Baum Family Foundation

The Baum Family Foundation is a private foundation established in 2013 by financier and philanthropist G. Kenneth Baum and his wife Ann Kaufman Baum. In 2023 it awarded $1.27 million in grants, most focused on education and “societal benefit” in the Kansas City, Missouri area. 1 2 3 4

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At-A-Glance

Type: Non-profit, 501(c)(3), Private Foundation
Issue Areas: Education Policy
Formation:

2013

President:

Sarah Baum

Location: Kansas City, MO View on map
Tax ID: 35-2481660
Most Recent Filing: 2024
Budget (2024): Assets: $34,677,711 Revenue: $1,483,310 Expenses: $3,100,909

Contents

    Background

    The Baum Family Foundation, previously known as the George K. Baum Family Foundation, is a private family foundation founded in 2013 and located in Kansas City, Missouri. It was initially registered as the George K. Baum Family Foundation and its registered agent was G. Kenneth Baum. 1 2

    Baum graduated from Carleton College in Northfield, Minnesota and joined his father’s municipal bond financing firm George K. Baum & Company. He eventually took over the firm from his father. In 1994, he sold the business to his son Jonathan, and he and his wife Ann founded the Baum Family Foundation in 2013. Baum was a founding member of the board of trustees for the Kansas Chapter of The Nature Conservancy. Baum died in November 2021 at age 91. 5

    In 2022, after Baum’s death, the Jonathan E. Baum became foundation president. 6 In 2023, its annual registration report showed Sarah Baum as the foundation president. 7 In October 2023, the foundation name was changed to The Baum Family Foundation. 8

    Funding and Grants

    In 2023 the Baum Family Foundation reported revenues of $477,325 and expenses of $1,470,848. Its net assets were valued at over $29.5 million. 3

    As of its 2023 tax return, the Baum Family Foundation awarded a total of $1.27 million in grants. 9 It awarded $200,000 to tech education group WeCode KC, $128,000 to the Greater Kansas City Community Foundation, and $125,000 to the Urban League of Greater Kansas City, alongside many other grants to groups such as El Centro, the Trevor Project, and Be Great Together.10

    Leadership

    According to its 2023 tax return, Sarah Baum is listed the foundation’s president. She is the late G. Kenneth Baum’s daughter-in-law and wife of Jonathan Baum. Ann Kaufmann Baum, the late G. Kenneth Baum’s wife, is its vice president. Jonathan Baum is its treasurer. 11

    Jonathan Baum is the late G. Kenneth Baum’s son. He earned a master’s in finance from the University of Chicago. He was the CEO of George K. Baum & Company from 1994 until 2019, when it was sold. At that time, he focused on his role as a partner in private equity investment firm Baum Capital Partners. 12 13

    Financial Statistics

    Total Assets

    Total Revenue

    Total Expenses

    YearTotal AssetsTotal RevenueTotal ExpensesFiling
    2024 $34,677,711 $1,483,310 $3,100,909 View
    2023 $32,608,349 $477,325 $1,470,848 View
    2022 $29,036,155 $-601,005 $1,106,748 View
    2021 $36,004,288 $2,736,040 $1,956,506 View
    2020 $32,240,156 $10,504,674 $2,232,760 View

    Prior year filings: 2015, 2014

    Expenses Detail

    Grant Activity

    All-time grants given statistics from Candid dataset:

    • Total Grant Value: $9,166,966
    • Number of Grants: 175
    • Number of Recipients: 88

    Selection of highest value grants given from the last seven years:

    AmountYearFunderSubject
    $500,0002020 Pawsperity, Inc.Social Benefit
    $284,0002024 Boys & Girls Clubs of Greater Kansas CitySOCIETAL BENEFIT
    $250,0002024 Amethyst Place, Inc.SOCIETAL BENEFIT
    $250,0002024 Sheffield PlaceSOCIETAL BENEFIT
    $247,1662024 Operation Breakthrough, Inc.SOCIAL BENEFIT
    $200,0002024 Synergy Services, Inc.SOCIETAL BENEFIT
    $200,0002024 TURNER HOUSE CLINIC INCMEDICAL PRACTICE & RESEARCH
    $200,0002024 WeCode KCEDUCATIONAL
    $200,0002023 WeCode KCEDUCATIONAL
    $155,0002021 Operation Breakthrough, Inc.SOCIAL BENEFIT
    $153,0002020 Operation Breakthrough, Inc.Social Benefit
    $150,5002021 Greater Kansas City Community FoundationSOCIAL BENEFIT
    $150,0002020 Greater Kansas City Community FoundationSOCIAL BENEFIT
    $150,0002020 Truman Medical Center Charitable FoundationMEDICAL PRACTICE AND RESEARCH
    $136,5002020 Boys & Girls Clubs of Greater Kansas CitySocietal Benefit
    $133,0002022 Boys & Girls Clubs of Greater Kansas CitySOCIETAL BENEFIT
    $133,0002021 Boys & Girls Clubs of Greater Kansas CitySOCIETAL BENEFIT
    $128,0002023 Greater Kansas City Community FoundationSOCIAL BENEFIT
    $125,0002023 Urban League of Kansas City MoSOCIETAL BENEFIT
    $110,0002024 Early StartEDUCATIONAL
    $100,0002024 De La Salle Education CenterEDUCATIONAL
    $100,0002024 Della Lamb Community ServicesEDUCATIONAL
    $100,0002024 Emmanuel Family and Child Development Center & Emergency Shelter for ChildrEDUCATIONAL
    $100,0002024 Junior Achievement of Middle America, Inc.EDUCATIONAL
    $100,0002024 The Rabbit Hole KCSOCIETAL BENEFIT

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    Financials, employee compensation, and grant information provided by Candid.

    Mentioned in this Article

    References

    1. “The Baum Family Foundation.” Missouri Secretary of State business search. Nonprofit Corporation Details as of 5/18/2025. Accessed May 18, 2025. https://bsd.sos.mo.gov/BusinessEntity/BusinessEntityDetail.aspx?page=beSearch&ID=3493260
    2. “Articles of Incorporation of The George K. Baum Family Foundation.” Missouri Secretary of State. June 13, 2013. Accessed May 18, 2025. https://bsd.sos.mo.gov/Common/CorrespondenceItemViewHandler.ashx?IsTIFF=true&filedDocumentid=9925046&version=1
    3. Baum Family Foundation. Return of Organization Exempt From Income Tax. (Form 990 – Part I). 2023.
    4. Baum Family Foundation. Return of Organization Exempt From Income Tax. (Form 990 – Part XIV). 2023.
    5. “G. Kenneth Baum.” The Kansas City Jewish Chronicla. November 18, 2021. Accessed May 18, 2025. https://www.kcjc.com/obituaries/7577-g-kenneth-baum-obituary
    6. “2022 Annual Registration Report – The George K. Baum Family Foundation.” Missouri Secretary of State. Filed August 16, 2022. Accessed May 18, 2025. https://bsd.sos.mo.gov/Common/CorrespondenceItemViewHandler.ashx?IsTIFF=true&filedDocumentid=131140375&version=2
    7. “2023 Annual Registration Report – The George K. Baum Family Foundation.” Missouri Secretary of State. Filed July 6, 2023. Accessed May 18, 2025. https://bsd.sos.mo.gov/Common/CorrespondenceItemViewHandler.ashx?IsTIFF=true&filedDocumentid=133524666&version=2
    8. “Articles of Amendment for a Nonprofit Corporation.” The George K. Baum Family Foundation. Missouri Secretary of State. Filed December 5, 2023. Accessed May 18, 2025. https://bsd.sos.mo.gov/Common/CorrespondenceItemViewHandler.ashx?IsTIFF=true&filedDocumentid=133524666&version=2
    9. “George K Baum Family Foundation.” Instrumentl Foundation Directory. Accessed May 18, 2025. https://www.instrumentl.com/990-report/george-k-baum-family-foundation
    10. Return of Private Foundation (Form 990-PF). The Baum Family Foundation. 2023. Part XIV.
    11. Baum Family Foundation. Return of Organization Exempt From Income Tax. (Form 990 – Part VII). 2023.
    12. “Our Team.” Baum Capital Partners. Accessed May 18, 2025. https://baumpartners.com/team/
    13. LinkedIn – Jonathan Baum. Accessed May 18, 2025. https://www.linkedin.com/in/jonathan-baum-696b489/