Kresa Family Foundation
Kresa Family Foundation is a private foundation, based in PENNINGTON, NJ. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $14.3M in total assets. In 2024, it awarded 6 grants totaling $613K. Net investment income was $873K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$14.3M
+29.1% YoY
Annual Giving
$613K
-10.9% YoY
Grant Count
6
-14.3% YoY
Avg Grant Size
$102K
+4.0% YoY
Under IRS private-foundation payout rules, Kresa Family Foundation reported a distributable amount of $625K for 2024 — the minimum it must pay out in qualifying distributions.
About Kresa Family Foundation
Based on IRS filings
Kresa Family Foundation is a private foundation, based in PENNINGTON, NJ. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $14.3M in total assets. In 2024, it awarded 6 grants totaling $613K. Net investment income was $873K.
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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 | $14,308,883 | $11,082,525 | $11,148,337 |
| Revenue | $4,240,641 | $773,601 | $224,696 |
| Expenses | $737,480 | $799,057 | $776,442 |
| Qualifying Distributions | $655,992 | $727,957 | $694,094 |
| Net Investment Income | $872,806 | $645,773 | $206,867 |
| Distributable Amount | $624,777 | $572,785 | $592,630 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 6 recipients in 2024
Grant Size Distribution
41 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Massachusetts Institute of Technology ($250,000), California Institute of Technology ($240,000), Wellesley College ($92,000).
| Recipient | Purpose | Amount |
|---|---|---|
| MASSACHUSETTS INSTITUTE OF TECHNOLOGY BOSTON, MA | UNRESTRICTED GENERAL | $250,000 |
| WELLESLEY COLLEGE WELLESLEY, MA | UNRESTRICTED GENERAL | $92,000 |
| KEEP BEL AIR BEAUTIFUL LOS ANGELES, CA | UNRESTRICTED GENERAL | $5,000 |
| CALIFORNIA INSTITUTE OF TECHNOLOGY PASADENA, CA | CENTER FOR AUTONOMOUS | $240,000 |
| PETERSEN AUTOMOTIVE MUSEUM FDN LOS ANGELES, CA | UNRESTRICTED GENERAL | $17,500 |
| REGENTS UNIVERSITY OF CALIFORNIA LOS ANGELES, CA | UNRESTRICTED GENERAL | $8,700 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| KENT KRESA | PRESIDENT | 1 | — |
| DR KIREN KRESA-REAHL MD | SECRETARY | 1 | — |
Frequently Asked Questions
How large is Kresa Family Foundation?
As of 2024, Kresa Family Foundation holds $14.3M in total assets with $4.2M in annual revenue. It awarded 6 grants totaling $613K in 2024.
Where does Kresa Family Foundation operate?
Kresa Family Foundation has awarded grants in California, Colorado, District of Columbia, Massachusetts, New York, Oregon, Pr.
What size grants does Kresa Family Foundation award?
In 2024, Kresa Family Foundation awarded 6 grants totaling $613K — an average of about $102K per grant, based on its IRS Form 990 filings.
How much is Kresa Family Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Kresa Family Foundation reported a distributable amount of $625K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Kresa Family Foundation's EIN?
Kresa Family Foundation's EIN (Employer Identification Number) is 20-2890253. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in Kresa 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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