Kt Family Foundation
The KT Family Foundation is a private foundation based in Vero Beach, Florida, established in 1994. It operates as a 501(c)(3) organization and focuses on making grants to various charitable causes and nonprofit organizations.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$3.1M
+5.1% YoY
Annual Giving
$264K
+12.2% YoY
Grant Count
16
+14.3% YoY
Avg Grant Size
$16K
-1.9% YoY
Under IRS private-foundation payout rules, Kt Family Foundation reported a distributable amount of $302K for 2024 — the minimum it must pay out in qualifying distributions.
Mission & Focus Areas
The foundation primarily funds youth programs, social responsibility, shelters, health and wellness, pregnancy care, and food programs. The foundation supports various 501(c)(3) organizations aligned with these priorities.
Grantmaking
The foundation made 16 grants in 2024. Recent grants include:
Grant Range
s range from $10,000 to $30,000 based on recent activity.
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Geographic Focus
Where this funder awards grants
The foundation funds organizations primarily in Florida, with a particular focus on the Vero Beach area and surrounding regions.
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
As of December 2024:
- Total Assets: $3,051,917
- Total Revenues: $463,565
- Total Expenses: $315,833
- Investment Income and Dividends: $109,130
- Net Gain from Sale of Non-Inventory Assets: $354,435
- Total Liabilities: $0
As of December 2023:
- Total Revenues: $463,565 (with investment income of $93,265)
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $3,051,917 | $2,904,915 | $2,635,294 |
| Revenue | $463,565 | $546,971 | $85,891 |
| Expenses | $315,833 | $277,350 | $310,192 |
| Qualifying Distributions | $266,298 | $237,071 | $260,333 |
| Net Investment Income | $421,664 | $506,692 | $46,187 |
| Distributable Amount | $301,763 | $255,518 | $254,161 |
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
78 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Abigayle Ministries ($30,000), Forgotten Harvest ($30,000), Mental Health Association of Irc ($30,000).
| Recipient | Purpose | Amount |
|---|---|---|
| ABIGAYLE MINISTRIES STERLING HEIGHTS, MI | PREGNANCY CARE | $30,000 |
| CAMP HAVEN VERO BEACH, FL | SOCIAL RESPONSIBILITY | $10,000 |
| CROSSROADS FARM READING, MI | YOUTH PROGRAM | $20,000 |
| FORGOTTEN HARVEST OAK PARK, MI | FOOD PROGRAM | $30,000 |
| HIBISCUS CHILDREN'S CENTER JENSEN BEACH, FL | SHELTERS | $5,000 |
| MENTAL HEALTH ASSOCIATION OF IRC VERO BEACH, FL | HEALTH AND WELLNESS | $30,000 |
| MICHIGAN ABOLITIONIST PROJECT DEARBORN HEIGHTS, MI | SOCIAL RESPONSIBILITY | $5,000 |
| SHEPHERD'S GATE LIVERMORE, CA | SHELTERS | $20,000 |
| THE SOURCE VERO BEACH, FL | SHELTERS | $25,000 |
| TURNING POINT MT CLEMENS, MI | SHELTERS | $15,000 |
Leadership & Key People
Leadership team and compensation from IRS filings
Kristen T. Heaney serves as a director of the foundation and is listed as the registered agent. Ryan B. Heaney is also listed as a director.
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| KRISTEN T HEANEY | DIRECTOR | 5 | — |
| JANICE L THOMPSON | DIRECTOR | 20 | — |
| LAURI A PALAZZOLO | DIRECTOR | 2 | — |
Contact Information
Address: 1275 US Highway 1, Suite 2-303 Vero Beach, FL 32960
Telephone: 253-733-4628
EIN: 38-3085402
Frequently Asked Questions
What does Kt Family Foundation fund?
The foundation primarily funds youth programs, social responsibility, shelters, health and wellness, pregnancy care, and food programs. The foundation supports various 501(c)(3) organizations aligned with these priorities.
How do I apply for a grant from Kt Family Foundation?
The foundation made 16 grants in 2024. Recent grants include: • Forgotten Harvest: $30,000 (Food Program) • Abigayle Ministries: $30,000 (Pregnancy Care) • Mental Health Association in Irc: $30,000 (Health and Wellness) • Women's Refuge of Vero Beach: $10,000 (Shelters) • Vero Classical School: $25,000 (Youth Program) Grant sizes range from $10,000 to $30,000 based on recent activity.
Where does Kt Family Foundation make grants?
The foundation funds organizations primarily in Florida, with a particular focus on the Vero Beach area and surrounding regions.
What size grants does Kt Family Foundation award?
In 2024, Kt Family Foundation awarded 16 grants totaling $264K — an average of about $16K per grant, based on its IRS Form 990 filings.
How much is Kt Family Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Kt Family Foundation reported a distributable amount of $302K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Kt Family Foundation's EIN?
Kt Family Foundation's EIN (Employer Identification Number) is 38-3085402. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in Kt Family Foundation's focus areas in our free grants database
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Data last updated June 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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