Joseph and Karen Krantz Family
The Joseph and Karen Krantz Family is a private foundation based in Bay City, Michigan. Its 2025 filing says its grants are intended to meet existing needs of individuals experiencing poverty or temporary economic distress.
Key facts about Joseph and Karen Krantz Family
In short: Joseph and Karen Krantz Family gave $256K across 13 grants in 2025 (avg $20K), mostly in Michigan. 38% of 2025 grantees were new. Source: 2025 IRS Form 990-PF.
- EIN
- 45-6307847
- Latest 990 filing
- Form 990-PF, 2025
- Annual giving (2025)
- $256,120
- Grants made (2025)
- 13
- Average grant
- $19,702
- Median grant
- $10,000
- New grantees (estimate)
- 38% first-time grantees (5 of 13, 2025; small sample)
- Total assets
- $4,663,605
- Primary geography
- Michigan (100% of itemized 2025 grant dollars)
- How to apply
- The foundation’s filing says it does not restrict giving to preselected organizations. Full details ↓
Data from IRS Form 990-PF, 2025; updated October 2026. New grantees are estimated by matching recipient names across years (methodology). Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.
Financial Overview
From 2025 IRS Form 990-PF · View filing
Total Assets
$4.7M
+1.6% YoY
Annual Giving
$256K
+16.5% YoY
Grant Count
13
-7.1% YoY
Avg Grant Size
$20K
+25.5% YoY
Under IRS private-foundation payout rules, Joseph and Karen Krantz Family reported a distributable amount of $254K for 2025 — the minimum it must pay out in qualifying distributions.
Is Joseph and Karen Krantz Family open to new grantees?
38%
first-time grantees, 2025
In 2025, 5 of 13 grantees (38%) were first-time recipients. With only 13 grantees, that is a small sample: one grantee more or less moves the share by about 8 points. First grants averaged $6K; repeat grants $28K. How we count
Medians: $5K first-time, $20K repeat.
- 62% of 2025 grantees were also funded in 2024. Method
- Giving held roughly steady from 2022 to 2025 (+10%). Method
- In 2025 it paid out 101% of its IRS minimum distribution (the 5% rule). Method
Estimate from itemized grant lists in IRS Form 990-PF filings (2019–2025). Recipient names are matched across years, so a renamed or misspelled grantee can look new; grants to individuals are left out. Methodology.
Mission & Focus Areas
The foundation’s 2025 filing describes its grant purpose as providing care for people who are needy and suffering from poverty or temporary distress. Grants are to be used solely to alleviate or satisfy existing needs of individuals experiencing those economic hardships.
Among its 2025 grantees, the Humane Society of Huron Valley describes its mission as supporting the loving, responsible care of animals in its community. Ele’s Place describes its mission as creating awareness of and support for grieving children and their families, including through peer support groups.
Grantmaking
In 2025, the foundation reported 13 grants totaling $256,120. Grant amounts ranged from $640 to $100,000, with a median grant of $10,000. Notable grants included $100,000 to University of Michigan Medicine, $50,000 to University of Michigan Endowment, $21,430 to Michigan Medicine Patient Exp, and $20,000 each to Our Lady of Peace St Vincent de Paul and the University of Michigan Marching Band.
The foundation also reported grants of $15,000 to SVSU Foundation, $10,000 to Brian’s House, $5,000 each to Harbor Springs Public Schools, Humane Society of Huron Valley, and CAN Washtenaw, $3,050 to Nate and Mary Ida Doan Santa House, and $1,000 to Ele’s Place.
How to Apply
The foundation’s filing says it does not restrict giving to preselected organizations. It asks applicants to contact Kathy J Cozad and provide a brief description of the situation causing the need, along with any available evidence—for example, photographs in the case of a home fire or an explanation in the case of unemployment. Awards are restricted to alleviating or satisfying existing needs of individuals experiencing poverty or temporary distress.
Ready to take the next step with Joseph and Karen Krantz Family?
Geographic Focus
Where this funder awards grants
All grant dollars reported for 2025 went to recipients in Michigan.
Grant Distribution by State
Share of 2025 grant dollars across all 13 itemized grants.
States
Cities
Giving Over Time
Total grant dollars and number of grants per year
From 2019 to 2025, annual grant giving ranged from $100K (2019) to $256K (2025). In 2025 it made 13 grants totaling $256K.
Grant Insights
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2025
The largest 2025 recipient was University of Michigan Medicine ($100K). Together the top 10 received $251K.
Grant Size Distribution
66 grants across all recorded years
The most common grant size was under $50K: 60 grants of 66 (91%).
Giving History
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| University of Michigan Medicine Ann Arbor, MI | General Fund | $100,000 |
| University of Michigan Endowment Ann Arbor, MI | General Fund | $50,000 |
| Michigan Medicine Patient EXP Ann Arbor, MI | General Fund | $21,430 |
| Our Lady of Peace St Vincent De Paul Bay City, MI | General Fund and Food Pantry | $20,000 |
| University of Michigan Marching Band Ann Arbor, MI | General Fund | $20,000 |
| SVSU Foundation University Center, MI | General Fund | $15,000 |
| Brian's House Essexville, MI | Event Sponsorship | $10,000 |
| Harbor Springs Public Schools Harbor Springs, MI | Education | $5,000 |
| Humane Society of Huron Valley Ann Arbor, MI | General Fund | $5,000 |
| Can Washtenaw Ann Arbor, MI | General Fund | $5,000 |
Financial History
Multi-year comparison from IRS filings
| Filing year | Assets | Revenue | Expenses | Grant total | Grant count |
|---|---|---|---|---|---|
| 2025 | $4,663,605 | $373,518 | $300,192 | $256,120 | 13 |
| 2024 | $4,590,279 | $331,540 | $260,732 | $219,814 | 14 |
| 2023 | $4,519,471 | $176,364 | $256,518 | $217,762 | 15 |
| Metric | 2025 | 2024 | 2023 |
|---|---|---|---|
| Total Assets | $4,663,605 | $4,590,279 | $4,519,471 |
| Revenue | $373,518 | $331,540 | $176,364 |
| Expenses | $300,192 | $260,732 | $256,518 |
| Qualifying Distributions | $257,360 | $221,567 | $219,105 |
| Net Investment Income | $334,777 | $294,349 | $142,044 |
| Distributable Amount | $253,564 | $247,747 | $234,498 |
Data update history
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2019 (received by the IRS June 23, 2020)
- Updated Form 990-PF for fiscal year 2020 (received by the IRS May 13, 2021)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS May 23, 2022)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS May 25, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS June 13, 2024)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS May 29, 2025)
- Added Form 990-PF for fiscal year 2025 (received by the IRS May 8, 2026)
- IRS filings on file for fiscal years 2019–2024
Leadership & Key People
Leadership team and compensation from IRS filings
The 2025 filing lists Kathy J Cozad, Kyle D Cozad, and Alyssa K Cozad as trustees.
Joseph and Karen Krantz Family's 2025 filing lists 3 officers; none of the 3 officers listed in 2025 report compensation.
Officers on the 2025 filing
Alyssa K. Cozad
Trustee
On filings since 2019
1 hr/week
No compensation reported
Kathy J. Cozad
Trustee
On filings since 2019
4 hrs/week
No compensation reported
Kyle D. Cozad
Trustee
On filings since 2019
1 hr/week
No compensation reported
Data from IRS Form 990 filings, 2019–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Contact
Application contact: Kathy J Cozad Joseph And Karen Kran
Mailing address: PO Box 1698, Bay City, MI 48706
Phone: (989) 751-3129
Frequently asked questions about Joseph and Karen Krantz Family
How much does Joseph and Karen Krantz Family give each year?
Joseph and Karen Krantz Family gave $256K across 13 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $220K across 14 grants.
What is Joseph and Karen Krantz Family's typical grant size?
Joseph and Karen Krantz Family's median grant in 2025 was $10,000, and its average grant was $19,702, across 13 grants on its 2025 IRS Form 990-PF. Organizations receiving their first grant from Joseph and Karen Krantz Family that year got $6K on average.
Where does Joseph and Karen Krantz Family give grants?
Joseph and Karen Krantz Family gives mostly in Michigan: 100% of the grant dollars itemized on its 2025 IRS Form 990-PF went to recipients there. The most frequent recipient cities were Ann Arbor, MI (7 grants) and Bay City, MI (3 grants).
Does Joseph and Karen Krantz Family give general operating support?
Yes: 85% of Joseph and Karen Krantz Family's 2025 grants with a stated purpose (11 of 13) were for general or operating support, per its 2025 IRS Form 990-PF.
Who are Joseph and Karen Krantz Family's largest grantees?
Joseph and Karen Krantz Family's largest 2025 grantees include University of Michigan Medicine ($100,000), University of Michigan Endowment ($50,000) and Michigan Medicine Patient EXP ($21,430), according to its 2025 IRS Form 990-PF. Together they received 67% of its itemized 2025 grant dollars.
How large is Joseph and Karen Krantz Family?
Joseph and Karen Krantz Family reported $4.7M in total assets on its 2025 IRS Form 990-PF. It paid out $257K in qualifying distributions that year, against a required minimum of $254K (roughly 5% of its investment assets).
What does Joseph and Karen Krantz Family fund?
The foundation’s 2025 filing describes its grant purpose as providing care for people who are needy and suffering from poverty or temporary distress. Grants are to be used solely to alleviate or satisfy existing needs of individuals experiencing those economic hardships. See mission & focus areas ↑
How do I apply for a grant from Joseph and Karen Krantz Family?
The foundation’s filing says it does not restrict giving to preselected organizations. Eligibility and process details are in the grantmaking section of this profile. See how to apply ↑
What is Joseph and Karen Krantz Family's EIN?
Joseph and Karen Krantz Family's EIN (Employer Identification Number) is 45-6307847. IRS Form 990 filing data is available on this page for 2019–2025.
Data last updated October 2026. Sourced from IRS Form 990-PF filings. Research dossier generated September 2026.
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