The Klump Family Foundation Inc is a private family foundation established in 2006 and based in Atlanta, Georgia. The foundation operates as a 501(c)(3) organization with a focus on strategic philanthropic giving to nonprofit organizations, primarily in the Southeast and select national organizations.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$20.7M
-8.4% YoY
Annual Giving
$4.8M
+197.4% YoY
Grant Count
9
-30.8% YoY
Avg Grant Size
$535K
+329.5% YoY
Under IRS private-foundation payout rules, The Klump Family Foundation Inc reported a distributable amount of $1.1M for 2024 — the minimum it must pay out in qualifying distributions.
Mission & Focus Areas
The foundation's giving priorities include:
- Health
- Education
- Human services
- Support for the U.S. military
- Children and youth
- Arts and culture, including museums
- Sports
- Churches
- Community support, including crisis response
The foundation demonstrates a commitment to its charitable mission, with 96-98% of annual expenses dedicated directly to charitable disbursements.
Grantmaking
The foundation has awarded over $8.5 million in grants since 2016 across 215 individual awards. Recent grantees include:
Grant Range
s:**
How to Apply
**
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Geographic Focus
Where this funder awards grants
The foundation primarily supports organizations in Georgia, with emphasis on the Atlanta area. The foundation occasionally provides support to organizations located in Colorado and has some national reach.
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
As of 2023:
- Total assets: $22,547,425
- Total revenues: $6,882,172
- Total expenses: $1,757,087
- Total grants, contributions: $2,575,422
- Investment income and dividends: $686,500+
- Number of employees: 0
As of 2024:
- Total assets: $20,657,963
- Total giving: $4,813,750
Annual giving (2023): $1,618,750
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $20,657,963 | $22,547,425 | $18,231,665 |
| Revenue | $3,403,460 | $6,882,172 | $7,797,052 |
| Expenses | $4,970,806 | $1,757,087 | $1,582,826 |
| Qualifying Distributions | $4,813,750 | $1,618,750 | $1,532,375 |
| Net Investment Income | $2,232,818 | $4,291,125 | $2,191,418 |
| Distributable Amount | $1,059,017 | $1,008,709 | $735,390 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 9 recipients in 2024
Grant Size Distribution
72 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include University of Colorado ($3,500,000), Childrens Healthcare of Atlanta ($1,000,000), Washington University ($112,500).
| Recipient | Purpose | Amount |
|---|---|---|
| CHILDRENS HEALTHCARE OF ATLANTA ATLANTA, GA | GENERAL | $1,000,000 |
| UNIVERSITY OF COLORADO BOULDER, CO | GENERAL | $3,500,000 |
| WASHINGTON UNIVERSITY ST LOUIS, MO | GENERAL | $112,500 |
| SPECIAL FORCES SCHOLARSHIP FUND FAYETTEVILLE, NC | GENERAL | $37,500 |
| THE UNIT FOUNDATION VASS, NC | GENERAL | $93,750 |
| ASPEN JUNIOR GOLF FOUNDATION INC ASPEN, CO | GENERAL | $15,000 |
| Daughters Against ALZ ATLANTA, GA | GENERAL | $25,000 |
| INTERNATIONAL MEDICAL CORPS Los Angeles, CA | GENERAL | $20,000 |
| BOYS & GIRLS CLUB OF PALM BEACH COUNTY WEST PALM BEACH, FM | GENERAL | $10,000 |
Leadership & Key People
Leadership team and compensation from IRS filings
Michael Klump — President & Trustee, Officer
Michael Klump is the founder and chairman of Argonne Capital Group, an Atlanta-based private investment firm founded in 2003 that specializes in multi-unit restaurant, retail, and service industries. He moved to Atlanta in 1991. Klump's early interest in philanthropy began in childhood in St. Louis, Missouri, where his family participated in volunteer events and community fundraising activities. He established the Klump Family Foundation more than a decade ago and heads the foundation with a small committee that manages pledges to nonprofit organizations.
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| MICHAEL KLUMP | TRUSTEE, PRESIDENT | — | — |
Recent News & Activity
Recent developments and announcements
The foundation made a significant gift to United Way of Greater Atlanta to support those affected by the COVID-19 pandemic. This contribution reflected the foundation's commitment to crisis response and community support during the pandemic year of 2020.
Lumpkin Family Foundation announces Land, Health, Community grant recipients.Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What does The Klump Family Foundation Inc fund?
The foundation's giving priorities include: • Health • Education • Human services • Support for the U.S. military • Children and youth • Arts and culture, including museums • Sports • Churches • Community support, including crisis response The foundation demonstrates a commitment to its charitable mission, with 96-98% of annual expenses dedicated directly to charitable disbursements.
How do I apply for a grant from The Klump Family Foundation Inc?
**Grant Sizes:** • Standard grants: $37,500–$75,000 • Mid-level support: $50,000–$150,000 • Major gifts: $500,000–$1,000,000 **Recent Grant Activity:** The foundation has awarded over $8.5 million in grants since 2016 across 215 individual awards. Recent grantees include: • Children's Healthcare of Atlanta (signature beneficiary receiving multi-million dollar support) • University of Chicago Medical Center ($100,000) • The Unit Foundation ($93,750) • Santa Clara University ($75,000) **Applicati…
Where does The Klump Family Foundation Inc make grants?
The foundation primarily supports organizations in Georgia, with emphasis on the Atlanta area. The foundation occasionally provides support to organizations located in Colorado and has some national reach.
What size grants does The Klump Family Foundation Inc award?
In 2024, The Klump Family Foundation Inc awarded 9 grants totaling $4.8M — an average of about $535K per grant, based on its IRS Form 990 filings.
How much is The Klump Family Foundation Inc required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, The Klump Family Foundation Inc reported a distributable amount of $1.1M on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is The Klump Family Foundation Inc's EIN?
The Klump Family Foundation Inc's EIN (Employer Identification Number) is 20-5756777. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in The Klump Family Foundation Inc's focus areas in our free grants database
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Data last updated June 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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