<?xml version="1.0" encoding="utf-8"?>
<Return xmlns="http://www.irs.gov/efile" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance" returnVersion="2023v4.0">
  <ReturnHeader binaryAttachmentCnt="0">
    <ReturnTs>2024-01-31T14:48:19-05:00</ReturnTs>
    <TaxPeriodEndDt>2023-12-31</TaxPeriodEndDt>
    <PreparerFirmGrp>
      <PreparerFirmEIN>273204506</PreparerFirmEIN>
      <PreparerFirmName>
        <BusinessNameLine1Txt>IMS LLC</BusinessNameLine1Txt>
      </PreparerFirmName>
      <PreparerUSAddress>
        <AddressLine1Txt>46-005 KAWA ST STE 308</AddressLine1Txt>
        <CityNm>KANEOHE</CityNm>
        <StateAbbreviationCd>HI</StateAbbreviationCd>
        <ZIPCd>967443838</ZIPCd>
      </PreparerUSAddress>
    </PreparerFirmGrp>
    <ReturnTypeCd>990EZ</ReturnTypeCd>
    <TaxPeriodBeginDt>2023-01-01</TaxPeriodBeginDt>
    <Filer>
      <EIN>271531421</EIN>
      <BusinessName>
        <BusinessNameLine1Txt>KRAUSE FAMILY FOUNDATION</BusinessNameLine1Txt>
        <BusinessNameLine2Txt>ALANA KE ALOHA</BusinessNameLine2Txt>
      </BusinessName>
      <BusinessNameControlTxt>KRAU</BusinessNameControlTxt>
      <PhoneNum>8082470676</PhoneNum>
      <USAddress>
        <AddressLine1Txt>46-005 KAWA STREET SUITE 308</AddressLine1Txt>
        <CityNm>KANEOHE</CityNm>
        <StateAbbreviationCd>HI</StateAbbreviationCd>
        <ZIPCd>96744</ZIPCd>
      </USAddress>
    </Filer>
    <BusinessOfficerGrp>
      <PersonNm>BRIAN HAWKINS</PersonNm>
      <PersonTitleTxt>TREASURER</PersonTitleTxt>
      <PhoneNum>8082470676</PhoneNum>
      <SignatureDt>2024-01-31</SignatureDt>
      <DiscussWithPaidPreparerInd>true</DiscussWithPaidPreparerInd>
    </BusinessOfficerGrp>
    <SigningOfficerGrp>
      <PersonFullName>
        <PersonFirstNm>BRIAN</PersonFirstNm>
        <PersonLastNm>HAWKINS</PersonLastNm>
      </PersonFullName>
      <SSN>XXX-XX-XXXX</SSN>
    </SigningOfficerGrp>
    <IRSResponsiblePrtyInfoCurrInd>true</IRSResponsiblePrtyInfoCurrInd>
    <PreparerPersonGrp>
      <PreparerPersonNm>BRIAN P HAWKINS CPA</PreparerPersonNm>
      <PTIN>P00454403</PTIN>
      <PhoneNum>8082470676</PhoneNum>
      <PreparationDt>2024-01-31</PreparationDt>
    </PreparerPersonGrp>
    <TaxYr>2023</TaxYr>
    <BuildTS>2023-04-26 12:10:37Z</BuildTS>
  </ReturnHeader>
  <ReturnData documentCnt="3">
    <IRS990EZ documentId="RetDoc1" referenceDocumentId="RetDoc2">
      <MethodOfAccountingCashInd>X</MethodOfAccountingCashInd>
      <ScheduleBNotRequiredInd>X</ScheduleBNotRequiredInd>
      <WebsiteAddressTxt>N/A</WebsiteAddressTxt>
      <Organization501c3Ind referenceDocumentId="RetDoc3">X</Organization501c3Ind>
      <TypeOfOrganizationCorpInd>X</TypeOfOrganizationCorpInd>
      <GrossReceiptsAmt>9037</GrossReceiptsAmt>
      <InfoInScheduleOPartIInd>X</InfoInScheduleOPartIInd>
      <ContributionsGiftsGrantsEtcAmt>9037</ContributionsGiftsGrantsEtcAmt>
      <TotalRevenueAmt>9037</TotalRevenueAmt>
      <FeesAndOtherPymtToIndCntrctAmt>131</FeesAndOtherPymtToIndCntrctAmt>
      <OtherExpensesTotalAmt>17232</OtherExpensesTotalAmt>
      <TotalExpensesAmt>17363</TotalExpensesAmt>
      <ExcessOrDeficitForYearAmt>-8326</ExcessOrDeficitForYearAmt>
      <NetAssetsOrFundBalancesBOYAmt>28303</NetAssetsOrFundBalancesBOYAmt>
      <OtherChangesInNetAssetsAmt>178</OtherChangesInNetAssetsAmt>
      <NetAssetsOrFundBalancesEOYAmt>20155</NetAssetsOrFundBalancesEOYAmt>
      <CashSavingsAndInvestmentsGrp>
        <BOYAmt>28303</BOYAmt>
        <EOYAmt>20155</EOYAmt>
      </CashSavingsAndInvestmentsGrp>
      <Form990TotalAssetsGrp>
        <BOYAmt>28303</BOYAmt>
        <EOYAmt>20155</EOYAmt>
      </Form990TotalAssetsGrp>
      <NetAssetsOrFundBalancesGrp>
        <BOYAmt>28303</BOYAmt>
        <EOYAmt>20155</EOYAmt>
      </NetAssetsOrFundBalancesGrp>
      <InfoInScheduleOPartIIIInd>X</InfoInScheduleOPartIIIInd>
      <PrimaryExemptPurposeTxt>TO PROVIDE OPPORTUNITIES FOR EDUCATIONAL ENHANCEMENT AND GROWTH TO YOUTH, FAMILIES AND GROUPS WHO ARE UNDERSERVED, UNDEREDUCATED AND UNDEREMPLOYED THROUGH ENGAGEMENT IN EXPERIENCES THAT NURTURE, SUPPORT AND SUSTAIN HEALTHY LEARNING COMMUNITIES, ENVIRONMENT AND SPIRITUALITY.</PrimaryExemptPurposeTxt>
      <ProgramSrvcAccomplishmentGrp>
        <DescriptionProgramSrvcAccomTxt>PROVIDED EDUCATIONAL LITERACY ACTIVITIES TO UNDER-SERVED, UNDER- EDUCATED, AND ECONOMICALLY DISADVTANGED STUDENTS.</DescriptionProgramSrvcAccomTxt>
        <ProgramServiceExpensesAmt>15444</ProgramServiceExpensesAmt>
      </ProgramSrvcAccomplishmentGrp>
      <ProgramSrvcAccomplishmentGrp>
        <DescriptionProgramSrvcAccomTxt>GRANTS TO CULINARY EDUCATION PROGRAMS FOR LOCAL COLLEGES AND HIGH SCHOOLS TO HELP SUPPORT, PROMOTE, AND GROW THE CULINARY ARTS PROGRAMS.</DescriptionProgramSrvcAccomTxt>
      </ProgramSrvcAccomplishmentGrp>
      <TotalProgramServiceExpensesAmt>15444</TotalProgramServiceExpensesAmt>
      <OfficerDirectorTrusteeEmplGrp>
        <PersonNm>SUZANNE LANGFORD</PersonNm>
        <TitleTxt>PRESIDENT</TitleTxt>
        <AverageHrsPerWkDevotedToPosRt>5.00</AverageHrsPerWkDevotedToPosRt>
        <CompensationAmt>0</CompensationAmt>
      </OfficerDirectorTrusteeEmplGrp>
      <OfficerDirectorTrusteeEmplGrp>
        <PersonNm>BRIAN HAWKINS</PersonNm>
        <TitleTxt>TREASURER</TitleTxt>
        <AverageHrsPerWkDevotedToPosRt>1.00</AverageHrsPerWkDevotedToPosRt>
        <CompensationAmt>0</CompensationAmt>
      </OfficerDirectorTrusteeEmplGrp>
      <OfficerDirectorTrusteeEmplGrp>
        <PersonNm>PATRICK STUART</PersonNm>
        <TitleTxt>DIRECTOR</TitleTxt>
        <AverageHrsPerWkDevotedToPosRt>1.00</AverageHrsPerWkDevotedToPosRt>
        <CompensationAmt>0</CompensationAmt>
      </OfficerDirectorTrusteeEmplGrp>
      <OfficerDirectorTrusteeEmplGrp>
        <PersonNm>CHERI HONDA</PersonNm>
        <TitleTxt>DIRECTOR</TitleTxt>
        <AverageHrsPerWkDevotedToPosRt>1.00</AverageHrsPerWkDevotedToPosRt>
        <CompensationAmt>0</CompensationAmt>
      </OfficerDirectorTrusteeEmplGrp>
      <OfficerDirectorTrusteeEmplGrp>
        <PersonNm>TODD BESSINGER</PersonNm>
        <TitleTxt>DIRECTOR</TitleTxt>
        <AverageHrsPerWkDevotedToPosRt>1.00</AverageHrsPerWkDevotedToPosRt>
        <CompensationAmt>0</CompensationAmt>
      </OfficerDirectorTrusteeEmplGrp>
      <OfficerDirectorTrusteeEmplGrp>
        <PersonNm>MARCIA MURPHY</PersonNm>
        <TitleTxt>DIRECTOR</TitleTxt>
        <AverageHrsPerWkDevotedToPosRt>1.00</AverageHrsPerWkDevotedToPosRt>
        <CompensationAmt>0</CompensationAmt>
      </OfficerDirectorTrusteeEmplGrp>
      <ActivitiesNotPreviouslyRptInd>false</ActivitiesNotPreviouslyRptInd>
      <ChgMadeToOrgnzngDocNotRptInd>false</ChgMadeToOrgnzngDocNotRptInd>
      <OrganizationHadUBIInd>false</OrganizationHadUBIInd>
      <SubjectToProxyTaxInd>false</SubjectToProxyTaxInd>
      <OrganizationDissolvedEtcInd>false</OrganizationDissolvedEtcInd>
      <Form1120PolFiledInd>false</Form1120PolFiledInd>
      <MadeLoansToFromOfficersInd>false</MadeLoansToFromOfficersInd>
      <EngagedInExcessBenefitTransInd>false</EngagedInExcessBenefitTransInd>
      <ProhibitedTaxShelterTransInd>false</ProhibitedTaxShelterTransInd>
      <StatesWhereCopyOfReturnIsFldCd>HI</StatesWhereCopyOfReturnIsFldCd>
      <BooksInCareOfDetail>
        <PersonNm>BRIAN HAWKINS</PersonNm>
        <USAddress>
          <AddressLine1Txt>46-005 KAWA STREET SUITE 308</AddressLine1Txt>
          <CityNm>KANEOHE</CityNm>
          <StateAbbreviationCd>HI</StateAbbreviationCd>
          <ZIPCd>96744</ZIPCd>
        </USAddress>
        <PhoneNum>8082470676</PhoneNum>
      </BooksInCareOfDetail>
      <ForeignFinancialAccountInd>false</ForeignFinancialAccountInd>
      <ForeignOfficeInd>false</ForeignOfficeInd>
      <DonorAdvisedFndsInd>false</DonorAdvisedFndsInd>
      <OperateHospitalInd>false</OperateHospitalInd>
      <TanningServicesProvidedInd>false</TanningServicesProvidedInd>
      <RelatedOrganizationCtrlEntInd>false</RelatedOrganizationCtrlEntInd>
      <TransactionWithControlEntInd>false</TransactionWithControlEntInd>
      <PoliticalCampaignActyInd>false</PoliticalCampaignActyInd>
      <LobbyingActivitiesInd>false</LobbyingActivitiesInd>
      <SchoolOperatingInd>false</SchoolOperatingInd>
      <TrnsfrExmptNonChrtblRltdOrgInd>false</TrnsfrExmptNonChrtblRltdOrgInd>
      <PartVIOfCompOfHghstPdEmplTxt>NONE</PartVIOfCompOfHghstPdEmplTxt>
      <PartVIHghstPdCntrctProfSrvcTxt>NONE</PartVIHghstPdCntrctProfSrvcTxt>
      <FiledScheduleAInd>true</FiledScheduleAInd>
    </IRS990EZ>
    <IRS990ScheduleA documentId="RetDoc3">
      <PubliclySupportedOrg509a2Ind>X</PubliclySupportedOrg509a2Ind>
      <GiftsGrantsContrisRcvd509Grp>
        <CurrentTaxYearMinus4YearsAmt>60518</CurrentTaxYearMinus4YearsAmt>
        <CurrentTaxYearMinus2YearsAmt>84690</CurrentTaxYearMinus2YearsAmt>
        <CurrentTaxYearMinus1YearAmt>92125</CurrentTaxYearMinus1YearAmt>
        <CurrentTaxYearAmt>9037</CurrentTaxYearAmt>
        <TotalAmt>246370</TotalAmt>
      </GiftsGrantsContrisRcvd509Grp>
      <Total509Grp>
        <CurrentTaxYearMinus4YearsAmt>60518</CurrentTaxYearMinus4YearsAmt>
        <CurrentTaxYearMinus2YearsAmt>84690</CurrentTaxYearMinus2YearsAmt>
        <CurrentTaxYearMinus1YearAmt>92125</CurrentTaxYearMinus1YearAmt>
        <CurrentTaxYearAmt>9037</CurrentTaxYearAmt>
        <TotalAmt>246370</TotalAmt>
      </Total509Grp>
      <PublicSupportTotal509Amt>246370</PublicSupportTotal509Amt>
      <TotalSupportCalendarYearGrp>
        <CurrentTaxYearMinus4YearsAmt>60518</CurrentTaxYearMinus4YearsAmt>
        <CurrentTaxYearMinus2YearsAmt>84690</CurrentTaxYearMinus2YearsAmt>
        <CurrentTaxYearMinus1YearAmt>92125</CurrentTaxYearMinus1YearAmt>
        <CurrentTaxYearAmt>9037</CurrentTaxYearAmt>
        <TotalAmt>246370</TotalAmt>
      </TotalSupportCalendarYearGrp>
      <PublicSupportCY509Pct>1.00000</PublicSupportCY509Pct>
      <PublicSupportPY509Pct>1.00000</PublicSupportPY509Pct>
      <InvestmentIncomeCYPct>0.00000</InvestmentIncomeCYPct>
      <InvestmentIncomePYPct>0.00000</InvestmentIncomePYPct>
      <ThirtyThrPctSuprtTestsCY509Ind>X</ThirtyThrPctSuprtTestsCY509Ind>
    </IRS990ScheduleA>
    <IRS990ScheduleO documentId="RetDoc2">
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>FORM 990-EZ, PART I, LINE 16</FormAndLineReferenceDesc>
        <ExplanationTxt>EXPENSES MARKETING 166 TRAVEL 476 INSURANCE 1,644 LICENSES AND FEES 144 PROGRAM SERVICES 14,802 TOTAL 17,232</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>FORM 990-EZ, PART I, LINE 20</FormAndLineReferenceDesc>
        <ExplanationTxt>PRIOR PERIOD ADJUSTMENTS 178</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>FORM 990-EZ, PART III</FormAndLineReferenceDesc>
        <ExplanationTxt>TO PROVIDE OPPORTUNITIES FOR EDUCATIONAL ENHANCEMENT AND GROWTH TO YOUTH, FAMILIES AND GROUPS WHO ARE UNDERSERVED, UNDEREDUCATED AND UNDEREMPLOYED THROUGH ENGAGEMENT IN EXPERIENCES THAT NURTURE, SUPPORT AND SUSTAIN HEALTHY LEARNING COMMUNITIES, ENVIRONMENT AND SPIRITUALITY.</ExplanationTxt>
      </SupplementalInformationDetail>
    </IRS990ScheduleO>
  </ReturnData>
</Return>
