Kresa Family Foundation
Preselected recipients only
Kresa Family Foundation is a private foundation in Pennington, New Jersey. In tax year 2024 it gave $613,200 in 6 grants; the typical grant was $54,750 and the largest $250,000. It only gives to organizations it selects itself and does not accept unsolicited applications.
From its IRS Form 990-PF for tax year 2024.
- Grants paid, 2024$613,200
- Number of grants6
- Typical grant$54,750
- Largest grant$250,000
- Assets$15.9 million
- New grantees33%
Giving in 2024 was down from $688,000 the year before.
33% of its 2024 grantees had not received a grant from it the year before, a mix of repeat and new grantees.
Giving by year
| Tax year | Grants paid | Number of grants | Assets |
|---|---|---|---|
| 2023 | $688,000 | 7 | $11.9 million |
| 2024 | $613,200 | 6 | $15.9 million |
How to apply
Kresa Family Foundation says in its IRS filing that it only makes contributions to preselected organizations, so unsolicited applications are unlikely to be considered. Organizations it funds are usually invited.
What Kresa Family Foundation funds
Where it gives
Its grants went to recipients in 2 states, the most to Massachusetts.
| State | Grants | Amount |
|---|---|---|
| Massachusetts | 2 | $342,000 |
| California | 4 | $271,200 |
Grants paid in 2024
| Recipient | Purpose | Amount |
|---|---|---|
| Massachusetts Institute of Technology | Unrestricted general | $250,000 |
| California Institute of Technology Booth-Kresa Leadership Chair Cit | Center for autonomous | $240,000 |
| Wellesley College | Unrestricted general | $92,000 |
| Petersen Automotive Museum Fdn | Unrestricted general | $17,500 |
| Regents University of California | Unrestricted general | $8,700 |
| Keep Bel Air Beautiful | Unrestricted general | $5,000 |
Officers and trustees
- Kent Kresa
- Dr Kiren Kresa-Reahl MD
Questions people ask
Does Kresa Family Foundation accept grant applications?
No. Its IRS filing says it only makes contributions to preselected organizations.
How much does Kresa Family Foundation give?
$613,200 in tax year 2024, across 6 grants, with a typical grant of $54,750.
Who runs Kresa Family Foundation?
Its 2024 filing lists Kent Kresa (President) and Dr Kiren Kresa-Reahl MD (Secretary).
What does Kresa Family Foundation fund?
Based on its grants, mainly science and research and education.