Public Charity

THE JIM AND MARGARET KRUM FOUNDATION INC

THE JIM AND MARGARET KRUM FOUNDATION INC is a Public Charity headquartered in HILTON HEAD ISLAND, SC. Financial data from the 2024 filing: $125K revenue, $261K expenses, $11.9M total assets. IRS filings disclose 84 grants awarded by this foundation, totaling roughly $1.6M.

EIN: 271777206 HILTON HEAD ISLAND, SC Latest filing: 2024
Total Revenue$125K
Total Expenses$261K
Total Assets$11.9M
Grants Given84
Grant Total$1.6M
Filing Years2020–2024

Mission

The Krum Foundation operates exclusively for the benefit of, to perform the functions of, or to carry out the purposes of the Community Foundation of the Lowcountry, Inc. ("Foundation"), a publicly supported organization described in sections 501(c)(3) and 509(a)(1) of the Code. A traditional community foundation founded in 1994, Community Foundation of the Lowcountry, Inc. serves the residents of South Carolina counties: Beaufort, Colleton, Hampton, and Jasper. The Krum Foundation will further its exempt purposes by making grants directly to the Community Foundation and to organizations which are, or could be supported by the Community Foundation consistent with its own charitable purposes. Community Foundation grants are awarded to organizations that work in a variety of charitable areas, including arts & culture, education and youth development, and health and human services. Both the Krum Foundation and the Community Foundation expect to make scholarship grants to individuals.

Sample Grants Given

HILTON HEAD ISLAND, SC · 2022
PROGRAM SUPPORT
$6,000
Clemson University
Clemson, SC · 2020
$64,000
University of SC
Columbia, SC · 2020
$32,750
College of Charleston
Charleston, SC · 2020
$23,000
Greenville, SC · 2020
$15,000

Showing up to 5 of 84 total records — full history available with membership.

Officers & Directors

SECRETARY/TREASURER Emmy Rooney
DIRECTOR Hank Noble
CHAIRMAN Martin Cohn
board member Trish Heichel
VICE CHAIRMAN Wade Webster

Officer compensation and complete director data available with membership.

Top Grant Purposes

Unspecified
$1,588,649 83 grants
PROGRAM SUPPORT
$6,000 1 grant

Financial Trends

Year Revenue Expenses Assets
2024 $125K $261K $11.9M
2023 $84K $499K $11.3M
2022 $418K $511K $10.8M
2021 $3.2M $493K $13.1M
2020 $202K $479K $10.3M

Between 2020 and 2024, reported annual revenue declined from $202K to $125K (-38%), with total assets most recently reported at $11.9M.

Interactive year-over-year charts and full filing details available with membership.

Grant Geography

Grants from this foundation were reported to recipients in AL, AZ, CA, CT, DC, GA, and 4 other states.

ALAZCACTDCGAILKYMIMN

Full geographic grant map with state-by-state breakdown available with membership.

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