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Rene Kern Family Foundation is a private corporation based in WILMINGTON, DE. The foundation received its IRS ruling in 2017. The principal officer is Foundation Source. It holds total assets of $11.3M. Annual income is reported at $1.1M. Total assets have grown from $5.8M in 2019 to $10.8M 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 2020 to 2023. Funding is distributed across 9 states, including North Carolina, Florida, District of Columbia. According to available records, Rene Kern Family Foundation has made 9 grants totaling $2.1M, with a median grant of $3K. Annual giving has grown from $308K in 2020 to $600K in 2023. Grantmaking activity was highest in 2022 with $1.2M distributed across 2 grants. Individual grants have ranged from $1K to $600K, with an average award of $234K. The foundation has supported 6 unique organizations. The foundation primarily supports organizations in California, New York, Florida, which account for 78% of all grants. Grantmaking reaches organizations across 4 states. Contributions to this foundation are tax-deductible.
Smallest Grant
$1K
Median Grant
$4K
Average Grant
$63K
Largest Grant
$600K
Based on 10 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.
Rene Kern Family Foundation primarily funds organizations in the area of philanthropy & grantmaking. Based on available records, the foundation has funded 9 grants. Its grantmaking reaches organizations primarily in CA, NY, FL.
Rene Kern Family Foundation has distributed a total of $2.1M across 9 grants. The median grant size is $3K, with an average of $234K. Individual grants have ranged from $1K to $600K.
Rene Kern Family Foundation typically selects its grantees rather than accepting unsolicited proposals.
Rene Kern Family Foundation is headquartered in WILMINGTON, DE. While based in DE, the foundation distributes grants to organizations across 4 states.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Marie-France Kern | Co- Pres, Dir, Sec | $0 | $0 | N/A |
| Ren Kern | Co- Pres, Dir, Treas | $0 | $0 | N/A |
Total Giving
$693K
Total Assets
$10.8M
Fair Market Value
$18.3M
Net Worth
$10.8M
Grants Paid
$600K
Contributions
$1M
Net Investment Income
$600K
Distribution Amount
$858K
Total: $1M
Total Grants
9
Total Giving
$2.1M
Average Grant
$234K
Median Grant
$3K
Unique Recipients
6
Most Common Grant
$600K
of 2023 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| University Of California Berkeley FoundationThe Marie-France Kern and Rene Kern Chancellor's Chair in entrepreneurship fund | Berkeley, CA | $600K | 2023 |
| Big Brothers Big Sisters Of AmericaGeneral & Unrestricted | Tampa, FL | $3K | 2020 |
| Planned Parenthood South AtlanticGeneral & Unrestricted | Raleigh, NC | $2K | 2020 |
| Robin Hood FoundationGeneral & Unrestricted | New York, NY | $2K | 2020 |
| International Center Of PhotographyGeneral & Unrestricted | New York, NY | $1K | 2020 |
| Durham School Of The ArtsGeneral & Unrestricted | Durham, NC | $1K | 2020 |