R & W Krause Foundation Inc
R & W Krause Foundation Inc is a private foundation, based in Rockford, MI. IRS filing data is available from 2020 through 2023. As of 2023, the organization holds $74K in total assets. In 2023, it awarded 3 grants totaling $5K. Net investment income was $107.
R & W Krause Foundation Inc at a glance
In short: R & W Krause Foundation Inc gave $5K across 3 grants in 2023 (avg $2K), mostly in Michigan. Source: 2023 IRS Form 990-PF.
- Annual giving (2023)
- $5,150
- -18.3% vs 2022
- Grants made (2023)
- 3
- +50.0% vs 2022
- Average grant
- $1,717
- -45.5% vs 2022
- Median grant
- $2,100
- Total assets
- $73,554
- -7.1% vs 2022
- Primary geography
- Michigan (100% of itemized 2023 grant dollars)
- Latest 990 filing
- Form 990-PF, 2023 View filing
Data from IRS Form 990-PF, 2023; updated October 2026.
Who R & W Krause Foundation Inc funds
How this funder distributes its grants
Top Recipients
Top 3 recipients in 2023
The largest 2023 recipient was Rockford Area Community Endowment ($3K). Together the top 3 received $5K.
Grant Size Distribution
8 grants across all recorded years
The most common grant size was under $50K: 8 grants of 8 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2023 grant dollars across all 3 itemized grants.
States
Cities
How R & W Krause Foundation Inc gives
- Giving fell 59% from 2020 to 2023. Method
- In 2023 it paid out 46% of its IRS minimum distribution (the 5% rule). Foundations have until the end of the next year to meet it. 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 2020 to 2023, annual grant giving ranged from $1K (2021) to $13K (2020). In 2023 it made 3 grants totaling $5K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Rockford Area Community Endowment Rockford, MI | Community Growth Initiative | $3,000 |
| Mary Free Bed Grand Rapids, MI | Health Care Enhancement | $2,100 |
| Forest Hills Central Public School Grand Rapids, MI | Education Enhancement | $50 |
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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 |
|---|---|---|---|---|---|---|---|---|
| 2023 | $73,554 | $2,985 | $8,634 | $5,150 | 3 | $5,150 | $107 | $11,195 |
| 2022 | $79,203 | $10,269 | $9,922 | $6,300 | 2 | $6,300 | $6,647 | $10,948 |
| 2021 | $78,856 | $1,272 | $4,744 | $1,000 | 1 | — | — | $10,480 |
| 2020 | $83,416 | $56,218 | $15,873 | $12,712 | 2 | — | $53,057 | $8,241 |
Under IRS private-foundation payout rules, R & W Krause Foundation Inc reported a distributable amount of $11K for 2023 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
R & W Krause Foundation Inc is led by Barbara K. Bunbury, President on every filing since 2020 — the only officer listed, and uncompensated.
Officers on the 2023 filing
Barbara K. Bunbury
President
On filings since 2020
1 hr/week
No compensation reported
Data from IRS Form 990 filings, 2020–2023. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Frequently asked questions about R & W Krause Foundation Inc
How much does R & W Krause Foundation Inc give each year?
R & W Krause Foundation Inc gave $5K across 3 grants in 2023, according to its 2023 IRS Form 990-PF. In 2022 it gave $6K across 2 grants.
What is R & W Krause Foundation Inc's typical grant size?
R & W Krause Foundation Inc's median grant in 2023 was $2,100, and its average grant was $1,717, across 3 grants on its 2023 IRS Form 990-PF.
Where does R & W Krause Foundation Inc give grants?
R & W Krause Foundation Inc gives mostly in Michigan: 100% of the grant dollars itemized on its 2023 IRS Form 990-PF went to recipients there. The most frequent recipient cities were Grand Rapids, MI (2 grants).
Does R & W Krause Foundation Inc give general operating support?
Not in 2023: none of the 3 grants with a stated purpose on R & W Krause Foundation Inc's 2023 IRS Form 990-PF were described as general or operating support.
How large is R & W Krause Foundation Inc?
R & W Krause Foundation Inc reported $74K in total assets on its 2023 IRS Form 990-PF. It paid out $5K in qualifying distributions that year, against a required minimum of $11K (roughly 5% of its investment assets). Falling short in one year is not a violation: foundations have until the end of the next year to meet the minimum.
What is R & W Krause Foundation Inc's EIN?
R & W Krause Foundation Inc's EIN (Employer Identification Number) is 38-6111582. IRS Form 990 filing data is available on this page for 2020–2023.
Data last updated October 2026. Sourced from IRS Form 990-PF filings.
Data update history
(5)
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2020 (received by the IRS September 15, 2021)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS September 9, 2022)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS September 15, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS September 13, 2024)
- IRS filings on file for fiscal years 2020–2023
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