The Kangesser Foundation

NEWTON, MA EIN: 34-6529478

The Kangesser Foundation is a private foundation, based in NEWTON, MA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $3.4M in total assets. In 2024, it awarded 7 grants totaling $245K. Net investment income was $313K.

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$3.4M

+11.8% YoY

Annual Giving

$245K

+127.9% YoY

Grant Count

+0.0% YoY

Avg Grant Size

$35K

+127.9% YoY

Under IRS private-foundation payout rules, The Kangesser Foundation reported a distributable amount of $174K for 2024 — the minimum it must pay out in qualifying distributions.

About The Kangesser Foundation

Based on IRS filings

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

Ohio $494K (68%)

Massachusetts $237K (32%)

States

Massachusetts Ohio

Cities

BeachwoodBostonClevelandCleveland HeightsShaker HeightsWalthamWickliffe

Financial History

Multi-year comparison from IRS filings

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2024	2023	2022
Total Assets	$3,351,266	$2,997,699	$2,585,808
Revenue	$342,080	$87,914	$36,100
Expenses	$278,025	$135,319	$132,474
Qualifying Distributions	$248,287	$111,110	$106,751
Net Investment Income	$313,142	$63,705	$25,924
Distributable Amount	$174,273	$139,541	$137,612

Giving Over Time

Total grant dollars and number of grants per year

Grant Insights

How this funder distributes its grants

Top Recipients

Top 7 recipients in 2024

Grant Size Distribution

36 grants across all recorded years

Giving History

Grant recipients and amounts by year

Among its reported 2024 grants, the largest include Combined Jewish Philanthropies of Greater Boston Inc ($115,000), Joseph and Florence Mandel Jewish Day School ($60,000), Hathaway Brown School ($40,000).

Recipient	Purpose	Amount
BRIGHAM AND WOMEN'S HOSPITAL BOSTON, MA	CHARITABLE, CARDIOVASCULAR MEDICINE SUPPORT	$7,500
COMBINED JEWISH PHILANTHROPIES OF GREATER BOSTON INC BOSTON, MA	CHARITABLE SUPPORT	$115,000
HATHAWAY BROWN SCHOOL SHAKER HEIGHTS, OH	CHARITABLE ANNUAL FUND AND BUILDING FUND GENERAL SUPPORT	$40,000
HEBREW ACADEMY OF CLEVELAND CLEVELAND HEIGHTS, OH	CHARITABLE SUPPORT	$5,500
JEWISH FAMILY & CHILDREN'S SERVICES WALTHAM, MA	GENERAL CHARITABLE SUPPORT	$12,000
JEWISH FEDERATION OF CLEVELAND CLEVELAND, OH	CHARITABLE CAMPAIGN FOR JEWISH NEEDS	$5,000
JOSEPH AND FLORENCE MANDEL JEWISH DAY SCHOOL BEACHWOOD, OH	CAPITAL FUND AND ANNUAL FUND SUPPORT	$60,000

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

From 2024 IRS filing

From 2024 filing

Name	Title	Hours	Compensation
HEDY KANGESSER ADLER	PRESIDENT/TREASURER	2	—
DAVID F ADLER	SECRETARY	2	—

Frequently Asked Questions

How large is The Kangesser Foundation?

As of 2024, The Kangesser Foundation holds $3.4M in total assets with $342K in annual revenue. It awarded 7 grants totaling $245K in 2024.

Where does The Kangesser Foundation operate?

The Kangesser Foundation has awarded grants in Massachusetts, Ohio.

What size grants does The Kangesser Foundation award?

In 2024, The Kangesser Foundation awarded 7 grants totaling $245K — an average of about $35K per grant, based on its IRS Form 990 filings.

How much is The Kangesser Foundation required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2024, The Kangesser Foundation reported a distributable amount of $174K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.