Korndrop Family Foundation
Korndrop Family Foundation is a private foundation based in Wilmington, Delaware. It made 12 grants totaling $102,500 in 2024 to charitable organizations working in areas including health, animal welfare, media, renewable energy, and environmental education.
Korndrop Family Foundation at a glance
In short: Korndrop Family Foundation gave $103K across 12 grants in 2024 (avg $9K), top state Alaska. 33% of 2024 grantees were new. Source: 2024 IRS Form 990-PF.
- Annual giving (2024)
- $102,500
- +51.9% vs 2023
- Grants made (2024)
- 12
- +140.0% vs 2023
- Average grant
- $8,542
- -36.7% vs 2023
- Median grant
- $6,250
- Total assets
- $1,928,073
- +0.3% vs 2023
- New grantees (estimate)
- 33% first-time grantees (4 of 12, 2024; small sample)
- Primary geography
- Alaska (34% of itemized 2024 grant dollars)
- Latest 990 filing
- Form 990-PF, 2024 View filing
Data from IRS Form 990-PF, 2024; updated October 2026. New grantees are estimated by matching recipient names across years (methodology).
How to apply to Korndrop Family Foundation
- Accepts unsolicited proposals
- No
- Contact
Mailing address: Foundation Source 501 Silverside Rd, Wilmington, DE 19809-1377
Phone: (800) 839-1754
Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.
Who Korndrop Family Foundation funds
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
The largest 2024 recipient was Malaria Consortium US ($25K). Together the top 10 received $98K.
Grant Size Distribution
30 grants across all recorded years
The most common grant size was under $50K: 30 grants of 30 (100%).
Geographic Focus
Where this funder awards grants
The 2024 grant dollars were distributed among recipients in Alaska (34%), Pennsylvania (24%), Hawaii (17%), North Carolina (10%), and the District of Columbia (10%). The listed grants also included a $5,000 award to Friends of Foothills Animal Shelter in Colorado.
Grant Distribution by State
Share of 2024 grant dollars across all 12 itemized grants.
Cities
Is Korndrop Family Foundation open to new grantees?
33%
first-time grantees, 2024
In 2024, 4 of 12 grantees (33%) were first-time recipients. With only 12 grantees, that is a small sample: one grantee more or less moves the share by about 8 points. First grants averaged $7K; repeat grants $9K. How we count
Medians: $8K first-time, $6K repeat.
- 42% of 2024 grantees were also funded in 2023. Method
- Giving grew 22% from 2021 to 2024. Method
- In 2024 it paid out 112% of its IRS minimum distribution (the 5% rule). Method
Estimate from itemized grant lists in IRS Form 990-PF filings (2021–2024). Recipient names are matched across years, so a renamed or misspelled grantee can look new; grants to individuals are left out. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2021 to 2024, annual grant giving ranged from $43K (2022) to $103K (2024). In 2024 it made 12 grants totaling $103K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Malaria Consortium US Hermitage, PA | General & Unrestricted | $25,000 |
| Hawaii Community Foundation Honolulu, HI | General & Unrestricted | $15,000 |
| Alaska Zoo Anchorage, AK | General & Unrestricted | $10,000 |
| Asheville Humane Society Inc Asheville, NC | General & Unrestricted | $10,000 |
| Health Volunteers Overseas Washington, DC | General & Unrestricted | $10,000 |
| Alaska Public Media Inc Anchorage, AK | General & Unrestricted | $7,500 |
| Alaska Sports Hall of Fame Inc Anchorage, AK | Game Changer program | $5,000 |
| Friends of Foothills Animal Shelter Golden, CO | General & Unrestricted | $5,000 |
| Renewable Energy Alaska Project Anchorage, AK | General & Unrestricted | $5,000 |
| The Alaska Center Education Fund Anchorage, AK | General & Unrestricted | $5,000 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Net Investment Income | Distributable Amount |
|---|---|---|---|---|---|---|---|---|
| 2024 | $1,928,073 | $143,326 | $138,128 | $102,500 | 12 | $116,813 | $143,789 | $104,710 |
| 2023 | $1,922,875 | $62,187 | $100,003 | $67,500 | 5 | $81,115 | $25,088 | $96,330 |
| 2022 | $1,960,691 | $33,094 | $76,530 | $42,500 | 4 | $56,253 | $63,178 | $94,520 |
| 2021 | $2,004,127 | $122,279 | $126,565 | $84,000 | 9 | $102,545 | $68,317 | $105,316 |
| 2020 | $2,008,413 | $2,009,169 | $756 | — | — | — | $205,583 | $3,488 |
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.
Research compiled by Grantable AI from public sources. Last updated September 2026.
Mission & Focus Areas
No mission statement for the foundation is provided. Its 2024 grants included support for organizations addressing health, animal welfare, public media, renewable energy, and environmental education. For example, Malaria Consortium US describes its mission as improving lives in Africa and Asia through evidence-based programs addressing disease and promoting child and maternal health. Health Volunteers Overseas describes its work as improving healthcare through education and training for health workers in resource-scarce countries. Alaska Zoo says it promotes conservation of Arctic, sub-Arctic, and like-climate species and provides rehabilitation and shelter for animals.
Grantmaking
In 2024, the foundation gave $102,500 across 12 grants. Grants ranged from $2,500 to $25,000, with a median of $6,250. The largest grants included $25,000 to Malaria Consortium US, $15,000 to Hawaii Community Foundation, and $10,000 each to Alaska Zoo, Asheville Humane Society, and Health Volunteers Overseas. Most grants were designated “General & Unrestricted”; the $5,000 grant to Alaska Sports Hall of Fame supported its Game Changer program.
The foundation states on its 2024 filing that it makes contributions only to preselected charitable organizations and does not accept unsolicited requests.
Leadership & Key People
Leadership team and compensation from IRS filings
The 2024 filing lists Marc J Kornmesser as Co-President, Treasurer, and Director, and Valerie K Waldrop as Co-President, Director, and Secretary.
Korndrop Family Foundation is led by Marc J Kornmesser, Co- President, Treasurer & Director on every filing since 2020; none of the 2 officers listed in 2024 report compensation.
Officers on the 2024 filing
Marc J Kornmesser
Co- President, Treasurer & Director
On filings since 2020
1 hr/week
No compensation reported
Valerie K Waldrop
Co- President, Director & Secretary
On filings since 2020
1 hr/week
No compensation reported
Data from IRS Form 990 filings, 2020–2024. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Frequently asked questions about Korndrop Family Foundation
How much does Korndrop Family Foundation give each year?
Korndrop Family Foundation gave $103K across 12 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $68K across 5 grants.
What is Korndrop Family Foundation's typical grant size?
Korndrop Family Foundation's median grant in 2024 was $6,250, and its average grant was $8,542, across 12 grants on its 2024 IRS Form 990-PF. Organizations receiving their first grant from Korndrop Family Foundation that year got $7K on average.
Where does Korndrop Family Foundation give grants?
Korndrop Family Foundation's top state is Alaska, with 34% of the grant dollars itemized on its 2024 IRS Form 990-PF. The next largest states were Pennsylvania (24%) and Hawaii (17%). The most frequent recipient cities were Anchorage, AK (5 grants).
Does Korndrop Family Foundation give general operating support?
Yes: 92% of Korndrop Family Foundation's 2024 grants with a stated purpose (11 of 12) were for general or operating support, per its 2024 IRS Form 990-PF.
Who are Korndrop Family Foundation's largest grantees?
Korndrop Family Foundation's largest 2024 grantees include Malaria Consortium US ($25,000), Hawaii Community Foundation ($15,000) and Alaska Zoo ($10,000), according to its 2024 IRS Form 990-PF. Together they received 49% of its itemized 2024 grant dollars.
How large is Korndrop Family Foundation?
Korndrop Family Foundation reported $1.9M in total assets on its 2024 IRS Form 990-PF. It paid out $117K in qualifying distributions that year, against a required minimum of $105K (roughly 5% of its investment assets).
What does Korndrop Family Foundation fund?
No mission statement for the foundation is provided. Its 2024 grants included support for organizations addressing health, animal welfare, public media, renewable energy, and environmental education. See mission & focus areas ↑
How do I apply for a grant from Korndrop Family Foundation?
Korndrop Family Foundation does not accept unsolicited proposals, according to Grantable's research on its published guidelines.
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.
Does Korndrop Family Foundation accept unsolicited proposals?
No, according to Grantable's research on the foundation's published guidelines. See how to apply ↑
Data last updated October 2026. Sourced from IRS Form 990-PF filings. Research dossier generated September 2026.
Data update history
(1)
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2024
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Cite this profile
Grantable. (2026). Korndrop Family Foundation funder profile. GrantGraph. Retrieved October 4, 2026, from https://grantable.co/funders/korndrop-family-foundation-morg_690744ee439940659669723060fe08f6
BibTeX
@misc{grantable_853267281_2026,
author = {{Grantable}},
title = {{Korndrop Family Foundation funder profile}},
howpublished = {GrantGraph},
year = {2026},
url = {https://grantable.co/funders/korndrop-family-foundation-morg_690744ee439940659669723060fe08f6},
note = {Accessed 2026-10-04. Data licensed CC BY 4.0}
}The figures on this page are open data under CC BY 4.0: reuse them with credit to Grantable and a link. Download the data.
Figures come from Korndrop Family Foundation's IRS filings (methodology). AI-written summaries, news items and logos are not covered by the open licence. Spot an error? Email hello@grantable.co.
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