KRW Foundation
KRW Foundation is a private foundation based in Grand Rapids, Michigan. Its 2024 filing reports grants to organizations including arts and cultural institutions, universities, and human-services organizations.
KRW Foundation at a glance
In short: KRW Foundation gave $2.8M across 34 grants in 2024 (avg $81K), mostly in Michigan. 18% of 2024 grantees were new. Source: 2024 IRS Form 990-PF.
- Annual giving (2024)
- $2,755,000
- +31.2% vs 2023
- Grants made (2024)
- 34
- +6.3% vs 2023
- Average grant
- $81,029
- +23.5% vs 2023
- Median grant
- $50,000
- Total assets
- $14,141,289
- +28.9% vs 2023
- New grantees (estimate)
- 18% first-time grantees (6 of 34, 2024)
- Primary geography
- Michigan (97% 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 KRW Foundation
- How to Apply
-
The filing lists Kate P. Wolters as the contact and says to submit a letter request; supporting information is welcomed. It lists no restrictions on awards.
- Review Cycle
- None listed.
- Deadline
- None listed.
- Contact
Application contact: Kate P Wolters
Mailing address: 2260 Cascade Springs Dr Se, Grand Rapids, MI 49546
Phone: (616) 949-0716
Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.
Who KRW Foundation funds
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
The largest 2024 recipient was Grand Rapids Symphony Endowment ($500K). Together the top 10 received $1.9M.
Grant Size Distribution
170 grants across all recorded years
The most common grant size was under $50K: 96 grants of 170 (56%).
Geographic Focus
Where this funder awards grants
In 2024, 97% of grant dollars went to recipients in Michigan and 3% to recipients in Washington, DC. The filing also reports 0% for Florida.
Grant Distribution by State
Share of 2024 grant dollars across all 34 itemized grants.
Cities
Is KRW Foundation open to new grantees?
18%
first-time grantees, 2024
In 2024, 6 of 34 grantees (18%) were first-time recipients. First grants averaged $64K; repeat grants $85K. How we count
Medians: $63K first-time, $50K repeat.
- 74% of 2024 grantees were also funded in 2023. Method
- Giving held roughly steady from 2021 to 2024 (−5%). Method
- In 2024 it paid out 266% of its IRS minimum distribution (the 5% rule). Method
Estimate from itemized grant lists in IRS Form 990-PF filings (2020–2024). 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 2020 to 2024, annual grant giving ranged from $2.0M (2022) to $3.8M (2020). In 2024 it made 34 grants totaling $2.8M.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Grand Rapids Symphony Endowment Grand Rapids, MI | General | $500,000 |
| Our Hope Grand Rapids, MI | General | $300,000 |
| Grand Valley State University Allendale, MI | General | $250,000 |
| Family Promise of Grand Rapids Grand Rapids, MI | General | $150,000 |
| Mary Free Bed Foundation Grand Rapids, MI | General | $150,000 |
| The Diatribe Grand Rapids, MI | General | $150,000 |
| United Methodist Community House Grand Rapids, MI | General | $100,000 |
| YMCA of Greater Grand Rapids Grand Rapids, MI | General | $100,000 |
| Grand Rapids Civic Theatre Grand Rapids, MI | General | $90,000 |
| Aspen Institute Washington, DC | General | $75,000 |
Ready to take the next step with KRW Foundation?
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 | $14,141,289 | $6,057,112 | $2,886,210 | $2,755,000 | 34 | $2,755,000 | $1,948,225 | $1,034,362 |
| 2023 | $10,970,802 | $349,227 | $2,189,595 | $2,100,000 | 32 | $2,100,000 | $326,868 | $839,095 |
| 2022 | $12,805,641 | $1,038,000 | $2,099,859 | $2,032,500 | 36 | $2,032,500 | $970,641 | $972,850 |
| 2021 | $14,610,143 | $491,471 | $2,978,008 | $2,897,064 | 33 | $2,897,064 | $410,527 | $1,171,296 |
| 2020 | $17,098,875 | $4,851,087 | $3,879,709 | $3,791,000 | 35 | — | $304,078 | $1,039,839 |
Under IRS private-foundation payout rules, KRW Foundation reported a distributable amount of $1.0M 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 foundation mission is stated in the available information. Its 2024 grants include support for organizations with varied missions. For example, Family Promise of Grand Rapids says it provides homelessness prevention, emergency shelter, housing solutions, and family and early-childhood services. The Diatribe says it uses restorative art to address historical systems of oppression, while Grand Rapids Civic Theatre says it uses theatre arts to inspire creativity and connection in the community.
Grantmaking
In 2024, KRW Foundation made 34 grants totaling $2,755,000. Grant amounts ranged from $5,000 to $500,000, with a median of $50,000.
The largest grants included $500,000 to Grand Rapids Symphony Endowment, $300,000 to Our Hope, $250,000 to Grand Valley State University, and $150,000 each to Family Promise of Grand Rapids, Mary Free Bed Foundation, and The Diatribe. These grants were listed for general purposes.
Leadership & Key People
Leadership team and compensation from IRS filings
The 2024 filing lists Kate P. Wolters as president, secretary, and treasurer, and Jeffrey B. Power as trustee.
KRW Foundation is led by Kate P. Wolters, President, Secretary & Treasurer on every filing since 2020; none of the 2 officers listed in 2024 report compensation.
Officers on the 2024 filing
Kate P. Wolters
President, Secretary & Treasurer
On filings since 2020
0.5 hrs/week
No compensation reported
Jeffrey B. Power
Trustee
On filings since 2020
0 hrs/week
No compensation reported
Former officers (1)
- Former: John Pew (2020) — Trustee
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 KRW Foundation
How much does KRW Foundation give each year?
KRW Foundation gave $2.8M across 34 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $2.1M across 32 grants.
What is KRW Foundation's typical grant size?
KRW Foundation's median grant in 2024 was $50,000, and its average grant was $81,029, across 34 grants on its 2024 IRS Form 990-PF. Organizations receiving their first grant from KRW Foundation that year got $64K on average.
Where does KRW Foundation give grants?
KRW Foundation gives mostly in Michigan: 97% of the grant dollars itemized on its 2024 IRS Form 990-PF went to recipients there. The most frequent recipient cities were Grand Rapids, MI (28 grants).
Does KRW Foundation give general operating support?
Yes: 100% of KRW Foundation's 2024 grants with a stated purpose (34 of 34) were for general or operating support, per its 2024 IRS Form 990-PF.
Who are KRW Foundation's largest grantees?
KRW Foundation's largest 2024 grantees include Grand Rapids Symphony Endowment ($500,000), Our Hope ($300,000) and Grand Valley State University ($250,000), according to its 2024 IRS Form 990-PF. Together they received 38% of its itemized 2024 grant dollars.
How large is KRW Foundation?
KRW Foundation reported $14.1M in total assets on its 2024 IRS Form 990-PF. It paid out $2.8M in qualifying distributions that year, against a required minimum of $1.0M (roughly 5% of its investment assets).
What does KRW Foundation fund?
No foundation mission is stated in the available information. Its 2024 grants include support for organizations with varied missions. For example, Family Promise of Grand Rapids says it provides homelessness prevention, emergency shelter, housing solutions, and family and early-childhood services. See mission & focus areas ↑
How do I apply for a grant from KRW Foundation?
The filing lists Kate P. Eligibility and process details are in the grantmaking section of this profile. See how to apply ↑
What is KRW Foundation's EIN?
KRW Foundation's EIN (Employer Identification Number) is 38-3384598. IRS Form 990 filing data is available on this page for 2020–2024.
Data last updated October 2026. Sourced from IRS Form 990-PF filings. Research dossier generated September 2026.
Data update history
(6)
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2020 (received by the IRS November 12, 2021)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS May 19, 2022)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS November 15, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS October 7, 2024)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS November 17, 2025)
- IRS filings on file for fiscal years 2020–2024
Explore Open Grants
Browse active grant opportunities in KRW Foundation's focus areas in our free grants database
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Cite this profile
Grantable. (2026). KRW Foundation funder profile. GrantGraph. Retrieved October 11, 2026, from https://grantable.co/funders/krw-foundation-morg_9eb0d3b340004b07b8c44eaccb1e07bc
BibTeX
@misc{grantable_383384598_2026,
author = {{Grantable}},
title = {{KRW Foundation funder profile}},
howpublished = {GrantGraph},
year = {2026},
url = {https://grantable.co/funders/krw-foundation-morg_9eb0d3b340004b07b8c44eaccb1e07bc},
note = {Accessed 2026-10-11. 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 KRW 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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