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
Under IRS private-foundation payout rules, Kite Family Foundation reported a distributable amount of $273K for 2024 — the minimum it must pay out in qualifying distributions.
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
Among its reported 2024 grants, the largest include Dell Children's Medical Center Fdn ($100,000), First Tee Greater Austin ($30,000).
| Recipient | Purpose | Amount |
|---|---|---|
| DELL CHILDREN'S MEDICAL CENTER FDN AUSTIN, TX | UNRESTRICTED GENERAL | $100,000 |
| FIRST TEE GREATER AUSTIN AUSTIN, TX | UNRESTRICTED GENERAL | $30,000 |
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
Frequently Asked Questions
What is Kite Family Foundation?
Kite Family Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in PENNINGTON, NJ. It holds $4.3M in total assets as of 2024.
How large is Kite Family Foundation?
As of 2024, Kite Family Foundation holds $4.3M in total assets with $1.0M in annual revenue. It awarded 2 grants totaling $130K in 2024.
Where does Kite Family Foundation operate?
Kite Family Foundation has awarded grants in Texas.
What size grants does Kite Family Foundation award?
In 2024, Kite Family Foundation awarded 2 grants totaling $130K — an average of about $65K per grant, based on its IRS Form 990 filings.
How much is Kite Family Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Kite Family Foundation reported a distributable amount of $273K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Kite Family Foundation's EIN?
Kite Family Foundation's EIN (Employer Identification Number) is 88-1408473. IRS Form 990 filing data is available on this page for 2022–2024.
Explore Open Grants
Browse active grant opportunities in Kite 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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