Charles and Patricia Rasmussen Family Foundation
The Charles and Patricia Rasmussen Family Foundation is a private foundation based in Valencia, California. Its 2025 filing reports grants to charitable organizations, with all listed grant dollars going to recipients in California.
Key facts about Charles and Patricia Rasmussen Family Foundation
In short: Charles and Patricia Rasmussen Family Foundation gave $186K across 17 grants in 2025 (avg $11K), mostly in California. 59% of 2025 grantees were new. Source: 2025 IRS Form 990-PF.
- EIN
- 87-0753737
- Latest 990 filing
- Form 990-PF, 2025
- Annual giving (2025)
- $186,247
- Grants made (2025)
- 17
- Average grant
- $10,956
- Median grant
- $5,000
- New grantees (estimate)
- 59% first-time grantees (10 of 17, 2025; small sample)
- Total assets
- $2,520,475
- Primary geography
- California (100% of itemized 2025 grant dollars)
- Accepts unsolicited proposals
- No
- How to apply
- The foundation does not accept unsolicited requests for funds and states that it makes contributions only to preselected charitable organizations. Full details ↓
Data from IRS Form 990-PF, 2025; updated October 2026. New grantees are estimated by matching recipient names across years (methodology). Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.
Financial Overview
From 2025 IRS Form 990-PF · View filing
Total Assets
$2.5M
+2.0% YoY
Annual Giving
$186K
+88.4% YoY
Grant Count
17
-5.6% YoY
Avg Grant Size
$11K
+99.5% YoY
Under IRS private-foundation payout rules, Charles and Patricia Rasmussen Family Foundation reported a distributable amount of $120K for 2025 — the minimum it must pay out in qualifying distributions.
Is Charles and Patricia Rasmussen Family Foundation open to new grantees?
59%
first-time grantees, 2025
In 2025, 10 of 17 grantees (59%) were first-time recipients. With only 17 grantees, that is a small sample: one grantee more or less moves the share by about 6 points. First grants averaged $10K; repeat grants $12K. How we count
Medians: $4K first-time, $5K repeat.
- 18% of 2025 grantees were also funded in 2024. Method
- Giving grew 149% from 2022 to 2025. Method
- In 2025 it paid out 168% of its IRS minimum distribution (the 5% rule). Method
Estimate from itemized grant lists in IRS Form 990-PF filings (2020–2025). Recipient names are matched across years, so a renamed or misspelled grantee can look new; grants to individuals are left out. Methodology.
Mission & Focus Areas
No mission statement for the foundation is provided. Its 2025 grants included support for organizations whose own missions address local history, equestrian therapy and vocational training for young people with special needs, support for single-parent families, housing and resiliency for veterans and their families, ALS care and research, and community-college resources. These are the grantees’ stated missions, not stated priorities of the foundation.
Grantmaking
In 2025, the foundation awarded 17 grants totaling $186,247. Grant amounts ranged from $500 to $50,000, with a median of $5,000.
Among the largest grants were $50,000 to Grace Brethren School; $30,000 to Santa Clarita Valley Historical Society; $28,250 to Carousel Ranch; $25,000 to Single Mothers Outreach; and $15,000 to Henry Mayo Hospital. Other listed grants included $10,000 to SCV Scholarship Foundation, $6,800 to Boys Girls Club, and $6,280 to Mustang Mend.
The Santa Clarita Valley Historical Society describes its mission as preserving and sharing the culture and history of the Santa Clarita Valley. Carousel Ranch says it works to improve the lives of children and young adults with special needs through equestrian therapy and vocational training. Single Mothers Outreach says it empowers single parents and their children with hope, support, and resources so families can become self-sustaining.
How to Apply
The foundation does not accept unsolicited requests for funds and states that it makes contributions only to preselected charitable organizations.
Ready to take the next step with Charles and Patricia Rasmussen Family Foundation?
Geographic Focus
Where this funder awards grants
All grant dollars reported for 2025 went to recipients in California.
Grant Distribution by State
Share of 2025 grant dollars across all 17 itemized grants.
Cities
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2025, annual grant giving ranged from $26K (2020) to $186K (2025). In 2025 it made 17 grants totaling $186K.
Grant Insights
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2025
The largest 2025 recipient was Grace Brethren School ($50K). Together the top 10 received $178K.
Grant Size Distribution
74 grants across all recorded years
The most common grant size was under $50K: 73 grants of 74 (99%).
Giving History
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Grace Brethren School Simi Valley, CA | Community Programs and services | $50,000 |
| Santa Clarita Valley Historical Society Newhall, CA | Community programs and services | $30,000 |
| Carousel Ranch Santa Clarita, CA | Community Programs and services | $28,250 |
| Single Mothers Outreach Vaelncia, CA | Community Programs and services | $25,000 |
| Henry Mayo Hospital Valencia, CA | Community Programs and services | $15,000 |
| SCV Scholarship Foundation Santa Clarita, CA | Community Programs and services | $10,000 |
| Boys Girls Club Santa Clarita, CA | Education and youth programs | $6,800 |
| Mustang Mend Santa Clarita, CA | Community Programs and services | $6,280 |
| Stars and Stripes Foundation Irvine, CA | Community Programs and services | $5,000 |
| Fillmore Girls Softball Fillmore, CA | Education and youth programs | $2,000 |
Financial History
Multi-year comparison from IRS filings
| Filing year | Assets | Revenue | Expenses | Grants | Grant count |
|---|---|---|---|---|---|
| 2025 | $2,520,475 | $163,919 | $222,439 | $186,247 | 17 |
| 2024 | $2,470,259 | $140,922 | $126,480 | $98,859 | 18 |
| 2023 | $2,276,952 | $85,714 | $146,272 | $106,040 | 17 |
| Metric | 2025 | 2024 | 2023 |
|---|---|---|---|
| Total Assets | $2,520,475 | $2,470,259 | $2,276,952 |
| Revenue | $163,919 | $140,922 | $85,714 |
| Expenses | $222,439 | $126,480 | $146,272 |
| Qualifying Distributions | $201,231 | $98,859 | $106,040 |
| Net Investment Income | $151,920 | $140,922 | $85,714 |
| Distributable Amount | $119,765 | $117,559 | $106,822 |
Data update history
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2020 (received by the IRS November 15, 2021)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS November 16, 2022)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS November 15, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS November 14, 2024)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS November 15, 2025)
- Added Form 990-PF for fiscal year 2025 (received by the IRS May 15, 2026)
Leadership & Key People
Leadership team and compensation from IRS filings
The 2025 filing lists Taylor Rasmussen, Stephen Rasmussen, Casey Rasmussen, and Adam Rasmussen as trustees, and Patricia Rasmussen as vice president.
Charles and Patricia Rasmussen Family Foundation's 2025 filing lists 5 officers; 1 of 5 officers listed in 2025 is compensated.
Officers on the 2025 filing
Adam Rasmussen
Trustee
On filings since 2020
0 hrs/week
No compensation reported
Casey Rasmussen
Trustee
On filings since 2020
0 hrs/week
No compensation reported
Stephen Rasmussen
Trustee
On filings since 2020
0 hrs/week
No compensation reported
Taylor Rasmussen
Trustee
On filings since 2020
0 hrs/week
No compensation reported
Patricia Rasmussen
Vice President
On filings since 2020
10 hrs/week
$5K (2022) → $15K (2025)
Former officers (3)
- Former: Lisa Dubois (2021–2024) — Accounting
- Former: Charles Rasmussen (2020) — President
- Former: Lisa Punches (2020) — Secretary Treasurer
Data from IRS Form 990 filings, 2020–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Compensation Overview
From 2025 IRS filing
The highest reported compensation on the 2025 filing was $15K, to Patricia Rasmussen (Vice President).
Contact
Mailing address: 28548 Livingston Ave, Valencia, CA 91355
Phone: (661) 367-9040
Frequently asked questions about Charles and Patricia Rasmussen Family Foundation
How much does Charles and Patricia Rasmussen Family Foundation give each year?
Charles and Patricia Rasmussen Family Foundation gave $186K across 17 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $99K across 18 grants.
What is Charles and Patricia Rasmussen Family Foundation's typical grant size?
Charles and Patricia Rasmussen Family Foundation's median grant in 2025 was $5,000, and its average grant was $10,956, across 17 grants on its 2025 IRS Form 990-PF. Organizations receiving their first grant from Charles and Patricia Rasmussen Family Foundation that year got $10K on average.
Where does Charles and Patricia Rasmussen Family Foundation give grants?
Charles and Patricia Rasmussen Family Foundation gives mostly in California: 100% of the grant dollars itemized on its 2025 IRS Form 990-PF went to recipients there. The most frequent recipient cities were Santa Clarita, CA (4 grants), Simi Valley, CA (2 grants), Newhall, CA (2 grants) and Woodland Hills, CA (2 grants).
Does Charles and Patricia Rasmussen Family Foundation give general operating support?
Not in 2025: none of the 17 grants with a stated purpose on Charles and Patricia Rasmussen Family Foundation's 2025 IRS Form 990-PF were described as general or operating support. Recurring purposes include "Community programs and services" (13 grants) and "Education and youth programs" (4 grants).
Who are Charles and Patricia Rasmussen Family Foundation's largest grantees?
Charles and Patricia Rasmussen Family Foundation's largest 2025 grantees include Grace Brethren School ($50,000), Santa Clarita Valley Historical Society ($30,000) and Carousel Ranch ($28,250), according to its 2025 IRS Form 990-PF. Together they received 58% of its itemized 2025 grant dollars.
How large is Charles and Patricia Rasmussen Family Foundation?
Charles and Patricia Rasmussen Family Foundation reported $2.5M in total assets on its 2025 IRS Form 990-PF. It paid out $201K in qualifying distributions that year, against a required minimum of $120K (roughly 5% of its investment assets).
What does Charles and Patricia Rasmussen Family Foundation fund?
No mission statement for the foundation is provided. See mission & focus areas ↑
How do I apply for a grant from Charles and Patricia Rasmussen Family Foundation?
The foundation does not accept unsolicited requests for funds and states that it makes contributions only to preselected charitable organizations. Eligibility and process details are in the grantmaking section of this profile. See how to apply ↑
What is Charles and Patricia Rasmussen Family Foundation's EIN?
Charles and Patricia Rasmussen Family Foundation's EIN (Employer Identification Number) is 87-0753737. IRS Form 990 filing data is available on this page for 2020–2025.
Does Charles and Patricia Rasmussen Family Foundation accept unsolicited proposals?
No, according to Grantable's research on the foundation's published guidelines. See how to apply ↑
Data last updated October 2026. Sourced from IRS Form 990-PF filings. Research dossier generated September 2026.
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