Korndrop Family Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in WILMINGTON, DE. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $1.9M in total assets. In 2024, it awarded 12 grants totaling $103K. Net investment income was $144K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$1.9M
+0.3% YoY
Annual Giving
$103K
+51.9% YoY
Grant Count
12
+140.0% YoY
Avg Grant Size
$9K
-36.7% YoY
Under IRS private-foundation payout rules, Korndrop Family Foundation reported a distributable amount of $105K for 2024 — the minimum it must pay out in qualifying distributions.
About Korndrop Family Foundation
Based on IRS filings
Korndrop Family Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in WILMINGTON, DE. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $1.9M in total assets. In 2024, it awarded 12 grants totaling $103K. Net investment income was $144K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $1,928,073 | $1,922,875 | $1,960,691 |
| Revenue | $143,326 | $62,187 | $33,094 |
| Expenses | $138,128 | $100,003 | $76,530 |
| Qualifying Distributions | $116,813 | $81,115 | $56,253 |
| Net Investment Income | $143,789 | $25,088 | $63,178 |
| Distributable Amount | $104,710 | $96,330 | $94,520 |
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
30 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Malaria Consortium Us ($25,000), Hawaii Community Foundation ($15,000), Alaska Zoo ($10,000).
| Recipient | Purpose | Amount |
|---|---|---|
| ALASKA PUBLIC MEDIA INC ANCHORAGE, AK | General & Unrestricted | $7,500 |
| ALASKA SPORTS HALL OF FAME INC ANCHORAGE, AK | Game Changer program | $5,000 |
| ALASKA ZOO ANCHORAGE, AK | General & Unrestricted | $10,000 |
| ASHEVILLE HUMANE SOCIETY INC ASHEVILLE, NC | General & Unrestricted | $10,000 |
| FRIENDS OF CHUGACH NATIONAL FOREST AVALANCHE INFOR GIRDWOOD, AK | General & Unrestricted | $2,500 |
| FRIENDS OF FOOTHILLS ANIMAL SHELTER GOLDEN, CO | General & Unrestricted | $5,000 |
| HAWAII COMMUNITY FOUNDATION HONOLULU, HI | General & Unrestricted | $15,000 |
| HEALTH VOLUNTEERS OVERSEAS WASHINGTON, DC | General & Unrestricted | $10,000 |
| MALARIA CONSORTIUM US HERMITAGE, PA | General & Unrestricted | $25,000 |
| MAUI HUMANE SOCIETY INC PUUNENE, HI | General & Unrestricted | $2,500 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| Marc J Kornmesser | Co- Pres, Treas, Dir | 1 | — |
| Valerie K Waldrop | Co- Pres, Dir, Sec | 1 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Korndrop Family Foundation?
Korndrop Family Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in WILMINGTON, DE. It holds $1.9M in total assets as of 2024.
How large is Korndrop Family Foundation?
As of 2024, Korndrop Family Foundation holds $1.9M in total assets with $143K in annual revenue. It awarded 12 grants totaling $103K in 2024.
Where does Korndrop Family Foundation operate?
Korndrop Family Foundation has awarded grants in Alaska, Colorado, District of Columbia, Hawaii, North Carolina, Pennsylvania.
What size grants does Korndrop Family Foundation award?
In 2024, Korndrop Family Foundation awarded 12 grants totaling $103K — an average of about $9K per grant, based on its IRS Form 990 filings.
How much is Korndrop Family Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Korndrop Family Foundation reported a distributable amount of $105K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Korndrop Family Foundation's EIN?
Korndrop Family Foundation's EIN (Employer Identification Number) is 85-3267281. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in Korndrop 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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