The Krell Foundation will operate in perpetuity. All funds distributed, including operating expenses, will be made in the amount of approximately five percent of its asset value each year.
The Trustees of the Foundation have management responsibility for the operation of the Foundation, investment of its assets, and responsibility for approving funding or grants to be made by the Foundation within specified charitable purposes.
The program goals reflect the strategic direction of the Foundation. These goals are based upon the Foundation's charitable purposes which are not all encompassing but rather reflect the Krells' interests.