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.
Kresa Family Foundation at a glance
In short: Kresa Family Foundation gave $613K across 6 grants in 2024 (avg $102K), mostly in Massachusetts. Source: 2024 IRS Form 990-PF.
- Annual giving (2024)
- $613,200
- -10.9% vs 2023
- Grants made (2024)
- 6
- -14.3% vs 2023
- Average grant
- $102,200
- +4.0% vs 2023
- Median grant
- $54,750
- Total assets
- $14,308,883
- +29.1% vs 2023
- Primary geography
- Massachusetts (56% of itemized 2024 grant dollars)
- Latest 990 filing
- Form 990-PF, 2024 View filing
Data from IRS Form 990-PF, 2024; updated September 2026.
Who Kresa Family Foundation funds
How this funder distributes its grants
Top Recipients
Top 6 recipients in 2024
The largest 2024 recipient was Massachusetts Institute of Technology ($250K). Together the top 6 received $613K.
Grant Size Distribution
41 grants across all recorded years
The most common grant size was under $50K: 22 grants of 41 (54%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2024 grant dollars across all 6 itemized grants.
States
Cities
How Kresa Family Foundation gives
- Giving held roughly steady from 2021 to 2024 (−12%). Method
- In 2024 it paid out 105% of its IRS minimum distribution (the 5% rule). Method
From the foundation's IRS Form 990-PF filings. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2024, annual grant giving ranged from $613K (2024) to $1.3M (2020). In 2024 it made 6 grants totaling $613K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Massachusetts Institute of Technology Boston, MA | Unrestricted General | $250,000 |
| California Institute of Technology Pasadena, CA | Center for Autonomous | $240,000 |
| Wellesley College Wellesley, MA | Unrestricted General | $92,000 |
| Petersen Automotive Museum Fdn Los Angeles, CA | Unrestricted General | $17,500 |
| Regents University of California Los Angeles, CA | Unrestricted General | $8,700 |
| Keep Bel Air Beautiful Los Angeles, CA | Unrestricted General | $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 | $14,308,883 | $4,240,641 | $737,480 | $613,200 | 6 | $655,992 | $872,806 | $624,777 |
| 2023 | $11,082,525 | $773,601 | $799,057 | $688,000 | 7 | $727,957 | $645,773 | $572,785 |
| 2022 | $11,148,337 | $224,696 | $776,442 | $650,700 | 8 | $694,094 | $206,867 | $592,630 |
| 2021 | $11,702,126 | $1,300,891 | $835,367 | $696,700 | 8 | $747,132 | $1,219,519 | $673,566 |
| 2020 | $11,241,266 | $720,913 | $1,409,954 | $1,283,394 | 12 | — | $649,924 | $587,422 |
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.
Leadership & Key People
Officers and directors from IRS filings
Kresa Family Foundation is led by Kent Kresa, President on every filing since 2020; none of the 2 officers listed in 2024 report compensation.
Officers on the 2024 filing
Kent Kresa
President
On filings since 2020
1 hr/week
No compensation reported
Kiren Kresa-Reahl MD
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 Kresa Family Foundation
How much does Kresa Family Foundation give each year?
Kresa Family Foundation gave $613K across 6 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $688K across 7 grants.
What is Kresa Family Foundation's typical grant size?
Kresa Family Foundation's median grant in 2024 was $54,750, and its average grant was $102,200, across 6 grants on its 2024 IRS Form 990-PF.
Where does Kresa Family Foundation give grants?
Kresa Family Foundation gives mostly in Massachusetts: 56% of the grant dollars itemized on its 2024 IRS Form 990-PF went to recipients there. The next largest state was California (44%). The most frequent recipient cities were Los Angeles, CA (3 grants).
Does Kresa Family Foundation give general operating support?
Yes: 83% of Kresa Family Foundation's 2024 grants with a stated purpose (5 of 6) were for general or operating support, per its 2024 IRS Form 990-PF.
Who are Kresa Family Foundation's largest grantees?
Kresa Family Foundation's largest 2024 grantees include Massachusetts Institute of Technology ($250,000), California Institute of Technology ($240,000) and Wellesley College ($92,000), according to its 2024 IRS Form 990-PF. Together they received 95% of its itemized 2024 grant dollars.
How large is Kresa Family Foundation?
Kresa Family Foundation reported $14.3M in total assets on its 2024 IRS Form 990-PF. It paid out $656K in qualifying distributions that year, against a required minimum of $625K (roughly 5% of its investment assets).
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.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
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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