NET WORTH: Unknown
SOURCE OF WEALTH: Hewlett Packard, 3Com
FUNDING AREAS: Education & Youth, Health, Arts & Culture
OVERVIEW: Bill Krause and his wife Gay move their philanthropy through The Krause Foundation, which provides grants to organizations creating systemic change in education or youth development. Krause has strongly supported his alma mater The Citadel. Much of the couple’s other philanthropy involves the Bay Area.
BACKGROUND: L. William Krause received a bachelor's degree in electrical engineering from The Citadel in 1963 and an honorary doctorate of science in 2000. He spent 14 years at Hewlett-Packard, where he became general manager of the general systems division. Krause was president and CEO of 3Com Corporation, and since 1991 has been president of LWK Ventures, a private investment firm.
EDUCATION & YOUTH: Krause has strongly supported his alma mater The Citadel in Charleston, South Carolina. The institution is home to the Krause Center for Leadership & Ethics, created in 2001. Earlier this decade the couple gave a $9.1 million gift to the college. The couple has also supported Gay’s school, Pennsylvania State University.
Much of the family’s work involves the Bay Area. Gay is a former teacher, counselor, and middle school principal and serves as executive director of the Krause Center for Innovation –Foothill College. The Krauses have steadily supported Foothill and De Anza community colleges. Other grantees include Mentor Tutor Connection, YMCA of Silicon Valley, Silicon Valley Education Foundation, and Teen Success.
HEALTH: Grantees include Christopher and Dana Reeve Foundation and Community Health Awareness Council.
ARTS & CULTURE: The Krauses have supported The Tech Museum of Innovation and Computer History Museum.
LOOKING FORWARD: Expect the couple to remain focused on education and youth development.
The Krause Foundation
25855 Westwind Way
Los Altos Hills, CA 94022