The Krasne Foundation Inc
The Krasne Foundation Inc. is a private foundation based in New York, NY, established in 1948. It is designated as a 501(c)(3) organization and operates as a corporate foundation affiliated with Krasdale Foods Inc., which is based in White Plains, NY. The foundation focuses on providing general unrestricted grants to organizations across multiple sectors.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$2.6M
-26.9% YoY
Annual Giving
$1.1M
-24.4% YoY
Grant Count
7
+16.7% YoY
Avg Grant Size
$155K
-35.2% YoY
Under IRS private-foundation payout rules, The Krasne Foundation Inc reported a distributable amount of $144K for 2024 — the minimum it must pay out in qualifying distributions.
Mission & Focus Areas
The foundation's primary funding areas include:
- Education
- Philanthropy, Voluntarism & Grantmaking
- Health Care
The foundation's stated purpose includes reversing expenses from 2020.
Grantmaking
The foundation made six grants in 2024, totaling $1,085,000 in giving. Recent grants include:
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Geographic Focus
Where this funder awards grants
The foundation primarily funds organizations in New York and Connecticut.
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
As of Fiscal Year Ending December 2024:
| Metric | Amount |
|---|---|
| Total Assets | $2,561,310 |
| Total Revenue | $149,038 |
| Total Expenses | $1,091,477 |
| Total Liabilities | $0 |
| Net Income | -$942,439 |
Revenue Composition (2024)
- Investment income and dividends: $149,038
- Contributions received: $0
Year-over-Year Changes (2023 to 2024)
- Total grants and contributions decreased from $1,000,000 to $0 (-100%)
- Investment income declined from $167,589 to $149,038 (-11.1%)
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $2,561,310 | $3,503,749 | $3,774,533 |
| Revenue | $149,038 | $1,167,633 | $1,004,577 |
| Expenses | $1,091,477 | $1,438,417 | $388,658 |
| Qualifying Distributions | $1,089,200 | $1,438,150 | $388,658 |
| Net Investment Income | $149,028 | $167,491 | $4,577 |
| Distributable Amount | $143,651 | $155,404 | $147,270 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 7 recipients in 2024
Grant Size Distribution
30 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Weill Cornell Medical College ($300,000), Memoral Sloan Kettering ($200,000), Nyu Langone Medical Center ($200,000).
| Recipient | Purpose | Amount |
|---|---|---|
| HARVEY SCHOOL KATONAH, NY | GENERAL SUPPORT | $150,000 |
| MEMORAL SLOAN KETTERING NEW YORK, NY | GENERAL SUPPORT | $200,000 |
| NATIONAL COMMITTEE FOR THE FURTHERANCE OF JEWISH EDUCATION BROOKLYN, NY | GENERAL SUPPORT | $35,000 |
| NYU LANGONE MEDICAL CENTER NEW YORK, NY | GENERAL SUPPORT | $200,000 |
| STAMFORD HOSPITAL FOUNDATION STAMFORD, CT | GENERAL SUPPORT | $100,000 |
| STEPHEN WISE FREE SYNAGOGUE NEW YORK, NY | GENERAL SUPPORT | $100,000 |
| WEILL CORNELL MEDICAL COLLEGE NEW YORK, NY | GENERAL SUPPORT | $300,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| CHARLES A KRASNE | PRESIDENT | 2 | — |
| KENNETH KRASNE | VICE PRESIDENT/SECRETARY | 1 | — |
| THATCHER KRASNE | TREASURER | 1 | — |
| KIM KRASNE BACON | DIRECTOR | 1 | — |
| STEVEN LOEB ESQ | DIRECTOR | 1 | — |
Frequently Asked Questions
What does The Krasne Foundation Inc fund?
The foundation's primary funding areas include: • Education • Philanthropy, Voluntarism & Grantmaking • Health Care The foundation's stated purpose includes reversing expenses from 2020.
How do I apply for a grant from The Krasne Foundation Inc?
**Grant Activity (2024)** The foundation made six grants in 2024, totaling $1,085,000 in giving. Recent grants include: | Grantee | Grant Type | Amount | |---------|-----------|--------| | The Harvey School | General Support | $150,000 | | Stephen Wise Free Synagogue | General Support | $100,000 | | National Committee for the Furtherance of Jewish Education (NCFJE) | General Support | $35,000 | **Grant Characteristics** • Typical award range: $35,000–$850,000 • Grant type: General unrestricted …
Where does The Krasne Foundation Inc make grants?
The foundation primarily funds organizations in New York and Connecticut.
What size grants does The Krasne Foundation Inc award?
In 2024, The Krasne Foundation Inc awarded 7 grants totaling $1.1M — an average of about $155K per grant, based on its IRS Form 990 filings.
How much is The Krasne Foundation Inc required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, The Krasne Foundation Inc reported a distributable amount of $144K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is The Krasne Foundation Inc's EIN?
The Krasne Foundation Inc's EIN (Employer Identification Number) is 13-6112855. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in The Krasne Foundation Inc's focus areas in our free grants database
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Data last updated June 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.