The Kranz Family Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, 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.
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.
About The Kranz Family Foundation
Based on IRS filings
The Kranz Family Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, 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.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| 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 |
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
26 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Stewards Caring Place ($75,000), Heights Arts ($60,000), Kaboom Collective ($31,500).
| Recipient | Purpose | Amount |
|---|---|---|
| MAKE-A-WISH FOUNDATION CLEVELAND, OH | DONEE'S STATED PURPOSE | $10,000 |
| STEWARDS CARING PLACE FAIRLAWN, OH | DONNEE'S STATED PURPOSE | $75,000 |
| KABOOM COLLECTIVE CLEVELAND HTS, OH | DONEE'S STATED PURPOSE | $31,500 |
| HUMANE SOCIETY OF SUMMIT COUNTY TWINSBURG, OH | DONEE'S STATED PURPOSE | $10,000 |
| GRACE HOUSE AKRON, OH | DONEE'S STATED PURPOSE | $12,500 |
| HEIGHTS ARTS CLEVELAND, OH | DONEE'S STATED PURPOSE | $60,000 |
| INMOTION BEACHWOOD, OH | DONEE'S STATED PURPOSE | $2,500 |
| AKRON MARATHON AKRON, OH | DONEE'S STATED PURPOSE | $2,500 |
| WESTERN RESERVE PLAYHOUSE RICHFIELD, OH | DONEE'S STATED PURPOSE | $5,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| PAUL L MILLET | PRES/TRUSTEE | — | $24,000 |
| DANA L SALEM | SECT/TRUSTEE | — | — |
| DAVID G MILLET | TRUSTEE | — | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is The Kranz Family Foundation?
The Kranz Family Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in BEACHWOOD, OH. It holds $621K in total assets as of 2024.
How large is The Kranz Family Foundation?
As of 2024, The Kranz Family Foundation holds $621K in total assets with $249K in annual revenue. It awarded 9 grants totaling $209K in 2024.
Where does The Kranz Family Foundation operate?
The Kranz Family Foundation has awarded grants in Ohio.
What size grants does The Kranz Family Foundation award?
In 2024, The Kranz Family Foundation awarded 9 grants totaling $209K — an average of about $23K per grant, based on its IRS Form 990 filings.
How much is The Kranz Family Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, The Kranz Family Foundation reported a distributable amount of $78K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
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.
Explore Open Grants
Browse active grant opportunities in The Kranz Family Foundation's focus areas in our free grants database
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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