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Kimsey Foundation

Profile

Last Updated: 2016-07-17

At A Glance

Kimsey Foundation

1700 Pennsylvania Ave. N.W., Ste. 900

Washington, DC United States 20006-4722

Type of Grantmaker

Independent foundation

Additional Descriptor

  • Celebrity: Business
  • Family foundation

Financial Data

(yr. ended 2014-12-31)

Assets: $17,687,226

Total giving: $548,050

EIN

522007895

BRIDGE Number

7845392007

Background

Established in 1997 in VA - Founded by James V. Kimsey, co-founder and first chairman of America Online (AOL).

Purpose and Activities

The foundation focuses on educational and cultural initiatives; supporting thriving communities that offer hope and opportunity to youth. The foundation gives preference to organizations using a proactive collaborative approach. The foundation participates in funding partnerships. It also serves the international community through policy research and humanitarian outreach. The foundation has narrowed its focus to include a few specific projects that leverage systemic change in public education and community development. The majority of new grants will be related to existing partnerships and initiatives.

Program Area(s)

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

Community Development

The foundation focuses on developing communities through the support of programs that have promise for lasting, positive change. These efforts are aimed at activities that bring individuals together to leverage their collective talents and assets: 1) Transform neighborhoods - Work with a diverse group of partners and local leaders to provide social support, ensure access to educational opportunities, and encourage civic responsibility in neighborhoods "east of the river"; 2) Trigger investments - Target promising neighborhood initiatives that provide leadership training, promote the participation of youth and families, and foster organizational effectiveness; 3) Leverage technology - Exploit advances in technology to capture critical local resource and demographic information; share and extend the reach of this information to citizens and policy advocates throughout Washington, DC.

Education

The foundation is dedicated to helping bring a brighter future for, and tapping into the vast potential of, Washington, DC's youth. The foundation accomplishes this through a variety of educational programs aimed at providing opportunities for the students and helping to improve the District's education system: 1) Improve educational outcomes - Ensure that Washington, DC's children receive the academic preparation and community support needed to succeed in life; 2) Encourage positive change - Support leadership initiatives and managerial training programs to ensure that the District's educational institutions maximize opportunities for children; 3) Stimulate creative expression - Raise awareness of the arts by providing opportunities to experience and take part in cultural activities.

International

The foundation promotes international cooperation to reduce human suffering. Through programs that foster intercultural communication, the foundation helps find enduring solutions and encourage collaborative response: 1) Provide humanitarian relief - Highlight and advocate refugee issues and provide assistance to landmine removal operations; 2) Promote political transformation - Support seminars and scholarly exchanges in Beijing and the United States to assist the process of political transformation in China; 3) Advance understanding - Sponsor solution-driven strategic analysis and national security policy studies that examine the role of the United States in the emerging world order; 4) Stimulate the exchange of ideas - Bring attention to the tragedy of human trafficking around the globe and seek an international consensus to stop the practice.

Fields of Interest

Subjects
  • Arts and culture
  • Child welfare
  • Community and economic development
  • Education
  • Human rights
  • International relations
  • Political organizations
Population Groups
  • Academics
  • Children and youth
  • Economically disadvantaged people
  • Ethnic and racial groups
  • Low-income and poor people
  • Refugees and displaced people
  • Students
  • Undocumented immigrants

Financial Data

Year ended 2014-12-31

Assets: $17,687,226 (market value)

Gifts received: $1,121,893

Expenditures: $1,226,372

Total giving: $548,050

Qualifying distributions: $1,114,611