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Also known as: FOUNDATION
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Jenny H & Otto F Krauss Charitable Foundation is a private association based in ROSCOMMON, MI. The foundation received its IRS ruling in 1989. The principal officer is Frederick G Krauss. It holds total assets of $8M. Annual income is reported at $3.9M. Total assets have grown from $5.9M in 2011 to $8.2M in 2023. The foundation is governed by 3 officers and trustees. According to its most recent filing, the foundation only makes contributions to preselected charitable organizations. Tax records are available from 2016 to 2023. The foundation primarily funds organizations in Michigan and North Carolina. According to available records, Jenny H & Otto F Krauss Charitable Foundation has made 119 grants totaling $2.5M, with a median grant of $20K. The foundation has distributed between $466K and $1M annually from 2020 to 2023. Grantmaking activity was highest in 2022 with $1M distributed across 48 grants. Individual grants have ranged from $2K to $85K, with an average award of $21K. The foundation has supported 30 unique organizations. The foundation primarily supports organizations in Michigan, Oklahoma, North Carolina, which account for 65% of all grants. Grantmaking reaches organizations across 11 states. Contributions to this foundation are tax-deductible.
Smallest Grant
$3K
Median Grant
$20K
Average Grant
$19K
Largest Grant
$45K
Based on 25 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.
Jenny H & Otto F Krauss Charitable Foundation is a private foundation that provides grants to eligible organizations. Based on available records, the foundation has funded 119 grants. Its grantmaking reaches organizations primarily in MI, OK, NC.
Jenny H & Otto F Krauss Charitable Foundation has distributed a total of $2.5M across 119 grants. The median grant size is $20K, with an average of $21K. Individual grants have ranged from $2K to $85K.
Jenny H & Otto F Krauss Charitable Foundation typically selects its grantees rather than accepting unsolicited proposals.
Jenny H & Otto F Krauss Charitable Foundation is headquartered in ROSCOMMON, MI. While based in MI, the foundation distributes grants to organizations across 11 states.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Virginia D Krauss | TRUSTEE | $0 | $0 | N/A |
| Frederick G Krauss | TRUSTEE | $0 | $0 | N/A |
| Alan F Krauss | TRUSTEE | $0 | $0 | N/A |
Total Giving
$636K
Total Assets
$8.2M
Fair Market Value
$10.6M
Net Worth
$8.2M
Grants Paid
$488K
Contributions
N/A
Net Investment Income
$150K
Distribution Amount
$492K
Total Grants
119
Total Giving
$2.5M
Average Grant
$21K
Median Grant
$20K
Unique Recipients
30
Most Common Grant
$20K
of 2023 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Chalelet Robotics InitativeEDUCATIONAL | Raleigh, NC | $85K | 2023 |
| World Compassion Tlm IncGENERAL FUNDS | Tulsa, OK | $35K | 2023 |
| Good Shepherd MinistriesGENERAL FUNDS | San Bernadino, CA | $35K | 2023 |
| World Missions MinistriesGENERAL FUNDS | Oklahoma City, OK | $30K | 2023 |
| Pulmonary Fibrosis FdGENERAL FUNDS | Chicago, IL | $25K | 2023 |
| Georgia TechEDUCATIONAL NEEDS | Atlanta, GA | $25K | 2023 |
| Michigan State UniversityEDUCATIONAL NEEDS | East Lansing, MI | $25K | 2023 |
| Purdue UniversityEDUCATIONAL NEEDS | West Lafayette, IN | $25K | 2023 |
| The University Of MichiganEDUCATIONAL NEEDS | Ann Arbor, MI | $25K | 2023 |
| Camp WestminsterGENERAL FUNDS | Detroit, MI | $25K | 2023 |
| Assemblies Of GodGENERAL FUNDS | Springfield, MO | $20K | 2023 |
| Cranbrook SchoolEDUCATIONAL NEEDS | Bloomfield, MI | $20K | 2023 |
| Good Shepherd UmcGENERAL FUNDS | Roscommon, MI | $20K | 2023 |
| Depauw UniversityEDUCATIONAL NEEDS | Greencastle, IN | $20K | 2023 |
| Interlochen Center For The ArtsEDUCATIONAL NEEDS | Interlochen, MI | $15K | 2023 |
| Kirtland Community CollegeGENERAL FUNDS | Grayling, MI | $15K | 2023 |
| North Raleigh UmcGENERAL FUNDS | Raleigh, NC | $10K | 2023 |
| North Raleigh Pres ChurchGENERAL FUNDS | Raleigh, NC | $10K | 2023 |
| Big Heart OrphanageNEEDY CHILDREN | Pharr, TX | $10K | 2023 |
| Rccf Roscommon Area Dist LibraryLIBRARY | Roscommon, MI | $8K | 2023 |
| Association To Rescue Kritters -ArkGENERAL FUNDS | St Helen, MI | $3K | 2023 |
| The Kiva CenterGENERAL FUNDS | Boulder, CO | $2K | 2023 |
| World Missions Ministries-GailyaGENERAL FUNDS | Oklahoma City, OK | $30K | 2022 |