Milton A & Charlotte R Kramer Charitable Foundation
- Assets
- $6.4m
- Revenue
- $480.8k
- Investments
- $5.5m
- Employees
- 0
- Location
- Independence, OH
- Founding
- 05/1985
- Data as of
- 12/2023
- EIN
- 34-1467089
Organization Overview
Milton A & Charlotte R Kramer Charitable Foundation is located in Independence, OH. The organization was established in 1985. 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. Milton A & Charlotte R Kramer Charitable 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, Milton A & Charlotte R Kramer Charitable Foundation generated $480.8k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 0.3% each year. All expenses for the organization totaled $1.2m during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Milton A & Charlotte R Kramer Charitable Foundation has awarded 279 individual grants totaling $5,012,815. 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
DISTRIBUTION OF FUNDS TO NUMEROUS CHARITABLE ORGANIZATIONS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mark R Kramer Trustee | 0 | $0 | |
Toby Kramer Trustee | 0 | $0 | |
Elizabeth Kramer Trustee | 0 | $0 | |
Benjamin Kramer Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $342,778 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $5,459 |
| Capital Gain Net Income | $7,503 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $132,548 |
| Total Revenue | $480,785 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $67,748 |
| Taxes | $20,351 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $72,414 |
| Total operating and administrative expenses | $206,649 |
| Contributions, gifts, grants paid | $1,010,000 |
| Total expenses and disbursements | $1,216,649 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $527,514 |
| 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 | $2,341,784 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $382,994 |
| Total assets | $6,404,977 |
| 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, Milton A & Charlotte R Kramer Charitable Foundation has awarded $1,010,000 in support to 10 organizations.
| Grant Recipient | Amount |
|---|---|
BABY2BABY PURPOSE: AID TO LOW INCOME CHILDREN | $30,000 |
PROVIDENCE HOUSE PURPOSE: EMERGENCY SHELTER FOR CHILDREN | $5,000 |
DOCTORS WITHOUT BORDERS USA PURPOSE: AID TO COMMUNITIES | $625,000 |
LOS ANGELES REGIONAL FOOD BANK PURPOSE: FOOD FOR NEEDY | $5,000 |
FRACTURED ATLAS PURPOSE: SUPPORTING ARTISTS | $50,000 |
ANGELES ART FUND PURPOSE: SUPPORTING ARTISTS | $5,000 |