Kite Family Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in PENNINGTON, NJ. IRS filing data is available from 2022 through 2024. As of 2024, the organization holds $4.3M in total assets. In 2024, it awarded 2 grants totaling $130K. Net investment income was $460K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$4.3M
+9.1% YoY
Annual Giving
$130K
+237.2% YoY
Grant Count
2
+0.0% YoY
Avg Grant Size
$65K
+237.2% YoY
About Kite Family Foundation
Based on IRS filings
Kite Family Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in PENNINGTON, NJ. IRS filing data is available from 2022 through 2024. As of 2024, the organization holds $4.3M in total assets. In 2024, it awarded 2 grants totaling $130K. Net investment income was $460K.
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 | $4,294,958 | $3,935,413 | $982,271 |
| Revenue | $1,044,602 | $4,594,963 | $986,649 |
| Expenses | $208,983 | $62,983 | $4,359 |
| Qualifying Distributions | $151,850 | $48,101 | $1,679 |
| Net Investment Income | $459,850 | $1,154,767 | $6,062 |
| Distributable Amount | $273,095 | $103,852 | $40,237 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 2 recipients in 2024
Grant Size Distribution
4 grants across all recorded years
Giving History
Grant recipients and amounts by year
No grants recorded for .
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| THOMAS O KITE JR | PRESIDENT & BOARD MEMBER | 1 | — |
| STEPHANIE KITE JONES | SECRETARY & BOARD MEMBER | 1 | — |
| PAUL C KITE | BOARD MEMBER | 1 | — |
| DAVID T KITE | BOARD MEMBER | 1 | — |
| SANDRA SUE JONES | BOARD MEMBER | 1 | — |
Subject Areas
Focus areas based on grantmaking activity
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Similar funders by location and focus area
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Stephen J Machuta Scholarship Trust
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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