Michael Kluger & Heidi Greene Foundation

PALM BEACH, FL EIN: 02-0551843

The Michael Kluger and Heidi Greene Foundation is a private grantmaking foundation based in Palm Beach, Florida. Established in 2002, the foundation operates as a 501(c)(3) charitable organization dedicated to philanthropic giving across multiple sectors.

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$3.4M

-4.2% YoY

Annual Giving

$251K

-19.2% YoY

Grant Count

+16.0% YoY

Avg Grant Size

$9K

-30.4% YoY

Under IRS private-foundation payout rules, Michael Kluger & Heidi Greene Foundation reported a distributable amount of $170K for 2024 — the minimum it must pay out in qualifying distributions.

Research compiled by Grantable AI from public sources. Last updated April 2026.

Mission & Focus Areas

The foundation primarily focuses on education, philanthropy and grantmaking, and human services. The foundation has demonstrated particular commitment to medical research, notably supporting the Juvenile Diabetes Research Foundation. Additional funding areas include arts and culture, community development, and educational institutions.

Grantmaking

The foundation made 21 grants in 2023. Recent grants include:

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Geographic Focus

Where this funder awards grants

The foundation primarily funds organizations in Florida, New York, and Texas.

Grant Distribution by State

Florida $754K (56%)

New York $289K (21%)

Connecticut $134K (10%)

Texas $77K (6%)

District of Columbia $63K (5%)

Massachusetts $11K (1%)

Michigan $8K (1%)

California $6K (0%)

+5 more states

States

California Connecticut District of Columbia Florida Massachusetts Maryland Michigan New Jersey New York Ohio Texas Virginia Vermont

Cities

AlbanyArlingtonBaltimoreBurlingtonCambridgeChesterClevelandDallasDetroitGreenwichHartfordJupiterLake WorthLoxahatcheeLoxahatchee GrovesMemphisMiamiMilpitasMontereyMontville

Financial History

Multi-year comparison from IRS filings

As of 2023:

Total Assets: $3.51 million
Total Revenue: $172,126
Total Expenses: $345,110
Total Liabilities: $0

As of 2022:

Total Assets: $3.36 million
Total Giving: $250,550

The foundation has maintained consistent financial stability with no outstanding liabilities.

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2024	2023	2022
Total Assets	$3,362,215	$3,509,800	$3,682,784
Revenue	$145,238	$172,126	$-34,503
Expenses	$292,823	$345,110	$405,444
Qualifying Distributions	$261,830	$315,600	$372,052
Net Investment Income	$114,245	$116,139	$672,918
Distributable Amount	$169,638	$165,068	$166,707

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

115 grants across all recorded years

Giving History

Grant recipients and amounts by year

Among its reported 2024 grants, the largest include Palm Beach Navy Seals ($50,000), Preservation Foundation of Palm Beach ($36,000), The Society of the Four Arts ($32,500).

Recipient	Purpose	Amount
AMERICAN HEART ASSOCIATION DALLAS, TX	TO FURTHER DONEE'S EXEMPT PURPOSE	$20,000
CHESTER THEATRE COMPANY CHESTER, MA	TO FURTHER DONEE'S EXEMPT PURPOSE	$1,000
COUDERT INSTITUTE WEST PALM BEACH, FL	TO FURTHER DONEE'S EXEMPT PURPOSE	$3,000
DETROIT HORSE POWER DETROIT, MI	TO FURTHER DONEE'S EXEMPT PURPOSE	$2,500
FRIENDS OF THE RECREATION FDN PALM BEACH, FL	TO FURTHER DONEE'S EXEMPT PURPOSE	$2,500
HAITI CARDIAC ALLIANCE BURLINGTON, VT	TO FURTHER DONEE'S EXEMPT PURPOSE	$1,500
HEART OF THE HAMPTONS SOUTHAMPTON, NY	TO FURTHER DONEE'S EXEMPT PURPOSE	$100
HOSPICE FOUNDATION OF PALM BEACH COUNTY INC PALM BEACH, FL	TO FURTHER DONEE'S EXEMPT PURPOSE	$5,000
NORTON MUSEUM OF ART INC WEST PALM BEACH, FL	TO FURTHER DONEE'S EXEMPT PURPOSE	$10,000
PALM BEACH CIVIC ASSOCIATION PALM BEACH, FL	TO FURTHER DONEE'S EXEMPT PURPOSE	$5,000

Leadership & Key People

Leadership team and compensation from IRS filings

Michael Kluger — Founder and namesake of the foundation. Kluger is a founding partner of Altaris Capital Partners LLC, a healthcare-focused investment firm launched in 2002. He retired from Altaris in 2018 but remains active on corporate boards and in healthcare investing. He holds a bachelor's degree in history from Trinity College and an MBA from the University of Chicago. Kluger serves as a board member of the Posse Foundation and the Friends of Recreation in Palm Beach, and is a trustee of Trinity College. He has also served on the board of the Mark Twain Library in Redding, Connecticut. He is the author of "Roosevelt and Churchill: The Atlantic Charter."

Heidi Greene — Co-founder of the foundation. She resides in Palm Beach with Michael Kluger.

The couple has two children, August and Anna, both based in New York City.

Compensation Overview

From 2024 IRS filing

From 2024 filing

Name	Title	Hours	Compensation
MICHAEL J KLUGER	TRUSTEE	1	—
HIEDI M GREENE	TRUSTEE	1	—

Recent News & Activity

Recent developments and announcements

2023

The foundation has continued active grantmaking through 2023, with documented grants to cultural institutions, educational organizations, and community trusts in the Palm Beach area.

Subject Areas

Focus areas based on grantmaking activity

Philanthropy, Voluntarism & Grantmaking

Frequently Asked Questions

What does Michael Kluger & Heidi Greene Foundation fund?

How do I apply for a grant from Michael Kluger & Heidi Greene Foundation?

The foundation made 21 grants in 2023. Recent grants include: • West Palm Golf Community Trust: $75,000 (2023) • The Society of The Four Arts: $25,000 (2023) • The Posse Foundation: $25,000 (2023) • Trinity College: grants made (amount not specified) Typical grant awards range from $100 to $75,000. The foundation's total giving in recent years has been approximately $250,550 annually.

Where does Michael Kluger & Heidi Greene Foundation make grants?

The foundation primarily funds organizations in Florida, New York, and Texas.

What size grants does Michael Kluger & Heidi Greene Foundation award?

In 2024, Michael Kluger & Heidi Greene Foundation awarded 29 grants totaling $251K — an average of about $9K per grant, based on its IRS Form 990 filings.

How much is Michael Kluger & Heidi Greene Foundation required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2024, Michael Kluger & Heidi Greene Foundation reported a distributable amount of $170K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.

What is Michael Kluger & Heidi Greene Foundation's EIN?

Michael Kluger & Heidi Greene Foundation's EIN (Employer Identification Number) is 02-0551843. IRS Form 990 filing data is available on this page for 2020–2024.