Raymond & Bessie Kravis Foundation
- Assets
- $42.6m
- Revenue
- $6.0m
- Investments
- $41.0m
- Employees
- 0
- Location
- New York, NY
- Founding
- 07/1992
- Data as of
- 12/2022
- EIN
- 73-1393621
Organization Overview
Raymond & Bessie Kravis Foundation is located in New York, NY. The organization was established in 1992. 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. Raymond & Bessie Kravis 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 12/2022, Raymond & Bessie Kravis Foundation generated $6.0m in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 18.8% each year . All expenses for the organization totaled $2.7m during the year ending 12/2022. While expenses have increased by 8.2% per year over the past 3 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 2021, Raymond & Bessie Kravis Foundation has awarded 14 individual grants totaling $4,450,000. 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
NOT APPLICABLE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Henry R Kravis Trustee | 0 | $0 | |
Marie-Josee Kravis Trustee | 0 | $0 | |
Robert S Kravis Trustee | 0.5 | $45,577 | |
Kimberly R Kravis Trustee | 0.5 | $62,423 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $3,059,610 |
| Interest on Savings | $5,636 |
| Dividends & Interest | $656,934 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $1,346,456 |
| Capital Gain Net Income | $1,346,456 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $956,628 |
| Total Revenue | $6,025,264 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $108,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $220,146 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $433,096 |
| Contributions, gifts, grants paid | $2,225,000 |
| Total expenses and disbursements | $2,658,096 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,129,836 |
| Net Accounts receivable | $399,406 |
| 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 | $40,992,119 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $40,000 |
| Total assets | $42,561,361 |
| 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, Raymond & Bessie Kravis Foundation has awarded $2,225,000 in support to 7 organizations.
| Grant Recipient | Amount |
|---|---|
RAYMOND F KRAVIS CENTER FOR THE PERFORMING ARTS PURPOSE: GENERAL | $1,000,000 |
SPONSORS FOR EDUCATIONAL OPPORTUNITY PURPOSE: GENERAL | $700,000 |
GILCREASE MUSEUM PURPOSE: GENERAL | $200,000 |
TULSA SYMPHONY ORCHESTRA PURPOSE: GENERAL | $50,000 |
THE UNIVERSITY OF TULSA PURPOSE: GENERAL | $200,000 |
TULSA PUBLIC SCHOOLS PURPOSE: GENERAL | $50,000 |