Michael Kluger & Heidi Greene Foundation
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
29
+16.0% YoY
Avg Grant Size
$9K
-30.4% YoY
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
States
Cities
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.
| 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
No grants recorded for .
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
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
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Data last updated April 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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