Klaus Family Foundation
- Assets
- $9.1m
- Revenue
- $880.0k
- Investments
- $8.5m
- Employees
- 0
- Location
- Atlanta, GA
- Founding
- 07/2008
- Data as of
- 09/2022
- EIN
- 20-5529710
Organization Overview
Klaus Family Foundation is located in Atlanta, GA. The organization was established in 2008. 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. Klaus 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.
Since 2016, Klaus Family Foundation has awarded 19 individual grants totaling $2,759,150. 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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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $131,581 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $668,382 |
| Capital Gain Net Income | $668,382 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $80,008 |
| Total Revenue | $879,971 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $11,829 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $54 |
| Total operating and administrative expenses | $40,813 |
| Contributions, gifts, grants paid | $645,030 |
| Total expenses and disbursements | $685,843 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $642,571 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $0 |
| 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 | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $8,503,535 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $9,146,106 |
| Accounts payable and accrued expenses | $0 |
| 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 | $11,883 |
| Total liabilities | $11,883 |
Grants Awarded
Over the last fiscal year, Klaus Family Foundation has awarded $645,030 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
EMORY UNIVERSITY PURPOSE: UNRESTRICTED | $50,000 |
CITY SPRINGS PURPOSE: UNRESTRICTED | $5,030 |
SCHWAB CHARITABLE FUND PURPOSE: UNRESTRICTED | $590,000 |