4,929,907,452 | $337,487,726 |
Jp Morgan Chase Foundation New York, NY | $302,020,428 | $256,877,839 |
Blavatnik Family Foundation New York, NY | $174,076,094 | $21,540,793 |
Adelson Family Foundation Needham, MA | $522,108 | $116,767,506 |
Druckenmiller Foundation New York, NY | $1,273,919,839 | $136,579,901 |
Doris Duke Charitable Foundation Inc New York, NY | $1,930,470,080 | $113,349,408 |
Klarman Family Foundation Boston, MA | $688,091,719 | $95,381,386 |
Anna Maria And Stephen Kellen Foundation Inc New York, NY | $1,301,695,078 | $41,033,339 |
Zoom Foundation Greenwich, CT | $0 | $173,014,876 |
The Morningside Foundation Newton Centre, MA | $36,165,780 | $65,263,834 |