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.
Key facts about KT Family Foundation
- EIN
- 38-3085402
- Latest 990 filing
- Form 990-PF, 2024
- Annual giving (2024)
- $263,560
- Grants made (2024)
- 16
- Average grant
- $16,473
- Median grant
- $17,500
- New grantees (estimate)
- 6% first-time grantees (1 of 16, 2024)
- Total assets
- $3,051,917
- Primary geography
- Florida (49% of itemized 2024 grant dollars)
Data from IRS Form 990-PF, 2024; updated September 2026. New grantees are estimated by matching recipient names across years (methodology).
Who KT Family Foundation funds
By grant dollars, the top recipient states for KT Family Foundation's 16 itemized 2024 grants were Florida (49%), Michigan (38%) and California (8%). The most frequent recipient cities were Vero Beach, FL (7 grants). None of its 16 grants with a stated purpose were described as general or operating support. Recurring purposes include "Youth Program" (5 grants), "Shelters" (5 grants) and "Social Responsibility" (3 grants).
Is KT Family Foundation open to new grantees?
6%
first-time grantees, 2024
In 2024, 1 of 16 grantees (6%) were first-time recipients. First grants averaged $25K; repeat grants $16K. How we count
Medians: $25K first-time, $15K repeat.
- 81% of 2024 grantees were also funded in 2023. Method
- Giving fell 25% from 2021 to 2024. Method
- In 2024 it paid out 88% of its IRS minimum distribution (the 5% rule). Foundations have until the end of the next year to meet it. Method
Estimate from itemized IRS Form 990-PF grant lists (2020–2024). Recipient names are matched across years, so a renamed or misspelled grantee can look new; grants to individuals are left out. Methodology.
Next steps with KT Family Foundation
- How to evaluate KT Family Foundation as a funder
Our grant prospecting guide: read the 990-PF, check fit, and decide whether to apply.
- Draft an LOI to KT Family Foundation with AI
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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.
Ready to take the next step with KT Family Foundation?
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
Share of all 16 itemized 2024 grant dollars.
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 |
Data update history
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2024
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 recipients 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 |
| FORGOTTEN HARVEST Oak Park, MI | FOOD PROGRAM | $30,000 |
| MENTAL HEALTH ASSOCIATION OF IRC Vero Beach, FL | HEALTH AND WELLNESS | $30,000 |
| THE SOURCE Vero Beach, FL | SHELTERS | $25,000 |
| VERO CLASSICAL SCHOOL Vero Beach, FL | YOUTH PROGRAM | $25,000 |
| CROSSROADS FARM Reading, MI | YOUTH PROGRAM | $20,000 |
| SHEPHERD'S GATE Livermore, CA | SHELTERS | $20,000 |
| YOUTH FOR CHRIST INDIAN RIVER Vero Beach, FL | YOUTH PROGRAM | $20,000 |
| TURNING POINT Mt Clemens, MI | SHELTERS | $15,000 |
| URBAN HOPE INC Richmond, VA | SOCIAL RESPONSIBILITY | $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
No officer or director reported compensation in the available filings.
From 2024 IRS 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.
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Data last updated September 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.