The Kay Family Foundation Inc
- Assets
- $92.1m
- Revenue
- $5.6m
- Investments
- $86.0m
- Employees
- 0
- Location
- Germantown, MD
- Founding
- 04/1976
- Data as of
- 12/2022
- EIN
- 52-1045650
Organization Overview
The Kay Family Foundation Inc is located in Germantown, MD. The organization was established in 1976. 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. Kay Family 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 12/2022, Kay Family Foundation Inc generated $5.6m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 42.5% each year . All expenses for the organization totaled $7.8m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $2,350,827 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $2,986,661 |
| Capital Gain Net Income | $2,986,661 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $253,537 |
| Total Revenue | $5,591,025 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $620,556 |
| Total operating and administrative expenses | $632,856 |
| Contributions, gifts, grants paid | $7,173,000 |
| Total expenses and disbursements | $7,805,856 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $6,082,017 |
| Net Accounts receivable | $28,253 |
| 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 | $5,407,041 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $92,117,867 |
| 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 | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, The Kay Family Foundation Inc has awarded $1,438,500 in support to 80 organizations.
| Grant Recipient | Amount |
|---|---|
MAKE A WISH FOUNDATION PURPOSE: VARIOUS | $15,000 |
JEWISH SOCIAL SVCS AGENCY PURPOSE: VARIOUS | $35,000 |
ANTI-DEFAMATION LEAGUE PURPOSE: VARIOUS | $150,000 |
KIDS CONNECTION PURPOSE: VARIOUS | $5,000 |
JEWISH FOUNDATION FOR GROUP HOMES PURPOSE: VARIOUS | $50,000 |
MONTGOMERY COUNTY HUMANE SOCIETY PURPOSE: VARIOUS | $10,000 |