Charles and Patricia Rasmussen Family Foundation
Charles and Patricia Rasmussen Family Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in VALENCIA, CA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $2.5M in total assets. In 2024, it awarded 18 grants totaling $99K. Net investment income was $141K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$2.5M
+8.5% YoY
Annual Giving
$99K
-6.8% YoY
Grant Count
18
+5.9% YoY
Avg Grant Size
$5K
-12.0% YoY
Under IRS private-foundation payout rules, Charles and Patricia Rasmussen Family Foundation reported a distributable amount of $118K for 2024 — the minimum it must pay out in qualifying distributions.
About Charles and Patricia Rasmussen Family Foundation
Based on IRS filings
Charles and Patricia Rasmussen Family Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in VALENCIA, CA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $2.5M in total assets. In 2024, it awarded 18 grants totaling $99K. Net investment income was $141K.
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 | 2022 |
|---|---|---|---|
| Total Assets | $2,470,259 | $2,276,952 | $2,154,420 |
| Revenue | $140,922 | $85,714 | $111,834 |
| Expenses | $126,480 | $146,272 | $97,910 |
| Qualifying Distributions | $98,859 | $106,040 | $74,750 |
| Net Investment Income | $140,922 | $85,714 | $111,834 |
| Distributable Amount | $117,559 | $106,822 | $109,705 |
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
67 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Carousel Ranch ($17,083), Homes 4 Families ($16,000), Grace Brethern Church of Simi Valle ($12,860).
| Recipient | Purpose | Amount |
|---|---|---|
| SCTV Santa Clarita, CA | Community programs and services | $5,000 |
| Triumph Foundation Valencia, CA | Community Programs and Services | $1,500 |
| The Painted Turtle Santa Monica, CA | Community services | $5,000 |
| Snap Sports Valencia, CA | Community services | $1,000 |
| Santa Clarita Valley Historical Society Newhall, CA | Community programs and services | $1,000 |
| John Storhouse Newbury Park, CA | Education and youth programs | $2,500 |
| Friends of Heart Park Newhall, CA | Community Programs and Services | $750 |
| CAUSE Whittier, CA | Special Education and youth programs | $1,000 |
| Boys and Girls Club Santa Clarita, CA | donation provided | $5,036 |
| Grace Brethern Church of Simi Valle Simi Valley, CA | donation provided | $12,860 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| Taylor Rasmussen | Trustee | 0.04 | — |
| Stephen Rasmussen | Trustee | 0.04 | — |
| Casey Rasmussen | Trustee | 0.04 | — |
| Adam Rasmussen | Trustee | 0.04 | — |
| Patricia Rasmussen | Vice President | 10 | $8,760 |
| Lisa Dubois | Accounting | 4 | $5,625 |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Charles and Patricia Rasmussen Family Foundation?
Charles and Patricia Rasmussen Family Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in VALENCIA, CA. It holds $2.5M in total assets as of 2024.
How large is Charles and Patricia Rasmussen Family Foundation?
As of 2024, Charles and Patricia Rasmussen Family Foundation holds $2.5M in total assets with $141K in annual revenue. It awarded 18 grants totaling $99K in 2024.
Where does Charles and Patricia Rasmussen Family Foundation operate?
Charles and Patricia Rasmussen Family Foundation has awarded grants in California, Colorado, South Carolina, Tennessee.
What size grants does Charles and Patricia Rasmussen Family Foundation award?
In 2024, Charles and Patricia Rasmussen Family Foundation awarded 18 grants totaling $99K — an average of about $5K per grant, based on its IRS Form 990 filings.
How much is Charles and Patricia Rasmussen Family Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Charles and Patricia Rasmussen Family Foundation reported a distributable amount of $118K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
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 2020–2024.
Explore Open Grants
Browse active grant opportunities in Charles and Patricia Rasmussen Family Foundation's focus areas in our free grants database
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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