The J.M. Kaplan Fund is a family foundation. The four children and seven grandchildren of Jacob M. Kaplan constitute the Fund's Board of Trustees. As of mid-2003, assets are approximately $137 million; grants for the year should total about $6.9 million.
Each of the three programs is undertaken in each of the three areas, though with different emphases and varied allocations. The trustees are particularly interested in proposals that involve more than one program or more than one area.