//
Work at this foundation?
Claim this profile to manage it and see interest from grant seekers.
Stephen Klotz Family Foundation is a private corporation based in GRAND RAPIDS, MI. The foundation received its IRS ruling in 2023. The principal officer is Stephen J Klotz. It holds total assets of $12M. Annual income is reported at $5.4M. The foundation is governed by 1 officer or trustee. 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 2022 to 2023. According to available records, Stephen Klotz Family Foundation has made 3 grants totaling $1M, with a median grant of $333K. Annual giving has decreased from $665K in 2022 to $360K in 2023. Individual grants have ranged from $333K to $360K, with an average award of $342K. Grant recipients are concentrated in Michigan. 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.
Stephen Klotz Family Foundation primarily funds organizations in the area of philanthropy & grantmaking. Based on available records, the foundation has funded 3 grants. Its grantmaking reaches organizations primarily in MI.
Stephen Klotz Family Foundation has distributed a total of $1M across 3 grants. The median grant size is $333K, with an average of $342K. Individual grants have ranged from $333K to $360K.
Stephen Klotz Family Foundation typically selects its grantees rather than accepting unsolicited proposals.
Stephen Klotz Family Foundation is headquartered in GRAND RAPIDS, MI.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Stephen J Klotz | TRUSTEE | $0 | $0 | N/A |
Total Giving
$446K
Total Assets
$9.7M
Fair Market Value
$10M
Net Worth
$9.7M
Grants Paid
$360K
Contributions
$520K
Net Investment Income
$1M
Distribution Amount
$427K
Total: $9.5M
Total Grants
3
Total Giving
$1M
Average Grant
$342K
Median Grant
$333K
Unique Recipients
1
Most Common Grant
$333K
of 2023 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| See AttachmentUNRESTRICTED GIFTS TO GENERAL FUNDS | Ada, MI | $360K | 2023 |