OVERVIEW: The Kraus Family Foundation is the philanthropic vehicle of Goldman Sachs veteran Peter Kraus and his wife, Jill. The couple's philanthropy is laser-focused on New York City, particularly in the realm of arts and culture. The Krauses are major art collectors. Other interests in New York City include education and human services.
FUNDING AREAS: Arts & Culture, Education, Youth, Human Services, Health
IP TAKE: The foundation has a minimal web presence, and provides no clear avenues for grantseekers to get in touch
PROFILE: Peter Kraus had a multi-decade run at Goldman Sachs, where he was once a partner. Kraus currently serves as chairman of the board and CEO of AllianceBernstein, a global asset management firm with headquarters in New York City. Kraus and his wife, Jill, New York residents, have a family foundation called the Kraus Family Foundation through which a number of outfits in the city have been supported. In a recent fiscal year, the foundation held some $9.3 million in assets and gave away around $4.3 million. The couple doesn't have much of a web presence, or clear avenue for getting in touch, however.
Kraus and his wife, Jill, are prominent art collectors, and have been featured on ArtNews' Top 200 art collectors list. Jill chairs the board of Public Art Fund, a "nonprofit arts organization that presents the work of contemporary artists in New York's public spaces." Jill is passionate about the arts and sits on the boards of the New Museum and the Museum of Modern Art. The couple has given some of their collection to art museums.
The Krauses through their charitable vehicle have supported a long trail of arts and culture outfits in New York. Past grantees include Lincoln Center for the Performing Arts (which received $1.25 million in a recent fiscal year available), MoMA (which received some $1.3 million in a recent fiscal year available), Whitney Museum, New York Philharmonic, Public Art Fund, Creative Capital Foundation, Solomon Guggenheim Museum, Little Opera Theater, The Drawing Center, and Harlem Stage. The couple has also funded Lower Manhattan Cultural Council, which "empowers artists by providing them with networks, resources, and support, to create vibrant, sustainable communities in Lower Manhattan and beyond."
The couple also supports education in New York City. They've supported Learning Leaders, "New York City’s largest and most experienced organization dedicated to engaging families and communities to support student success, Allen-Stevenson School, and Harlem School of the Arts, among others. A lot of the couple's education grantmaking though, takes place outside of New York City. Kraus' alma mater, for instance, Trinity College in Connecticut, has been well-funded.
The couple also ear-mark sums for human services outfits and for outfits supporting youth in New York. Past grantees include Catholic Charities of the Archdiocese of NY, Citizens Committee for Children, Henry Street Settlement, Citymeals-on-Wheels, Harlem RBI, Search & Care, whose mission is to "seek out older people in the community who need help in managing life's daily activities or accessing essential services," and FEGS Health and Human Services System.
In health, Kraus and Jill focus on New York City hospitals such as New York Presbyterian Hospital, and have funded research into neurological diseases. They've also supported outfits like New Yorkers Against Gun Violence Ed Fund.
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The Kraus Family Foundation does not provide a clear avenue for getting in touch with the couple but below is an address:
The Kraus Family Foundation
Bowling Green Sta., P.O. Box 73
New York City, NY 10274