Klarman Family Foundation
- Assets
- $744.0m
- Revenue
- $72.5m
- Investments
- $544.1m
- Employees
- 0
- Location
- Boston, MA
- Founding
- 04/1991
- Data as of
- 12/2023
- EIN
- 04-3105768
Organization Overview
Klarman Family Foundation is located in Boston, MA. The organization was established in 1991. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Klarman Family Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2023, Klarman Family Foundation generated $72.5m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (5.0%) each year. All expenses for the organization totaled $109.5m during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2021, Klarman Family Foundation has awarded 1,335 individual grants totaling $444,172,352. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Seth A Klarman Trustee | 5 | $0 | |
Beth S Klarman Trustee | 5 | $0 | |
Kim Mccabe President | 40 | $498,231 | |
Steven Moore Chief Operating Officer | 40 | $356,115 | |
Jonathan Horowitz Director, National & | 40 | $304,039 | |
Laura Sherman Director, Local Init | 40 | $267,750 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Globalization Partners | 12/30/23 | $462,993 |
Rsm Us Llp | 12/30/23 | $235,569 |
Cfar | 12/30/23 | $184,350 |
Boston Foundation | 12/30/23 | $112,788 |
President & Fellows Of Harvard College | 12/30/23 | $100,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $183,080 |
| Dividends & Interest | $8,131,992 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $51,123,770 |
| Capital Gain Net Income | $50,879,936 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $13,066,423 |
| Total Revenue | $72,505,265 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $854,346 |
| Other employee salaries and wages | $2,256,834 |
| Pension plans, employee benefits | $760,499 |
| Interest | $0 |
| Taxes | $856,987 |
| Depreciation | $119,290 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $167,838 |
| Printing and publications | $0 |
| Other expenses | $12,770,314 |
| Total operating and administrative expenses | $19,534,975 |
| Contributions, gifts, grants paid | $89,989,220 |
| Total expenses and disbursements | $109,524,195 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,924 |
| Savings and temporary cash investments | $150,723,167 |
| Net Accounts receivable | $46,903,091 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $10,946 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $510,841,159 |
| Net Land, buildings, and equipment | $233,000 |
| Other assets | $2,018,313 |
| Total assets | $744,037,214 |
| Accounts payable and accrued expenses | $34,802 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $34,802 |
Grants Awarded
Over the last fiscal year, Klarman Family Foundation has awarded $121,858,639 in support to 393 organizations.
| Grant Recipient | Amount |
|---|---|
8400 - THE HEALTH NETWORK LTD (CC) PURPOSE: MEDICAL AND SCIENTIFIC RESEARCH: TO SUPPORT THE MARVI NETWORK FOR FISCAL YEARS 2023, 2024, AND 2025 | $150,000 |
A FAR CRY INC PURPOSE: UNRESTRICTED OPERATING SUPPORT FOR FISCAL YEARS 2022, 2023, AND 2024, AS A PART OF THE BARR-KLARMAN MASSACHUSETTS ARTS INITIATIVE | $42,500 |
A WIDER BRIDGE PURPOSE: CONNECTIONS TO ISRAEL: UNRESTRICTED OPERATING SUPPORT FOR FISCAL YEARS 2024 AND 2025 | $125,000 |
ACTION FOR BOSTON COMMUNITY DEVELOPMENT INC PURPOSE: MASSACHUSETTS COMMUNITY GRANTS: UNRESTRICTED OPERATING SUPPORT FOR FISCAL YEARS 2021, 2022, AND 2023 | $50,000 |
ACTION FOR BOSTON COMMUNITY DEVELOPMENT INC PURPOSE: MASSACHUSETTS COMMUNITY GRANTS: TO SUPPORT THE FUEL ASSISTANCE PROGRAM FOR FISCAL YEARS 2023, 2024 AND 2025 | $35,000 |
ADOLESCENT CONSULTATION SERVICES INC PURPOSE: CHILDREN'S MENTAL HEALTH: UNRESTRICTED OPERATING SUPPORT FOR FISCAL YEARS 2022, 2023, AND 2024 | $40,000 |