David & Kim Rainbolt Foundation
David & Kim Rainbolt Foundation is a private foundation, based in Oklahoma City, OK. IRS filing data is available from 2019 through 2025. As of 2025, the organization holds $816K in total assets. In 2025, it awarded 6 grants totaling $35K. Net investment income was $54K.
David & Kim Rainbolt Foundation at a glance
In short: David & Kim Rainbolt Foundation gave $35K across 6 grants in 2025 (avg $6K), mostly in Oklahoma. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $35,000
- -27.1% vs 2024
- Grants made (2025)
- 6
- -33.3% vs 2024
- Average grant
- $5,833
- +9.4% vs 2024
- Median grant
- $2,750
- Total assets
- $815,953
- +2.0% vs 2024
- Primary geography
- Oklahoma (100% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990-PF, 2025 View filing
Data from IRS Form 990-PF, 2025; updated September 2026.
Who David & Kim Rainbolt Foundation funds
How this funder distributes its grants
Top Recipients
Top 6 recipients in 2025
The largest 2025 recipient was Ou Foundation ($25K). Together the top 6 received $35K.
Grant Size Distribution
44 grants across all recorded years
The most common grant size was under $50K: 44 grants of 44 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2025 grant dollars across all 6 itemized grants.
Cities
How David & Kim Rainbolt Foundation gives
- Giving held roughly steady from 2022 to 2025 (+10%). Method
- In 2025 it paid out 94% of its IRS minimum distribution (the 5% rule). Foundations have until the end of the next year to meet it. Method
From the foundation's IRS Form 990-PF filings. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2019 to 2025, annual grant giving ranged from $29K (2019) to $48K (2024). In 2025 it made 6 grants totaling $35K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Ou Foundation Norman, OK | Financial Support | $25,000 |
| OKC Philharmonic Oklahoma City, OK | Financial Support | $3,000 |
| St Luke's Methodist Church Oklahoma City, OK | Financial Support | $3,000 |
| OKC Metro Alliance Oklahoma City, OK | Financial Support | $2,500 |
| Allied Arts Oklahoma City, OK | Financial Support | $1,000 |
| Oklahoma City Ballet Oklahoma City, OK | Financial Support | $500 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Net Investment Income | Distributable Amount |
|---|---|---|---|---|---|---|---|---|
| 2025 | $815,953 | $54,337 | $38,044 | $35,000 | 6 | $36,127 | $53,961 | $38,575 |
| 2024 | $799,660 | $53,569 | $52,319 | $48,000 | 9 | $49,110 | $53,199 | $37,736 |
| 2023 | $798,410 | $52,783 | $41,092 | $36,250 | 11 | $37,354 | $52,416 | $39,334 |
| 2022 | $786,719 | $49,954 | $33,138 | $31,750 | 8 | $32,791 | $49,607 | $40,296 |
| 2021 | $769,903 | $48,608 | $39,231 | $37,250 | 10 | $38,219 | $48,285 | $39,664 |
| 2020 | $760,525 | $47,047 | $40,131 | $37,500 | 12 | — | $46,706 | $38,967 |
| 2019 | $753,379 | $814 | $31,136 | $28,500 | 8 | — | $30,972 | $37,371 |
Under IRS private-foundation payout rules, David & Kim Rainbolt Foundation reported a distributable amount of $39K for 2025 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
David & Kim Rainbolt Foundation is led by Kim Rainbolt, President on every filing since 2019; none of the 4 officers listed in 2025 report compensation.
Officers on the 2025 filing
Kim Rainbolt
President
On filings since 2019
No compensation reported
Adam Rainbolt
Director
On filings since 2019
No compensation reported
Jay Hannah
Director
On filings since 2019
No compensation reported
David Rainbolt
Vice President, Secretary & Treasurer
On filings since 2019
No compensation reported
Data from IRS Form 990 filings, 2019–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Frequently asked questions about David & Kim Rainbolt Foundation
How much does David & Kim Rainbolt Foundation give each year?
David & Kim Rainbolt Foundation gave $35K across 6 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $48K across 9 grants.
What is David & Kim Rainbolt Foundation's typical grant size?
David & Kim Rainbolt Foundation's median grant in 2025 was $2,750, and its average grant was $5,833, across 6 grants on its 2025 IRS Form 990-PF.
Where does David & Kim Rainbolt Foundation give grants?
David & Kim Rainbolt Foundation gives mostly in Oklahoma: 100% of the grant dollars itemized on its 2025 IRS Form 990-PF went to recipients there. The most frequent recipient cities were Oklahoma City, OK (5 grants).
Does David & Kim Rainbolt Foundation give general operating support?
Not in 2025: none of the 6 grants with a stated purpose on David & Kim Rainbolt Foundation's 2025 IRS Form 990-PF were described as general or operating support. Recurring purposes include "Financial Support" (6 grants).
Who are David & Kim Rainbolt Foundation's largest grantees?
David & Kim Rainbolt Foundation's largest 2025 grantees include Ou Foundation ($25,000), OKC Philharmonic ($3,000) and St Luke's Methodist Church ($3,000), according to its 2025 IRS Form 990-PF. Together they received 89% of its itemized 2025 grant dollars.
How large is David & Kim Rainbolt Foundation?
David & Kim Rainbolt Foundation reported $816K in total assets on its 2025 IRS Form 990-PF. It paid out $36K in qualifying distributions that year, against a required minimum of $39K (roughly 5% of its investment assets). Falling short in one year is not a violation: foundations have until the end of the next year to meet the minimum.
What is David & Kim Rainbolt Foundation's EIN?
David & Kim Rainbolt Foundation's EIN (Employer Identification Number) is 20-8018384. IRS Form 990 filing data is available on this page for 2019–2025.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(7)
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2024 (received by the IRS May 14, 2025)
- Updated Form 990-PF for fiscal year 2025 (received by the IRS May 28, 2026)
- Added Form 990-PF for fiscal year 2019 (received by the IRS May 12, 2020)
- Updated Form 990-PF for fiscal year 2020 (received by the IRS May 14, 2021)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS May 23, 2022)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS May 15, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS May 3, 2024)
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