The Todd and Deborah Krasnow Foundation
The Todd and Deborah Krasnow Foundation is a private family foundation established in 1993 and based in North Palm Beach, Florida. The foundation is a 501(c)(3) tax-exempt organization with no employees, operating as a grantmaking entity focused on supporting charitable causes aligned with the founders' philanthropic vision.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$1.3M
-15.1% YoY
Annual Giving
$261K
-13.0% YoY
Grant Count
21
-12.5% YoY
Avg Grant Size
$12K
-0.5% YoY
Mission & Focus Areas
The foundation's giving priorities center on:
- Education
- Philanthropy, Voluntarism & Grantmaking
- Human Services
The foundation emphasizes education as a core focus area, with leadership noting that education "connects very well to the Smithsonian's mission of expanding knowledge and educating and improving the world." The foundation's approach to philanthropy is rooted in a commitment to giving back, described as an act of patriotic philanthropy.
Grantmaking
The foundation makes general grants to selected organizations. Specific application procedures are not detailed in available sources.
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Geographic Focus
Where this funder awards grants
The foundation primarily funds organizations in:
- New York
- Massachusetts
- Florida
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
As of Fiscal Year Ending December 2024:
- Total assets: $1,288,140
- Total revenues: $63,807
- Total expenses: $282,449
- Net income: -$218,642
- Net assets: $1,281,820
- Total liabilities: $6,320
Prior Year (2023):
- Total grants, contributions received: $1,163,800
- Investment income and dividends: $10,934
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $1,288,140 | $1,516,795 | $616,255 |
| Revenue | $63,807 | $1,206,879 | $5,459 |
| Expenses | $282,449 | $321,918 | $153,906 |
| Qualifying Distributions | $282,449 | $321,918 | $153,906 |
| Net Investment Income | $63,807 | $43,079 | $13,333 |
| Distributable Amount | $43,215 | $32,195 | $35,542 |
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
91 grants across all recorded years
Giving History
Grant recipients and amounts by year
No grants recorded for .
Leadership & Key People
Leadership team and compensation from IRS filings
Todd Krasnow is the foundation's namesake and primary leader. He has had a distinguished career as an entrepreneur and business executive, serving as part of the founding management team at Staples and as president of the private equity firm Cobbs Capital. He serves as a chair and member of the advisory board of the Smithsonian Astrophysical Observatory.
Deborah Krasnow is co-founder of the foundation and partner in the family's philanthropic endeavors.
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| TODD KRASNOW | TRUSTEE/CHAIRMAN | 5 | — |
| DEBORAH KRASNOW | TRUSTEE | 5 | — |
Recent News & Activity
Recent developments and announcements
In 2021, Todd and Deborah Krasnow made a $1 million gift to the Smithsonian Astrophysical Observatory to support pioneering space science research. The gift supports the observatory's work in studying black holes, researching the magnetic field of the sun, and developing tools for the Giant Magellan Telescope to observe exoplanets.
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Data last updated April 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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