Kelly-laustsen Family Foundation is a private foundation focused on Education, based in SANTA BARBARA, CA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $1.1M in total assets. In 2024, it awarded 8 grants totaling $71K. Net investment income was $90K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$1.1M
+1.5% YoY
Annual Giving
$71K
+10.6% YoY
Grant Count
8
+14.3% YoY
Avg Grant Size
$9K
-3.2% YoY
Under IRS private-foundation payout rules, Kelly-laustsen Family Foundation reported a distributable amount of $56K for 2024 — the minimum it must pay out in qualifying distributions.
About Kelly-laustsen Family Foundation
Based on IRS filings
Kelly-laustsen Family Foundation is a private foundation focused on Education, based in SANTA BARBARA, CA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $1.1M in total assets. In 2024, it awarded 8 grants totaling $71K. Net investment income was $90K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $1,124,060 | $1,107,945 | $928,489 |
| Revenue | $93,603 | $252,080 | $270,430 |
| Expenses | $77,488 | $72,624 | $67,107 |
| Qualifying Distributions | $70,500 | $63,750 | $58,663 |
| Net Investment Income | $90,353 | $244,005 | $270,430 |
| Distributable Amount | $56,110 | $51,860 | $50,075 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 8 recipients in 2024
Grant Size Distribution
35 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Colorado School of Mines Scholarship ($20,000), First Presbyterian Church ($20,000), Duke University ($10,000).
| Recipient | Purpose | Amount |
|---|---|---|
| CARNEGIE MELLON UNIVERSITY PITTSBURGH, PA | UNRESTRICTED FOR CHARITABLE EXEMPT PURPOSE | $5,000 |
| COLORADO SCHOOL OF MINES SCHOLARSHIP GOLDEN, CO | UNRESTRICTED FOR CHARITABLE EXEMPT PURPOSE | $20,000 |
| DUKE UNIVERSITY DURHAM, NC | UNRESTRICTED FOR CHARITABLE EXEMPT PURPOSE | $10,000 |
| FIRST PRESBYTERIAN CHURCH SANTA BARBARA, CA | UNRESTRICTED FOR CHARITABLE EXEMPT PURPOSE | $20,000 |
| RENSSELAER POLYTECHNIC INSTITUTE TROY, NY | UNRESTRICTED FOR CHARITABLE EXEMPT PURPOSE | $5,000 |
| TEXAS A&M FOUNDATION COLLEGE STATION, TX | UNRESTRICTED FOR CHARITABLE EXEMPT PURPOSE | $5,000 |
| ALZHEMER'S ASSOCIATION WASHINGTON, DC | UNRESTRICTED FOR CHARITABLE EXEMPT PURPOSE | $500 |
| MICHIGAN UNIVERSITY ANN ARBOR, MI | UNRESTRICTED FOR CHARITABLE EXEMPT PURPOSE | $5,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| STAFFORD T KELLY | TRUSTEE | 4 | — |
| ELAINE M LAUSTSEN | TRUSTEE | 4 | — |
| ROLF B KELLY | TRUSTEE | 1 | — |
| ALISON R DEL DUCA | TRUSTEE | 1 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Kelly-laustsen Family Foundation?
Kelly-laustsen Family Foundation is a private foundation focused on Education, based in SANTA BARBARA, CA. It holds $1.1M in total assets as of 2024.
How large is Kelly-laustsen Family Foundation?
As of 2024, Kelly-laustsen Family Foundation holds $1.1M in total assets with $94K in annual revenue. It awarded 8 grants totaling $71K in 2024.
Where does Kelly-laustsen Family Foundation operate?
Kelly-laustsen Family Foundation has awarded grants in California, Colorado, District of Columbia, Iowa, Indiana, Kentucky, Michigan, North Carolina, New Jersey, New York, Pennsylvania, Texas.
What size grants does Kelly-laustsen Family Foundation award?
In 2024, Kelly-laustsen Family Foundation awarded 8 grants totaling $71K — an average of about $9K per grant, based on its IRS Form 990 filings.
How much is Kelly-laustsen Family Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Kelly-laustsen Family Foundation reported a distributable amount of $56K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Kelly-laustsen Family Foundation's EIN?
Kelly-laustsen Family Foundation's EIN (Employer Identification Number) is 90-1016482. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in Kelly-laustsen Family Foundation's focus areas in our free grants database
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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