AI Transparency Report
The Abram And Ray Kaplan Foundation appears to be a grant-making organization, as indicated by its NTEE code T20 (Private Grantmaking Foundations) and consistent operational pattern. Over the past six years, the foundation has consistently spent more than its revenue, drawing down its assets from $16.59 million in 2015 to $12.95 million in 2023. For example, in 2023, the foundation reported revenue of $1,110,809 against expenses of $2,065,828. This spending pattern suggests a strategy of distributing funds from its endowment rather than solely relying on annual contributions. The foundation maintains a very lean operational structure with 0% officer compensation reported across all available filings, indicating high efficiency in administrative costs related to executive pay. However, without a detailed breakdown of expenses beyond total expenses, it's challenging to fully assess the efficiency of program spending versus other administrative or fundraising costs. The consistent liabilities of $20,000 in recent years are minor relative to its asset base.