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Non-profit

Baum Family Foundation

Location:

Kansas City, MO
Tax ID:

35-2481660
Tax-Exempt Status:

501(c)(3)

Budget (2022):

Revenue: $-601,005
Expenses: $1,106,748
Assets: $30,204,195
Type:

Private family foundation
Formation:

2013
President:

Sarah Baum
Budget (2023):

Revenue: $477,325
Expenses: $1,470,848
Assets: $29,589,245 3

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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

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

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/
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Nonprofit Information

  • Accounting Period: December - November
  • Tax Exemption Received: July 1, 2014

    • Available Filings

    Period Form Type Total revenue Total functional expenses Total assets (EOY) Total liabilities (EOY) Unrelated business income? Total contributions Program service revenue Investment income Comp. of current officers, directors, etc. Form 990
    2022 Dec Form PF $-601,005 $1,106,748 $30,204,195 $18,250 $0 $0 $0 $0 PDF
    2021 Dec Form PF $2,736,040 $1,956,506 $32,083,871 $1 $0 $0 $0 $0 PDF
    2020 Dec Form PF $10,504,674 $2,232,760 $32,240,156 $0 $0 $0 $0 $0
    2019 Dec Form PF $950,531 $1,206,939 $22,970,274 $18,250 $0 $0 $0 $0
    2015 Dec Form PF $1,905,382 $1,049,310 $9,662,660 $14,580 $0 $0 $0 $0 PDF
    2014 Dec Form PF $12,235,434 $40 $8,792,003 $0 $0 $0 $0 $0 PDF

    Additional Filings (PDFs)

    Baum Family Foundation

    4801 MAIN ST STE 500
    Kansas City, MO 64112-2551