The Todd and Deborah Krasnow Foundation

NORTH PALM BEACH, FL EIN: 04-3213639

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

-12.5% YoY

Avg Grant Size

$12K

-0.5% YoY

Under IRS private-foundation payout rules, The Todd and Deborah Krasnow Foundation reported a distributable amount of $43K for 2024 — the minimum it must pay out in qualifying distributions.

Research compiled by Grantable AI from public sources. Last updated April 2026.

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

Massachusetts $458K (46%)

District of Columbia $309K (31%)

New York $113K (11%)

Texas $31K (3%)

Florida $26K (3%)

Washington $25K (2%)

California $12K (1%)

Georgia $10K (1%)

+7 more states

States

California District of Columbia Florida Georgia Illinois Massachusetts Maryland Minnesota North Carolina New Hampshire New York Ohio Pennsylvania Texas Washington

Cities

AmherstAtlantaAuburndaleBloomingtonBostonBoynton BeachCambridgeCharlotteCharlstownChicagoColleyvilleEast LiverpoolEncinitasFort WorthHagerstownJupiterKeeneKenmoreManchesterMiami

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

Revenue

Expenses

Qualifying Distributions

Net Investment Income

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

Among its reported 2024 grants, the largest include Combined Jewish Philanthropies of Greater Boston Inc ($100,000), Smithsonian Institution ($100,000), Anti-defamation League ($14,000).

Recipient	Purpose	Amount
AMERICAN FRIENDS OF NATAL INC NEW YORK, NY	GENERAL GRANT	$371
ANTI-DEFAMATION LEAGUE NEW YORK, NY	GENERAL GRANT	$14,000
C&S CHARITIES KEENE, NH	GENERAL GRANT	$1,000
CARING BRIDGE BLOOMINGTON, MN	GENERAL GRANT	$500
COMBINED JEWISH PHILANTHROPIES OF GREATER BOSTON INC BOSTON, MA	GENERAL GRANT	$100,000
FLORIDIANS PROTECTING FREEDON MIAMI, FL	GENERAL GRANT	$258
FRIENDS OF ISRAEL DEFENSE FORCES NEW YORK, NY	GENERAL GRANT	$5,000
HILLEL WASHINGTON, DC	GENERAL GRANT	$1,800
JEWISH NATIONAL FUND BOSTON, MA	GENERAL GRANT	$4,140
MOISHE HOUSE ENCINITAS, CA	GENERAL GRANT	$11,836

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

2021

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.

Frequently Asked Questions

What does The Todd and Deborah Krasnow Foundation fund?

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.

How do I apply for a grant from The Todd and Deborah Krasnow Foundation?

**Grant Activity:** • Total giving in 2024: $261,448 • Number of grants made in 2024: 16 grants • Typical award range: $3–$126,800 **Recent Grantees (2024):** • Combined Jewish Philanthropies of Greater Boston: $100,000 • Smithsonian Institution: $100,000 • Anti-Defamation League (ADL): $14,000 The foundation makes general grants to selected organizations. Specific application procedures are not detailed in available sources.

Where does The Todd and Deborah Krasnow Foundation make grants?

The foundation primarily funds organizations in: • New York • Massachusetts • Florida

What size grants does The Todd and Deborah Krasnow Foundation award?

In 2024, The Todd and Deborah Krasnow Foundation awarded 21 grants totaling $261K — an average of about $12K per grant, based on its IRS Form 990 filings.

How much is The Todd and Deborah Krasnow Foundation required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2024, The Todd and Deborah Krasnow Foundation reported a distributable amount of $43K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.

What is The Todd and Deborah Krasnow Foundation's EIN?

The Todd and Deborah Krasnow Foundation's EIN (Employer Identification Number) is 04-3213639. IRS Form 990 filing data is available on this page for 2020–2024.