KET Foundation Inc

Private foundation · Grantmaker Fernandina Beach, FL EIN: 87-2423353

KET Foundation Inc is a private foundation focused on Human Services, based in Fernandina Beach, FL. IRS filing data is available from 2022 through 2025. As of 2025, the organization holds $809K in total assets. In 2025, it awarded 4 grants totaling $74K. Net investment income was $44K.

Key facts about KET Foundation Inc

In short: KET Foundation Inc gave $74K across 4 grants in 2025 (avg $19K), mostly in Florida. Source: 2025 IRS Form 990-PF.

EIN
87-2423353
Latest 990 filing
Form 990-PF, 2025
Annual giving (2025)
$74,000
Grants made (2025)
4
Average grant
$18,500
Median grant
$6,500
Total assets
$809,382
Primary geography
Florida (100% of itemized 2025 grant dollars)

Data from IRS Form 990-PF, 2025; updated September 2026.

Financial Overview

From 2025 IRS Form 990-PF · View filing

Total Assets

$809K

-5.5% YoY

Annual Giving

$74K

+0.1% YoY

Grant Count

4

+0.0% YoY

Avg Grant Size

$19K

+0.1% YoY

Under IRS private-foundation payout rules, KET Foundation Inc reported a distributable amount of $22K for 2025 — the minimum it must pay out in qualifying distributions.

How KET Foundation Inc gives

  • Giving grew 270% from 2022 to 2025. Method
  • In 2025 it paid out 453% of its IRS minimum distribution (the 5% rule). Method

From the foundation's IRS Form 990-PF filings. Methodology.

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

1state

Share of 2025 grant dollars across all 4 itemized grants.

States

Cities

Fernandina BeachGainesville

Giving Over Time

Total grant dollars and number of grants per year

$0$20K$40K$60K$80K4 grants2022 4 grants2023 4 grants2024 4 grants2025

From 2022 to 2025, annual grant giving ranged from $20K (2022) to $74K (2025). In 2025 it made 4 grants totaling $74K.

Grant Insights

How this funder distributes its grants

Top Recipients

Top 4 recipients in 2025

Three Rivers Legal Services Inc: $58KThree Rivers Legal ServicesInc$58KMichah's Place: $10KMichah's Place$10KBarnabas Center Inc: $3KBarnabas Center Inc$3KNassau County Council on Aging Inc: $3KNassau County Council on AgingInc$3K

The largest 2025 recipient was Three Rivers Legal Services Inc ($58K). Together the top 4 received $74K.

Grant Size Distribution

16 grants across all recorded years

14<$50K2$50–100K$100–250K$250–500K$500K–1M$1–5M$5M+

The most common grant size was under $50K: 14 grants of 16 (88%).

Giving History

Grant recipients and amounts by year

RecipientPurposeAmount
Three Rivers Legal Services Inc Gainesville, FLLegal Aid Clinic$58,000
Michah's Place Fernandina Beach, FLSupport victims of domestic violence$10,000
Barnabas Center Inc Fernandina Beach, FLSupport anti-hunger programs$3,000
Nassau County Council on Aging Inc Fernandina Beach, FLSupport elder programs$3,000

Financial History

Multi-year comparison from IRS filings

Revenue
Expenses
Qualifying Distributions
Net Investment Income
$0$200K$400K$600K2022 2023 2024 2025
Metric202520242023
Total Assets$809,382$856,366$892,706
Revenue$10,504$12,330$12,674
Expenses$101,771$98,890$71,824
Qualifying Distributions$101,337$98,137$71,143
Net Investment Income$43,575$18,650$51,848
Distributable Amount$22,372$25,623$25,968

Data update history

When this profile's IRS filing data changed on Grantable

  1. Updated Form 990-PF for fiscal year 2022 (received by the IRS February 13, 2023)
  2. Updated Form 990-PF for fiscal year 2023 (received by the IRS February 26, 2024)
  3. Updated Form 990-PF for fiscal year 2024 (received by the IRS February 13, 2025)
  4. Updated Form 990-PF for fiscal year 2025 (received by the IRS February 12, 2026)
  5. IRS filings on file for fiscal years 2022–2025

Leadership & Key People

Officers and directors from IRS filings

KET Foundation Inc is led by Erik R. Tavzel, President on every filing since 2022; none of the 3 officers listed in 2025 report compensation.

Officers on the 2025 filing

  • Erik R. Tavzel

    President

    On filings since 2022

    35 hrs/week

    No compensation reported

  • Patricia Parr

    Director

    On filings since 2022

    0.5 hrs/week

    No compensation reported

  • Kerriann Tavzel

    Secretary

    On filings since 2022

    5 hrs/week

    No compensation reported

Data from IRS Form 990 filings, 2022–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.

Frequently asked questions about KET Foundation Inc

How much does KET Foundation Inc give each year?

KET Foundation Inc gave $74K across 4 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $74K across 4 grants.

What is KET Foundation Inc's typical grant size?

KET Foundation Inc's median grant in 2025 was $6,500, and its average grant was $18,500, across 4 grants on its 2025 IRS Form 990-PF.

Where does KET Foundation Inc give grants?

KET Foundation Inc gives mostly in Florida: 100% of the grant dollars itemized on its 2025 IRS Form 990-PF went to recipients there. The most frequent recipient cities were Fernandina Beach, FL (3 grants).

Does KET Foundation Inc give general operating support?

Not in 2025: none of the 4 grants with a stated purpose on KET Foundation Inc's 2025 IRS Form 990-PF were described as general or operating support.

How large is KET Foundation Inc?

KET Foundation Inc reported $809K in total assets on its 2025 IRS Form 990-PF. It paid out $101K in qualifying distributions that year, against a required minimum of $22K (roughly 5% of its investment assets).

What is KET Foundation Inc?

KET Foundation Inc is a private foundation focused on Human Services, based in Fernandina Beach, FL. It holds $809K in total assets as of 2025.

What is KET Foundation Inc's EIN?

KET Foundation Inc's EIN (Employer Identification Number) is 87-2423353. IRS Form 990 filing data is available on this page for 2022–2025.

Data last updated September 2026. Sourced from IRS Form 990-PF filings.

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