Krause Foundation
- Assets
- $10.7m
- Revenue
- $187.4k
- Investments
- $10.6m
- Employees
- 0
- Location
- Los Altos Hills, CA
- Founding
- 09/1995
- Data as of
- 12/2022
- EIN
- 77-0388463
Organization Overview
Krause Foundation is located in Los Altos Hills, CA. The organization was established in 1995. According to its NTEE Classification (Z99) the organization is classified as: Unknown, under the broad grouping of Unknown and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Krause 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, Krause Foundation generated $187.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (21.3%) each year. All expenses for the organization totaled $639.5k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Krause Foundation has awarded 51 individual grants totaling $1,588,530. 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
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE CITADEL FOUNDATION- 171 MOULTRIE ST, CHARLESTON, SC 29409
PALO ALTO MEDICAL FOUNDATION - 795 EL CAMINO REAL, PALO ALTO, CA 94301
FOOTHILL DEANZA FOUNDATION - 12345 EL MONTE ROAD, LOS ALTOS HILLS, CA 94022
PENNSYLVANIA STATE UNIVERSITY - STATE COLLEGE, PA 16801
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
L Gay Krause President | 0 | $0 | |
L William Krause Secretary / | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $12,745 |
| Dividends & Interest | $185,224 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$79,130 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $68,588 |
| Total Revenue | $187,427 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $5,736 |
| Taxes | $200 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $146,098 |
| Total operating and administrative expenses | $157,034 |
| Contributions, gifts, grants paid | $482,510 |
| Total expenses and disbursements | $639,544 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $145,969 |
| Savings and temporary cash investments | $0 |
| 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 | $10,339,602 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $10,743,514 |
| 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, Krause Foundation has awarded $482,510 in support to 18 organizations.
| Grant Recipient | Amount |
|---|---|
CHALLENGE TEAMCHAC PURPOSE: DONATION | $10,000 |
CHILDREN NOW PURPOSE: DONATION | $25,000 |
CHRISTOPHER AND DANA REEVE FOUND PURPOSE: DONATION | $2,000 |
COMPUTER HISTROY MUSEUM PURPOSE: DONATION | $16,000 |
EAST SIDE EDUCATION FOUNDATION PURPOSE: DONATION | $1,000 |
FOOTHILL DEANZA FOUNDATION PURPOSE: DONATION | $200,000 |