King Baudouin Foundation United States (KBFUS)

King Baudouin Foundation United States (KBFUS) is the American branch of the King Baudouin Foundation (KBF), an international grantmaking foundation based in Brussels, Belgium. It provides grants to left-of-center organizations, operates donor-advised funds, and allows such organizations to raise tax-deductible donations from foreign donors. 1

At-A-Glance

Website: kbfus.org
Parent Company:

King Baudouin Foundation (Brussels, Belgium)

Formation:

2002

Tax ID: 58-2277856
Most Recent Filing: 2024
Budget (2024): Assets: $122,957,865 Revenue: $200,540,834 Expenses: $175,047,642

Contents

    The Institute for Human Sciences, an Austrian-based humanities educational organization associated with billionaire investor and philanthropist George Soros, fundraises from its American supporters through KBFUS. 2

    Background

    King Baudouin Foundation United States was founded in 2002. Based in New York City, it is the American branch of the King Baudouin Foundation, a grantmaker dedicated to “democracy” and “diversity” in European countries and abroad. 1

    The King Baudouin Foundation was founded in 1976 and runs initiatives in Africa such as the Africa Prize. It also helped establish the European Foundation Center, the Network of European Foundations, the European Venture Philanthropy Association, and Transnational Giving Europe. 3 1 It is a partner of the European Policy Center. KBF also serves as a philanthropic advisor to individuals and corporations that seek to contribute to communities. 1

    Activities

    King Baudouin Foundation runs two annual Signature Programs: “the Art of Science and Fundraising” and “Spotlight African Innovators.” They are participatory “full-immersion” conventions for professionals and philanthropists. Participation is by invitation only and the Foundation considers the sessions “intensive.” 4

    The Art and Science of Fundraising invites members from European and African universities and cultural institutions to study how to implement more successful development strategies. It hosts discussion panels with New York fundraising professionals to inform invitees on strategic planning, trustee involvement, prospect identification, donor cultivation, capital campaigns, and planned giving. 5

    Spotlight African Innovators is a convention that highlights the work of significant creative partners from Africa with the goal of uniting them with interested investors and philanthropists. In alternate years, KBFUS also celebrates the winner of the Africa Prize, one of its parent groups’ initiatives, that awards winners €200,000 and connections with donors, bringing them on a roadshow in the United States to raise awareness for their issue and organization. 6

    Funding

    KBFUS has facilitated at least $130 million in grants since roughly 2019. 1 It runs the “American Friends Fund,” a fund for foreign nonprofits to receive tax-deductible gifts from institutions and individuals in the United States. KBFUS charges a management fee on all contributions. 7

    The Institute for Human Sciences, an Austrian-based humanities educational organization associated with billionaire investor and philanthropist George Soros, fundraises from its American supporters through KBFUS. 8

    In 2020, KBFUS had a total revenue of $56,677,232, total expenses of $57,245,460, and net assets of $29,883,8240 according to its tax returns. 9

    According to its tax returns, KBFUS dedicated $46,988,712 to European recipients, $6,963,813 to Sub-Saharan African recipients, $1,076,114 to Middle Eastern and North African recipients, $174,439 to North American recipients outside the U.S., $15,830 to East Asian and Pacific recipients, and $50,000 to Russia and neighboring recipients. 10

    Leadership

    As of October 2022, Jean Paul Warmoes was the executive director of KBFUS. He is a former director of the King Baudouin Foundation. Its board is chaired by Thomas Leysen, the chairman of Umicore and Mediahuis, a European publishing group, and the chair of the supervisory board of Royal DSM. On the investment committee, Ahmed Fahmin of Alapointe Capital served as chair, with other members hailing from Goldman Sachs, Morgan Stanley, and Fiduciary Trust International. 11

    Financial Statistics

    Total Assets

    Total Revenue

    Total Expenses

    YearTotal AssetsTotal RevenueTotal ExpensesFiling
    2024 $122,957,865 $200,540,834 $175,047,642 View
    2023 $71,443,661 $121,394,713 $124,078,490 View
    2022 $66,018,013 $107,367,636 $100,886,113 View
    2021 $71,313,887 $81,640,878 $59,650,212 View
    2020 $36,383,380 $56,677,232 $57,245,460 View

    Prior year filings: 2019, 2018, 2017, 2015, 2014, 2013, 2012, 2011

    Revenue Detail

    Expenses Detail

    Employee Compensation

    • Number of Employees: 15

    Highest Earning Employees

    EmployeeTitleTotal Compensation
    Jean Paul WarmoesCHIEF EXECUTIVE OFFICER$450,119
    Ellena FotinatosCHIEF OPERATING OFFICER$209,606
    Sheena AgarwalCHIEF PARTNERSHIPS OFFICER$195,796
    Kadiatou SyllaDIRECTOR – AFRICA$154,434
    Monica Carrillo ZegarraDIRECTOR – LATIN AMERICA$149,392
    Suzana EricksonMANAGER- EUROPE$106,016
    Rebecca Ann StibbeDIRECTOR – FAMILY$102,796

    Grant Activity

    All-time grants received statistics from Candid dataset:

    • Total Grant Value: $378,904,137
    • Number of Grants: 1,937
    • Number of Funders: 654

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

    AmountYearFunderSubject
    $26,139,0292025 Fidelity Investments Charitable Gift FundFor grant recipient's exempt purposes
    $12,958,3192022 Fidelity Investments Charitable Gift FundFor grant recipient's exempt purposes
    $12,443,0002023 Simonian Family FoundationMedical Research
    $10,435,1652025 Donor Advised Charitable Giving, Inc.ARTS, CULTURE & HUMANITIES
    $9,874,2162024 Fidelity Investments Charitable Gift FundFor grant recipient's exempt purposes
    $9,755,0132023 Fidelity Investments Charitable Gift FundFor grant recipient's exempt purposes
    $8,978,0002021 Conrad N. Hilton FoundationTo support the World Health Organization to strengthen health systems to deliver and monitor services that support nurturing care for young children and to ensure global validity of the Global Scale for Early Development.
    $7,798,4922024 Every.orgGENERAL SUPPORT
    $5,500,0002023 The Pfizer Foundation IncUKRAINE CIRSIS HUMANITARIAN RESPONSE
    $5,000,0002025 Conrad N. Hilton Foundationfor the World Health Organization, fiscally sponsored by Myriad USA, Inc., to strengthen national health systems in Kenya, Tanzania, and Mozambique and scale the Global Scale for Early Development measurement tool to improve child development outcomes
    $4,862,7142021 Fidelity Investments Charitable Gift FundFor grant recipient's exempt purposes
    $4,267,5002023 The Columbus FoundationADVANCING PHILANTHROPY
    $3,876,0092025 National Philanthropic TrustHUMAN SERVICES
    $3,553,5632022 Network for Good, Inc.UNRESTRICTED
    $3,372,6272024 Give2AsiaCIVIL SOCIETY AND SOCIAL SERVICES
    $3,336,4222024 National Philanthropic TrustEDUCATION
    $3,200,0002020 The Columbus FoundationADVANCING PHILANTHROPY
    $3,128,3122023 Network for Good, Inc.UNRESTRICTED
    $3,126,3392020 Fidelity Investments Charitable Gift FundFor grant recipient's exempt purposes
    $3,010,0002020 Conrad N. Hilton FoundationTo strengthen the capacity of nine high-risk countries in the African region to respond to coronavirus (COVID-19) cases, through interventions addressing risk communication, infection protection and control, case management, and surveillance by WHO-aFRO.
    $2,960,0002024 Morgan Stanley Global Impact Funding Trust IncUNRESTRICTED GENERAL SUPPORT
    $2,778,2502022 National Philanthropic TrustPUBLIC, SOCIETAL BENEFIT
    $2,760,0002024 Dunard Fund USA LtdGENERAL SUPPORT
    $2,722,5002022 The Columbus FoundationADVANCING PHILANTHROPY
    $2,394,9122024 The Columbus FoundationADVANCING PHILANTHROPY

    All-time grants given statistics from Candid dataset:

    • Total Grant Value: $834,297,204
    • Number of Grants: 7,192
    • Number of Recipients: 3,064

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

    AmountYearFunderSubject
    $10,468,0002025 King Baudouin Foundationfor its Luc Walter Fund, to repurpose an old farm into a classical music center.
    $10,000,0002025 King Baudouin Foundationto support charitable initiatives worldwide.
    $8,952,5002021 World Health Organizationto strengthen health systems to deliver and monitor services that support nurturing care for early childhood development.
    $6,738,2192025 Children's Hospital Foundationto enhance the hospital's facilities to advance patients' experience.
    $6,668,8842022 Fonds Recherche Neurosciencesto fund research initiatives in the field of neurosciences, to help accelerate our understanding of the nervous system and the diseases that affect it.
    $6,530,2342022 King Baudouin Foundationfor the Erie Fund, to support initiatives globally in the fields of mental health, human suffering, and living conditions in prisons.
    $6,397,2002022 King Baudouin Foundationfor the Erie Fund, to support initiatives globally in the fields of mental health, human suffering, and living conditions in prisons.
    $6,036,4712025 Fondation Mansart – Parcs Et Demeures De Franceto support arts and culture.
    $5,437,5102025 Rmf – Richard Mille Fundto promote research in neuroscience.
    $5,005,5002022 King Baudouin Foundationfor the Erie Fund, to support initiatives globally in the fields of mental health, human suffering, and living conditions in prisons.
    $4,968,0002025 World Health Organizationto strengthen health systems, support early childhood development and perinatal mental health worldwide.
    $4,909,5032025 Rmf – Richard Mille Fundto promote research in neuroscience.
    $4,804,4432022 Foundation in Support of Whoto provide urgent medical assistance for the most vulnerable people affected by the conflict in Ukraine.
    $4,504,0002023 Fonds Recherche Neurosciencesto fund research initiatives in the field of neurosciences, to help accelerate our understanding of the nervous system and the diseases that affect it.
    $4,278,4002023 Domaine National de Chambordto support the restoration of the chateau's six dome lanterns, ensuring their structural stability and recreating and replacing their lost ornamentation.
    $4,000,0002025 Weill Medical College of Cornell Universityto support the development and advancement of innovative melanoma cell therapy research from the lab to clinical trials.
    $3,973,8652023 Fonds Recherche Neurosciencesto fund research initiatives in the field of neurosciences, to help accelerate our understanding of the nervous system and the diseases that affect it.
    $3,968,0002025 King Baudouin Foundationfor its Luc Walter Fund which will support young lyric talents.
    $3,968,0002024 Albert de la Chapelles Konststiftelseto establish a new wing of the Ekenas Museum, for the presentation of high-quality art in the province of Western Nyland, Finland.
    $3,906,9952023 Fonds Recherche Neurosciencesto enhance research in the field of neuroscience by supporting Paris Brain Institute's efforts to develop international collaborations with research centers worldwide.
    $3,458,0002022 Vision Catalyst Fundfor its efforts to improve eye health globally by providing glasses and lenses and funding vision programs that focus on system change.
    $3,293,0002020 King Baudouin Foundationfor the Erie Fund, to support nonprofit initiatives working on the frontlines of the COVID-19 response in France, Belgium and other countries, providing medical care or social services to the most vulnerable groups, such as the elderly and poor. – COVID-19
    $3,293,0002020 King Baudouin FoundationFor the Erie Fund, To support nonprofit initiatives working on the frontlines of the coronavirus/COVID-19 response in France, Belgium and other countries, providing medical care or social services to the most vulnerable groups, such as the elderly and poor.
    $3,202,0102024 King Baudouin Foundationfor the Erie Fund, to support initiatives globally in the fields of mental health, human suffering, and living conditions in prisons.
    $3,197,0102020 Albert de la Chapelles Konststiftelseto fund the construction of a new wing of the Ekenas Museum, for the presentation of high-quality art in the province of Western Nyland, Finland. – COVID-19

    References

    1. “About.” KBFUS.org. Accessed October 15, 2022. https://kbfus.org/about/.
    2. “Partners and Donors.” IWM.at. Accessed October 2, 2022. https://www.iwm.at/about/partners-and-donors.
    3. “KBF Africa.” Kbf.africa.org. Accessed October 15, 2022. https://kbfafrica.org/.
    4. “Our Programs.” KBFUS.org. Accessed October 15, 2022. https://kbfus.org/our-programs/.
    5. “The Art and Science of Fundraising.” KBFUS.org. Accessed October 15, 2022. https://kbfus.org/programs/the-art-and-science-of-fundraising/.
    6. “Spotlight African Innovators.” KBFUS.org. Accessed October 15, 2022. https://kbfus.org/programs/spotlighting-african-innovators/
    7. “American Friends Funds.: KBFUS.org. Accessed October 15, 2022. https://kbfus.org/services/american-friends-funds/
    8. [1] “Partners and Donors.” IWM.at. Accessed October 2, 2022. https://www.iwm.at/about/partners-and-donors.
    9. King Baudouin Foundation United States, Return of Organization Exempt from Income Tax (Form 990). 2020. Part I. Lines 12, 18, 22.
    10. King Baudouin Foundation United States, Return of Organization Exempt from Income Tax (Form 990). 2020. Schedule F, Part I, 3 – Activities per Region.
    11. “People.” KBFUS.org. Accessed October 15, 2022. https://kbfus.org/about/people/#staff.