Amb John Rakolta Jr and Terry L Rakolta
Amb John Rakolta Jr and Terry L Rakolta is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in PALM BEACH, FL. IRS filing data is available from 2023 through 2024. As of 2024, the organization holds $20.1M in total assets. In 2024, it awarded 18 grants totaling $513K. Net investment income was $524K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$20.1M
+101.2% YoY
Annual Giving
$513K
Grant Count
18
Avg Grant Size
$28K
Under IRS private-foundation payout rules, Amb John Rakolta Jr and Terry L Rakolta reported a distributable amount of $511K for 2024 — the minimum it must pay out in qualifying distributions.
About Amb John Rakolta Jr and Terry L Rakolta
Based on IRS filings
Amb John Rakolta Jr and Terry L Rakolta is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in PALM BEACH, FL. IRS filing data is available from 2023 through 2024. As of 2024, the organization holds $20.1M in total assets. In 2024, it awarded 18 grants totaling $513K. Net investment income was $524K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 |
|---|---|---|
| Total Assets | $20,143,880 | $10,014,092 |
| Revenue | $10,523,255 | $10,014,092 |
| Expenses | $535,967 | — |
| Qualifying Distributions | $513,940 | — |
| Net Investment Income | $523,500 | $14,092 |
| Distributable Amount | $510,530 | $14,310 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
Grant Size Distribution
18 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Church of Jesus Christ of Latter Day Saints ($299,000), Marquette University ($50,000), Everglades Foundation ($30,000).
| Recipient | Purpose | Amount |
|---|---|---|
| CHURCH OF JESUS CHRIST OF LATTER DAY SAINTS BLOOMFIELD HILLS, MI | TO SUPPORT THE ORGANIZATION'S MISSION. | $299,000 |
| MARQUETTE UNIVERSITY MILWAUKEE, WI | TO SUPPORT THE ORGANIZATION'S MISSION. | $50,000 |
| EVERGLADES FOUNDATION PALMETTO BAY, FL | TO SUPPORT THE ORGANIZATION'S MISSION. | $30,000 |
| THE HUMANE SOCIETY OF THE UNITED STATES WASHINGTON, DC | TO SUPPORT THE ORGANIZATION'S MISSION. | $25,000 |
| BROTHER RICE HIGH SCHOOL BLOOMFIELD HILLS, MI | TO SUPPORT THE ORGANIZATION'S MISSION. | $25,000 |
| UNIVERSTY OF MICHIGAN - EVA FELDMAN ANN ARBOR, MI | TO SUPPORT THE ORGANIZATION'S MISSION. | $20,000 |
| HOUSE OF HOUNDS USA SANTA ROSA, CA | TO SUPPORT THE ORGANIZATION'S MISSION. | $10,000 |
| HENRY FORD HOSPITAL FOUNDATION DETROIT, MI | TO SUPPORT THE ORGANIZATION'S MISSION. | $10,000 |
| HEALTH CORPS INC NEW YORK, NY | TO SUPPORT THE ORGANIZATION'S MISSION. | $5,000 |
| ISRAELI TENNIS & EDUCATION NEW YORK, NY | TO SUPPORT THE ORGANIZATION'S MISSION. | $5,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| JOHN RAKOLTA JR | TRUSTEE | 5 | — |
| TERRY L RAKOLTA | TRUSTEE | 5 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Amb John Rakolta Jr and Terry L Rakolta?
Amb John Rakolta Jr and Terry L Rakolta is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in PALM BEACH, FL. It holds $20.1M in total assets as of 2024.
How large is Amb John Rakolta Jr and Terry L Rakolta?
As of 2024, Amb John Rakolta Jr and Terry L Rakolta holds $20.1M in total assets with $10.5M in annual revenue. It awarded 18 grants totaling $513K in 2024.
Where does Amb John Rakolta Jr and Terry L Rakolta operate?
Amb John Rakolta Jr and Terry L Rakolta has awarded grants in California, District of Columbia, Florida, Indiana, Michigan, New York, Wisconsin.
What size grants does Amb John Rakolta Jr and Terry L Rakolta award?
In 2024, Amb John Rakolta Jr and Terry L Rakolta awarded 18 grants totaling $513K — an average of about $28K per grant, based on its IRS Form 990 filings.
How much is Amb John Rakolta Jr and Terry L Rakolta required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Amb John Rakolta Jr and Terry L Rakolta reported a distributable amount of $511K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Amb John Rakolta Jr and Terry L Rakolta's EIN?
Amb John Rakolta Jr and Terry L Rakolta's EIN (Employer Identification Number) is 93-1516359. IRS Form 990 filing data is available on this page for 2023–2024.
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.