The Kranz Family Foundation
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.
The Kranz Family Foundation at a glance
In short: The Kranz Family Foundation gave $209K across 9 grants in 2024 (avg $23K), mostly in Ohio. Source: 2024 IRS Form 990-PF.
- Annual giving (2024)
- $209,000
- +5.2% vs 2023
- Grants made (2024)
- 9
- +50.0% vs 2023
- Average grant
- $23,222
- -29.9% vs 2023
- Median grant
- $10,000
- Total assets
- $620,624
- -1.5% vs 2023
- Primary geography
- Ohio (100% of itemized 2024 grant dollars)
- Latest 990 filing
- Form 990-PF, 2024 View filing
Data from IRS Form 990-PF, 2024; updated September 2026.
Who The Kranz Family Foundation funds
How this funder distributes its grants
Top Recipients
Top 9 recipients in 2024
The largest 2024 recipient was Stewards Caring Place ($75K). Together the top 9 received $209K.
Grant Size Distribution
26 grants across all recorded years
The most common grant size was under $50K: 18 grants of 26 (69%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2024 grant dollars across all 9 itemized grants.
States
Cities
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.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2024, annual grant giving ranged from $83K (2021) to $209K (2024). In 2024 it made 9 grants totaling $209K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Stewards Caring Place Fairlawn, OH | Donnee's Stated Purpose | $75,000 |
| Heights Arts Cleveland, OH | Donee's Stated Purpose | $60,000 |
| Kaboom Collective Cleveland HTS, OH | Donee's Stated Purpose | $31,500 |
| Grace House Akron, OH | Donee's Stated Purpose | $12,500 |
| Make-a-Wish Foundation Cleveland, OH | Donee's Stated Purpose | $10,000 |
| Humane Society of Summit County Twinsburg, OH | Donee's Stated Purpose | $10,000 |
| Western Reserve Playhouse Richfield, OH | Donee's Stated Purpose | $5,000 |
| Inmotion Beachwood, OH | Donee's Stated Purpose | $2,500 |
| Akron Marathon Akron, OH | Donee's Stated Purpose | $2,500 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Net Investment Income | Distributable Amount |
|---|---|---|---|---|---|---|---|---|
| 2024 | $620,624 | $248,991 | $257,947 | $209,000 | 9 | $209,000 | — | $77,859 |
| 2023 | $629,853 | $148,353 | $239,167 | $198,750 | 6 | $198,750 | $132,436 | $75,417 |
| 2022 | $722,023 | $95,627 | $216,083 | $168,750 | 5 | $168,750 | $4,645 | $89,063 |
| 2021 | $842,479 | $163,894 | $127,394 | $82,825 | 3 | $82,825 | $10,977 | $96,907 |
| 2020 | $805,979 | $69,198 | $126,032 | $87,500 | 3 | — | $6,797 | $75,326 |
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.
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
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.
Data update history
(1)
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2024
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