Klaff Family Foundation

Chicago, IL
Tax-exempt since June 2005
EIN: 61-1480716

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Type of Nonprofit

Designated as a 501(c)(3) Organizations for any of the following purposes: religious, educational, charitable, scientific, literary, testing for public safety, fostering national or international amateur sports competition (as long as it doesn't provide athletic facilities or equipment), or the prevention of cruelty to children or animals.

Category: Philanthropy, Voluntarism and Grantmaking Foundations / Private Independent Foundations (NTEE)

Donations to this organization are tax deductible.

Revenue

$62.9M (2023)

Expenses

$12.1M (2023)

Total Assets

$223M (2023)

Total Liabilities

$0 (2023)

Source: Form 990 tax filings from 2011 to 2023

Tax Filings by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Fiscal Year Ending Dec.
2023

Revenue

$62,897,228

Expenses

$12,094,900

Net Income

$50,802,328

Net Assets

$222,527,659

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$1,798,179	2.9%
Dividends	$58,211,290	92.5%
Sales of Assets	$1,584,494	2.5%
Other Income	$1,303,265	2.1%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$8,529,057	70.5%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$222,527,659
Total Liabilities	$0
Net Assets	$222,527,659

Compensation

Key Employees and Officers	Compensation	Other
Hersch M Klaff (Director)	$0	$0
Avril M Klaff (Director)	$0	$0
Daniel Klaff (Director)	$0	$0
Marissa Klaff (Director)	$0	$0
Zara Klaff (Director)	$0	$0

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990-PF

Filed on Nov. 15, 2024

Primary tax return for a private foundation's activities, finances, and governance

View Filing

Schedules ▼

XML

Fiscal Year Ending Dec.
2022

Revenue

$10,128,763

Expenses

$10,207,567

Net Income

-$78,804

Net Assets

$171,725,249

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$2,119,334	20.9%
Dividends	$7,244,268	71.5%
Sales of Assets	$401,474	4.0%
Other Income	$363,687	3.6%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$8,495,805	83.2%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$171,973,659
Total Liabilities	$248,410
Net Assets	$171,725,249

Compensation

Key Employees and Officers	Compensation	Other
Hersch M Klaff (Director)	$0	$0
Avril M Klaff (Director)	$0	$0
Daniel Klaff (Director)	$0	$0
Marissa Klaff (Director)	$0	$0
Zara Klaff (Director)	$0	$0

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990-PF

Filed on Nov. 15, 2023

Primary tax return for a private foundation's activities, finances, and governance

View Filing

Schedules ▼

PDF XML

990-T

For unrelated business income from activities not substantially related to the organization's tax-exempt purpose

PDF

Fiscal Year Ending Dec.
2021

Revenue

$12,167,429

Expenses

$9,367,014

Net Income

$2,800,415

Net Assets

$171,629,374

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$2,344,764	19.3%
Interest Revenue	$1,540,905	12.7%
Dividends	$5,004,405	41.1%
Sales of Assets	$2,695,058	22.1%
Other Income	$582,297	4.8%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$8,116,904	86.7%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$171,629,374
Total Liabilities	$0
Net Assets	$171,629,374

Compensation

Key Employees and Officers	Compensation	Other
Hersch M Klaff (Director)	$0	$0
Avril M Klaff (Director)	$0	$0
Daniel Klaff (Director)	$0	$0
Marissa Klaff (Director)	$0	$0
Zara Klaff (Director)	$0	$0

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990-PF

Filed on Nov. 15, 2022

Primary tax return for a private foundation's activities, finances, and governance

View Filing

Schedules ▼

PDF XML

990-T

For unrelated business income from activities not substantially related to the organization's tax-exempt purpose

PDF

Fiscal Year Ending Dec.
2020

Revenue

$156,109,252

Expenses

$1,287,278

Net Income

$154,821,974

Net Assets

$168,032,056

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$123,286,000	79.0%
Interest Revenue	$509,920	0.3%
Dividends	$705,146	0.5%
Sales of Assets	$31,193,570	20.0%
Other Income	$414,616	0.3%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$562,820	43.7%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$168,032,057
Total Liabilities	$1
Net Assets	$168,032,056

Compensation

Key Employees and Officers	Compensation	Other
Hersch M Klaff (Director)	$0	$0
Avril R Klaff (Director)	$0	$0
Daniel Klaff (Director)	$0	$0
Marissa Klaff (Director)	$0	$0
Zara Klaff (Director)	$0	$0

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990-PF

Filed on Nov. 15, 2021

Primary tax return for a private foundation's activities, finances, and governance

View Filing

Schedules ▼

XML

990-T

For unrelated business income from activities not substantially related to the organization's tax-exempt purpose

PDF

Fiscal Year Ending Dec.
2019

Revenue

$2,548,050

Expenses

$555,002

Net Income

$1,993,048

Net Assets

$13,210,082

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$32,093	1.3%
Dividends	$62,964	2.5%
Sales of Assets	$1,717,376	67.4%
Other Income	$735,617	28.9%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$430,146	77.5%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$13,210,083
Total Liabilities	$1
Net Assets	$13,210,082

Compensation

Key Employees and Officers	Compensation	Other
Hersch M Klaff (Director)	$0	$0
Avril R Klaff (Director)	$0	$0
Daniel Klaff (Director)	$0	$0
Marissa Klaff (Director)	$0	$0
Zara Klaff (Director)	$0	$0

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990-PF

Filed on Nov. 16, 2020

Primary tax return for a private foundation's activities, finances, and governance

View Filing

Schedules ▼

PDF XML

990-T

For unrelated business income from activities not substantially related to the organization's tax-exempt purpose

PDF

Fiscal Year Ending Dec.
2018

Revenue

$3,788,206

Expenses

$764,094

Net Income

$3,024,112

Net Assets

$11,217,035

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$2,699,383	71.3%
Interest Revenue	$6,524	0.2%
Dividends	$34,345	0.9%
Sales of Assets	$871,555	23.0%
Other Income	$176,399	4.7%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$702,284	91.9%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$11,217,035
Total Liabilities	$0
Net Assets	$11,217,035

Compensation

Key Employees and Officers	Compensation	Other
Hersch M Klaff (Director)	$0	$0
Avril R Klaff (Director)	$0	$0
Daniel Klaff (Director)	$0	$0
Marissa Klaff (Director)	$0	$0
Zara Klaff (Director)	$0	$0

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990-PF

Filed on Nov. 14, 2019

Primary tax return for a private foundation's activities, finances, and governance

View Filing

Schedules ▼

PDF XML

990-T

For unrelated business income from activities not substantially related to the organization's tax-exempt purpose

PDF

Fiscal Year Ending Dec.
2017

Revenue

$150,637

Expenses

$520,385

Net Income

-$369,748

Net Assets

$8,192,923

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$6,880	4.6%
Dividends	$31,992	21.2%
Sales of Assets	-$311,768
Other Income	$423,533	> 100%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$452,722	87.0%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$8,192,923
Total Liabilities	$0
Net Assets	$8,192,923

Compensation

Key Employees and Officers	Compensation	Other
Hersch M Klaff (Director)	$0	$0
Avril R Klaff (Director)	$0	$0
Daniel Klaff (Director)	$0	$0
Marissa Klaff (Director)	$0	$0
Zara Klaff (Director)	$0	$0

+ View more people

990-PF

Filed on Nov. 15, 2018

Primary tax return for a private foundation's activities, finances, and governance

View Filing

Schedules ▼

PDF XML

990-T

For unrelated business income from activities not substantially related to the organization's tax-exempt purpose

PDF

Fiscal Year Ending Dec.
2016

Revenue

$2,383,925

Expenses

$1,056,947

Net Income

$1,326,978

Net Assets

$8,562,671

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$2,061,050	86.5%
Interest Revenue	$558	0.0%
Dividends	$178,743	7.5%
Sales of Assets	$42,847	1.8%
Other Income	$100,727	4.2%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$936,723	88.6%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$8,562,671
Total Liabilities	$0
Net Assets	$8,562,671

Compensation

Key Employees and Officers	Compensation	Other
Hersch M Klaff (Director)	$0	$0
Avril R Klaff (Director)	$0	$0
Allan J Reich (Director)	$0	$0

990-PF

Filed on Aug. 29, 2017

Primary tax return for a private foundation's activities, finances, and governance

View Filing

Schedules ▼

PDF XML

990-T

For unrelated business income from activities not substantially related to the organization's tax-exempt purpose

PDF

Fiscal Year Ending Dec.
2015

Revenue

$321,956

Expenses

$819,406

Net Income

-$497,450

Net Assets

$7,235,693

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$1,202	0.4%
Dividends	$221,036	68.7%
Sales of Assets	$0
Other Income	$140,659	43.7%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$703,231	85.8%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$7,235,693
Total Liabilities	$0
Net Assets	$7,235,693

990-PF

Primary tax return for a private foundation's activities, finances, and governance

PDF

990-T

For unrelated business income from activities not substantially related to the organization's tax-exempt purpose

PDF

Fiscal Year Ending Dec.
2014

Revenue

$2,640,424

Expenses

$564,665

Net Income

$2,075,759

Net Assets

$7,733,143

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$219,397	8.3%
Interest Revenue	$10,438	0.4%
Dividends	$87,324	3.3%
Sales of Assets	$2,067,959	78.3%
Other Income	$255,306	9.7%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$498,999	88.4%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$7,733,143
Total Liabilities	$0
Net Assets	$7,733,143

990-PF

Primary tax return for a private foundation's activities, finances, and governance

PDF

990-T

For unrelated business income from activities not substantially related to the organization's tax-exempt purpose

PDF

Fiscal Year Ending Dec.
2013

Revenue

$603,529

Expenses

$664,496

Net Income

-$60,967

Net Assets

$5,657,384

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$10,102	1.7%
Dividends	$55,916	9.3%
Sales of Assets	$328,424	54.4%
Other Income	$209,087	34.6%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$573,582	86.3%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$5,657,384
Total Liabilities	$0
Net Assets	$5,657,384

990-PF

Primary tax return for a private foundation's activities, finances, and governance

PDF

990-T

For unrelated business income from activities not substantially related to the organization's tax-exempt purpose

PDF

Fiscal Year Ending Dec.
2012

Revenue

$519,080

Expenses

$958,364

Net Income

-$439,284

Net Assets

$5,718,351

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$14,237	2.7%
Dividends	$81,125	15.6%
Sales of Assets	$132,674	25.6%
Other Income	$291,044	56.1%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$854,151	89.1%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$5,718,351
Total Liabilities	$0
Net Assets	$5,718,351

990-PF

Primary tax return for a private foundation's activities, finances, and governance

PDF

990-T

For unrelated business income from activities not substantially related to the organization's tax-exempt purpose

PDF

Fiscal Year Ending Dec.
2011

Revenue

$336,733

Expenses

$595,181

Net Income

-$258,448

Net Assets

$6,157,635

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$908	0.3%
Dividends	$53,789	16.0%
Sales of Assets	$45,651	13.6%
Other Income	$236,385	70.2%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$532,374	89.4%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$6,357,635
Total Liabilities	$200,000
Net Assets	$6,157,635

990-PF

Primary tax return for a private foundation's activities, finances, and governance

PDF

PDF (2 of 2)

Fiscal Year Ending Dec.
2005

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

990-PF

Primary tax return for a private foundation's activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2004

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

990-PF

Primary tax return for a private foundation's activities, finances, and governance

PDF

About This Data

What Is This Data?

Nonprofit Explorer includes summary data for nonprofit tax returns and full Form 990 documents, in both PDF and digital formats.

The summary data contains information processed by the IRS during the 2012-2019 calendar years; this generally consists of filings for the 2011-2018 fiscal years, but may include older records. This data release includes only a subset of what can be found in the full Form 990s.

In addition to the raw summary data, we link to PDFs and digital copies of full Form 990 documents wherever possible. This consists of separate releases by the IRS of Form 990 documents processed by the agency, which we update regularly.

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Every organization that has been recognized as tax exempt by the IRS has to file Form 990 every year, unless they make less than $200,000 in revenue and have less than $500,000 in assets, in which case they have to file form 990-EZ. Organizations making less than $50,000 don’t have to file either form but do have to let the IRS they’re still in business via a Form 990N "e-Postcard."

Nonprofit Explorer has organizations claiming tax exemption in each of the 27 subsections of the 501(c) section of the tax code, and which have filed a Form 990, Form 990EZ or Form 990PF. Taxable trusts and private foundations that are required to file a form 990PF are also included. Small organizations filing a Form 990N "e-Postcard" are not included in this data.

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Klaff Family Foundation

Organization summary

Type of Nonprofit

Summary charts: organization finances over time

Revenue $62.9M (2023)

Expenses $12.1M (2023)

Total Assets $223M (2023)

Total Liabilities $0 (2023)

Tax Filings by Year

Fiscal Year Ending Dec. 2023

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2022

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

990-T

Fiscal Year Ending Dec. 2021

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

990-T

Fiscal Year Ending Dec. 2020

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

990-T

Fiscal Year Ending Dec. 2019

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

990-T

Fiscal Year Ending Dec. 2018

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

990-T

Fiscal Year Ending Dec. 2017

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

990-T

Fiscal Year Ending Dec. 2016

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

990-T

Fiscal Year Ending Dec. 2015

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Document Links

990-PF

990-T

Fiscal Year Ending Dec. 2014

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Document Links

990-PF

990-T

Fiscal Year Ending Dec. 2013

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Document Links

Revenue

$62.9M (2023)

Expenses

$12.1M (2023)

Total Assets

$223M (2023)

Total Liabilities

$0 (2023)

Fiscal Year Ending Dec.
2023

Fiscal Year Ending Dec.
2022

Fiscal Year Ending Dec.
2021

Fiscal Year Ending Dec.
2020

Fiscal Year Ending Dec.
2019

Fiscal Year Ending Dec.
2018

Fiscal Year Ending Dec.
2017

Fiscal Year Ending Dec.
2016

Fiscal Year Ending Dec.
2015

Fiscal Year Ending Dec.
2014

Fiscal Year Ending Dec.
2013

Fiscal Year Ending Dec.
2012

Fiscal Year Ending Dec.
2011

Fiscal Year Ending Dec.
2010

Fiscal Year Ending Dec.
2009

Fiscal Year Ending Dec.
2008

Fiscal Year Ending Dec.
2007

Fiscal Year Ending Dec.
2006

Fiscal Year Ending Dec.
2005

Fiscal Year Ending Dec.
2004