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Kraft Foundation is a private corporation based in PARADISE VLY, AZ. The foundation received its IRS ruling in 1993. The principal officer is Northern Trust Wealth Management. It holds total assets of $8.5M. Annual income is reported at $2.3M. Total assets have grown from $1.5M in 2011 to $7.9M in 2023. The foundation is governed by 5 officers and trustees. Tax records are available from 2020 to 2023. According to available records, Kraft Foundation has made 31 grants totaling $1.6M, with a median grant of $25K. Annual giving has grown from $5K in 2020 to $1.6M in 2022. Individual grants have ranged from $5K to $250K, with an average award of $52K. The foundation has supported 16 unique organizations. The foundation primarily supports organizations in North Carolina, Arizona, Illinois, which account for 81% of all grants. Grantmaking reaches organizations across 5 states. Contributions to this foundation are tax-deductible.
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.
Kraft Foundation is a private foundation that provides grants to eligible organizations. Based on available records, the foundation has funded 31 grants. Its grantmaking reaches organizations primarily in NC, AZ, IL.
Kraft Foundation has distributed a total of $1.6M across 31 grants. The median grant size is $25K, with an average of $52K. Individual grants have ranged from $5K to $250K.
Christian charitable or educational organizations qualified under irc sec 501(c)(3).
Kraft Foundation is headquartered in PARADISE VLY, AZ. While based in AZ, the foundation distributes grants to organizations across 5 states.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Brian Schwalbe | TRUSTEE | $0 | $0 | N/A |
| Julie Schwalbe | TRUSTEE | $0 | $0 | N/A |
| David Koshinski | TRUSTEE | $0 | $0 | N/A |
| Todd Moritz | TRUSTEE | $0 | $0 | N/A |
| Jon Kraft | TRUSTEE | $0 | $0 | N/A |
Total Giving
$815K
Total Assets
$7.9M
Fair Market Value
$9.1M
Net Worth
$7.9M
Grants Paid
$758K
Contributions
$1M
Net Investment Income
$269K
Distribution Amount
$404K
Total Grants
31
Total Giving
$1.6M
Average Grant
$52K
Median Grant
$25K
Unique Recipients
16
Most Common Grant
$20K
of 2022 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Evangelism ExplosionMISSION AMERICA | Arden, NC | $250K | 2022 |
| Pastoral Leadership InstituteGENERAL OPERATIONS | Wheaton, IL | $150K | 2022 |
| Phoenix SeminaryPS 2.0 ONLINE AND LIBRARY UPGRADES | Scottsdale, AZ | $100K | 2022 |
| Mentorkids UsaFUND RAISING BREAKFAST MATCHING GIFT CHALLENGE | Scottsdale, AZ | $50K | 2022 |
| Lutheran Hour MinistriesGENERAL OPERATIONS | St Louis, MO | $50K | 2022 |
| Christ Lutheran ChurchBEST PRACTICES CONFERENCE | Phoenix, AZ | $30K | 2022 |
| MultipliGENERAL OPERATIONS | Wheaton, IL | $30K | 2022 |
| Pawprint MinistriesGENERAL OPERATIONS | Decatur, IL | $25K | 2022 |
| Stand To ReasonGENERAL FUND | Signal Hill, CA | $20K | 2022 |
| St Teresa High SchoolGENERAL FUND | Decatur, IL | $20K | 2022 |
| Timothy Lutheran SchoolSCHOLARSHIP FUND | Blue Springs, MO | $20K | 2022 |
| Alliance Defending FreedomGENERAL OPERATIONS | Scottsdale, AZ | $20K | 2022 |
| Chaparral Christian ChurchPRESCHOOL AND KINDERGARTEN | Scottsdale, AZ | $15K | 2022 |
| Arizona Urban Youth ExcelMENTORING AND PASTORING AT-RISK-YOUTH AND THEIR TEACHERS | Cave Creek, AZ | $10K | 2022 |
| Scottsdale Bible ChurchELDER'S FUND | Scottsdale, AZ | $10K | 2022 |
| Global Training NetworkOPERATING GRANT FOR CHARITABLE ORGANIZATIONS | Peoria, AZ | $5K | 2020 |