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Krasberg-Mason Foundation is a private corporation based in RALEIGH, NC. The foundation received its IRS ruling in 1992. The principal officer is Margaret K Mason. It holds total assets of $3.3M. Annual income is reported at $2.5M. Total assets have grown from $1.5M in 2011 to $3.1M in 2023. The foundation is governed by 3 officers and trustees. CONTRIBUTIONS TO OTHER ORGANIZATIONS THAT QUALIFY AS EXEMPT ORGANIZATIONS UNDER 501(c)(3) OF THE INTERNAL REVENUE CODE. According to its most recent filing, the foundation only makes contributions to preselected charitable organizations. Tax records are available from 2020 to 2023. According to available records, Krasberg-Mason Foundation has made 76 grants totaling $523K, with a median grant of $5K. Annual giving has grown from $37K in 2020 to $326K in 2022. Individual grants have ranged from $500 to $40K, with an average award of $7K. The foundation has supported 49 unique organizations. The foundation primarily supports organizations in Illinois, North Carolina, New York, which account for 58% of all grants. Grantmaking reaches organizations across 12 states. Contributions to this foundation are tax-deductible.
Contributions to other organizations that qualify as exempt organizations under 501(c)(3) of the internal revenue code.
Expenses: $210K
CONTRIBUTIONS TO OTHER ORGANIZATIONS THAT QUALIFY AS EXEMPT ORGANIZATIONS UNDER 501(c)(3) OF THE INTERNAL REVENUE CODE. Based on available records, the foundation has funded 76 grants. Its grantmaking reaches organizations primarily in IL, NC, NY.
Krasberg-Mason Foundation has distributed a total of $523K across 76 grants. The median grant size is $5K, with an average of $7K. Individual grants have ranged from $500 to $40K.
Krasberg-Mason Foundation typically selects its grantees rather than accepting unsolicited proposals.
Krasberg-Mason Foundation is headquartered in RALEIGH, NC. While based in NC, the foundation distributes grants to organizations across 12 states.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Shay Mason | SECRETARY | $0 | $0 | N/A |
| Bruce Mason | PRESIDENT | $0 | $0 | N/A |
| Sarah Mason Wolchuk | VICE PRESIDENT | $0 | $0 | N/A |
Total Giving
$212K
Total Assets
$3.1M
Fair Market Value
$4.8M
Net Worth
$3.1M
Grants Paid
$210K
Contributions
$1.6M
Net Investment Income
$119K
Distribution Amount
$203K
Total: $1.5M
Total Grants
76
Total Giving
$523K
Average Grant
$7K
Median Grant
$5K
Unique Recipients
49
Most Common Grant
$5K
of 2022 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Salvation ArmyGENERAL SUPPORT | Chicago, IL | $3K | 2021 |
| Chicago Botanic GardenGENERAL SUPPORT | Glencoe, IL | $40K | 2022 |
| Catch The FireSUPPORT FOR EMBRACE DURHAM | Durham, NC | $20K | 2022 |
| FocusGENERAL SUPPORT | New Canaan, CT | $15K | 2022 |
| TaftGENERAL SUPPORT | Watertown, CT | $10K | 2022 |
| Jesus Film ProjectGENERAL SUPPORT | Orlando, FL | $10K | 2022 |
| Anglican Diocese Of The Living WordGENERAL SUPPORT | Manassas, VA | $10K | 2022 |
| Intervarsity Christian FellowshipGENERAL SUPPORT | Madison, WI | $5K | 2022 |
| Alexander Hamilton InstGENERAL SUPPORT | Clinton, NY | $5K | 2022 |
| Glen Falls SymphonyGENERAL SUPPORT | Glen Falls, NY | $5K | 2022 |
| Orphans PromiseGENERAL SUPPORT | Virginia Beach, VA | $5K | 2022 |
| Duke Lemur CenterGENERAL SUPPORT | Durham, NC | $5K | 2022 |
| Church Of The ApostlesGENERAL SUPPORT | Raleigh, NC | $5K | 2022 |
| Glen Ellyn Childrens ChorusGENERAL SUPPORT | Glen Ellyn, IL | $5K | 2022 |
| The CradleGENERAL SUPPORT | Evanston, IL | $3K | 2022 |
| Hamilton CollegeGENERAL SUPPORT | Clinton, NY | $40K | 2021 |
| International JusticeGENERAL SUPPORT | Washington, DC | $15K | 2021 |
| St Gregorys ChurchMCGREGOR TOLIARA ENDOWMENT | Boca Raton, FL | $15K | 2021 |
| Tewecado TrustGENERAL SUPPORT | Tucson, AZ | $5K | 2021 |
| AcljGENERAL SUPPORT | Washington, DC | $5K | 2021 |
| Cathedral CounselingGENERAL SUPPORT | Chicago, IL | $5K | 2021 |
| St LeonardsGENERAL SUPPORT | Chicago, IL | $5K | 2021 |
| University Of ChicagoGENERAL SUPPORT | Chicago, IL | $5K | 2021 |
| Uganda Christian PartnersGENERAL SUPPORT | Sewickley, PA | $5K | 2021 |
| Living ChurchGENERAL SUPPORT | Congers, NY | $5K | 2021 |
| State Policy NetworkGENERAL SUPPORT | Arlington, VA | $5K | 2021 |
| Illini Christian MinistriesASSIST FRED KIRSTEIN MINISTRY | Champaign, IL | $5K | 2021 |
| Bible LeagueGENERAL SUPPORT | Crete, IL | $3K | 2021 |
| Music Of The BaroqueGENERAL SUPPORT | Chicago, IL | $3K | 2021 |
| Trinity SchoolGENERAL SUPPORT | Ambridge, PA | $3K | 2021 |