HENRY J KAISER FAMILY FOUNDATION

EIN: 946064808 501(c)(3) Philanthropy & Grantmaking

SAN FRANCISCO, CA

Total Revenue
$32,391,992
Total Expenses
$74,774,656
Total Assets
$768,899,607
Net Assets
$618,629,197
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1948
Legal Domicile
CA
Principal Officer
DREW ALTMAN
Phone
6508549400
Tax Period
2024-01-01 to 2024-12-31

HENRY J KAISER FAMILY FOUNDATION, founded in 1948, is a mid-sized nonprofit in the Philanthropy & Grantmaking sector that reported $32.4M in total revenue in fiscal year 2024. Revenue fell 62% from the prior year — a significant decline worth monitoring. Expenses of $74.8M exceeded revenue, resulting in a 131% operating deficit.

Mission

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.

Program Service Accomplishments

Program 1
Expenses: $23,967,945 Revenue: $0

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...

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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.

Program 2
Expenses: $24,024,480 Revenue: $0

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...

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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.

Program 3
Expenses: $7,421,035 Revenue: $0

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...

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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.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $17,684,590
Program Service Revenue $0
Investment Income $14,705,586
Other Revenue $1,816
TOTAL REVENUE $32,391,992

Expense Breakdown

Grants Paid $565,144
Salaries & Benefits $48,292,578
Fundraising Expenses $1,002,477
Program Expenses $61,893,433
Other Expenses $25,916,934
TOTAL EXPENSES $74,774,656

Year-over-Year Comparison

2024 2023 Change
Revenue $32,391,992 $84,804,935 -0.6%
Expenses $74,774,656 $76,066,976 0.0%
Net Income $-42,382,664 $8,737,959 -5.9%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Financial Distress Indicator

Liquidity & Cash Position

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Governance

Voting Members
11
Independent Members
10
Employees
236
Volunteers
5

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
4
$1,615,540
Total Directors
11
$1,267,405
Key Employees
2
$1,251,846
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DREW ALTMAN TRUSTEE, PRESIDENT & CEO 37.50
Officer Director
$1,012,215 $111,690 $1,123,905
MOLLYANN BRODIE EXECUTIVE VICE PRESIDENT & COO 37.50
Key Emp
$522,273 $112,032 $634,305
LAWRENCE LEVITT EXECUTIVE VICE PRESIDENT FOR HEALTH POLICY 37.50
Key Emp
$522,425 $95,116 $617,541
DEAN DUCHAK CHIEF INVESTMENT OFFICER 37.50
Highest
$473,072 $101,969 $575,041
DAVID ROUSSEAU PUBLISHER KFF HEALTH NEWS 37.50
Highest
$475,549 $95,270 $570,819
ANN DEFABIO SENIOR VICE PRESIDENT & CCO 37.50
Highest
$390,569 $70,242 $460,811
ELIZABETH CAIN CHIEF FINANCIAL OFFICER 37.50
Officer
$382,365 $77,770 $460,135
ELISABETH ROSENTHAL SENIOR CONTRIBUTING EDITOR KFF HEALTH NEWS 37.50
Highest
$380,004 $76,690 $456,694
IRVING WASHINGTON III SENIOR VICE PRESIDENT & EXECUTIVE DIRECTOR 37.50
Highest
$398,753 $53,437 $452,190
SUSAN SIEGEL TRUSTEE 4.00
Director
$32,500 $0 $32,500
KATHLEEN SEBELIUS TRUSTEE 4.00
Director
$31,750 $0 $31,750
OLYMPIA SNOWE TRUSTEE, CHAIR 4.00
Officer Director
$31,500 $0 $31,500
KEVIN MERIDA TRUSTEE 4.00
Director
$25,000 $0 $25,000
REED V TUCKSON TRUSTEE 4.00
Director
$22,750 $0 $22,750
JAMES E CANALES TRUSTEE, VICE-CHAIR 4.00
Officer Director
$0 $0 $0
FREDERICK P CERISE TRUSTEE 4.00
Director
$0 $0 $0
MARCELLA NUNEZ-SMITH TRUSTEE 4.00
Director
$0 $0 $0
SOLEDAD O'BRIEN TRUSTEE 4.00
Director
$0 $0 $0
FRED TERRELL TRUSTEE 4.00
Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 $32,391,992 $74,774,656 $768,899,607 $-42,382,664
2023 $84,804,935 $76,066,976 $829,022,336 $8,737,959
2022 $70,724,875 $70,906,791 $859,649,669 $-181,916
2021 $111,004,070 $66,726,989 $1,103,580,994 $44,277,081
2020 $123,035,236 $58,644,401 $892,163,635 $64,390,835
2019 $53,799,622 $54,877,435 $735,632,115 $-1,077,813
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