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Kraus Foundation is a private corporation based in ELKO, NV. The foundation received its IRS ruling in 2019. It holds total assets of $777K. Annual income is reported at $244K. Total assets have grown from $287K in 2019 to $654K in 2023. 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 2019 to 2023. According to available records, Kraus Foundation has made 12 grants totaling $35K, with a median grant of $2K. Annual giving has grown from $5K in 2020 to $30K in 2022. Individual grants have ranged from $1K to $9K, with an average award of $3K. The foundation has supported 7 unique organizations. Grant recipients are concentrated in Nevada. 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.
Kraus Foundation primarily funds organizations in the area of philanthropy & grantmaking. Based on available records, the foundation has funded 12 grants. Its grantmaking reaches organizations primarily in NV.
Kraus Foundation has distributed a total of $35K across 12 grants. The median grant size is $2K, with an average of $3K. Individual grants have ranged from $1K to $9K.
Kraus Foundation typically selects its grantees rather than accepting unsolicited proposals.
Kraus Foundation is headquartered in ELKO, NV.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Paul M Kraus | DIRECTOR | $0 | $0 | N/A |
| Julie Kraus | DIRECTOR | $0 | $0 | N/A |
Total Giving
$38K
Total Assets
$654K
Fair Market Value
$1M
Net Worth
$654K
Grants Paid
$21K
Contributions
$197K
Net Investment Income
$80K
Distribution Amount
$40K
Total: $44K
Total Grants
12
Total Giving
$35K
Average Grant
$3K
Median Grant
$2K
Unique Recipients
7
Most Common Grant
$2K
of 2022 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Elko County Fair BoardCOUNTY FAIR, BEEF PURCHASE DONATED TO BOARD | Elko, NV | $9K | 2022 |
| Horizon Hospice Inc2022 FUNDRAISER | Elko, NV | $2K | 2022 |
| Battle Mountain Volunteer Fire DepartmentNEW FIREFIGHTING GEAR AND EQUIPMENT | Battle Mountain, NV | $2K | 2022 |
| Golconda Fire DistrictNEW FIREFIGHTING GEAR AND EQUIPMENT | Golconda, NV | $2K | 2022 |
| Friends In Service2022 FOOD BANK | Elko, NV | $1K | 2022 |
| Communities In Schools Of Nevada IncGENERAL PURPOSE | Las Vegas, NV | $3K | 2020 |
| Pace CoalitionGENERAL PURPOSE | Elko, NV | $2K | 2020 |