Joseph P Kennedy Jr Foundation
- Assets
- $14.0m
- Revenue
- $1.6m
- Investments
- $13.2m
- Employees
- 0
- Location
- Washington, DC
- Founding
- 10/1946
- Data as of
- 12/2021
- EIN
- 13-6083407
Organization Overview
Joseph P Kennedy Jr Foundation is located in Washington, DC. The organization was established in 1946. 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. Joseph P Kennedy Jr 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 12/2021, Joseph P Kennedy Jr Foundation generated $1.6m in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 45.3% each year . All expenses for the organization totaled $470.9k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2019, Joseph P Kennedy Jr Foundation has awarded 13 individual grants totaling $5,179,733. 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 |
|---|---|---|---|
Steven M Eidelman Manager | 4 | $23,250 | |
Timothy Shriver President | 1 | $0 | |
Christopher Mckelvy Vice President | 1 | $0 | |
Christopher G Kennedy Finance Committee Chair | 1 | $0 | |
Edward M Kennedy Jr Trustee | 1 | $0 | |
Stephen Smith Jr Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $415,286 |
| Interest on Savings | $0 |
| Dividends & Interest | $150,409 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $1,038,867 |
| Capital Gain Net Income | $1,038,867 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $1,547 |
| Total Revenue | $1,606,109 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $23,250 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $19,144 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $6,991 |
| Printing and publications | $0 |
| Other expenses | $22,574 |
| Total operating and administrative expenses | $142,674 |
| Contributions, gifts, grants paid | $328,233 |
| Total expenses and disbursements | $470,907 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $43,334 |
| Savings and temporary cash investments | $770,424 |
| 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 | $4,017 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $2,765,644 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $13,968,758 |
| Accounts payable and accrued expenses | $23,121 |
| 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 | $38,809 |
| Total liabilities | $61,930 |
Grants Awarded
Over the last fiscal year, Joseph P Kennedy Jr Foundation has awarded $328,233 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
Boston, MA PURPOSE: GRANT WILL SUPPORT THE DEVELOPMENT OF A PROJECT NAMED THE K FUND. | $125,000 |
Boston, MA PURPOSE: GRANT WILL PROVIDE FINANCIAL SUPPORT FOR AN INTERNATIONAL PUBLIC POLICY FELLOWSHIP. THESE FELLOWS WILL WORK UNDER THE DIRECTION OF THE JOSEPH P. KENNEDY JR. FOUNDATION. FUNDS GRANTED INCLUDE TRAVEL AND OTHER RELATED EXPENSES. | $119,900 |
Washington, DC PURPOSE: GRANT WILL SUPPORT THE DEVELOPMENT OF A VENTURE CAPITAL FUND SO ORGANIZATIONS CAN IMPROVE THE LIVES OF PEOPLE WITH INTELLECTUAL AND DEVELOPMENTAL DISABILITIES. GRANT WILL ALSO SUPPORT THE DEVELOPMENT OF A VENTURE CAPITAL FUND SO THAT ORGANIZATIONS CAN IMPROVE THE LIVES OF PEOPLE WITH INTELLECTUAL AND DEVELOPMENTAL DISIBILITIES. | $50,000 |
Silver Spring, MD PURPOSE: GRANT WILL PROVIDE FINANCIAL SUPPORT FOR A DOMESTIC PUBLIC POLICY FELLOWSHIP. THE FELLOW WILL WORK UNDER THE DIRECTION OF THE JOSEPH P. KENNEDY JR. FOUNDATION. | $33,333 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Msi-Us Washington, DC | $1,301,607 | $71,292,993 |
Peter Alfond Foundation Bethesda, MD | $78,752,550 | $129,307,233 |
Bhp Foundation Washington, DC | $309,092,778 | $68,102,954 |
Wyss Medical Foundation Inc Washington, DC | $41,278,790 | $827,503 |
Service Coordination Inc Frederick, MD | $19,156,790 | $52,158,150 |
Claws Foundation Reston, VA | $37,055,234 | $1,734,426 |
J Willard And Alice S Marriott Foundation Bethesda, MD | $441,340,618 | $31,840,539 |
Jack Kent Cooke Foundation Lansdowne, VA | $883,502,508 | $42,942,790 |
Bainum Family Foundation Bethesda, MD | $0 | $60,288,788 |
The Morningstar Philanthropic Foundation Bethesda, MD | $552,631,179 | $17,887,743 |
Danville Regional Foundation Danville, VA | $280,479,931 | $21,605,962 |
Freedom Forum Inc Laurel, MD | $0 | $16,145,029 |