The Krause Family Foundation
The Krause Family Foundation is a private foundation designated as a 501(c)(3) organization. The foundation is based in Beachwood, Ohio and has been tax-exempt since December 1968. It operates as a family foundation with a board consisting of family members who serve without compensation.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$2.0M
+126.2% YoY
Annual Giving
$470K
+1021.5% YoY
Grant Count
3
-70.0% YoY
Avg Grant Size
$157K
+3638.2% YoY
Under IRS private-foundation payout rules, The Krause Family Foundation reported a distributable amount of $55K for 2024 — the minimum it must pay out in qualifying distributions.
Mission & Focus Areas
The foundation's grantmaking focuses primarily on:
- Education
- Philanthropy, Voluntarism & Grantmaking
- Human Services
The foundation makes general grants to support its mission areas.
Grantmaking
The foundation made 29 grants in 2024, with total giving of $470,000. Typical award amounts range from $60,000 to $340,000.
Ready to take the next step with The Krause Family Foundation?
Geographic Focus
Where this funder awards grants
The foundation primarily funds organizations in Ohio, though its grantmaking scope extends across multiple U.S. states.
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
As of December 2024:
- Total Assets: $2,048,290
- Total Revenue: $1,747,799
- Total Expenses: $481,808
- Total Liabilities: $0
Revenue Composition (2024):
- Total grants and contributions: $1,636,014
- Investment income and dividends: $16,521
- Net gain from sale of non-inventory assets: $95,264
The foundation has zero employees and operates with a volunteer board structure.
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $2,048,290 | $905,364 | $1,280,313 |
| Revenue | $1,747,799 | $-307,201 | $18,134 |
| Expenses | $481,808 | $49,011 | $476,368 |
| Qualifying Distributions | $471,875 | $43,833 | $474,850 |
| Net Investment Income | $104,159 | $27,202 | $16,416 |
| Distributable Amount | $54,993 | $42,423 | $49,423 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 3 recipients in 2024
Grant Size Distribution
85 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Jewish Federation of Cleveland ($340,000), The Friendship Circle of Cleveland ($80,000), Temple Tifereth Israel ($50,000).
| Recipient | Purpose | Amount |
|---|---|---|
| TEMPLE TIFERETH ISRAEL BEACHWOOD, OH | GENERAL | $50,000 |
| THE FRIENDSHIP CIRCLE OF CLEVELAND PEPPER PIKE, OH | GENERAL | $80,000 |
| JEWISH FEDERATION OF CLEVELAND CLEVELAND, OH | GENERAL | $340,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| PHILIP ROSENFELD | PRESIDENT/TREASURER | 1 | — |
| MATTHEW KADISH | SECRETARY | 1 | — |
Frequently Asked Questions
What does The Krause Family Foundation fund?
The foundation's grantmaking focuses primarily on: • Education • Philanthropy, Voluntarism & Grantmaking • Human Services The foundation makes general grants to support its mission areas.
How do I apply for a grant from The Krause Family Foundation?
**Grant Activity:** The foundation made 29 grants in 2024, with total giving of $470,000. Typical award amounts range from $60,000 to $340,000. **Recent Grants (2024):** • Jewish Federation of Cleveland: $340,000 (General) • Friendship Circle of Cleveland: $80,000 (General) Notable grantees include Case Western Reserve University.
Where does The Krause Family Foundation make grants?
The foundation primarily funds organizations in Ohio, though its grantmaking scope extends across multiple U.S. states.
What size grants does The Krause Family Foundation award?
In 2024, The Krause Family Foundation awarded 3 grants totaling $470K — an average of about $157K per grant, based on its IRS Form 990 filings.
How much is The Krause Family Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, The Krause Family Foundation reported a distributable amount of $55K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is The Krause Family Foundation's EIN?
The Krause Family Foundation's EIN (Employer Identification Number) is 34-6611350. IRS Form 990 filing data is available on this page for 2019–2024.
Explore Open Grants
Browse active grant opportunities in The Krause Family Foundation's focus areas in our free grants database
Related Funders
Similar funders by location and focus area
Cooper Tire Foundation Inc
AKRON, OH
Assets
$71K
Grants
2
Total Given
$67K
Auburn Education Foundation
CONCORD TOWNSHIP, OH
Assets
$352K
Grants
2
Total Given
$214K
Galpin-white Ta
BROOKLYN, OH
Assets
$16K
Grants
1
Total Given
$887
The Cleveland Superior Arts
CLEVELAND, OH
Assets
$5K
Grants
1
Total Given
$251K
Mary E H Rutter Tr Para 28
BROOKLYN, OH
Assets
$401K
Grants
1
Total Given
$26K
Carrie Peska Memorial Scholarship Fund
ANDOVER, OH
Assets
$19K
Grants
1
Total Given
$4K
Data last updated June 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
What could you do with The Krause Family Foundation on Grantable?
- Assess strategic fit with your organization
- Draft a tailored letter of inquiry
- Find open RFPs from this funder
- Monitor for new funding opportunities
Go from researching The Krause Family Foundation to a real strategy.