L and M Kraus Memorial Fund

Foundation · Grantmaker DALLAS, TX EIN: 04-6020138

L and M Kraus Memorial Fund is a private foundation focused on Philanthropy, based in DALLAS, TX. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $199K in total assets. In 2024, it awarded 3 grants totaling $9K. Net investment income was $18K.

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$199K

+3.8% YoY

Annual Giving

$9K

+29.5% YoY

Grant Count

+0.0% YoY

Avg Grant Size

$3K

+29.5% YoY

Under IRS private-foundation payout rules, L and M Kraus Memorial Fund reported a distributable amount of $12K for 2024 — the minimum it must pay out in qualifying distributions.

About L and M Kraus Memorial Fund

Based on IRS filings

Focus Areas

Philanthropy Foundations

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

Massachusetts $46K (100%)

States

Massachusetts

Cities

BostonDorchesterSomerville

Financial History

Multi-year comparison from IRS filings

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2024	2023	2022
Total Assets	$199,384	$192,152	$197,302
Revenue	$20,956	$6,418	$-4,746
Expenses	$14,044	$11,503	$16,350
Qualifying Distributions	$10,948	$8,735	$12,484
Net Investment Income	$17,726	$3,017	$1,142
Distributable Amount	$11,846	$10,319	$10,651

Giving Over Time

Total grant dollars and number of grants per year

Grant Insights

How this funder distributes its grants

Top Recipients

Top 3 recipients in 2024

Grant Size Distribution

15 grants across all recorded years

Giving History

Grant recipients and amounts by year

Among its reported 2024 grants, the largest include Catholic Charitable Bureau ($3,035), Little Sisters of the Poor ($3,035), St Brendan's Church ($3,035).

Recipient	Purpose	Amount
CATHOLIC CHARITABLE BUREAU BOSTON, MA	UNRESTRICTED GENERAL	$3,035
LITTLE SISTERS OF THE POOR SOMERVILLE, MA	UNRESTRICTED GENERAL	$3,035
ST BRENDAN'S CHURCH DORCHESTER, MA	UNRESTRICTED GENERAL	$3,035

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

From 2024 IRS filing

From 2024 filing

Name	Title	Hours	Compensation
BANK OF AMERICA	TRUSTEE	1	$3,269

Subject Areas

Focus areas based on grantmaking activity

Philanthropy Foundations

Frequently Asked Questions

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 $199K in total assets as of 2024.

How large is L and M Kraus Memorial Fund?

As of 2024, L and M Kraus Memorial Fund holds $199K in total assets with $21K in annual revenue. It awarded 3 grants totaling $9K in 2024.

Where does L and M Kraus Memorial Fund operate?

L and M Kraus Memorial Fund has awarded grants in Massachusetts.

What size grants does L and M Kraus Memorial Fund award?

In 2024, L and M Kraus Memorial Fund awarded 3 grants totaling $9K — an average of about $3K per grant, based on its IRS Form 990 filings.

How much is L and M Kraus Memorial Fund required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2024, L and M Kraus Memorial Fund reported a distributable amount of $12K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.