Elias H & Sophie Raymond Scholar
Elias H & Sophie Raymond Scholar is a private foundation focused on Education, based in Dallas, TX. IRS filing data is available from 2021 through 2025. As of 2025, the organization holds $390K in total assets. In 2025, it awarded 2 grants totaling $18K. Net investment income was $33K.
Elias H & Sophie Raymond Scholar at a glance
In short: Elias H & Sophie Raymond Scholar gave $18K across 2 grants in 2025 (avg $9K), mostly in Connecticut. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $18,000
- -10.0% vs 2024
- Grants made (2025)
- 2
- -33.3% vs 2024
- Average grant
- $9,000
- +35.0% vs 2024
- Median grant
- $9,000
- Total assets
- $389,874
- +3.2% vs 2024
- Primary geography
- Connecticut (67% 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 Elias H & Sophie Raymond Scholar funds
How this funder distributes its grants
Top Recipients
Top 2 recipients in 2025
The largest 2025 recipient was University of Connecticut ($12K). Together the top 2 received $18K.
Grant Size Distribution
20 grants across all recorded years
The most common grant size was under $50K: 20 grants of 20 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2025 grant dollars across all 2 itemized grants.
Cities
How Elias H & Sophie Raymond Scholar gives
- Giving held roughly steady from 2022 to 2025 (−18%). Method
- In 2025 it paid out 87% 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 2021 to 2025, annual grant giving ranged from $18K (2025) to $24K (2021). In 2025 it made 2 grants totaling $18K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| University of Connecticut Storrs, CT | Scholarships | $12,000 |
| Bentley University Waltham, MA | Scholarships | $6,000 |
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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 | $389,874 | $36,415 | $24,029 | $18,000 | 2 | $20,112 | $33,029 | $23,138 |
| 2024 | $377,809 | $14,558 | $27,330 | $20,000 | 3 | $23,943 | $10,826 | $21,716 |
| 2023 | $379,306 | $-2,235 | $28,774 | $22,000 | 3 | $23,852 | $6,174 | $20,487 |
| 2022 | $403,607 | $76,711 | $27,921 | $22,000 | 4 | $24,109 | $73,309 | $25,172 |
| 2021 | $414,390 | $27,945 | $30,546 | $24,000 | 8 | — | $25,128 | $23,576 |
Under IRS private-foundation payout rules, Elias H & Sophie Raymond Scholar reported a distributable amount of $23K for 2025 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
Elias H & Sophie Raymond Scholar's only listed officer is Bank Of America, Trustee on every filing since 2022 (compensated).
Officers on the 2025 filing
Bank Of America
Trustee
On filings since 2022
1 hr/week
$4K (2022) → $4K (2025)
Former officers (1)
- Former: Bank Of America N A (2021) — Trustee
Data from IRS Form 990 filings, 2021–2025. "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 $4K, to Bank of America (Trustee).
Frequently asked questions about Elias H & Sophie Raymond Scholar
How much does Elias H & Sophie Raymond Scholar give each year?
Elias H & Sophie Raymond Scholar gave $18K across 2 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $20K across 3 grants.
How large is Elias H & Sophie Raymond Scholar?
Elias H & Sophie Raymond Scholar reported $390K in total assets on its 2025 IRS Form 990-PF. It paid out $20K in qualifying distributions that year, against a required minimum of $23K (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 Elias H & Sophie Raymond Scholar?
Elias H & Sophie Raymond Scholar is a private foundation focused on Education, based in Dallas, TX. It holds $390K in total assets as of 2025.
Where does Elias H & Sophie Raymond Scholar operate?
Elias H & Sophie Raymond Scholar has awarded grants in Connecticut, Florida, Massachusetts, Maryland, New Jersey, New York, Pennsylvania.
What is Elias H & Sophie Raymond Scholar's EIN?
Elias H & Sophie Raymond Scholar's EIN (Employer Identification Number) is 32-0036617. IRS Form 990 filing data is available on this page for 2021–2025.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(1)
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2021–2025
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