Crews Kolodzey Foundation

Overview

The Crews Kolodzey Foundation is a private independent foundation, categorized under philanthropy, voluntarism, and grantmaking foundations. Established to support charitable causes, it is recognized as a tax-deductible organization.

History and Focus

The specific founding date of the Crews Kolodzey Foundation is not detailed in available records. However, it operates based on a model where it makes contributions to preselected charitable organizations. Unlike many other foundations, it does not accept unsolicited requests for funds, indicating a targeted approach to its philanthropic efforts[4].

Leadership and Structure

The foundation is led by a board of trustees, which includes Kelly C. Kolodzey, Stanley C. Kolodzey, and Michael Grimes. Notably, none of the key employees or officers receive compensation, as per available records[1][3].

Financial Operations

• Revenue: In 2023, the foundation reported a revenue of $135,000, primarily sourced from contributions received[1].
• Expenses: Total expenses for 2023 were $163,000, with a significant portion dedicated to charitable disbursements. The foundation provided approximately $160,000 in grants during this period[1][5].
• Assets and Liabilities: As of 2023, the foundation held total assets of $563,000 and reported no liabilities[1].

Mission and Activities

The Crews Kolodzey Foundation focuses on providing grants to selected charitable organizations. It operates within a framework that emphasizes careful selection of recipients, reflecting its strategy to impact specific causes or communities. Despite its focus on targeted philanthropy, detailed information about its mission statement and specific areas of support is not publicly disclosed[4].

Conclusion

The Crews Kolodzey Foundation represents a commitment to philanthropy through its strategic grant-making activities. Its approach emphasizes careful selection and support of charitable causes, reflecting its aim to make a meaningful impact with its resources.