David L Rae Memorial Fund is a private foundation focused on Human Services, based in RANCHO SANTA FE, CA. IRS filing data is available from 2021 through 2024. As of 2024, the organization holds $77K in total assets. In 2024, it awarded 2 grants totaling $10K. Net investment income was $4K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$77K
+60.5% YoY
Annual Giving
$10K
+0.0% YoY
Grant Count
2
+0.0% YoY
Avg Grant Size
$5K
+0.0% YoY
Under IRS private-foundation payout rules, David L Rae Memorial Fund reported a distributable amount of $2K for 2024 — the minimum it must pay out in qualifying distributions.
About David L Rae Memorial Fund
Based on IRS filings
David L Rae Memorial Fund is a private foundation focused on Human Services, based in RANCHO SANTA FE, CA. IRS filing data is available from 2021 through 2024. As of 2024, the organization holds $77K in total assets. In 2024, it awarded 2 grants totaling $10K. Net investment income was $4K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $77,148 | $48,061 | $20,583 |
| Revenue | $34,345 | $34,435 | $32,985 |
| Expenses | $10,000 | $10,000 | $10,000 |
| Qualifying Distributions | $10,000 | $10,000 | $10,000 |
| Net Investment Income | $4,345 | $3,735 | $985 |
| Distributable Amount | $2,436 | $2,016 | $1,365 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 2 recipients in 2024
Grant Size Distribution
6 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Audrey Hall ($5,000), Leo Grace ($5,000).
| Recipient | Purpose | Amount |
|---|---|---|
| Audrey Hall Ridgewood, NJ | Scholarship applied toward students college expenses | $5,000 |
| Leo Grace Ridgewood, NJ | Scholarship toward students college expenses | $5,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| Katheen W Rae | President | 0.25 | — |
| Caitlin Rae Laipenieks | Vice President | 0.1 | — |
| Patrick A Rae | Secretary | 0.1 | — |
| Christopher D Rae | Treasurer | 0.1 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is David L Rae Memorial Fund?
David L Rae Memorial Fund is a private foundation focused on Human Services, based in RANCHO SANTA FE, CA. It holds $77K in total assets as of 2024.
How large is David L Rae Memorial Fund?
As of 2024, David L Rae Memorial Fund holds $77K in total assets with $34K in annual revenue. It awarded 2 grants totaling $10K in 2024.
Where does David L Rae Memorial Fund operate?
David L Rae Memorial Fund has awarded grants in New Jersey.
What size grants does David L Rae Memorial Fund award?
In 2024, David L Rae Memorial Fund awarded 2 grants totaling $10K — an average of about $5K per grant, based on its IRS Form 990 filings.
How much is David L Rae Memorial Fund required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, David L Rae Memorial Fund reported a distributable amount of $2K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is David L Rae Memorial Fund's EIN?
David L Rae Memorial Fund's EIN (Employer Identification Number) is 87-1537202. IRS Form 990 filing data is available on this page for 2021–2024.
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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