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.
Key facts about The Raymond and Bessie Kravis Foundation
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.
- EIN
- 73-1393621
- Latest 990 filing
- Form 990-PF, 2024
- Annual giving (2024)
- $4,716,764
- Grants made (2024)
- 3
- Average grant
- $1,572,255
- Median grant
- $500,000
- Total assets
- $45,269,804
- Primary geography
- New York (88% of itemized 2024 grant dollars)
Data from IRS Form 990-PF, 2024; updated October 2026.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$45.3M
+0.2% YoY
Annual Giving
$4.7M
-20.1% YoY
Grant Count
3
-25.0% YoY
Avg Grant Size
$1.6M
+6.5% YoY
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.
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.
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2024 grant dollars across all 3 itemized grants.
Cities
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.
Grant Insights
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%).
Giving History
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 |
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $45,269,804 | $45,170,870 | $42,561,361 |
| Revenue | $4,965,279 | $8,709,165 | $6,025,264 |
| Expenses | $5,024,689 | $6,312,477 | $2,658,096 |
| Qualifying Distributions | $4,906,917 | $6,125,634 | $2,376,317 |
| Net Investment Income | $4,814,169 | $8,702,421 | $2,604,171 |
| Distributable Amount | $2,583,733 | $2,183,681 | $2,328,170 |
Data update history
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2024
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.
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