Kdk-Harman Foundation
EIN 611478157About
DURING 2021 THE FOUNDATION MADE THE FOLLOWING DISTRIBUTIONS WHICH CONSTITUTE A SUBSTANTIAL CONTRACTION OF THE FOUNDATION'S ASSETS. CASH: $20,000 A PLAN OF TERMINATION WAS ADOPTED BY THE FOUNDATION, EFFECTIVE OCTOBER 21, 2017. SINCE THE TERMINATION IS IN COMPLIANCE WITH IRC SECTION 507(B)(1)(A), THE FOUNDATION IS NOT REQUIRED TO GIVE ADVANCE NOTICE OF INTENT TO TERMINATE, NOR DOES IT OWE ANY TERMINATION TAX. ATTACHED IS A COPY OF THE UNANIMOUS WRITTEN CONSENT OF THE DIRECTORS OF THE KDK-HARMAN FOUNDATION APPROVING THE PLAN OF TERMINATION. AS REPORTED ON THE FOUNDATION'S 2017 FORM 990-PF, DISSOLUTION WAS EXPECTED TO OCCUR IN 2018. HOWEVER, THE FOUNDATION RECEIVED RECOVERY PROCEEDS FROM THE BERNARD L. MADOFF VICTIM FUND AND WAS UNABLE TO TERMINATE AS A RESULT. COMPLETE DISSOLUTION OF THE FOUNDATION IS EXPECTED TO OCCUR IN 2022, BUT MAY BE POSTPONED IF ADDITIONAL RECOVERY FUNDS ARE RECEIVED.
Application Information
Financial Trends
Giving Over Time
Total Assets Over Time
View financial data as table
| Year | Total Giving | Total Assets | Revenue | Grants |
|---|---|---|---|---|
| 2020 | $25K | $25K | $34K | 1 |
| 2021 | $20K | $5K | $3K | 1 |
| 2022 | N/A | $21K | $18K | N/A |
| 2023 | N/A | $26K | $7K | N/A |
| 2024 | $24K | $0 | $91 | 1 |
Grant Size Distribution
Based on 3 grants on record
Geographic Distribution
Officers & Directors
Grants Awarded (3 total)
| Purpose | ||||
|---|---|---|---|---|
| Austin Community Foundation | Austin, TX | $25,000 | CHARITABLE PURPOSES | 2020 |
| Austin Community Foundation | Austin, TX | $23,792 | CHARITABLE PURPOSES | 2024 |
| Austin Community Foundation | Austin, TX | $20,000 | CHARITABLE PURPOSES | 2021 |