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J. A. & Kathryn Albertson Foundation, Inc.

Profile

Last Updated: 2016-06-09

At A Glance

J. A. & Kathryn Albertson Foundation, Inc.

501 Baybrook Ct., P.O. Box 70002

Boise, ID United States 83707-0102

Telephone: (208) 424-2600

URL: www.jkaf.org

Type of Grantmaker

Independent foundation

Additional Descriptor

  • Celebrity: Business
  • Family foundation

Financial Data

(yr. ended 2014-12-31)

Assets: $687,584,407

Total giving: $30,633,948

EIN

826012000

Bridge Number

6989036655

Background

Established in 1966 in ID - Founded by Joe and Kathryn Albertson. Mr. Albertson was the founder of the Albertsons chain of grocery store. From its beginning, the foundation gave to a variety of charitable causes within Idaho, where the couple met, married and raised their daughter, Barbara. As the foundation's assets grew, its giving began to focus primarily on one area -- Idaho education. Joe Albertson passed away in 1993. In 1997, Kathryn gave a generous gift of $660 million worth of Albertson's Incorporated stock to the foundation, which propelled its giving level from approximately $2.5 million a year to more than $35 million. Kathryn was a Director Emeritus on the foundation's Board of Directors until her passing in April, 2002.

Purpose and Activities

The vision and mission of the foundation is to discover, develop and expand environments of limitless learning for all Idahoans.

Program Area(s)

The grantmaker has identified the following area(s) of interest:

Program-Related Investment

The foundation has made a program-related invesment to a fund for charter schools.

Fields of Interest

Subjects
  • Community college education
  • Early childhood education
  • Education
  • Elementary and secondary education
  • Secondary education
Population Groups
  • Academics
  • Adolescents
  • Children and youth
  • Students

Financial Data

Year ended 2014-12-31

Assets: $687,584,407 (market value)

Gifts received: $45

Expenditures: $38,369,244

Total giving: $30,633,948

Qualifying distributions: $34,069,019

Giving activities include:

$30,633,948 for 161 grants (high: $4,000,000; low: $1,638)

$2,000,000 for 1 loan/program-related investment