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Korndrop Family Foundation is a private corporation based in WILMINGTON, DE. The foundation received its IRS ruling in 2022. The principal officer is Foundation Source. It holds total assets of $1.9M. Annual income is reported at $477K. The foundation is governed by 2 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 2020 to 2024. The foundation primarily funds organizations in Alaska and North Carolina. According to available records, Korndrop Family Foundation has made 22 grants totaling $237K, with a median grant of $9K. The foundation has distributed between $68K and $85K annually from 2021 to 2023. Grantmaking activity was highest in 2022 with $85K distributed across 8 grants. Individual grants have ranged from $2K to $25K, with an average award of $11K. The foundation has supported 11 unique organizations. Grants have been distributed to organizations in Alaska and North Carolina and Hawaii. Contributions to this foundation are tax-deductible.
Smallest Grant
$2K
Median Grant
$10K
Average Grant
$9K
Largest Grant
$25K
Based on 9 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.
Korndrop Family Foundation primarily funds organizations in the area of philanthropy & grantmaking. Based on available records, the foundation has funded 22 grants. Its grantmaking reaches organizations primarily in AK, NC, HI.
Korndrop Family Foundation has distributed a total of $237K across 22 grants. The median grant size is $9K, with an average of $11K. Individual grants have ranged from $2K to $25K.
Korndrop Family Foundation typically selects its grantees rather than accepting unsolicited proposals.
Korndrop Family Foundation is headquartered in WILMINGTON, DE. While based in DE, the foundation distributes grants to organizations across 3 states.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Valerie K Waldrop | Co- Pres, Dir, Sec | $0 | $0 | N/A |
| Marc J Kornmesser | Co- Pres, Treas, Dir | $0 | $0 | N/A |
Total Giving
N/A
Total Assets
$1.9M
Fair Market Value
N/A
Net Worth
$1.9M
Grants Paid
N/A
Contributions
N/A
Net Investment Income
N/A
Distribution Amount
N/A
Total Grants
22
Total Giving
$237K
Average Grant
$11K
Median Grant
$9K
Unique Recipients
11
Most Common Grant
$10K
of 2023 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Hawaii Community FoundationMaui strong foundation for the west Maui wild fire victims | Honolulu, HI | $25K | 2023 |
| Maui Humane Society IncGeneral & Unrestricted | Puunene, HI | $25K | 2023 |
| Renewable Energy Alaska ProjectGeneral & Unrestricted | Anchorage, AK | $8K | 2023 |
| The Alaska Center Education FundGeneral & Unrestricted | Anchorage, AK | $5K | 2023 |
| Alaska Sports Hall Of Fame IncGame Changer program | Anchorage, AK | $5K | 2023 |
| Malaria Consortium UsGeneral & Unrestricted | Raleigh, NC | $25K | 2022 |
| Alaska Public Media IncGeneral & Unrestricted | Anchorage, AK | $10K | 2021 |
| Youth Exploring Adventure IncGeneral & Unrestricted | Anchorage, AK | $10K | 2021 |
| Singletrack AdvocatesGeneral & Unrestricted | Anchorage, AK | $10K | 2021 |
| Nordic Skiing Association Of AnchorageGeneral & Unrestricted | Anchorage, AK | $5K | 2021 |
| Alaska Zoo$500 for Brown Bear Program. Remaining as needed. | Anchorage, AK | $2K | 2021 |