King Philanthropies Inc
King Philanthropies Inc is a private foundation focused on Youth Development, based in Menlo Park, CA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $553.5M in total assets. In 2024, it awarded 4 grants totaling $10.3M. Net investment income was $27.3M.
King Philanthropies Inc at a glance
In short: King Philanthropies Inc gave $10.3M across 4 grants in 2024 (avg $2.6M), mostly in New York. Source: 2024 IRS Form 990-PF.
- Annual giving (2024)
- $10,255,000
- -8.7% vs 2023
- Grants made (2024)
- 4
- -55.6% vs 2023
- Average grant
- $2,563,750
- +105.4% vs 2023
- Median grant
- $875,000
- Total assets
- $553,530,163
- -17.3% vs 2023
- Primary geography
- New York (83% of itemized 2024 grant dollars)
- Latest 990 filing
- Form 990-PF, 2024 View filing
Data from IRS Form 990-PF, 2024; updated October 2026.
Who King Philanthropies Inc funds
How this funder distributes its grants
Top Recipients
Top 4 recipients in 2024
The largest 2024 recipient was Morgan Stanley Global Impact Funding Trust Inc ($8.5M). Together the top 4 received $10.3M.
Grant Size Distribution
16 grants across all recorded years
The most common grant size was in the $1–5M range: 5 grants of 16 (31%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2024 grant dollars across all 4 itemized grants.
Cities
How King Philanthropies Inc gives
- Giving grew 1025499900% from 2021 to 2024. Method
- In 2024 it paid out 63% of its IRS minimum distribution (the 5% rule). Foundations have until the end of the next year to meet it. 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 2021 to 2024, annual grant giving ranged from $1 (2021) to $11.2M (2023). In 2024 it made 4 grants totaling $10.3M.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Morgan Stanley Global Impact Funding Trust Inc Purchase, NY | General Support | $8,500,000 |
| Blue Ventures Conservation | Supporting bv's overall work, including deepening bv's work in existing countries, expand the model to new geographies via partners (including bay of bengal), and engaging in international policy dialogues. | $1,000,000 |
| Switch Bioworks San Carlos, CA | Environmental Fertilizer for Subsistence Farmers in Africa | $750,000 |
| Friends of the Children Portland, OR | To Support National Youth Mentorship Programs | $5,000 |
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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 | $553,530,163 | $-9,131,893 | $33,207,401 | $10,255,000 | 4 | $16,710,766 | $27,323,069 | $26,468,113 |
| 2023 | $669,412,031 | $4,014,228 | $37,330,965 | $11,235,000 | 9 | $30,002,275 | $6,916,787 | $32,340,877 |
| 2022 | $678,530,796 | $651,612,509 | $20,475,690 | $1,250,000 | 2 | $6,700,785 | $6,842,973 | $18,159,645 |
| 2021 | $120,079,985 | $59,553,256 | $5,212,066 | $1 | 1 | $3,970,540 | $60,983,709 | $2,928,320 |
| 2020 | $60,124,816 | $3,648,808 | $4,002,257 | — | — | — | $3,704,217 | $2,378,719 |
Under IRS private-foundation payout rules, King Philanthropies Inc reported a distributable amount of $26.5M for 2024 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
King Philanthropies Inc is led by Kimberly Starkey, President & CEO on the 2024 filing; 2 of 10 officers listed in 2024 are compensated.
Officers on the 2024 filing
Kimberly Starkey
President & CEO
New on the 2024 filing
40 hrs/week
$565K (2024)
Dorothy J. King
Trustee
On filings since 2020
1 hr/week
No compensation reported
Robert E. King
Trustee
On filings since 2020
10 hrs/week
No compensation reported
Emily Liggett
Director
On filings since 2021
2 hrs/week
No compensation reported
John Brandon
Director
On filings since 2021
2 hrs/week
No compensation reported
Ulrico Rosales
Director
On filings since 2021
2 hrs/week
No compensation reported
Katherine Hayhoe
Director
Trustee → Director, 2024
On filings since 2023
2 hrs/week
No compensation reported
Ross Mason
Director
New on the 2024 filing
2 hrs/week
No compensation reported
Tim Hanstad
Director
New on the 2024 filing
2 hrs/week
No compensation reported
George Edward Diener
COO, Secretary & Treasurer
COO → COO, Secretary & Treasurer, 2024
On filings since 2020
40 hrs/week
$377K (2020) → $514K (2024)
Former officers (2)
- Former: Kimberly Jonker (2020–2023) — President & CEO
- Former: William Meehan (2020) — Director
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 $565K, to Kimberly Starkey (President and CEO). 2 officers or directors reported compensation on that filing.
Frequently asked questions about King Philanthropies Inc
How much does King Philanthropies Inc give each year?
King Philanthropies Inc gave $10.3M across 4 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $11.2M across 9 grants.
What is King Philanthropies Inc's typical grant size?
King Philanthropies Inc's median grant in 2024 was $875,000, and its average grant was $2,563,750, across 4 grants on its 2024 IRS Form 990-PF.
Where does King Philanthropies Inc give grants?
King Philanthropies Inc gives mostly in New York: 83% of the grant dollars itemized on its 2024 IRS Form 990-PF went to recipients there. The next largest state was California (7%).
Does King Philanthropies Inc give general operating support?
Yes: 25% of King Philanthropies Inc's 2024 grants with a stated purpose (1 of 4) were for general or operating support, per its 2024 IRS Form 990-PF.
How large is King Philanthropies Inc?
King Philanthropies Inc reported $553.5M in total assets on its 2024 IRS Form 990-PF. It paid out $16.7M in qualifying distributions that year, against a required minimum of $26.5M (roughly 5% of its investment assets). Falling short in one year is not a violation: foundations have until the end of the next year to meet the minimum.
What is King Philanthropies Inc?
King Philanthropies Inc is a private foundation focused on Youth Development, based in Menlo Park, CA. It holds $553.5M in total assets as of 2024.
What is King Philanthropies Inc's EIN?
King Philanthropies Inc's EIN (Employer Identification Number) is 47-3706995. IRS Form 990 filing data is available on this page for 2020–2024.
Data last updated October 2026. Sourced from IRS Form 990-PF filings.
Data update history
(6)
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2020 (received by the IRS November 8, 2021)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS November 15, 2022)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS November 13, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS November 15, 2024)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS November 15, 2025)
- IRS filings on file for fiscal years 2020–2024
Live grants for the work King Philanthropies Inc funds
Youth Development Open opportunities, soonest deadline first.
Explore Open Grants
Browse active grant opportunities in King Philanthropies Inc's focus areas in our free grants database
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