The Raymond and Bessie Kravis Foundation
The Raymond and Bessie Kravis Foundation is a private foundation, based in New York, NY. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $45.3M in total assets. In 2024, it awarded 3 grants totaling $4.7M. Net investment income was $4.8M.
The Raymond and Bessie Kravis Foundation at a glance
In short: The Raymond and Bessie Kravis Foundation gave $4.7M across 3 grants in 2024 (avg $1.6M), mostly in New York. Source: 2024 IRS Form 990-PF.
- Annual giving (2024)
- $4,716,764
- -20.1% vs 2023
- Grants made (2024)
- 3
- -25.0% vs 2023
- Average grant
- $1,572,255
- +6.5% vs 2023
- Median grant
- $500,000
- Total assets
- $45,269,804
- +0.2% vs 2023
- Primary geography
- New York (88% of itemized 2024 grant dollars)
- Latest 990 filing
- Form 990-PF, 2024 View filing
Data from IRS Form 990-PF, 2024; updated October 2026.
Who The Raymond and Bessie Kravis Foundation funds
How this funder distributes its grants
Top Recipients
Top 3 recipients in 2024
The largest 2024 recipient was Sponsors for Educational Opportunity ($4.2M). Together the top 3 received $4.7M.
Grant Size Distribution
21 grants across all recorded years
The most common grant size was in the $1–5M range: 6 grants of 21 (29%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2024 grant dollars across all 3 itemized grants.
Cities
How The Raymond and Bessie Kravis Foundation gives
- Giving grew 112% from 2021 to 2024. Method
- In 2024 it paid out 190% 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 2021 to 2024, annual grant giving ranged from $2.2M (2021) to $5.9M (2023). In 2024 it made 3 grants totaling $4.7M.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Sponsors for Educational Opportunity New York, NY | General | $4,166,764 |
| Raymond F Kravis Center for the Performing Arts West Palm Beach, FL | General | $500,000 |
| Tulsa Public Schools Tulsa, OK | General | $50,000 |
Ready to take the next step with The Raymond and Bessie Kravis Foundation?
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 | $45,269,804 | $4,965,279 | $5,024,689 | $4,716,764 | 3 | $4,906,917 | $4,814,169 | $2,583,733 |
| 2023 | $45,170,870 | $8,709,165 | $6,312,477 | $5,905,000 | 4 | $6,125,634 | $8,702,421 | $2,183,681 |
| 2022 | $42,561,361 | $6,025,264 | $2,658,096 | $2,225,000 | 7 | $2,376,317 | $2,604,171 | $2,328,170 |
| 2021 | $40,973,948 | $7,248,020 | $2,567,994 | $2,225,000 | 7 | $2,420,850 | $7,110,954 | $2,200,716 |
| 2020 | $33,208,414 | — | — | — | — | — | — | — |
Under IRS private-foundation payout rules, The Raymond and Bessie Kravis Foundation reported a distributable amount of $2.6M for 2024 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
The Raymond and Bessie Kravis Foundation's 2024 filing lists 4 officers; 2 of 4 officers listed in 2024 are compensated.
Officers on the 2024 filing
Kimberly R. Kravis
Trustee
On filings since 2021
0.5 hrs/week
$52K (2021) → $71K (2024)
Robert S. Kravis
Trustee
On filings since 2021
0.5 hrs/week
$52K (2021) → $45K (2024)
Henry R. Kravis
Trustee
On filings since 2021
No compensation reported
Marie-Josee Kravis
Trustee
On filings since 2021
No compensation reported
Data from IRS Form 990 filings, 2021–2024. "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 $71K, to Kimberly R Kravis (Trustee). 2 officers or directors reported compensation on that filing.
Frequently asked questions about The Raymond and Bessie Kravis Foundation
How much does The Raymond and Bessie Kravis Foundation give each year?
The Raymond and Bessie Kravis Foundation gave $4.7M across 3 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $5.9M across 4 grants.
What is The Raymond and Bessie Kravis Foundation's typical grant size?
The Raymond and Bessie Kravis Foundation's median grant in 2024 was $500,000, and its average grant was $1,572,255, across 3 grants on its 2024 IRS Form 990-PF.
Where does The Raymond and Bessie Kravis Foundation give grants?
The Raymond and Bessie Kravis Foundation gives mostly in New York: 88% of the grant dollars itemized on its 2024 IRS Form 990-PF went to recipients there. The next largest state was Florida (11%).
Does The Raymond and Bessie Kravis Foundation give general operating support?
Yes: 100% of The Raymond and Bessie Kravis Foundation's 2024 grants with a stated purpose (3 of 3) were for general or operating support, per its 2024 IRS Form 990-PF.
How large is The Raymond and Bessie Kravis Foundation?
The Raymond and Bessie Kravis Foundation reported $45.3M in total assets on its 2024 IRS Form 990-PF. It paid out $4.9M in qualifying distributions that year, against a required minimum of $2.6M (roughly 5% of its investment assets).
What is The Raymond and Bessie Kravis Foundation's EIN?
The Raymond and Bessie Kravis Foundation's EIN (Employer Identification Number) is 73-1393621. IRS Form 990 filing data is available on this page for 2020–2024.
Data last updated October 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
Other open foundation grants in New York
New York Open opportunities, soonest deadline first.
Explore Open Grants
Browse active grant opportunities in The Raymond and Bessie Kravis Foundation's focus areas in our free grants database
Similar Funders
Funders with grantees in common, and similar funders in New York
The Anne and Henry Zarrow Foundation
Tulsa, OK
The foundation supports nonprofits addressing poverty through housing, shelter, basic needs, social services, health and mental healthcare, and community empowerment, along with education, Jewish life, culture, and racial-justice initiatives. It funds primarily in metropolitan Tulsa, with additional support across Oklahoma and in Israel; 2024 grants ranged from $200 to $2.2 million, with a median of about $24,000. It accepts unsolicited requests: eligible nonprofits can email an initial inquiry.
Assets
$281.0M
Grants
476
Total Given
$37.3M
Commonwealth Foundation
Tulsa, OK
The foundation supports a broad range of educational, cultural, environmental, legal-services, housing, and health-care organizations, primarily in Oklahoma, with some funding in Kansas. Its 2025 grants ranged from $7,500 to $75,000, with a median of $20,000. It accepts requests from eligible 501(c)(3) organizations by letter; no deadline is stated.
Assets
$10.5M
Grants
17
Total Given
$553K
Grace & Franklin Bernsen Foundation
Tulsa, OK
The foundation supports Tulsa-area nonprofits working in charitable, educational, literary, religious, scientific, and child-protection fields, including capital, building, and program projects. Its 2025 grants ranged from $1,762 to $100,000, with a median of $20,000. It asks organizations to submit an abstract first; eligible applicants are invited to submit a full proposal.
Assets
$24.9M
Grants
68
Total Given
$1.8M
The Albert and Hete Barthelmes
Tulsa, OK
The foundation supports arts and cultural programs, music education, and other community organizations, with a focus on children and Oklahoma; its 2024 grants all went to Oklahoma recipients. Grants ranged from $5,000 to $275,000, with a median of $22,500. It says to contact the foundation about applying; whether it accepts unsolicited requests is not stated.
Assets
$5.4M
Grants
10
Total Given
$477K
A R and Marylouise Tandy Foundation
Tulsa, OK
The foundation funds eligible nonprofit organizations in the arts, education, religion, health, and other charitable areas, primarily in Oklahoma and Maine, especially Tulsa and Boothbay Harbor. Its 2024 grants ranged from $4,000 to $1.45 million, with a median of $16,500. It accepts written requests without a prescribed form; requests are due by January 1, April 1, July 1, or October 1.
Assets
$153K
Grants
45
Total Given
$7.1M
Maxine and Jack Zarrow Family Foundation
Tulsa, OK
The foundation primarily supports publicly supported exempt organizations serving people who are poor, distressed, or underprivileged, with grants spanning health, education, culture, and community services. Its 2024 grants ranged from $328 to $600,000, with a median of $9,400, and awards are primarily for the Tulsa area. It says it does not limit giving to preselected organizations and requests a written program description and proof of tax exemption.
Assets
$50.3M
Grants
117
Total Given
$2.8M
More similar funders
More Funders in New York
The filing figures on this page are open data under CC BY 4.0. About GrantGraph Open
Figures come from The Raymond and Bessie Kravis Foundation's IRS filings (methodology). AI-written summaries, news items and logos are not covered by the open licence. Spot an error? Email hello@grantable.co.
The Raymond and Bessie Kravis Foundation down — hundreds of funders to go?