Krause Family Foundation

Organization Overview

Krause Family Foundation is located in Beachwood, OH. The organization was established in 1968. 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. Krause 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, Krause Family Foundation generated $1.0m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (9.1%) each year. All expenses for the organization totaled $1.5m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.

Since 2015, Krause Family Foundation has awarded 240 individual grants totaling $9,328,219. 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)Compensation
Alan Krause
President
$0
Karen Krause
Secretary
$0

Financial Statements

Statement of Revenue
Contributions, Gifts, Grants & Similar $1,000,000
Interest on Savings $268
Dividends & Interest $11,993
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 $17,581
Total Revenue $1,029,842

Grants Awarded

Over the last fiscal year, Krause Family Foundation has awarded $1,509,001 in support to 27 organizations.

Grant RecipientAmount

UNIVERSITY HOSPITALS

PURPOSE: GENERAL

$450,000

CASE WESTERN RESERVE UNIVERSITY

Org PageRecipient Profile

Cleveland, OH

PURPOSE: GENERAL

$334,000

CLEVELAND CLINIC FOUNDATION

PURPOSE: GENERAL

$225,000

THE FRIENDSHIP CIRCLE OF CLEVELAND

Org PageRecipient Profile

Pepper Pike, OH

PURPOSE: GENERAL

$180,000

JEWISH FEDERATION OF CLEVELAND

Org PageRecipient Profile

Cleveland, OH

PURPOSE: GENERAL

$115,000

CLEVELAND CLINIC FLORIDA

PURPOSE: GENERAL

$100,000
View Grant Profile

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