Nonprofit · EIN 38-1359217
KRESGE FOUNDATION
Tax-exempt · TROY, MI 48084
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990-PF | $61,261,641 | $214,406,587 | -$153,144,946 | $3,984,695,361 | $116,354,155 | $3,868,341,206 |
| December 31, 2023 | 990-PF | $279,706,042 | $236,434,347 | $43,271,695 | $4,065,070,521 | $127,616,204 | $3,937,454,317 |
Financial details: 990-PF for the year ended December 31, 2024
Revenue
- Dividends
- $5,848,678
- Interest
- $1,767,604
- Net gain from sales of assets
- $51,637,185
- Other income
- $2,008,174
Expenses
- Grants and similar amounts paid
- $156,430,549
- Compensation of officers, directors and key employees
- $4,677,767
- Salaries, compensation and benefits (total)
- $22,301,095
- Disbursements for charitable purposes
- $207,194,380
- Excise tax on investment income
- $2,445,537
Balance sheet and other
- Total assets, start of year
- $4,065,070,521
- Total assets, end of year
- $3,984,695,361
- Total liabilities, end of year
- $116,354,155
- Net assets, end of year
- $3,868,341,206
- Fair market value of assets
- $3,984,695,361
- Qualifying distributions
- $229,604,073
- Net investment income
- $188,988,029
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990-PF for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| JOHN BARKER STMT 24 3215 WEST BIG BEAVER RD, TROY, MI 48084 | VP & CIO | 55 | $1,192,304 | $1,226,823 |
| RICHARD RIP RAPSON STMT 24 3215 WEST BIG BEAVER RD, TROY, MI 48084 | PRESIDENT, CEO, TRUSTEE | 55 | $946,698 | $128,223 |
| JON GENTRY STMT 25 3215 WEST BIG BEAVER, TROY, MI 48084 | INVESTMENT MANAGING Highest-paid employee | 50 | $787,348 | $608,595 |
| VENUS PHILLIPS STMT 25 3215 WEST BIG BEAVER, TROY, MI 48084 | INVESTMENT MANAGING Highest-paid employee | 50 | $682,731 | $535,639 |
| ELIZABETH GOLDSBERRY STMT 25 3215 WEST BIG BEAVER, TROY, MI 48084 | RISK & OPER MANAGING Highest-paid employee | 50 | $635,757 | $495,085 |
| AMY B ROBINSON STMT 24 3215 WEST BIG BEAVER RD, TROY, MI 48084 | VP, CFO & CAO, TREASURER | 55 | $548,209 | $97,644 |
| BENJAMIN S KENNEDY STMT 24 3215 WEST BIG BEAVER RD, TROY, MI 48084 | VP, PROGRAMS | 55 | $452,036 | $87,242 |
| AARON SEYBERT STMT 25 3215 WEST BIG BEAVER, TROY, MI 48084 | MANAGING DIRECTOR Highest-paid employee | 50 | $426,293 | $83,265 |
| ZENNA ELHASAN STMT 24 3215 WEST BIG BEAVER RD, TROY, MI 48084 | GENERAL COUNSEL & BOARD SECRETARY | 55 | $394,670 | $78,566 |
| DEBRA KOZOLE STMT 25 3215 WEST BIG BEAVER, TROY, MI 48084 | INVESTMENT DIRECTOR Highest-paid employee | 50 | $369,413 | $299,152 |
| CECILIA MUNOZ STMT 24 3215 WEST BIG BEAVER RD, TROY, MI 48084 | BOARD CHAIR, TRUSTEE | 5 | $43,500 | $0 |
| RICHARD R BUERY JR STMT 24 3215 WEST BIG BEAVER RD, TROY, MI 48084 | TRUSTEE | 2 | $28,500 | $0 |
| AUDREY CHOI STMT 24 3215 WEST BIG BEAVER RD, TROY, MI 48084 | TRUSTEE | 2 | $28,500 | $0 |
| JOHN A FRY STMT 24 3215 WEST BIG BEAVER RD, TROY, MI 48084 | TRUSTEE | 2 | $28,500 | $0 |
| SAUNTEEL JENKINS STMT 24 3215 WEST BIG BEAVER RD, TROY, MI 48084 | TRUSTEE (ENDED 12/24) | 2 | $28,500 | $0 |
8 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| KATHY KO CHIN STMT 24 3215 WEST BIG BEAVER RD, TROY, MI 48084 | TRUSTEE | 2 | $28,500 |
| S SCOTT KRESGE STMT 24 3215 WEST BIG BEAVER RD, TROY, MI 48084 | TRUSTEE | 2 | $28,500 |
| PAULA B PRETLOW STMT 24 3215 WEST BIG BEAVER RD, TROY, MI 48084 | TRUSTEE | 2 | $28,500 |
| SUZANNE SHANK STMT 24 3215 WEST BIG BEAVER RD, TROY, MI 48084 | TRUSTEE | 2 | $28,500 |
| JAMES L BILDNER STMT 24 3215 WEST BIG BEAVER RD, TROY, MI 48084 | TRUSTEE (ENDED 6/24) | 2 | $14,250 |
| MARIA OTERO STMT 24 3215 WEST BIG BEAVER RD, TROY, MI 48084 | TRUSTEE (ENDED 6/24) | 2 | $14,250 |
| ANNA BLANDING STMT 24 3215 WEST BIG BEAVER RD, TROY, MI 48084 | TRUSTEE (BEGAN 6/24) | 2 | $14,250 |
| LINDA HILL STMT 24 3215 WEST BIG BEAVER RD, TROY, MI 48084 | TRUSTEE (BEGAN 6/24) | 2 | $14,250 |
990-PF for the year ended December 31, 2023: 22 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| JOHN BARKER STMT 23 3215 WEST BIG BEAVER RD, TROY, MI 48084 | VP & CIO | 55 | $1,098,517 | $450,339 |
| RICHARD RIP RAPSON STMT 23 3215 WEST BIG BEAVER RD, TROY, MI 48084 | PRESIDENT, CEO, TRUSTEE | 55 | $912,781 | $133,810 |
| JON GENTRY STMT 24 3215 WEST BIG BEAVER, TROY, MI 48084 | INVESTMENT MANAGING Highest-paid employee | 50 | $787,469 | $307,246 |
| ELIZABETH GOLDSBERRY STMT 24 3215 WEST BIG BEAVER, TROY, MI 48084 | RISK & OPER MANAGING Highest-paid employee | 50 | $655,066 | $196,245 |
| VENUS PHILLIPS STMT 24 3215 WEST BIG BEAVER, TROY, MI 48084 | INVESTMENT MANAGING Highest-paid employee | 50 | $637,881 | $250,691 |
| AMY B ROBINSON STMT 23 3215 WEST BIG BEAVER RD, TROY, MI 48084 | VP, CFO & CAO, TREASURER | 55 | $485,957 | $106,122 |
| AARON SEYBERT STMT 24 3215 WEST BIG BEAVER, TROY, MI 48084 | MANAGING DIRECTOR Highest-paid employee | 50 | $396,908 | $90,385 |
| BENJAMIN S KENNEDY STMT 23 3215 WEST BIG BEAVER RD, TROY, MI 48084 | VP, PROGRAMS | 55 | $383,337 | $88,481 |
| ADRIAN OHMER STMT 24 3215 WEST BIG BEAVER, TROY, MI 48084 | INVESTMENT DIRECTOR Highest-paid employee | 50 | $374,625 | $152,003 |
| ZENNA ELHASAN STMT 23 3215 WEST BIG BEAVER RD, TROY, MI 48084 | GENERAL COUNSEL & BOARD SECRETARY | 55 | $319,617 | $83,844 |
| CECILIA MUNOZ STMT 23 3215 WEST BIG BEAVER RD, TROY, MI 48084 | BOARD CHAIR, TRUSTEE | 5 | $43,500 | $0 |
| JAMES L BILDNER STMT 23 3215 WEST BIG BEAVER RD, TROY, MI 48084 | TRUSTEE | 2 | $28,500 | $0 |
| RICHARD R BUERY JR STMT 23 3215 WEST BIG BEAVER RD, TROY, MI 48084 | TRUSTEE | 2 | $28,500 | $0 |
| AUDREY CHOI STMT 23 3215 WEST BIG BEAVER RD, TROY, MI 48084 | TRUSTEE | 2 | $28,500 | $0 |
| JOHN A FRY STMT 23 3215 WEST BIG BEAVER RD, TROY, MI 48084 | TRUSTEE | 2 | $28,500 | $0 |
| SAUNTEEL JENKINS STMT 23 3215 WEST BIG BEAVER RD, TROY, MI 48084 | TRUSTEE | 2 | $28,500 | $0 |
| KATHY KO CHIN STMT 23 3215 WEST BIG BEAVER RD, TROY, MI 48084 | TRUSTEE | 2 | $28,500 | $0 |
| MARIA OTERO STMT 23 3215 WEST BIG BEAVER RD, TROY, MI 48084 | TRUSTEE | 2 | $28,500 | $0 |
| PAULA B PRETLOW STMT 23 3215 WEST BIG BEAVER RD, TROY, MI 48084 | TRUSTEE | 2 | $28,500 | $0 |
| SUZANNE SHANK STMT 23 3215 WEST BIG BEAVER RD, TROY, MI 48084 | TRUSTEE | 2 | $28,500 | $0 |
| CYNTHIA L KRESGE STMT 23 3215 WEST BIG BEAVER RD, TROY, MI 48084 | TRUSTEE (ENDED 6/23) | 2 | $14,250 | $0 |
| S SCOTT KRESGE STMT 23 3215 WEST BIG BEAVER RD, TROY, MI 48084 | TRUSTEE (BEGAN 6/23) | 2 | $14,250 | $0 |
Address and contacts
- Address (IRS master file)
- 3215 W BIG BEAVER RD, TROY, MI 48084-2818
- Signed the 990-PF
- AMY B ROBINSON, VP, CFO & CAO, TREASURER
- Phone
- (248) 643-9630
- Website
- WWW.KRESGE.ORG
- Return prepared by
- DELOITTE TAX LLP
What it must file and when
IRS records say it files Form 990-PF. Private foundations file every year. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990-PF on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990-PF on file |
IRS record
- EIN
- 38-1359217
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Private non-operating foundation
- Donations deductible (Pub 78)
- Private foundation, 30% limit
- Exempt since
- 1928
- Accounting year ends
- December
- Files
- Form 990-PF
- Category (NTEE)
- Philanthropy, voluntarism and grantmaking foundations (T22)
- Assets (IRS master file)
- $3,984,695,361
- Income (IRS master file)
- $9,624,456
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-PF | December 2024 | $61,261,641 | $214,406,587 | $3,984,695,361 | XML |
| 990-T | December 2024 | – | – | – | IRS |
| 990-PF | December 2023 | $279,706,042 | $236,434,347 | $4,065,070,521 | XML |
| 990-T | December 2023 | – | – | – | IRS |
| 990-PF | December 2022 | – | – | – | IRS |
| 990-T | December 2022 | – | – | – | IRS |
| 990-PF | December 2021 | – | – | – | IRS |
| 990-T | December 2021 | – | – | – | IRS |
| 990-PF | December 2020 | – | – | – | IRS |
| 990-T | December 2020 | – | – | – | IRS |
| 990-PF | December 2018 | – | – | – | IRS |
| 990-PF | December 2017 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 38-1359217).
Questions about KRESGE FOUNDATION
- What is the EIN of KRESGE FOUNDATION?
- The employer identification number (EIN) of KRESGE FOUNDATION is 38-1359217.
- Is KRESGE FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1928.
- Are donations to KRESGE FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
- Which annual return does KRESGE FOUNDATION file?
- Form 990-PF. Private foundations file every year.
- When is the next return of KRESGE FOUNDATION due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did KRESGE FOUNDATION last file with the IRS?
- The latest return in the IRS public files is the 990-PF for the year ended December 2024.
- Who are the officers and directors of KRESGE FOUNDATION?
- The 990-PF for the year ended December 31, 2024 lists 23 people; 23 received compensation from the organization, the highest $1,192,304 (JOHN BARKER STMT 24, VP & CIO).
- How much revenue does KRESGE FOUNDATION have?
- On its 990-PF for the year ended December 31, 2024 it reported revenue of $61,261,641, expenses of $214,406,587 and total assets of $3,984,695,361 at year end.
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