1011 Foundation Inc
1011 Foundation Inc is a private foundation based in Santa Monica, California, established in 2001. The foundation was created by Rich Kruger and his wife, Jennifer Carter Kruger, with the goal of bringing together individuals passionate about making positive changes both locally and globally. As an endowment-based entity, the foundation relies primarily on investment returns rather than donor contributions to fund its charitable activities.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$71.7M
+0.8% YoY
Annual Giving
$3.2M
+113.8% YoY
Grant Count
37
+48.0% YoY
Avg Grant Size
$87K
+44.4% YoY
Mission & Focus Areas
The foundation's stated mission focuses on "transforming lives through impact" by "spreading kindness and changing the world." The foundation has particular emphasis on inspiring and empowering young minorities to venture into the fields of technology or law.
Primary funding focus areas include:
- Education
- Philanthropy, Voluntarism & Grantmaking
- Human Services
- Science and STEM Education
Grantmaking
The foundation does not operate formal grant programs with application cycles.
Grant Range
$1,000 - $333,000
Invitation Only
** The foundation operates on an invitation-only basis and does not accept unsolicited applications for funds. Grants are awarded at the discretion of the trustees to preselected organizations.
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Geographic Focus
Where this funder awards grants
The foundation primarily funds organizations in:
- California
- New York
- North Carolina
- Florida
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
Assets: $71,650,571 (as of 2024)
Annual Giving:
- 2024: $3,220,195
- 2023: $1,506,372
Revenue (2023):
- Total revenues: $36,862,105
- Investment income and dividends: $1,438,387
- Total expenses: $1,652,023
Staffing: 0 employees
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $71,650,571 | $71,073,222 | $63,646,656 |
| Revenue | $3,552,171 | $36,862,105 | $397,262 |
| Expenses | $3,978,888 | $1,652,023 | $9,920,420 |
| Qualifying Distributions | $3,248,131 | $1,510,713 | $9,843,156 |
| Net Investment Income | $3,356,414 | $36,740,034 | $513,027 |
| Distributable Amount | $3,539,163 | $2,827,483 | $3,363,025 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
Grant Size Distribution
142 grants across all recorded years
Giving History
Grant recipients and amounts by year
No grants recorded for .
Leadership & Key People
Leadership team and compensation from IRS filings
President: Robert Kotick, former CEO of Activision Blizzard and co-founder of the Call of Duty Endowment
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| ROBERT KOTICK | PRESIDENT & DIRECTOR | 5 | — |
| JUDITH HANS | VICE PRESIDENT & DIRECTOR | 5 | — |
| DEBORAH GRUBER | SECRETARY & TREASURER | 5 | — |
Contact Information
Address: 3435 Ocean Park Blvd 107 PMB K, Santa Monica, CA 90405
Website: https://1011foundation.org/
EIN: 91-2168491
Tax-Exempt Status: 501(c)(3), tax-exempt since June 2001
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Data last updated April 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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