The Krone Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in ALBANY, NY. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $5.3M in total assets. In 2024, it awarded 11 grants totaling $121K. Net investment income was $1.2M.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$5.3M
+41.7% YoY
Annual Giving
$121K
+73.4% YoY
Grant Count
11
+57.1% YoY
Avg Grant Size
$11K
+10.4% YoY
Under IRS private-foundation payout rules, The Krone Foundation Inc reported a distributable amount of $299K for 2024 — the minimum it must pay out in qualifying distributions.
About The Krone Foundation Inc
Based on IRS filings
The Krone Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in ALBANY, NY. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $5.3M in total assets. In 2024, it awarded 11 grants totaling $121K. Net investment income was $1.2M.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $5,328,519 | $3,760,585 | $3,249,909 |
| Revenue | $2,812,837 | $918,397 | $59,346 |
| Expenses | $173,808 | $88,544 | $51,448 |
| Qualifying Distributions | $123,729 | $72,223 | $28,605 |
| Net Investment Income | $1,222,039 | $402,027 | $57,869 |
| Distributable Amount | $299,447 | $185,301 | $180,855 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
Grant Size Distribution
24 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Boy Scouts of America National Foundation ($50,000), Mountain Retreat Association ($10,000), Capital Area Food Bank ($10,000).
| Recipient | Purpose | Amount |
|---|---|---|
| DC Scores Washington, DC | general charitable purposes | $5,000 |
| The Light House Annapolis, MD | General | $5,000 |
| Mountain Retreat Association Montreat, NC | general charitable purposes | $10,000 |
| Capital Area Food Bank Washington, DC | general charitable purposes | $10,000 |
| Haiti Reforestation Partnership Charlottesville, VA | general charitable purposes | $10,000 |
| Boy Scouts of America National Foundation Irving, TX | general charitable purposes | $50,000 |
| Transatlantic Council Boy Scouts of America APO, AE | general charitable purposes | $10,000 |
| Scouting America Silicon Valley Monterey Bay Counc San Jose, CA | general charitable purposes | $1,400 |
| Harvard Business School Cambridge, MA | general charitable purposes | $5,000 |
| WETA ARLINGTON, VA | general charitable purposes | $10,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| ROGER A KRONE | PRESIDENT/Director | 1 | — |
| HELEN B KRONE | SEC/Treas/Director | 1 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is The Krone Foundation Inc?
The Krone Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in ALBANY, NY. It holds $5.3M in total assets as of 2024.
How large is The Krone Foundation Inc?
As of 2024, The Krone Foundation Inc holds $5.3M in total assets with $2.8M in annual revenue. It awarded 11 grants totaling $121K in 2024.
Where does The Krone Foundation Inc operate?
The Krone Foundation Inc has awarded grants in Ae, California, District of Columbia, Massachusetts, Maryland, North Carolina, New York, Texas, Virginia.
What size grants does The Krone Foundation Inc award?
In 2024, The Krone Foundation Inc awarded 11 grants totaling $121K — an average of about $11K per grant, based on its IRS Form 990 filings.
How much is The Krone Foundation Inc required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, The Krone Foundation Inc reported a distributable amount of $299K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is The Krone Foundation Inc's EIN?
The Krone Foundation Inc's EIN (Employer Identification Number) is 20-5810908. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in The Krone Foundation Inc'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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