The Kohlberg Foundation Inc
The Kohlberg Foundation Inc is a private family foundation established in 1989 by private equity pioneer Jerome Kohlberg Jr. and his wife Nancy Kohlberg. Based in Armonk, New York, the foundation operates as a 501(c)(3) charitable organization with a staff of three employees. The foundation reflects the individual and collective philanthropy of its founders through strategic grantmaking across multiple sectors.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$209.6M
+1.1% YoY
Annual Giving
$10.3M
+6.5% YoY
Grant Count
13
-43.5% YoY
Avg Grant Size
$792K
+88.4% YoY
Mission & Focus Areas
The foundation's approach is characterized by an "unfettered, roll-up-your-sleeves quality" that emphasizes moving things ahead. The foundation works within three major categories:
- Health and Medical Research — including integrative medicine
- Education — including support for long-term legacy grants for HBCUs
- Environment — including environmental and conservation programs, sustainable foodways, and local land conservation
Additional focus areas include:
- Human services and family services
- Child welfare
- Prison reform
- Civic engagement through support for policy think tanks and legal advocacy
- Community and cultural organizations
Grantmaking
The foundation operates through trustee discretion rather than formal grant programs.
Grant Range
$10,000 to $2,500,000
Average Grant
approximately $420,583
How to Apply
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Geographic Focus
Where this funder awards grants
The foundation has a national focus with emphasis on the Northeastern United States. Geographic areas of support include major cities and states across the country, with particular concentration in New York, Massachusetts, and Pennsylvania.
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
As of 2024:
- Total Assets: $209,571,951
- Total Revenue: $7,852,702
- Total Expenses: $12,082,677
- Net Income: -$4,229,975
- Total Liabilities: $0
As of 2023:
- Total Assets: $207,234,230
- Total Revenue: $11,102,898
- Total Expenses: $11,923,085
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $209,571,951 | $207,234,230 | $188,677,169 |
| Revenue | $7,852,702 | $11,102,898 | $18,458,015 |
| Expenses | $12,082,677 | $11,923,085 | $21,049,890 |
| Qualifying Distributions | $11,425,561 | $10,747,954 | $19,933,380 |
| Net Investment Income | $14,507,437 | $20,453,824 | $15,833,689 |
| Distributable Amount | $11,147,721 | $10,341,125 | $10,902,851 |
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
186 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
Key Personnel:
- Nancy McCabe — President and Treasurer (compensation: $398,794)
- Jennifer Magnone — Officer (serves without compensation)
- Les Fagen — Officer (serves without compensation)
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| JENNIFER MAGNONE | SECRETARY | 1 | — |
| LES FAGEN | VICE PRESIDENT | 1 | — |
| NANCY MCCABE | PRESIDENT AND TREASURER | 40 | $392,944 |
Recent News & Activity
Recent developments and announcements
The foundation is in its final year of operations. According to available information, the foundation will close in 2025, honoring the wishes of its founders Jerome Kohlberg Jr. (who passed away in 2015) and Nancy Kohlberg (who passed away in 2022).
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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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