Calvin Klein Family Foundation
- Assets
- $6.7m
- Revenue
- $467.5k
- Investments
- $6.1m
- Employees
- 0
- Location
- Santa Monica, CA
- Founding
- 04/1989
- Data as of
- 10/2023
- EIN
- 13-3472787
Organization Overview
Calvin Klein Family Foundation is located in Santa Monica, CA. The organization was established in 1989. 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. Calvin Klein 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 10/2023, Calvin Klein Family Foundation generated $467.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (31.8%) each year. All expenses for the organization totaled $259.6k during the year ending 10/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Calvin Klein Family Foundation has awarded 103 individual grants totaling $3,510,800. 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
N/A
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Calvin Klein President | 0 | $0 | |
Kelly Klein Director | 0 | $0 | |
Richard Norton CFO | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $2,337 |
| Dividends & Interest | $116,041 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $349,087 |
| Capital Gain Net Income | $349,087 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $467,465 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $10,202 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $275 |
| Total operating and administrative expenses | $27,585 |
| Contributions, gifts, grants paid | $232,000 |
| Total expenses and disbursements | $259,585 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $591,780 |
| Net Accounts receivable | $0 |
| 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 | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $6,693,937 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
Grants Awarded
Over the last fiscal year, Calvin Klein Family Foundation has awarded $232,000 in support to 10 organizations.
| Grant Recipient | Amount |
|---|---|
COLLEGIATE SCHOOL PURPOSE: TO PROVIDE RIGOR AND JOY OF A COLLEGIATE EDUCATION TO BOYS | $25,000 |
SOLVING KIDS CANCER PURPOSE: HELPS ACCELERATE NEW, NEXT-GENERATION TREATMENTS, INCLUDING IMMUNOTHERAPY, CANCER VACCINES, AND NEW DRUGS | $1,000 |
BYRD HOFFMAN WATER MILL FDN PURPOSE: PROVIDES A GLOBAL COMMUNITY THE TIME, SPACE, AND FREEDOM TO CREATE AND INSPIRE. | $10,000 |
GOD'S LOVE WE DELIVER PURPOSE: COOKS AND HOME-DELIVERS NUTRITIOUS, MEDICALLY TAILORED MEALS AND PROVIDES NUTRITION COUNSELING FOR VULNERABLE NEIGHBORS, CHILDREN, AND CAREGIVERS | $10,000 |
UNION COUNTY TORAH CENTER PURPOSE: JEWISH EDUCATIONAL OUTREACH CENTER AND SYNAGOGUE SERVING THE UNION COUNTY AREA | $1,000 |
BROWN UNIVERSITY PURPOSE: PRIVATE IVY LEAGUE RESEARCH UNIVERSITY | $35,000 |