L and M Kraus Memorial Fund
L and M Kraus Memorial Fund is a private foundation focused on Philanthropy, based in Dallas, TX. IRS filing data is available from 2019 through 2025. As of 2025, the organization holds $205K in total assets. In 2025, it awarded 3 grants totaling $11K. Net investment income was $19K.
L and M Kraus Memorial Fund at a glance
In short: L and M Kraus Memorial Fund gave $11K across 3 grants in 2025 (avg $4K), mostly in Massachusetts. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $10,551
- +15.9% vs 2024
- Grants made (2025)
- 3
- +0.0% vs 2024
- Average grant
- $3,517
- +15.9% vs 2024
- Median grant
- $3,517
- Total assets
- $205,317
- +3.0% vs 2024
- Primary geography
- Massachusetts (100% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990-PF, 2025 View filing
Data from IRS Form 990-PF, 2025; updated September 2026.
Who L and M Kraus Memorial Fund funds
How this funder distributes its grants
Top Recipients
Top 3 recipients in 2025
The largest 2025 recipient was Catholic Charitable Bureau ($4K). Together the top 3 received $11K.
Grant Size Distribution
15 grants across all recorded years
The most common grant size was under $50K: 15 grants of 15 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2025 grant dollars across all 3 itemized grants.
States
Cities
How L and M Kraus Memorial Fund gives
- Giving held roughly steady from 2022 to 2025 (−2%). Method
- In 2025 it paid out 104% 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 2019 to 2025, annual grant giving ranged from $7K (2023) to $11K (2022). In 2025 it made 3 grants totaling $11K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Catholic Charitable Bureau Boston, MA | Unrestricted General | $3,517 |
| Little Sisters of the Poor Somerville, MA | Unrestricted General | $3,517 |
| St Brendan's Church Dorchester, MA | Unrestricted General | $3,517 |
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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 |
|---|---|---|---|---|---|---|---|---|
| 2025 | $205,317 | $21,863 | $15,987 | $10,551 | 3 | $12,465 | $18,706 | $11,959 |
| 2024 | $199,384 | $20,956 | $14,044 | $9,105 | 3 | $10,948 | $17,726 | $11,846 |
| 2023 | $192,152 | $6,418 | $11,503 | $7,032 | 3 | $8,735 | $3,017 | $10,319 |
| 2022 | $197,302 | $-4,746 | $16,350 | $10,713 | 3 | $12,484 | $1,142 | $10,651 |
| 2021 | $218,375 | $45,629 | $14,691 | $9,405 | 3 | $11,347 | $42,246 | $11,966 |
| 2020 | $187,189 | $15,972 | $14,132 | $9,462 | 3 | — | $13,235 | $10,302 |
| 2019 | $185,368 | $12,474 | $11,733 | $7,443 | 3 | — | $10,327 | $10,032 |
Under IRS private-foundation payout rules, L and M Kraus Memorial Fund reported a distributable amount of $12K for 2025 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
L and M Kraus Memorial Fund's only listed officer is Bank Of America, Trustee on every filing since 2021 (compensated).
Officers on the 2025 filing
Bank Of America
Trustee
On filings since 2021
1 hr/week
$4K (2021) → $3K (2025)
Former officers (1)
- Former: Bank Of America N A (2019–2020) — Trustee
Data from IRS Form 990 filings, 2019–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Compensation Overview
From 2025 IRS filing
The highest reported compensation on the 2025 filing was $3K, to Bank of America (Trustee).
Frequently asked questions about L and M Kraus Memorial Fund
How much does L and M Kraus Memorial Fund give each year?
L and M Kraus Memorial Fund gave $11K across 3 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $9K across 3 grants.
What is L and M Kraus Memorial Fund's typical grant size?
L and M Kraus Memorial Fund's median grant in 2025 was $3,517, and its average grant was $3,517, across 3 grants on its 2025 IRS Form 990-PF.
Where does L and M Kraus Memorial Fund give grants?
L and M Kraus Memorial Fund gives mostly in Massachusetts: 100% of the grant dollars itemized on its 2025 IRS Form 990-PF went to recipients there.
Does L and M Kraus Memorial Fund give general operating support?
Yes: 100% of L and M Kraus Memorial Fund's 2025 grants with a stated purpose (3 of 3) were for general or operating support, per its 2025 IRS Form 990-PF.
How large is L and M Kraus Memorial Fund?
L and M Kraus Memorial Fund reported $205K in total assets on its 2025 IRS Form 990-PF. It paid out $12K in qualifying distributions that year, against a required minimum of $12K (roughly 5% of its investment assets).
What is L and M Kraus Memorial Fund?
L and M Kraus Memorial Fund is a private foundation focused on Philanthropy, based in Dallas, TX. It holds $205K in total assets as of 2025.
What is L and M Kraus Memorial Fund's EIN?
L and M Kraus Memorial Fund's EIN (Employer Identification Number) is 04-6020138. IRS Form 990 filing data is available on this page for 2019–2025.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(8)
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2019 (received by the IRS April 9, 2020)
- Updated Form 990-PF for fiscal year 2020 (received by the IRS March 31, 2021)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS April 6, 2022)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS May 2, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS April 16, 2024)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS March 27, 2025)
- Updated Form 990-PF for fiscal year 2025 (received by the IRS April 21, 2026)
- IRS filings on file for fiscal years 2019–2025
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