Kraft Heinz Company Foundation
- Assets
- $398.8k
- Revenue
- $8.0m
- Investments
- $0.0
- Employees
- 0
- Location
- Chicago, IL
- Founding
- 09/2012
- Data as of
- 12/2021
- EIN
- 46-0858318
Organization Overview
Kraft Heinz Company Foundation is located in Chicago, IL. The organization was established in 2012. 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. Kraft Heinz Company 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, Kraft Heinz Company Foundation generated $8.0m in total revenue. All expenses for the organization totaled $17.8m during the year ending 12/2021. While expenses have increased by 38.4% per year over the past 5 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Kraft Heinz Company Foundation has awarded 55 individual grants totaling $27,217,650. 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 |
|---|---|---|---|
Amanda Young Director | 0.5 | $0 | |
Valerie Vincent Director | 0.5 | $0 | |
Jessica Vultaggio Director | 0.5 | $0 | |
Jonah Smith President | 4 | $0 | |
Rashida La Lande Director | 1 | $0 | |
Melissa Werneck Director | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $8,000,000 |
| Interest on Savings | $938 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $1,698 |
| Total Revenue | $8,002,636 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $19,324 |
| Contributions, gifts, grants paid | $17,762,295 |
| Total expenses and disbursements | $17,781,619 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $398,764 |
| 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 | $398,764 |
| Accounts payable and accrued expenses | $5,000 |
| Grants payable | $8,521,295 |
| 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 | $8,526,295 |
Grants Awarded
Over the last fiscal year, Kraft Heinz Company Foundation has awarded $18,431,000 in support to 32 organizations.
| Grant Recipient | Amount |
|---|---|
Raleigh, NC PURPOSE: SUPPORT GENERAL OPERATIONS | $8,500,000 |
Raleigh, NC PURPOSE: TO SUPPORT 1.5 BILLION MEAL DELIVERY | $3,500,000 |
HEIFER INTERNATIONAL FOUNDATION PURPOSE: SUPPORT GENERAL OPERATIONS | $2,500,000 |
Chicago, IL PURPOSE: SUPPORT GENERAL OPERATIONS | $1,000,000 |
Duquesne, PA PURPOSE: SUPPORT GENERAL OPERATIONS | $350,000 |
Raleigh, NC PURPOSE: SUPPORT GENERAL OPERATIONS | $250,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Abbvie Foundation North Chicago, IL | $72,211,109 | $4,010,058 |
Hall Family Foundation Kansas City, MO | $1,171,646,854 | $87,869,006 |
Caterpillar Foundation Peoria, IL | $93,606,659 | $54,411,827 |
Circle Of Service Foundation Chicago, IL | $697,372,085 | $55,153,209 |
Allstate Foundation Northbrook, IL | $112,475,932 | $31,277,614 |
William R Kenan Jr Charitable Trust Chicago, IL | $564,490,046 | $137,606,226 |
Polk Bros Foundation Inc Chicago, IL | $329,136,356 | $57,050,478 |
Pritzker Foundation Chicago, IL | $0 | $47,756,040 |
Trott Family Foundation Chicago, IL | $0 | $2,395,873 |
Anthem Foundation Inc Indianapolis, IN | $153,394,091 | $25,472,782 |
U S Bancorp Foundation Milwaukee, WI | $68,350,907 | $6,892,078 |
Manton Foundation Chicago, IL | $499,091,994 | $69,635,634 |