Klem Family Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in ARMONK, NY. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $1.4M in total assets. In 2024, it awarded 47 grants totaling $210K. Net investment income was $485K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$1.4M
+24.7% YoY
Annual Giving
$210K
+25.5% YoY
Grant Count
47
+4.4% YoY
Avg Grant Size
$4K
+20.2% YoY
Under IRS private-foundation payout rules, Klem Family Foundation Inc reported a distributable amount of $176K for 2024 — the minimum it must pay out in qualifying distributions.
About Klem Family Foundation Inc
Based on IRS filings
Klem Family Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in ARMONK, NY. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $1.4M in total assets. In 2024, it awarded 47 grants totaling $210K. Net investment income was $485K.
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 | $1,433,928 | $1,149,913 | $1,206,248 |
| Revenue | $524,815 | $118,420 | $655,080 |
| Expenses | $214,826 | $174,755 | $187,003 |
| Qualifying Distributions | $209,510 | $166,910 | $181,910 |
| Net Investment Income | $484,815 | $118,420 | $155,080 |
| Distributable Amount | $176,135 | $151,346 | $145,207 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
Grant Size Distribution
208 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Williams Scholarship Fund ($40,010), Teachers College Columbia University ($20,000), Celiac Disease Center ($15,000).
| Recipient | Purpose | Amount |
|---|---|---|
| A WIDER CIRCLE SILVER SPRING, MD | GENERAL FUNDS | $1,000 |
| ACADEMY OF THE HOLY CROSS KENSINGTON, MD | GENERAL FUNDS | $3,000 |
| ARMONK INDEPENDENT FIRE COMPANY ARMONK, NY | GENERAL FUNDS | $100 |
| ASPETUCK LAND TRUST FAIRFIELD, CT | GENERAL FUNDS | $3,000 |
| BILLION OYSTER PROJECT NEW YORK, NY | GENERAL FUNDS | $4,000 |
| BOWDOIN COLLEGE BRUNSWICK, ME | GENERAL FUNDS | $1,000 |
| BRIDGEPORT FALLEN FIREFIGHTERS FOUNDATION BRIDGEPORT, CT | GENERAL FUNDS | $3,000 |
| CARNEGIE HALL NEW YORK, NY | GENERAL FUNDS | $100 |
| CELIAC DISEASE CENTER NEW YORK, NY | GENERAL FUNDS | $15,000 |
| CENTER FOR FAMILY JUSTICE BRIDGEPORT, CT | GENERAL FUNDS | $3,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| JOHN J KLEM | PRESIDENT & DIRECTOR | — | — |
| ELINOR KLEM | TREASURER & DIRECTOR | — | — |
| LISA KLEM | DIRECTOR | — | — |
| ROBERT E KLEM | DIRECTOR | — | — |
| DAVID J KLEM | DIRECTOR | — | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Klem Family Foundation Inc?
Klem Family Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in ARMONK, NY. It holds $1.4M in total assets as of 2024.
How large is Klem Family Foundation Inc?
As of 2024, Klem Family Foundation Inc holds $1.4M in total assets with $525K in annual revenue. It awarded 47 grants totaling $210K in 2024.
Where does Klem Family Foundation Inc operate?
Klem Family Foundation Inc has awarded grants in Arizona, California, Colorado, Connecticut, District of Columbia, Florida, Massachusetts, Maryland, Maine, North Carolina, New Jersey, New York, Ohio, Pennsylvania, Virginia.
What size grants does Klem Family Foundation Inc award?
In 2024, Klem Family Foundation Inc awarded 47 grants totaling $210K — an average of about $4K per grant, based on its IRS Form 990 filings.
How much is Klem Family Foundation Inc required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Klem Family Foundation Inc reported a distributable amount of $176K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Klem Family Foundation Inc's EIN?
Klem Family Foundation Inc's EIN (Employer Identification Number) is 84-1937657. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in Klem Family Foundation Inc'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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