The Kovner Foundation is a private 501(c)(3) foundation established in 1986 and incorporated in 1996. Based in Jupiter, Florida, the foundation is a family foundation dedicated to philanthropic giving across multiple sectors including arts, education, and policy initiatives.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$335.3M
+22.6% YoY
Annual Giving
$18.7M
+1.5% YoY
Grant Count
81
-4.7% YoY
Avg Grant Size
$231K
+6.5% YoY
Mission & Focus Areas
The foundation supports organizations that:
- Promote excellence in the arts and education
- Defend private enterprise and protect individual rights
- Conduct scholarly studies and research that strengthen American democratic principles
The foundation operates through four main program areas:
Education — Focuses on expanding competition and choice throughout American educational systems, both public and private institutions, with emphasis on education reform, school choice, and charter schools.
Scholarships — Rewards academic achievement and ambition by providing scholarships to students who have demonstrated leadership, strength of character, and determination.
Arts — Supports excellence in the arts sector.
Community — Supports community-focused initiatives.
Additionally, the foundation supports initiatives that defend private enterprise and protect individual rights.
Grantmaking
The foundation does not accept unsolicited applications or requests for funding. Grants are made by invitation only.
Grant Range
$700 to $2,000,000
How to Apply
**
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Geographic Focus
Where this funder awards grants
The foundation has a primarily national focus with emphasis on Florida and New York areas, and maintains international reach.
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
Assets & Revenue (2024)
- Total assets: $335,279,276
- Total revenues: $62,417,901
- Total expenses: $21,051,713
- Annual giving: $18,683,705
Assets & Revenue (2023)
- Total assets: $273,505,676
- Total revenues: $43,099,460
- Total expenses: $20,066,577
- Annual giving: $18,413,999
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $335,279,276 | $273,505,676 | $242,203,722 |
| Revenue | $62,417,901 | $43,099,460 | $16,075,297 |
| Expenses | $21,051,713 | $20,066,577 | $18,080,579 |
| Qualifying Distributions | $18,683,705 | $18,413,999 | $17,090,440 |
| Net Investment Income | $55,374,009 | $32,828,395 | $19,363,083 |
| Distributable Amount | $13,304,140 | $12,122,192 | $12,183,425 |
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
250 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
- Maurice Edelson — Chief Executive Officer
- Benjamin Sosland — Vice President for Music Programs
- Diane Morrison — Executive Director
- Heath Weisberg — General Counsel and Secretary
The foundation was founded by Bruce S. Kovner, founder and former chairman of Caxton Associates, LLC, a global macro hedge fund, and his wife Suzanne (Suzie) Kovner.
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| BRUCE S KOVNER | PRESIDENT | 1 | — |
| PETER P D'ANGELO | TREASURER | 1 | — |
| FRANK WOHL CO LANKLER SIFFERT WOHL | DIRECTOR | 1 | — |
| KAREN CROSS | CONTROLLER | 1 | — |
| SUZANNE F KOVNER | VICE PRESIDENT | 1 | — |
| HEATH WEISBERG | GENERAL COUNSEL & SECRETARY | 1 | — |
| ROBERT WEDEKING | DIRECTOR | 1 | — |
| MAURICE EDELSON | CHIEF EXECUTIVE OFFICER | 40 | $138,413 |
| BENJAMIN SOSLAND | VICE PRESIDENT FOR MUSIC PROGRAMS | 40 | $87,500 |
Subject Areas
Focus areas based on grantmaking activity
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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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