Klarman Family Foundation
- Assets
- $754.8m
- Revenue
- $145.9m
- Investments
- $612.8m
- Employees
- 0
- Location
- Boston, MA
- Founding
- 04/1991
- Data as of
- 12/2021
- 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. Klarman Family Foundation 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 12/2021, Klarman Family Foundation generated $145.9m in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 7.0% each year. All expenses for the organization totaled $100.1m during the year ending 12/2021. While expenses have increased by 10.7% per year over the past 5 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 2021, Klarman Family Foundation has awarded 517 individual grants totaling $144,796,603. 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kim Mccabe President | 40 | $416,000 | |
Steven Moore Chief Operating Officer | 40 | $291,500 | |
Laura Sherman Director, Local Init | 40 | $236,500 | |
Jonathan Horowitz Director, National & | 40 | $235,000 | |
Erin Peterson Director, Grantmakin | 40 | $168,583 | |
Maura Winston Manager, Administrat | 40 | $122,500 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Globalization Partners | 12/30/21 | $277,086 |
Rsm Us Llp | 12/30/21 | $176,023 |
Ropes & Gray | 12/30/21 | $132,899 |
Cfar | 12/30/21 | $132,006 |
Weber Shandwick | 12/30/21 | $278,519 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $25,000,000 |
| Interest on Savings | $16,170 |
| Dividends & Interest | $24,623 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $105,621,220 |
| Capital Gain Net Income | $99,303,318 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $15,210,649 |
| Total Revenue | $145,872,662 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $707,500 |
| Other employee salaries and wages | $1,465,485 |
| Pension plans, employee benefits | $567,113 |
| Interest | $460,764 |
| Taxes | $524,729 |
| Depreciation | $167,722 |
| Occupancy | $2,593 |
| Travel, conferences, and meetings | $15,336 |
| Printing and publications | $0 |
| Other expenses | $12,228,503 |
| Total operating and administrative expenses | $17,575,203 |
| Contributions, gifts, grants paid | $82,513,228 |
| Total expenses and disbursements | $100,088,431 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $9,357,491 |
| Savings and temporary cash investments | $86,858,550 |
| Net Accounts receivable | $43,410,930 |
| 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 | $8,750 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $579,032,428 |
| Net Land, buildings, and equipment | $376,624 |
| Other assets | $2,018,955 |
| Total assets | $754,784,032 |
| Accounts payable and accrued expenses | $10,932 |
| 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 | $10,932 |
Grants Awarded
Over the last fiscal year, Klarman Family Foundation has awarded $144,796,603 in support to 517 organizations.
| Grant Recipient | Amount |
|---|---|
THE SCHWARTZREISMAN SCIENCE EDUCATION CENTER REHOVOT (RA) PURPOSE: ARAB ISRAELI EMPLOYMENT AND EDUCATION: TO SUPPORT THE PREPARATION AND INTEGRATION OF ARAB ISRAELIS INTO THE SCHWARTZ/REISMAN SCIENCE EDUCATION CENTERS AND THE CONSTRUCTION AND NAMING OF THE KFAR SABA CAMPUS FOR FISCAL YEARS 2022, 2023, AND 2024 (CAPITAL) | $6,900,000 |
Washington, DC PURPOSE: HEALTHY DEMOCRACY: TO SUPPORT THE VOTER ENGAGEMENT FUND FOR FISCAL YEARS 2021 AND 2022 | $5,000,000 |
Cambridge, MA PURPOSE: MEDICAL AND SCIENTIFIC RESEARCH: TO PROVIDE FLEXIBLE, INCUBATIVE AND ACCELERANT FUNDING FOR THE KLARMAN CELL OBSERVATORY TO SYSTEMATICALLY DEFINE CELLULAR CIRCUITS IN MAMMALIAN CELLS | $5,000,000 |
Washington, DC PURPOSE: HEALTHY DEMOCRACY: TO SUPPORT THE VOTER ENGAGEMENT FUND FOR FISCAL YEARS 2021 AND 2022 | $5,000,000 |
Brookline, MA PURPOSE: HEALTHY DEMOCRACY: UNRESTRICTED OPERATING SUPPORT FOR FISCAL YEARS 2022, 2023, AND 2024 | $4,000,000 |
Montgomery, AL PURPOSE: HEALTHY DEMOCRACY: UNRESTRICTED OPERATING SUPPORT FOR FISCAL YEARS 2022, 2023, 2024, AND 2025 | $3,000,000 |
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 |
|---|---|---|
Rockefeller Foundation New York, NY | $7,467,445,865 | $704,223,491 |
Simons Foundation Inc New York, NY | $4,513,699,772 | $129,477,470 |
Bloomberg Family Foundation Inc New York, NY | $0 | $1,259,941,914 |
Faculty Practice Foundation Inc Boston, MA | $96,526,141 | $409,797,243 |
Leona M & Harry B Helmsley Charitable Trust New York, NY | $8,313,587,896 | $723,181,306 |
Jp Morgan Chase Foundation New York, NY | $675,856,149 | $488,434,024 |
Doris Duke Charitable Foundation Inc New York, NY | $2,668,517,046 | $296,413,800 |
Zoom Foundation Greenwich, CT | $956,305,373 | $176,914,821 |
Fidelity Foundation Boston, MA | $2,530,107,332 | $803,389,715 |
Klarman Family Foundation Boston, MA | $754,784,032 | $145,872,662 |
Druckenmiller Foundation New York, NY | $1,579,806,367 | $402,828,458 |
Rockefeller Brothers Fund Inc New York, NY | $1,654,004,790 | $94,665,303 |