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Nonprofiteer
← HENRY J KAISER FAMILY FOUNDATION

Form 990 for tax year 2023

Filed by HENRY J KAISER FAMILY FOUNDATION.

Totals

Total revenue
$84,804,935
Total expenses
$76,066,976
Contributions and grants received
$25,637,774
Grants paid
$740,895
Program service revenue
$0
Investment income
$59,166,300
Other revenue
$861
Total assets, end of year
$829,022,336
Total liabilities, end of year
$152,810,459
Net assets or fund balances, end of year
$676,211,877
Program services expenses (Part IX)
$61,189,672
Management and general expenses
$13,879,412
Fundraising expenses
$997,892
Program service expenses (Part III)
$61,189,672

Program services were 80.4% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Listed in Part VII

  • DREW ALTMAN

    TRUSTEE, PRESIDENT & CEO

    Total calculated
    $1,091,135
    From this org
    $986,848
    From related orgs
    $0
    Other
    $104,287
    Hours/week
    37.5

    Schedule J breakdown matched by us

    Base
    $916,680
    Bonus
    $20,000
    Other
    $50,168
    Deferred
    $66,000
    Nontaxable benefits
    $38,287
    Filer's total
    $1,091,135

  • ELEANOR HSU

    CO-CHIEF INVESTMENT OFFICER

    Total calculated
    $869,040
    From this org
    $778,403
    From related orgs
    $0
    Other
    $90,637
    Hours/week
    37.5

    Schedule J breakdown matched by us

    Base
    $308,125
    Bonus
    $50,000
    Other
    $420,278
    Deferred
    $34,000
    Nontaxable benefits
    $56,637
    Filer's total
    $869,040

  • MOLLYANN BRODIE

    EXECUTIVE VICE PRESIDENT & COO

    Total calculated
    $617,117
    From this org
    $512,011
    From related orgs
    $0
    Other
    $105,106
    Hours/week
    37.5

    Schedule J breakdown matched by us

    Base
    $497,850
    Bonus
    $15,000
    Other
    -$839
    Deferred
    $66,000
    Nontaxable benefits
    $39,106
    Filer's total
    $617,117

  • LAWRENCE LEVITT

    EXECUTIVE VP FOR HEALTH POLICY

    Total calculated
    $603,149
    From this org
    $515,316
    From related orgs
    $0
    Other
    $87,833
    Hours/week
    37.5

    Schedule J breakdown matched by us

    Base
    $497,850
    Bonus
    $15,000
    Other
    $2,466
    Deferred
    $66,000
    Nontaxable benefits
    $21,833
    Filer's total
    $603,149

  • DEAN DUCHAK

    CHIEF INVESTMENT OFFICER

    Total calculated
    $549,084
    From this org
    $453,065
    From related orgs
    $0
    Other
    $96,019
    Hours/week
    37.5

    Schedule J breakdown matched by us

    Base
    $411,875
    Bonus
    $50,000
    Other
    -$8,810
    Deferred
    $34,000
    Nontaxable benefits
    $62,019
    Filer's total
    $549,084

  • DAVID ROUSSEAU

    PUBLISHER KFF HEALTH NEWS

    Total calculated
    $541,604
    From this org
    $452,755
    From related orgs
    $0
    Other
    $88,849
    Hours/week
    37.5

    Schedule J breakdown matched by us

    Base
    $445,625
    Bonus
    $10,000
    Other
    -$2,870
    Deferred
    $34,000
    Nontaxable benefits
    $54,849
    Filer's total
    $541,604

  • ANN DEFABIO - SR VP

    CHIEF COMMUNICATIONS OFFICER

    Total calculated
    $448,482
    From this org
    $381,786
    From related orgs
    $0
    Other
    $66,696
    Hours/week
    37.5

    Schedule J breakdown matched by us

    Base
    $375,000
    Bonus
    $5,000
    Other
    $1,786
    Deferred
    $34,000
    Nontaxable benefits
    $32,696
    Filer's total
    $448,482

  • ELIZABETH CAIN

    CHIEF FINANCIAL OFFICER

    Total calculated
    $445,564
    From this org
    $370,664
    From related orgs
    $0
    Other
    $74,900
    Hours/week
    37.5

    Schedule J breakdown matched by us

    Base
    $365,000
    Bonus
    $4,000
    Other
    $1,664
    Deferred
    $34,000
    Nontaxable benefits
    $40,900
    Filer's total
    $445,564

  • ELISABETH ROSENTHAL

    SR CONTRIB EDITOR KFF HEALTH NEWS

    Total calculated
    $441,774
    From this org
    $369,487
    From related orgs
    $0
    Other
    $72,287
    Hours/week
    37.5

    Schedule J breakdown matched by us

    Base
    $365,000
    Bonus
    $0
    Other
    $4,487
    Deferred
    $34,000
    Nontaxable benefits
    $38,287
    Filer's total
    $441,774

  • OLYMPIA SNOWE

    TRUSTEE, CHAIR

    Total calculated
    $34,500
    From this org
    $34,500
    From related orgs
    $0
    Other
    $0
    Hours/week
    4

  • SUSAN SIEGEL

    TRUSTEE

    Total calculated
    $32,500
    From this org
    $32,500
    From related orgs
    $0
    Other
    $0
    Hours/week
    4

  • KATHLEEN SEBELIUS

    TRUSTEE

    Total calculated
    $31,000
    From this org
    $31,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    4

  • KEVIN MERIDA

    TRUSTEE

    Total calculated
    $23,500
    From this org
    $23,500
    From related orgs
    $0
    Other
    $0
    Hours/week
    4

  • REED V TUCKSON

    TRUSTEE

    Total calculated
    $22,000
    From this org
    $22,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    4

  • JAMES E CANALES

    TRUSTEE, VICE-CHAIR

    Total calculated
    $0
    Hours/week
    4

  • FREDERICK P CERISE

    TRUSTEE

    Total calculated
    $0
    Hours/week
    4

  • MARCELLA NUNEZ-SMITH

    TRUSTEE

    Total calculated
    $0
    Hours/week
    4

  • SOLEDAD O'BRIEN

    TRUSTEE

    Total calculated
    $0
    Hours/week
    4

  • FRED TERRELL

    TRUSTEE

    Total calculated
    $0
    Hours/week
    4

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 1a · First-class or charter travel
  • 1a · Health or social club dues or initiation fees
  • 1b · Written policy on the line-1a expenses
  • 2 · Substantiation required before reimbursing expenses
  • 3 · Compensation committee
  • 3 · Independent compensation consultant
  • 3 · Written employment contract
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee
  • 4a · Severance or change-of-control payment
  • 7 · Other non-fixed payments

Answered no

  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINE 1A
THE PRESIDENT/CEO AND TRUSTEES MAY FLY FIRST CLASS. STAFF TRAVELING INTERNATIONALLY OVERSEAS MAY FLY FIRST CLASS IF BUSINESS CLASS IS NOT AVAILABLE. FULL-TIME EMPLOYEES MAY BE REIMBURSED UP TO $450 ANNUALLY FOR SUBSTANTIATED HEALTH CLUB FEES. CERTAIN EMPLOYEES WHO TRAVEL WITH HIGH FREQUENCY MAY BE REIMBURSED FOR AIRLINE CLUB FEES.
PART I, LINE 4A
E. HSU RECEIVED A SEVERANCE PAYMENT OF $345,833. THIS AMOUNT IS INCLUDED IN SCHEDULE J, PART II, COLUMN B(III). TERMS OF THE SEVERANCE AGREEMENT ARE SUBJECT TO A CONFIDENTIALITY CLAUSE; DETAILS ARE AVAILABLE TO THE IRS UPON REQUEST.
PART I, LINE 7
EMPLOYEES RECEIVE BONUS PAYMENTS FOR THEIR EXCEPTIONAL PERFORMANCE AND SERVICES DURING THE YEAR. SEE PART II, COLUMN B(II) FOR A LIST OF INDIVIDUALS WHO RECEIVED A BONUS IN CALENDAR YEAR 2023.
PART II, COLUMN B(III):
NEGATIVE NUMBERS REPORTED IN COLUMN B (III) REPRESENT AMOUNTS DEDUCTED FROM GROSS COMPENSATION FOR FLEXIBLE SPENDING ALLOWANCE FOR ELIGIBLE MEDICAL, DEPENDENT CARE AND TRANSIT/PARKING EXPENSES.

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

The 10 largest by cash amount. The API serves every itemized grant.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

  • KF FINTECH LLC

    INVESTMENT · DE · income $0 · assets $26,641

    Directly controlled by HENRY J KAISER FAMILY FOUNDATION

  • KF PS TRUST

    INVESTMENT · DE · income $0 · assets $0

    Directly controlled by KF FINTECH LLC

  • KF PS WALNUT CREEK LLC

    INVESTMENT · DE · income $100,000 · assets $0

    Directly controlled by KF PS TRUST

  • LIBERTY SHIP LLC

    INVESTMENT · DE · income $720 · assets $794,990

    Directly controlled by HENRY J KAISER FAMILY FOUNDATION

Related partnerships

Part III: related organizations taxable as a partnership, with the filer's share.

  • 57 STARS GLOBAL OPP FUND 4-CO-INVESTMENT SLEEVE LP

    EXCLUDED · INVESTMENT · CJ · 51.74% owned · share of income $16,399 · share of assets $4,350,223

    Directly controlled by HENRY J KAISER FAMILY FOUNDATION

  • KAISERFP PRIVATE EQUITY FUND LP

    EXCLUDED · INVESTMENT · DE · 99% owned · share of assets $6,341,535

    Directly controlled by HENRY J KAISER FAMILY FOUNDATION

  • KFF RPP II LLC

    UNRELATED · INVESTMENT · DE · 95.24% owned · share of income $400,546 · share of assets $68,792,727

    Directly controlled by HENRY J KAISER FAMILY FOUNDATION

  • KFF RPP LLC

    UNRELATED · INVESTMENT · DE · 100% owned · share of income -$2,669,314 · share of assets $23,984,385

    Directly controlled by HENRY J KAISER FAMILY FOUNDATION

  • KEELE HOLDINGS LP FKA WHLS FUNDING 1 LP

    EXCLUDED · INVESTMENT · DE · 65.16% owned · share of income -$292,437 · share of assets $9,378,731

    Directly controlled by HENRY J KAISER FAMILY FOUNDATION

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • DARRIN CAPITAL MANAGEMENT

    C · INVESTMENTS · MP · 100% owned · share of assets $4,823,408 · controlled entity

    Directly controlled by HENRY J KAISER FAMILY FOUNDATION

Provenance

Return type
form_990
Tax year
2023
Filed
5 November 2024
IRS schema version
2023v5.1
Source object
202443119349302129

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