Koerner Family Foundation

MARCO ISLAND, FL EIN: 92-1465261

Koerner Family Foundation is a private foundation focused on Education, based in MARCO ISLAND, FL. IRS filing data is available from 2022 through 2024. As of 2024, the organization holds $9.1M in total assets. In 2024, it awarded 1 grants totaling $502K. Net investment income was $309K.

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$9.1M

-2.2% YoY

Annual Giving

$502K

+0.4% YoY

Grant Count

-50.0% YoY

Avg Grant Size

$502K

+100.8% YoY

Under IRS private-foundation payout rules, Koerner Family Foundation reported a distributable amount of $516K for 2024 — the minimum it must pay out in qualifying distributions.

About Koerner Family Foundation

Based on IRS filings

Focus Areas

Education

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

Michigan $1.0M (100%)

States

Michigan

Cities

Almont

Financial History

Multi-year comparison from IRS filings

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2024	2023	2022
Total Assets	$9,110,699	$9,313,933	$10,000,016
Revenue	$364,644	$-139,227	$10,000,016
Expenses	$567,878	$546,856	—
Qualifying Distributions	$507,393	$508,941	—
Net Investment Income	$308,820	$169,901	$16
Distributable Amount	$516,472	$484,599	$5,397

Giving Over Time

Total grant dollars and number of grants per year

Grant Insights

How this funder distributes its grants

Top Recipients

Top 1 recipients in 2024

Grant Size Distribution

3 grants across all recorded years

Giving History

Grant recipients and amounts by year

Among its reported 2024 grants, the largest include Four County Community Foundation ($502,000).

Recipient	Purpose	Amount
FOUR COUNTY COMMUNITY FOUNDATION ALMONT, MI	To fund the Koerner Family Foundation Scholarship Fund.	$502,000

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

From 2024 IRS filing

From 2024 filing

Name	Title	Hours	Compensation
BERND KOERNER	PRESIDENT/DIRECTOR	5	—
JENNIFER KOERNER	SECRETRAY/TREASURER	5	—

Subject Areas

Focus areas based on grantmaking activity

Education

Frequently Asked Questions

What is Koerner Family Foundation?

Koerner Family Foundation is a private foundation focused on Education, based in MARCO ISLAND, FL. It holds $9.1M in total assets as of 2024.

How large is Koerner Family Foundation?

As of 2024, Koerner Family Foundation holds $9.1M in total assets with $365K in annual revenue. It awarded 1 grants totaling $502K in 2024.

Where does Koerner Family Foundation operate?

Koerner Family Foundation has awarded grants in Michigan.

What size grants does Koerner Family Foundation award?

In 2024, Koerner Family Foundation awarded 1 grants totaling $502K — an average of about $502K per grant, based on its IRS Form 990 filings.

How much is Koerner Family Foundation required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2024, Koerner Family Foundation reported a distributable amount of $516K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.