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Korn Ferry Charitable Foundation FY2021 filing

Tax-deductible

Los Angeles, CA501(c)(3)Foundations & Grantmakers EIN 85-0622977Revenue $57K in FY2021

On file with the IRSkornferryfoundation.org1900 Avenue of the Stars Suite 122, 90067-4301 · Los Angeles, CATax-exempt since Jun 2020Publicly supported charity — 170(b)(1)(A)(vi)

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The foundation's mission is to help people exceed their potential. Whether that is in the boardroom, the classroom, or their living room. That means providing help, support, and inspiration for people who need IT most, providing direct relief to those affected by a natural disaster, funding scholarships and programs, and offering grants to Charitable organizations working to enhance our communities.

501(c)(3) charity; gifts are tax-deductible.
100¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2021 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
2 of 4
filings with a surplus
Average deficit $80K a year · 28% of revenue · last 4 filings
Worth a look: a surplus in 2 of the last 4 filings.
Pt I · Ln 19 · 4 filings
Spent on programs
100%
of spending
Looks good: 100% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
3 mo
of spending, in cash
Fine: 2.6 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
2
named funders · $35K
Fine: 2 funders name it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
5
of 5 voting members
Looks good: 5 of 5 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$57K
Spent
$47K
To programs
100%
Net assets
$10K
By yearFY2021–FY2025
Revenue
$57K
FY2021
Tap a bar for its year
Revenue by fiscal year
FY2021$57K
FY2023$70K
FY2024$22K
FY2025$1.0M
Expenses
$47K
FY2021
Tap a bar for its year
Expenses by fiscal year
FY2021$47K
FY2023$435K
FY2024$468K
FY2025$523K
Net assets
$10K
FY2021
Tap a bar for its year
Net assets by fiscal year
FY2021$10K
FY2023$754K
FY2024$308K
FY2025$789K

From the FY2021 Form 990 (year ending March 2021) · figures checked against the IRS filing · see the original

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You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Jun 2020.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

100 cents of each dollar spent went to programs.

Program services 100% · $47K

Form 990 Part IX, line 25. Every line is in By the numbers.

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Who runs it and what they're paid

7 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2020); the FY2021 filing did not itemize Part VII
$0Pt VII · Sec A
Ari Lanin
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Tiffany Lee
Director
$0Pt VII · Sec A
Andy Katz
Treasurer
$0Pt VII · Sec A
Heather Axe
President and Secretary
$0Pt VII · Sec A
See Korn Ferry Charitable Foundation executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Empowering individuals and communities through relief, education, and grants.

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Provided by the organization

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3 programs · $47K · in their own filed words · FY2020
01

General Grant Making

The fondation will make grants to organizations, mainly 501(c)(3) public charities, that align with the foundation's charitable purpose and in conformity with irs guidelines. Through its grant-making program, the foundation intends to support organizations that, among other things, help provide relief after a major disaster AND/OR to…

$47Kprogram expense
02

Disaster Relief Program

The foundation will serve as a vehicle to raise and distribute charitable donations from korn ferry and its employees in response to qualified disasters and emergencies. The foundation intends to provide grants to korn ferry employees who are facing financial hardship immediately after a qualified disaster.

Pt IX · col B
03

Scholarship Program

The foundation also intends to provide scholarships based on non-discriminatory, objective criteria, such as financial need and high academic achievement, for dependents of korn ferry's employees. The foundation may provide scholarships to the general public as well.

Pt IX · col B

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2021
Pga Tour INCFY2021$25K
The Richard M & Maude M Ferry CharitableFY2021$10K
Total grants receivedfrom 2 funders$35K
Grants paid · 3 grants · $820K · 2022–2024
Unitemized GrantFY2024$290,000
Unitemized GrantFY2023$310,000
Unitemized GrantFY2022$220,000

By the numbers

The FY2021 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$57K
Ln 12
Gifts and grantsLn 1h$57K
Money outPt IX
$47K
Ln 25
Programscol B$47K
Owns and owesPt X
$10K
net assets · Ln 32
Cash and savingsLn 1–2$10K
Total assetsLn 16$10K
LiabilitiesLn 26$0
PeoplePt VI, VII
7
listed · VII A
PaidVII A0
Voting boardVI 1a5
IndependentVI 1b5
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$57K
Total revenueLn 12$57K
Assets in detailPt X, end of year
CashLn 1$10K
Cash and savings togetherLn 1–2$10K
Total assetsLn 16$10K
LiabilitiesLn 26$0
Net assetsLn 32$10K
OperationsPt I, VI
EmployeesI 50
VolunteersI 610
Fiscal year endsHeaderMarch
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY21End FY21
Cash and savingsLn 1–2$10K
Total assetsLn 16$0$10K
LiabilitiesLn 26$0$0
Net assetsLn 32$0$10K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$23K$23K
Other fees for servicesLn 11g$24K$24K
Total functional expensesLn 25$47K$47K$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $1.0M$523K$482K$789K 990 PDF
FY2024 $22K$468K−$446K$308K 990 PDF
FY2023 $70K$435K−$365K$754K 990 PDF
FY2022 Not on file
FY2021 Viewing $57K$47K$10K$10K 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2021 990 (6 parts)
Part I · Summary $57,000 revenue, 12 lines filed
I-8 Contributions and grants$57,000
I-9 Program service revenue$0
I-10 Investment income$0
I-11 Other revenue$0
I-12 Total revenue$57,000
I-13 Grants and similar amounts paid$23,000
I-14 Benefits paid to members$0
I-15 Salaries and benefits$0
I-16a Professional fundraising fees$0
I-17 Other expenses$23,986
I-18 Total expenses$46,986
I-19 Revenue less expenses$10,014
Part VI · Governance 5 of 5 board members independent, 1 to look at
VI-1a Voting members of the governing body5
VI-1b Independent voting members5
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
Part VIII · Statement of revenue $57,000 across 3 lines filed
VIII-1f All other contributions, gifts and grants$57,000
VIII-1h Total contributions, gifts and grants$57,000
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$57,000
Part IX · Statement of functional expenses $46,986 across 2 lines filed
IX-1 Grants to domestic organizationsPrograms $23,000$23,000
IX-11g Other fees for servicesPrograms $23,986$23,986
IX-25 Total functional expensesPrograms $46,986 · Management $0 · Fundraising $0$46,986
Part X · Balance sheet $10,014 assets, 5 lines filed
X-1 Cash, non-interest-bearing$10,014
X-16 Total assetsStart of year $0$10,014
X-26 Total liabilitiesStart of year $0$0
X-32 Total net assets or fund balancesStart of year $0$10,014
X-33 Total liabilities and net assetsStart of year $0$10,014
Part XI · Reconciliation of net assets $10,014 net assets at year end
XI-1 Total revenue$57,000
XI-2 Total expenses$46,986
XI-3 Revenue less expenses$10,014
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$10,014

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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