The Kelton Foundation

WASHINGTON, DC EIN: 52-1268434

The Kelton Foundation is a private foundation, based in WASHINGTON, DC. IRS filing data is available from 2020 through 2023. In 2023, it awarded 5 grants totaling $647K. Net investment income was $641.

Financial Overview

From 2023 IRS Form 990-PF · View filing

Total Assets

—

-100.0% YoY

Annual Giving

$647K

+16065.0% YoY

Grant Count

+150.0% YoY

Avg Grant Size

$129K

+6366.0% YoY

Under IRS private-foundation payout rules, The Kelton Foundation reported a distributable amount of $16K for 2023 — the minimum it must pay out in qualifying distributions.

About The Kelton Foundation

Based on IRS filings

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

Rhode Island $8.3M (99%)

California $94K (1%)

Massachusetts $6K (0%)

District of Columbia $4K (0%)

Iowa $1K (0%)

Virginia $1K (0%)

States

California District of Columbia Iowa Massachusetts Rhode Island Virginia

Cities

BooneCharlottesvilleGuadalupeMarina Del ReySalemSan DiegoWarwickWashington

Financial History

Multi-year comparison from IRS filings

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2023	2022	2021
Total Assets	—	$3,750,919	$5,132,002
Revenue	$-2,852,324	$-1,244,086	$-266,431
Expenses	$704,273	$136,997	$7,804,115
Qualifying Distributions	$646,599	$4,000	$7,712,500
Net Investment Income	$641	—	$1,680
Distributable Amount	$15,948	$19,700	$98,993

Giving Over Time

Total grant dollars and number of grants per year

Grant Insights

How this funder distributes its grants

Top Recipients

Top 5 recipients in 2023

Grant Size Distribution

14 grants across all recorded years

Giving History

Grant recipients and amounts by year

Among its reported 2023 grants, the largest include The Skylandia Fund ($559,899), Guadalupe Kids Come First Foundaton ($60,000), Maritime Museum of San Diego ($24,200).

Recipient	Purpose	Amount
THE SKYLANDIA FUND WARWICK, RI	SUPPORT OF CHARITABLE ACTIVITIES	$559,899
GUADALUPE KIDS COME FIRST FOUNDATON GUADALUPE, CA	SUPPORT OF CHARITABLE ACTIVITIES	$60,000
MARITIME MUSEUM OF SAN DIEGO SAN DIEGO, CA	SUPPORT OF CHARITABLE ACTIVITIES	$24,200
PEABODY ESSEX MUSEUM SALEM, MA	SUPPORT OF CHARITABLE ACTIVITIES	$1,500
UNIVERSITY OF VIRGINIA BOONE, IA	SUPPORT OF CHARITABLE ACTIVITIES	$1,000

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

From 2023 IRS filing

From 2023 filing

Name	Title	Hours	Compensation
MARK KELTON	PRESIDENT/TREASURER/DIRECTOR	4	—
MARK LEEKLEY	VICE PRESIDENT/SECRETARY/DIRECTOR	0.5	—
CECIL HARRIGAN ESQ	ASSISTANT SECRETARY	0.2	—
JESSICA KELTON	DIRECTOR	—	—
DANIELLE KELTON SOPKO	DIRECTOR	—	—

Frequently Asked Questions

Where does The Kelton Foundation operate?

The Kelton Foundation has awarded grants in California, District of Columbia, Iowa, Massachusetts, Rhode Island, Virginia.

What size grants does The Kelton Foundation award?

In 2023, The Kelton Foundation awarded 5 grants totaling $647K — an average of about $129K per grant, based on its IRS Form 990 filings.

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

Private foundations must generally distribute about 5% of their assets annually. For 2023, The Kelton Foundation reported a distributable amount of $16K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.