Kohn Charitable Trust
- Assets
- $41.6m
- Revenue
- $8.4m
- Investments
- $40.8m
- Employees
- 0
- Location
- Mclean, VA
- Founding
- 09/2017
- Data as of
- 12/2022
- EIN
- 81-4683592
Organization Overview
Kohn Charitable Trust is located in Mclean, VA. The organization was established in 2017. 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. Kohn Charitable Trust 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, Kohn Charitable Trust generated $8.4m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 4.9% each year. All expenses for the organization totaled $2.2m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2017, Kohn Charitable Trust has awarded 27 individual grants totaling $5,410,472. 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:
THE PHILANTHROPIC FOCUS OF THE KOHN CHARITABLE TRUST IS (A) TO PROMOTE THE WELL-BEING OF CHILDREN WHO ARE UNDERPRIVILEGED AND UNDERREPRESENTED, THROUGH COLLABORATIVE EDUCATIONAL AND HEALTH INITIATIVES AND PROGRAMS THAT PROMOTE FUTURE SELF-SUFFICIENCY; (B) TO ASSIST THOSE WHO HAVE LITTLE OR NO VOICE IN SOCIETY THROUGH EMPOWERMENT AND REPRESENTATION; (C) TO AID THOSE THAT IMPROVE THE QUALITY OF LIFE OF INTELLECTUALLY DISABLED INDIVIDUALS AND TO AID THEIR EMPOWERMENT; AND (D) TO USE SCIENCE TO IMPROVE HUMAN HEALTH BY ADVANCING NEW DISCOVERY AND HEALTH OUTCOME INITIATIVES.CONSISTENT WITH THE MISSION OF THE KOHN CHARITABLE TRUST WE HAVE ESTABLISHED AT THE UNIVERSITY OF MICHIGAN WITH THE RACKHAM GRADUATE SCHOOL THE KOHN SCHOLAR AWARD. THIS TWO-YEAR GRADUATE SCHOLARSHIP AT THE GERALD R. FORD SCHOOL OF PUBLIC POLICY IS AWARDED TO A GRADUATE STUDENT UNDERREPRESENTED IN PUBLIC POLICY FIELD AND WHO HAS OUTSTANDING QUALIFICATIONS AND PROMISE.
WE HAVE ESTABLISHED AT THE UNIVERSITY OF MICHIGAN GERALD R. FORD SCHOOL OF PUBLIC POLICY THE KARL AND MARTHA KOHN PROFESSORSHIP OF SOCIAL POLICY. THIS POSITION WILL SUPPORT APPLIED RESEARCH IN U.S. EDUCATION POLICY THAT ADVANCES ALL RESIDENTS. THIS INITIATIVE WILL TAKE SEVERAL YEARS TO COMPLETE FUNDING.
WE HAVE ESTABLISHED AT THE PENNSYLVANIA STATE UNIVERSITY THE LOUIS AND HEDWIG STERNBERG CHAIR IN PLANT BIOLOGY IN THE EBERLY COLLEGE OF SCIENCE. FUNDING FOR THIS INITIATIVE WILL TAKE SEVERAL YEARS TO COMPLETE AND WILL PERMIT THE EBERLY COLLEGE OF SCIENCE TO DISCOVER AND ADVANCE NEW FINDINGS IN PLANT BIOLOGY.
WE HAVE ESTABLISHED AT THE UNIVERSITY OF MICHIGAN'S GERALD R. FORD SCHOOL OF PUBLIC POLICY THE HAROLD KOHN PROFESSORSHIP. THIS POSITION WILL SUPPORT APPLIED RESEARCH IN U.S. ECONOMY POLICY THAT ADVANCES ALL RESIDENTS. THIS INITIATIVE WILL TAKE SEVERAL YEARS TO COMPLETE FUNDING.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Harold L Kohn President/secretary | 7 | $0 | |
Carol Kakalec Kohn Vice-President/treasurer | 7 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $7,349,700 |
| Interest on Savings | $0 |
| Dividends & Interest | $637,029 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $258,300 |
| Capital Gain Net Income | $258,300 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $126,981 |
| Total Revenue | $8,372,010 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $31,900 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $1,311 |
| Printing and publications | $0 |
| Other expenses | $1,084 |
| Total operating and administrative expenses | $194,999 |
| Contributions, gifts, grants paid | $2,005,000 |
| Total expenses and disbursements | $2,199,999 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $10,040 |
| Savings and temporary cash investments | $811,528 |
| 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 | $18,054,865 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $41,579,073 |
| Accounts payable and accrued expenses | $1,311 |
| 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 | $1,311 |
Grants Awarded
Over the last fiscal year, Kohn Charitable Trust has awarded $2,005,000 in support to 7 organizations.
| Grant Recipient | Amount |
|---|---|
NURSE-FAMILY PARTNERSHIP PURPOSE: TO SUPPORT FIRST-TIME MOTHERS. | $30,000 |
THE PENNSYLVANIA STATE UNIVERSITY PURPOSE: TO SUPPORT THE LOUIS AND HEDWIG STERNBERG CHAIR IN PLANT BIOLOGY. | $500,000 |
UNIVERSITY OF MICHIGAN PURPOSE: TO SUPPORT THE HAROLD KOHN PROFESSORSHIP IN SOCIAL POLICY. | $250,000 |
UNIVERSITY OF MICHIGAN PURPOSE: TO SUPPORT THE KOHN SCHOLAR GRADUATE STUDENT FELLOWSHIP. | $600,000 |
UNIVERSITY OF MICHIGAN PURPOSE: TO SUPPORT THE KARL AND MARTHA KOHN PROFESSORSHIP IN SOCIAL POLICY. | $500,000 |
UNIVERSITY OF MICHIGAN PURPOSE: TO SUPPORT THE MICHAEL BARR SCHOLAR GRADUATE STUDENT FELLOWSHIP. | $25,000 |