Kenneth Kratz Family Charitable
Kenneth Kratz Family Charitable is a private foundation, based in Creedmoor, NC. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $706K in total assets. In 2024, it awarded 4 grants totaling $33K. Net investment income was $41K.
Kenneth Kratz Family Charitable at a glance
In short: Kenneth Kratz Family Charitable gave $33K across 4 grants in 2024 (avg $8K), mostly in North Carolina. Source: 2024 IRS Form 990-PF.
- Annual giving (2024)
- $32,500
- +4.8% vs 2023
- Grants made (2024)
- 4
- +0.0% vs 2023
- Average grant
- $8,125
- +4.8% vs 2023
- Median grant
- $7,500
- Total assets
- $706,449
- +0.9% vs 2023
- Primary geography
- North Carolina (69% of itemized 2024 grant dollars)
- Latest 990 filing
- Form 990-PF, 2024 View filing
Data from IRS Form 990-PF, 2024; updated September 2026.
Who Kenneth Kratz Family Charitable funds
How this funder distributes its grants
Top Recipients
Top 4 recipients in 2024
The largest 2024 recipient was Trinity Academy ($14K). Together the top 4 received $33K.
Grant Size Distribution
17 grants across all recorded years
The most common grant size was under $50K: 17 grants of 17 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2024 grant dollars across all 4 itemized grants.
States
Cities
How Kenneth Kratz Family Charitable gives
- Giving grew 2067% from 2021 to 2024. Method
- In 2024 it paid out 102% of its IRS minimum distribution (the 5% rule). Method
From the foundation's IRS Form 990-PF filings. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2024, annual grant giving ranged from $2K (2021) to $63K (2022). In 2024 it made 4 grants totaling $33K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Trinity Academy Raleigh, NC | Annual Fund | $13,500 |
| Hargrave Military Academy Chatham, VA | Drill Team | $10,000 |
| Southbridge Fellowship Raleigh, NC | General Fund | $5,000 |
| YMCA of the Triangle Area Inc Raleigh, NC | We Build People Campaign | $4,000 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Net Investment Income | Distributable Amount |
|---|---|---|---|---|---|---|---|---|
| 2024 | $706,449 | $40,908 | $46,305 | $32,500 | 4 | $32,500 | $40,908 | $31,944 |
| 2023 | $699,845 | $41,627 | $35,465 | $31,000 | 4 | $31,000 | $41,627 | $31,572 |
| 2022 | $692,244 | $40,869 | $79,708 | $63,100 | 5 | $63,100 | $40,869 | $33,060 |
| 2021 | $731,265 | $40,577 | $2,859 | $1,500 | 1 | $1,500 | $40,577 | $32,232 |
| 2020 | $693,994 | $39,691 | $42,552 | $32,000 | 3 | — | $39,691 | $31,057 |
Under IRS private-foundation payout rules, Kenneth Kratz Family Charitable reported a distributable amount of $32K for 2024 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
Kenneth Kratz Family Charitable is led by Andrew K. Kratz, Trustee on every filing since 2020 — the only officer listed, and compensated.
Officers on the 2024 filing
Andrew K. Kratz
Trustee
On filings since 2020
2 hrs/week
$10K (2020) → $12K (2024)
Data from IRS Form 990 filings, 2020–2024. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Compensation Overview
From 2024 IRS filing
The highest reported compensation on the 2024 filing was $12K, to Andrew K Kratz (Trustee).
Frequently asked questions about Kenneth Kratz Family Charitable
How much does Kenneth Kratz Family Charitable give each year?
Kenneth Kratz Family Charitable gave $33K across 4 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $31K across 4 grants.
What is Kenneth Kratz Family Charitable's typical grant size?
Kenneth Kratz Family Charitable's median grant in 2024 was $7,500, and its average grant was $8,125, across 4 grants on its 2024 IRS Form 990-PF.
Where does Kenneth Kratz Family Charitable give grants?
Kenneth Kratz Family Charitable gives mostly in North Carolina: 69% of the grant dollars itemized on its 2024 IRS Form 990-PF went to recipients there. The next largest state was Virginia (31%). The most frequent recipient cities were Raleigh, NC (3 grants).
Does Kenneth Kratz Family Charitable give general operating support?
Yes: 50% of Kenneth Kratz Family Charitable's 2024 grants with a stated purpose (2 of 4) were for general or operating support, per its 2024 IRS Form 990-PF.
How large is Kenneth Kratz Family Charitable?
Kenneth Kratz Family Charitable reported $706K in total assets on its 2024 IRS Form 990-PF. It paid out $33K in qualifying distributions that year, against a required minimum of $32K (roughly 5% of its investment assets).
What is Kenneth Kratz Family Charitable's EIN?
Kenneth Kratz Family Charitable's EIN (Employer Identification Number) is 25-6667064. IRS Form 990 filing data is available on this page for 2020–2024.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(1)
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2024
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