Krupp Family Foundation

Krupp Family Foundation

George and Lizbeth Krupp created the Krupp Family Foundation in 1995, a year when their real-estate operating company was already a substantial force in multifamily housing. The wealth originates from Berkshire Residential Investments, a firm George co-founded that owns and manages apartment communities across eight states including Florida, Texas, and New York. Today the foundation is governed by the founders and the next generation: Liana Krupp serves as President while Michael Krupp acts as Trustee and also runs the George Krupp Family Office. The foundation does not disclose its grantmaking budget or an investable asset figure, but its posture is activist philanthropy — deploying capital to movements that organize for cultural, political, and economic power. While explicitly mission-driven, the family's broader financial architecture remains anchored to real assets. The family's holdings include the Berkshire Residential Investments portfolio, the Lizbeth and George Krupp art collection, and operating investments such as Area Four Restaurant Group. Michael Krupp's membership in the Urban Land Institute and the National Multifamily Housing Council reflects the ongoing connection to the real estate industry that generated the foundation's endowment. Institutional infrastructure at the foundation is deliberately lean and family-driven. Beyond the core team in Boston, the family maintains a parallel foundation — the Phillip & Bernice Krupp Foundation for Jewish Life — and a long-term funding partnership with Combined Jewish Philanthropies. The structural differentiator is the integration of a multi-generational family office within a grantmaking foundation that operates more like a political-empowerment fund than a traditional check-writing charity. Most family foundations preserve wealth for perpetual charitable distributions; the Krupps deploy through a specific power-building thesis while the operating business and investment portfolio continue to compound separately under a distinct family-office structure.