Gerald and Adele Kraft is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in CARMEL, IN. IRS filing data is available for 2024. As of 2024, the organization holds $5.1M in total assets. In 2024, it awarded 1 grants totaling $17K. Net investment income was $71K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$5.1M
Annual Giving
$17K
Grant Count
1
Avg Grant Size
$17K
Under IRS private-foundation payout rules, Gerald and Adele Kraft reported a distributable amount of $147K for 2024 — the minimum it must pay out in qualifying distributions.
About Gerald and Adele Kraft
Based on IRS filings
Gerald and Adele Kraft is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in CARMEL, IN. IRS filing data is available for 2024. As of 2024, the organization holds $5.1M in total assets. In 2024, it awarded 1 grants totaling $17K. Net investment income was $71K.
Focus Areas
Ready to take the next step with Gerald and Adele Kraft?
Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 |
|---|---|
| Total Assets | $5,053,554 |
| Revenue | $5,097,490 |
| Expenses | $43,936 |
| Qualifying Distributions | $17,429 |
| Net Investment Income | $70,983 |
| Distributable Amount | $147,112 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 1 recipients in 2024
Grant Size Distribution
1 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Pioneermacedonia Baptist Church ($17,429).
| Recipient | Purpose | Amount |
|---|---|---|
| PIONEERMACEDONIA BAPTIST CHURCH INDIANAPOLIS, IN | TO CONTRIBUTE TOWARDS BUILDING UPGRADES AND IMPROVEMENTS. | $17,429 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| PAUL KRAFT | TRUSTEE | 1 | — |
| LESLIE KATZ | TRUSTEE | 0.1 | — |
| KAREN YOFFIE | TRUSTEE | 0.1 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Gerald and Adele Kraft?
Gerald and Adele Kraft is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in CARMEL, IN. It holds $5.1M in total assets as of 2024.
How large is Gerald and Adele Kraft?
As of 2024, Gerald and Adele Kraft holds $5.1M in total assets with $5.1M in annual revenue. It awarded 1 grants totaling $17K in 2024.
Where does Gerald and Adele Kraft operate?
Gerald and Adele Kraft has awarded grants in Indiana.
What size grants does Gerald and Adele Kraft award?
In 2024, Gerald and Adele Kraft awarded 1 grants totaling $17K — an average of about $17K per grant, based on its IRS Form 990 filings.
How much is Gerald and Adele Kraft required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Gerald and Adele Kraft reported a distributable amount of $147K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Gerald and Adele Kraft's EIN?
Gerald and Adele Kraft's EIN (Employer Identification Number) is 99-6469113. IRS Form 990 filing data is available on this page for 2024.
Explore Open Grants
Browse active grant opportunities in Gerald and Adele Kraft's focus areas in our free grants database
Similar Funders
Funders that support many of the same organizations
Morgan Stanley Global Impact Funding Trust Inc
INDIANAPOLIS, IN
Assets
$9.1B
Grants
19,253
Total Given
$1.2B
Lilly Endowment Inc
INDIANAPOLIS, IN
Assets
$79.9B
Grants
1,808
Total Given
$2.3B
Central Indiana Community Foundation Inc
INDIANAPOLIS, IN
Assets
$583.5M
Grants
525
Total Given
$31.1M
United Way of Central Indiana Inc
INDIANAPOLIS, IN
Assets
$255.2M
Grants
370
Total Given
$29.9M
Round Room Gives Inc
FISHERS, IN
Assets
$1.4M
Grants
357
Total Given
$1.8M
Lumina Foundation for Education Inc
INDIANAPOLIS, IN
Assets
$1.5B
Grants
357
Total Given
$30.0M
University of Notre Dame du Lac
NOTRE DAME, IN
Assets
$26.7B
Grants
356
Total Given
$42.0M
Indianapolis Center for Congregations Inc
INDIANAPOLIS, IN
Assets
$62.6M
Grants
336
Total Given
$7.6M
Nina Mason Pulliam Charitable Trust
INDIANAPOLIS, IN
Assets
$441.1M
Grants
328
Total Given
$22.7M
Nicholas H Noyes Jr Memorial
CARMEL, IN
Assets
$133.1M
Grants
284
Total Given
$4.4M
Community Foundation
ELKHART, IN
Assets
$461.3M
Grants
281
Total Given
$25.8M
Welborn Baptist Foundation Inc
EVANSVILLE, IN
Assets
$96.4M
Grants
274
Total Given
$4.0M
Data last updated April 2026. Sourced from IRS Form 990-PF filings.
What could you do with Gerald and Adele Kraft on Grantable?
- Assess strategic fit with your organization
- Draft a tailored letter of inquiry
- Find open RFPs from this funder
- Monitor for new funding opportunities
Go from researching Gerald and Adele Kraft to a real strategy.