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Nonprofiteer
← HENRY J KAISER FAMILY FOUNDATION

Form 990 for tax year 2024

Filed by HENRY J KAISER FAMILY FOUNDATION.

Totals

Total revenue
$32,391,992
Total expenses
$74,774,656
Contributions and grants received
$17,684,590
Grants paid
$565,144
Program service revenue
$0
Investment income
$14,705,586
Other revenue
$1,816
Total assets, end of year
$768,899,607
Total liabilities, end of year
$150,270,410
Net assets or fund balances, end of year
$618,629,197
Program services expenses (Part IX)
$61,893,433
Management and general expenses
$11,878,746
Fundraising expenses
$1,002,477
Program service expenses (Part III)
$61,893,433

Program services were 82.8% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1e · Government grants (contributions)

    $1,475,814

  • 1f · All other contributions, gifts and grants

    $16,208,776

  • 1g · Noncash contributions included above

    $25,403

  • 3 · Investment income

    total $2,099,271 · excluded $2,099,271

  • 7a · Gross sales of assets other than inventory

    securities $62,506,899 · other assets $79,025,121

  • 7b · Less cost or other basis and sales expenses

    securities $51,465,645 · other assets $77,460,060

  • 7c · Gain or loss

    securities $11,041,254 · other assets $1,565,061

  • 7d · Net gain or loss

    total $12,606,315 · unrelated business -$2,838,621 · excluded $15,444,936

  • 11a · Other revenue: AWARDS

    total $1,600 · excluded $1,600

  • 11b · Other revenue: CLASS ACTION SETTLEMENTS

    total $216 · excluded $216

  • 11e · Other revenue, total

    $1,816

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $565,144 · program services $565,144

  • 5 · Compensation of officers, directors and key employees

    total $3,220,011 · program services $2,015,491 · management and general $1,173,318 · fundraising $31,202

  • 7 · Other salaries and wages

    total $29,266,447 · program services $23,028,694 · management and general $5,762,130 · fundraising $475,623

  • 8 · Pension plan contributions

    total $5,322,663 · program services $4,188,208 · management and general $1,047,954 · fundraising $86,501

  • 9 · Other employee benefits

    total $8,259,533 · program services $7,533,010 · management and general $594,772 · fundraising $131,751

  • 10 · Payroll taxes

    total $2,223,924 · program services $1,749,924 · management and general $437,858 · fundraising $36,142

  • 11b · Fees: legal

    total $444,318 · program services $161,084 · management and general $283,234

  • 11c · Fees: accounting

    total $303,059 · management and general $297,109 · fundraising $5,950

  • 11f · Fees: investment management

    total $922,748 · management and general $922,748

  • 11g · Fees: other

    total $7,963,588 · program services $7,778,583 · management and general $185,005

  • 12 · Advertising and promotion

    total $1,717,402 · program services $1,717,402

  • 13 · Office expenses

    total $1,108,236 · program services $739,772 · management and general $321,624 · fundraising $46,840

  • 14 · Information technology

    total $1,852,181 · program services $1,519,573 · management and general $325,097 · fundraising $7,511

  • 16 · Occupancy

    total $4,294,079 · program services $3,572,032 · management and general $649,194 · fundraising $72,853

  • 17 · Travel

    total $1,026,415 · program services $773,241 · management and general $215,350 · fundraising $37,824

  • 19 · Conferences, conventions and meetings

    total $485,843 · program services $244,398 · management and general $241,445

  • 20 · Interest

    total $4,931,881 · program services $4,126,154 · management and general $745,466 · fundraising $60,261

  • 22 · Depreciation, depletion and amortization

    total $2,142,080 · program services $1,888,833 · management and general $253,247

  • 23 · Insurance

    total $231,758 · program services $198,486 · management and general $33,272

  • 24a · Other expenses: STAFF TRAINING

    total $76,275 · program services $63,232 · management and general $13,043

  • 24b · Other expenses: STAFF MEMBERSHIPS

    total $21,368 · program services $18,761 · management and general $2,607

  • 24c · Other expenses: FOUNDATION MEMBERSHIPS

    total $18,911 · program services $11,411 · management and general $7,500

  • 24d · Other expenses: UNRELATED BUS INC TAX

    total -$1,653,050 · management and general -$1,653,050

  • 24e · All other expenses

    total $29,842 · management and general $19,823 · fundraising $10,019

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $13,762,535 · end of year $10,956,541

  • 3 · Pledges and grants receivable

    beginning of year $22,798,288 · end of year $19,172,161

  • 4 · Accounts receivable

    beginning of year $262,500 · end of year $162,771

  • 9 · Prepaid expenses and deferred charges

    beginning of year $2,117,165 · end of year $2,069,261

  • 10a · Land, buildings and equipment: cost or other basis

    $57,544,845

  • 10b · Land, buildings and equipment: accumulated depreciation

    $30,284,379

  • 10c · Land, buildings and equipment, net

    beginning of year $28,916,821 · end of year $27,260,466

  • 11 · Investments: publicly traded securities

    beginning of year $63,948,656 · end of year $51,457,727

  • 12 · Investments: other securities

    beginning of year $678,309,457 · end of year $638,824,796

  • 15 · Other assets

    beginning of year $18,906,914 · end of year $18,995,884

  • 17 · Accounts payable and accrued expenses

    beginning of year $8,108,725 · end of year $8,413,587

  • 18 · Grants payable

    beginning of year $28,487 · end of year $24,825

  • 25 · Other liabilities

    beginning of year $144,673,247 · end of year $141,831,998

  • 27 · Net assets without donor restrictions

    beginning of year $646,182,715 · end of year $592,126,158

  • 28 · Net assets with donor restrictions

    beginning of year $30,029,162 · end of year $26,503,039

Mission and programs · 2024

Mission

SEE SCHEDULE O.KFF FILLS THE NEED FOR TRUSTED, INDEPENDENT INFORMATION ON NATIONAL HEALTH ISSUES THROUGH POLICY ANALYSIS, POLLING & SURVEY RESEARCH, AND JOURNALISM. THE HALLMARK OF KFF IS OUR FOCUS ON HOW POLICY AFFECTS PEOPLE. WE BELIEVE IN THE IMPORTANCE OF EVIDENCE, INFORMATION AND FACTS. WE PROVIDE A VOICE FOR PEOPLE WHO DON'T ALWAYS HAVE A SEAT AT THE TABLE. WE NEVER TRY TO ACHIEVE ANY PARTICULAR POLICY, OR TAKE POSITIONS OR ADVOCATE FOR POLICIES OR PROGRAMS. WE WANT TO ENSURE THAT DEBATE IS INFORMED BY CREDIBLE AND TIMELY INFORMATION - WHETHER IT'S A POLICY ANALYSIS, A POLL, OR A KFF HEALTH NEWS STORY OR INVESTIGATION.

Activities or mission (Part I)

TO FILL THE NEED FOR TRUSTED, INDEPENDENT INFORMATION ON NATIONAL HEALTH ISSUES.

  • POLICY - THROUGH OUR POLICY WORK WE PRODUCE INFORMATION, FACTS AND ANALYSIS IN A VARIETY OF KEY NATIONAL HEALTH POLICY ARENAS. KFF POLICY EXPERTS WORK MAINLY ON ANALYZING HOW PEOPLE FARE IN THE LARGEST PUBLIC HEALTH INSURANCE PROGRAMS - INCLUDING MEDICARE, MEDICAID AND THE AFFORDABLE CARE ACT, AND IN PRIVATE HEALTH INSURANCE. IN ADDITION, WE HAVE SPECIAL EXPERTISE IN UNDERSTANDING RACIAL AND ETHNIC EQUITY ISSUES IN HEALTH CARE, HIV, WOMEN'S HEALTH POLICY AND THE NATION'S ROLE IN GLOBAL HEALTH POLICY.

    Expenses $23,967,945

  • JOURNALISM - KFF HEALTH NEWS, OUR CREDENTIALED, NONPROFIT, EDITORIALLY-INDEPENDENT NEWS SERVICE, IS COMMITTED TO IN-DEPTH COVERAGE OF HEALTH CARE POLICY AND POLITICS. KFF HEALTH NEWS PROVIDES THE HIGHEST QUALITY NEWS COVERAGE OF HEALTH POLICY ISSUES AND DEVELOPMENTS AT THE FEDERAL AND STATE LEVELS, IN THE MARKETPLACE AND HOW THEY AFFECT PEOPLE. KFF HEALTH NEWS SERVES AS THE PREMIER SOURCE OF HEALTH POLICY JOURNALISM DISTRIBUTING OUR CONTENT THROUGH DOZENS OF PARTNER NEWS ORGANIZATIONS WHO RUN KFF HEALTH NEWS STORIES, AMONG THEM THE WASHINGTON POST, NPR, NEW YORK TIMES, USA TODAY, MCCLATCHY NEWSPAPERS, CHICAGO TRIBUNE, PHILADELPHIA INQUIRER AND A BROAD RANGE OF BROADCAST PARTNERS.

    Expenses $24,024,480

  • PUBLIC OPINION & SURVEY RESEARCH PROGRAM CONDUCTS AND ANALYZES ORIGINAL RESEARCH ON AMERICANS' ATTITUDES, KNOWLEDGE AND EXPERIENCES WITH THE HEALTH CARE SYSTEM WITH THE GOAL OF AMPLIFYING THE PUBLIC'S VOICE IN MAJOR NATIONAL DEBATES, PARTICULARLY THE VOICE OF OFTEN-DISENFRANCHISED GROUPS SUCH AS THE LOW INCOME AND UNINSURED. KFF CONDUCTS POLLS ITSELF AND IN PARTNERSHIP WITH MAJOR NEWS ORGANIZATIONS.

    Expenses $7,421,035

  • SOCIAL IMPACT MEDIA - WE DEVELOP AND HELP RUN LARGE-SCALE, PUBLIC HEALTH INFORMATION CAMPAIGNS IN THE U.S. BY WORKING WITH MAJOR MEDIA, OTHER CORPORATE ALLIES, HEALTH DEPARTMENTS, NATIONAL LEADERSHIP AND COMMUNITY ORGANIZATIONS. THESE LARGE-SCALE, MULTI-FACETED PUBLIC INFORMATION PARTNERSHIPS FOCUS MOSTLY AT REACHING PEOPLE MOST AT RISK OF HIV AND CURRENTLY FOCUS ON THE SOUTH UNDER THE UMBRELLA NAME GREATER THAN AIDS. THE HEALTH MISINFORMATION AND TRUST INITIATIVE - IN LATE FALL 2022, KFF BEGAN TO DEVELOP THIS NEW PROGRAM TO IDENTIFY AND ADDRESS MISINFORMATION AND DISINFORMATION IN HEALTH. KFF MAKES NO PROGRAMMATIC GRANTS. GRANTS CONSIST OF TRUSTEE SPECIAL PROJECT GRANTS AND MATCHING GIFTS, WHICH QUALIFY AS GRANTS, AND ARE LISTED ON SCHEDULE I.

    Expenses $6,479,973 · Grants $565,144

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Drew Altman

    TRUSTEE, PRESIDENT & CEO

    Total calculated
    $1,123,905
    From this org
    $1,012,215
    From related orgs
    $0
    Other
    $111,690
    Hours/week
    37.5

    Schedule J breakdown matched by us

    Base
    $944,180
    Bonus
    $15,000
    Other
    $53,035
    Deferred
    $69,000
    Nontaxable benefits
    $42,690
    Filer's total
    $1,123,905

  • Mollyann Brodie

    EXECUTIVE VICE PRESIDENT & COO

    Total calculated
    $634,305
    From this org
    $522,273
    From related orgs
    $0
    Other
    $112,032
    Hours/week
    37.5

    Schedule J breakdown matched by us

    Base
    $512,785
    Bonus
    $10,000
    Other
    -$512
    Deferred
    $69,000
    Nontaxable benefits
    $43,032
    Filer's total
    $634,305

  • Lawrence Levitt Executive

    VICE PRESIDENT FOR HEALTH POLICY

    Total calculated
    $617,541
    From this org
    $522,425
    From related orgs
    $0
    Other
    $95,116
    Hours/week
    37.5

    Schedule J breakdown matched by us

    Base
    $512,785
    Bonus
    $10,000
    Other
    -$360
    Deferred
    $69,000
    Nontaxable benefits
    $26,116
    Filer's total
    $617,541

  • Dean Duchak

    CHIEF INVESTMENT OFFICER

    Total calculated
    $575,041
    From this org
    $473,072
    From related orgs
    $0
    Other
    $101,969
    Hours/week
    37.5

    Schedule J breakdown matched by us

    Base
    $482,292
    Bonus
    $0
    Other
    -$9,220
    Deferred
    $34,000
    Nontaxable benefits
    $67,969
    Filer's total
    $575,041

  • David Rousseau

    PUBLISHER KFF HEALTH NEWS

    Total calculated
    $570,819
    From this org
    $475,549
    From related orgs
    $0
    Other
    $95,270
    Hours/week
    37.5

    Schedule J breakdown matched by us

    Base
    $468,650
    Bonus
    $10,000
    Other
    -$3,101
    Deferred
    $34,000
    Nontaxable benefits
    $61,270
    Filer's total
    $570,819

  • Ann Defabio

    SENIOR VICE PRESIDENT & CCO

    Total calculated
    $460,811
    From this org
    $390,569
    From related orgs
    $0
    Other
    $70,242
    Hours/week
    37.5

    Schedule J breakdown matched by us

    Base
    $386,250
    Bonus
    $2,500
    Other
    $1,819
    Deferred
    $34,000
    Nontaxable benefits
    $36,242
    Filer's total
    $460,811

  • Elizabeth Cain

    CHIEF FINANCIAL OFFICER

    Total calculated
    $460,135
    From this org
    $382,365
    From related orgs
    $0
    Other
    $77,770
    Hours/week
    37.5

    Schedule J breakdown matched by us

    Base
    $375,950
    Bonus
    $3,000
    Other
    $3,415
    Deferred
    $34,000
    Nontaxable benefits
    $43,770
    Filer's total
    $460,135

  • Elisabeth Rosenthal Senior

    CONTRIBUTING EDITOR KFF HEALTH NEWS

    Total calculated
    $456,694
    From this org
    $380,004
    From related orgs
    $0
    Other
    $76,690
    Hours/week
    37.5

    Schedule J breakdown matched by us

    Base
    $375,950
    Bonus
    $0
    Other
    $4,054
    Deferred
    $34,000
    Nontaxable benefits
    $42,690
    Filer's total
    $456,694

  • Irving Washington III Senior

    VICE PRESIDENT & EXECUTIVE DIRECTOR

    Total calculated
    $452,190
    From this org
    $398,753
    From related orgs
    $0
    Other
    $53,437
    Hours/week
    37.5

    Schedule J breakdown matched by us

    Base
    $360,500
    Bonus
    $2,000
    Other
    $36,253
    Deferred
    $34,000
    Nontaxable benefits
    $19,437
    Filer's total
    $452,190

  • 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
    $31,750
    From this org
    $31,750
    From related orgs
    $0
    Other
    $0
    Hours/week
    4

  • Olympia Snowe

    TRUSTEE, CHAIR

    Total calculated
    $31,500
    From this org
    $31,500
    From related orgs
    $0
    Other
    $0
    Hours/week
    4

  • Kevin Merida

    TRUSTEE

    Total calculated
    $25,000
    From this org
    $25,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    4

  • Reed V Tuckson

    TRUSTEE

    Total calculated
    $22,750
    From this org
    $22,750
    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
  • 7 · Other non-fixed payments

Answered no

  • 4a · Severance or change-of-control payment
  • 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 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 2024.
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 $11 · assets $26,275

    Directly controlled by HENRY J KAISER FAMILY FOUNDATION

  • LIBERTY SHIP LLC

    INVESTMENT · DE · income -$9,415,749 · assets $794,986

    Directly controlled by HENRY J KAISER FAMILY FOUNDATION

  • KF PS WALNUT CREEK LLC

    INVESTMENT · DE · income $0 · assets $0

    Directly controlled by KF FINTECH LLC

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 · 65.44% owned · share of income $2,417 · share of assets $4,350,515

    Directly controlled by HENRY J KAISER FAMILY FOUNDATION

  • KAISERFP PRIVATE EQUITY FUND LP

    EXCLUDED · INVESTMENT · DE · 99% owned · share of assets $6,398,607

    Directly controlled by HENRY J KAISER FAMILY FOUNDATION

  • KFF RPP LLC

    UNRELATED · INVESTMENT · DE · 100% owned · share of income -$2,258,754 · share of assets $30,410,444

    Directly controlled by HENRY J KAISER FAMILY FOUNDATION

  • KFF RPP II LLC

    UNRELATED · INVESTMENT · DE · 95.24% owned · share of income $1,489,677 · share of assets $54,759,872

    Directly controlled by HENRY J KAISER FAMILY FOUNDATION

  • KEELE HOLDINGS LP

    EXCLUDED · INVESTMENT · DE · share of income $36,504 · general or managing partner

    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 $1,037,522 · controlled entity

    Directly controlled by HENRY J KAISER FAMILY FOUNDATION

Provenance

Return type
form_990
Tax year
2024
Filed
28 October 2025
IRS schema version
2024v5.2
Source object
202503019349303005

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