Klaff Family Foundation
- Assets
- $172.0m
- Revenue
- $10.1m
- Investments
- $169.7m
- Employees
- 0
- Location
- Chicago, IL
- Founding
- 06/2005
- Data as of
- 12/2022
- EIN
- 61-1480716
Organization Overview
Klaff Family Foundation is located in Chicago, IL. The organization was established in 2005. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. Klaff 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 12/2022, Klaff Family Foundation generated $10.1m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 23.0% each year . All expenses for the organization totaled $10.2m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Klaff Family Foundation has awarded 382 individual grants totaling $19,804,563. 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 |
|---|---|---|---|
Hersch M Klaff Director | 1 | $0 | |
Avril M Klaff Director | 1 | $0 | |
Daniel Klaff Director | 1 | $0 | |
Marissa Klaff Director | 1 | $0 | |
Zara Klaff Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $2,119,334 |
| Dividends & Interest | $7,244,268 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $401,474 |
| Capital Gain Net Income | $401,475 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $363,687 |
| Total Revenue | $10,128,763 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $227,907 |
| Taxes | $245,442 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $1,218,913 |
| Total operating and administrative expenses | $1,711,762 |
| Contributions, gifts, grants paid | $8,495,805 |
| Total expenses and disbursements | $10,207,567 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,761 |
| Savings and temporary cash investments | $2,076,881 |
| Net Accounts receivable | $161,467 |
| 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 | $161,431,724 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $171,973,659 |
| 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 | $248,410 |
| Total liabilities | $248,410 |
Grants Awarded
Over the last fiscal year, Klaff Family Foundation has awarded $8,495,805 in support to 75 organizations.
| Grant Recipient | Amount |
|---|---|
CENTROPACENTRAL EUROPE CENTER FOR RESEARCH & DOC PURPOSE: GENERAL | $25,000 |
JEWISH UNITED FUND PURPOSE: GENERAL | $50,000 |
CHABAD OF GLENCOE PURPOSE: GENERAL | $25,000 |
WEST POINT JEWISH CHAPEL FUND HON COL MICKEY MARCU PURPOSE: GENERAL | $18,000 |
HAROLD GRINSPOON FOUNDATION PURPOSE: GENERAL | $500,000 |
JOFFREY BALLET PURPOSE: GENERAL | $3,000 |