The Kranz Family Foundation

Private foundation · Grantmaker Beachwood, OH EIN: 04-3670741

The Kranz Family Foundation is a private foundation, based in Beachwood, OH. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $621K in total assets. In 2024, it awarded 9 grants totaling $209K.

Key facts about The Kranz Family Foundation

In short: The Kranz Family Foundation gave $209K across 9 grants in 2024 (avg $23K), mostly in Ohio. Source: 2024 IRS Form 990-PF.

EIN
04-3670741
Latest 990 filing
Form 990-PF, 2024
Annual giving (2024)
$209,000
Grants made (2024)
9
Average grant
$23,222
Median grant
$10,000
Total assets
$620,624
Primary geography
Ohio (100% of itemized 2024 grant dollars)

Data from IRS Form 990-PF, 2024; updated September 2026.

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$621K

-1.5% YoY

Annual Giving

$209K

+5.2% YoY

Grant Count

9

+50.0% YoY

Avg Grant Size

$23K

-29.9% YoY

Under IRS private-foundation payout rules, The Kranz Family Foundation reported a distributable amount of $78K for 2024 — the minimum it must pay out in qualifying distributions.

How The Kranz Family Foundation gives

  • Giving grew 152% from 2021 to 2024. Method
  • In 2024 it paid out 268% of its IRS minimum distribution (the 5% rule). Method

From the foundation's IRS Form 990-PF filings. Methodology.

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

1state

Share of 2024 grant dollars across all 9 itemized grants.

States

Cities

ClevelandFairlawnAkronCleveland HtsTwinsburgBeachwoodEuclidRichfield

Giving Over Time

Total grant dollars and number of grants per year

$0$100K$200K$300K3 grants2020 3 grants2021 5 grants2022 6 grants2023 9 grants2024

From 2020 to 2024, annual grant giving ranged from $83K (2021) to $209K (2024). In 2024 it made 9 grants totaling $209K.

Grant Insights

How this funder distributes its grants

Top Recipients

Top 9 recipients in 2024

Stewards Caring Place: $75KStewards Caring Place$75KHeights Arts: $60KHeights Arts$60KKaboom Collective: $32KKaboom Collective$32KGrace House: $13KGrace House$13KMake-a-Wish Foundation: $10KMake-a-Wish Foundation$10KHumane Society of Summit County: $10KHumane Society of SummitCounty$10KWestern Reserve Playhouse: $5KWestern Reserve Playhouse$5KInmotion: $3KInmotion$3KAkron Marathon: $3KAkron Marathon$3K

The largest 2024 recipient was Stewards Caring Place ($75K). Together the top 9 received $209K.

Grant Size Distribution

26 grants across all recorded years

18<$50K8$50–100K$100–250K$250–500K$500K–1M$1–5M$5M+

The most common grant size was under $50K: 18 grants of 26 (69%).

Giving History

Grant recipients and amounts by year

RecipientPurposeAmount
Stewards Caring Place Fairlawn, OHDonnee's Stated Purpose$75,000
Heights Arts Cleveland, OHDonee's Stated Purpose$60,000
Kaboom Collective Cleveland HTS, OHDonee's Stated Purpose$31,500
Grace House Akron, OHDonee's Stated Purpose$12,500
Make-a-Wish Foundation Cleveland, OHDonee's Stated Purpose$10,000
Humane Society of Summit County Twinsburg, OHDonee's Stated Purpose$10,000
Western Reserve Playhouse Richfield, OHDonee's Stated Purpose$5,000
Inmotion Beachwood, OHDonee's Stated Purpose$2,500
Akron Marathon Akron, OHDonee's Stated Purpose$2,500

Financial History

Multi-year comparison from IRS filings

Revenue
Expenses
Qualifying Distributions
Net Investment Income
$0$100K$200K$300K2020 2021 2022 2023 2024
Metric202420232022
Total Assets$620,624$629,853$722,023
Revenue$248,991$148,353$95,627
Expenses$257,947$239,167$216,083
Qualifying Distributions$209,000$198,750$168,750
Net Investment Income—$132,436$4,645
Distributable Amount$77,859$75,417$89,063

Data update history

When this profile's IRS filing data changed on Grantable

  1. IRS filings on file for fiscal years 2020–2024

Leadership & Key People

Officers and directors from IRS filings

The Kranz Family Foundation is led by Paul L. Millet, President & Trustee on every filing since 2020; 1 of 3 officers listed in 2024 is compensated.

Officers on the 2024 filing

  • Paul L. Millet

    President & Trustee

    On filings since 2020

    $24K (2023) → $24K (2024)

  • Dana L. Salem

    Secretary & Trustee

    On filings since 2020

    $24K (2020) → $0 (2024)

  • David G. Millet

    Trustee

    On filings since 2020

    No compensation reported

Data from IRS Form 990 filings, 2020–2024. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.

Compensation Overview

From 2024 IRS filing

Paul L Millet — Pres/Trustee: $24KPaul L MilletPres/Trustee$24K

The highest reported compensation on the 2024 filing was $24K, to Paul L Millet (Pres/Trustee).

Frequently asked questions about The Kranz Family Foundation

How much does The Kranz Family Foundation give each year?

The Kranz Family Foundation gave $209K across 9 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $199K across 6 grants.

What is The Kranz Family Foundation's typical grant size?

The Kranz Family Foundation's median grant in 2024 was $10,000, and its average grant was $23,222, across 9 grants on its 2024 IRS Form 990-PF.

Where does The Kranz Family Foundation give grants?

The Kranz Family Foundation gives mostly in Ohio: 100% of the grant dollars itemized on its 2024 IRS Form 990-PF went to recipients there. The most frequent recipient cities were Cleveland, OH (2 grants) and Akron, OH (2 grants).

Does The Kranz Family Foundation give general operating support?

Not in 2024: none of the 9 grants with a stated purpose on The Kranz Family Foundation's 2024 IRS Form 990-PF were described as general or operating support. Recurring purposes include "Donee's Stated Purpose" (8 grants).

Who are The Kranz Family Foundation's largest grantees?

The Kranz Family Foundation's largest 2024 grantees include Stewards Caring Place ($75,000), Heights Arts ($60,000) and Kaboom Collective ($31,500), according to its 2024 IRS Form 990-PF. Together they received 80% of its itemized 2024 grant dollars.

How large is The Kranz Family Foundation?

The Kranz Family Foundation reported $621K in total assets on its 2024 IRS Form 990-PF. It paid out $209K in qualifying distributions that year, against a required minimum of $78K (roughly 5% of its investment assets).

What is The Kranz Family Foundation's EIN?

The Kranz Family Foundation's EIN (Employer Identification Number) is 04-3670741. IRS Form 990 filing data is available on this page for 2020–2024.

Data last updated September 2026. Sourced from IRS Form 990-PF filings.

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