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Arthur E Elsie G And Betty M Kranz Family Foundation is a private corporation based in BEACHWOOD, OH. The foundation received its IRS ruling in 2002. The principal officer is Paul L Millet. It holds total assets of $621K. Annual income is reported at $440K. Total assets have decreased from $1.2M in 2011 to $630K in 2023. The foundation is governed by 3 officers and trustees. The foundation operates in the area of philanthropy & grantmaking. According to its most recent filing, the foundation only makes contributions to preselected charitable organizations. Tax records are available from 2016 to 2023. Grantmaking is concentrated in Ohio. According to available records, Arthur E Elsie G And Betty M Kranz Family Foundation has made 16 grants totaling $508K, with a median grant of $23K. Annual giving has grown from $88K in 2020 to $338K in 2022. Individual grants have ranged from $3K to $75K, with an average award of $32K. The foundation has supported 7 unique organizations. Grant recipients are concentrated in Ohio. Contributions to this foundation are tax-deductible.
Smallest Grant
$10K
Median Grant
$10K
Average Grant
$28K
Largest Grant
$63K
Based on 3 grants from the most recent 990-PF filing.
No program descriptions are available for this foundation. Many private foundations report program activities in their annual 990-PF filings — check the Tax Filings section below for the most recent filing.
Arthur E Elsie G And Betty M Kranz Family Foundation primarily funds organizations in the area of philanthropy & grantmaking. Based on available records, the foundation has funded 16 grants. Its grantmaking reaches organizations primarily in OH.
Arthur E Elsie G And Betty M Kranz Family Foundation has distributed a total of $508K across 16 grants. The median grant size is $23K, with an average of $32K. Individual grants have ranged from $3K to $75K.
Arthur E Elsie G And Betty M Kranz Family Foundation typically selects its grantees rather than accepting unsolicited proposals.
Arthur E Elsie G And Betty M Kranz Family Foundation is headquartered in BEACHWOOD, OH.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Dana L Salem | SECT/TRUSTEE | $24K | $0 | $24K |
| Paul L Millet | PRES/TRUSTEE | $0 | $0 | N/A |
| David G Millet | TRUSTEE | $0 | $0 | N/A |
Total Giving
$239K
Total Assets
$630K
Fair Market Value
$1.6M
Net Worth
$630K
Grants Paid
$199K
Contributions
N/A
Net Investment Income
$132K
Distribution Amount
$75K
Total: $568K
Total Grants
16
Total Giving
$508K
Average Grant
$32K
Median Grant
$23K
Unique Recipients
7
Most Common Grant
$10K
of 2022 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Stewards Caring PlaceDONNEE'S STATED PURPOSE | Fairlawn, OH | $75K | 2022 |
| Shore Haven LutheranDONEE'S STATED PURPOSE | Euclid, OH | $50K | 2022 |
| Kaboom CollectiveDONEE'S STATED PURPOSE | Cleveland Hts, OH | $31K | 2022 |
| Make-A-Wish FoundationDONEE'S STATED PURPOSE | Cleveland, OH | $10K | 2022 |
| Hope Farm IncDONEE'S STATED PURPOSE | Twinsburg, OH | $3K | 2022 |
| Menorah Park FoundationDONEE'S STATED PURPOSE | Beachwood, OH | $10K | 2021 |
| Shore Haven Lutheran ChurchDONEE'S STATED PURPOSE | Euclid, OH | $15K | 2020 |
CLEVELAND, OH
CINCINNATI, OH
DUBLIN, OH