Grassy Creek Foundation
The Grassy Creek Foundation is a private grantmaking foundation established in 2011 and based in Jacksonville, Florida. The foundation takes a venture capital-style approach to philanthropy, focusing on "high risk, high reward" investments in underfunded causes. The foundation emphasizes a selective, hands-on approach with significant involvement in the projects it funds, seeking opportunities with substantial multiplier effects on capital invested.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
—
Annual Giving
$1.6M
+35.8% YoY
Grant Count
7
-22.2% YoY
Avg Grant Size
$230K
+74.6% YoY
Mission & Focus Areas
The Grassy Creek Foundation is dedicated to environmental conservation, wildlife protection, education innovation, and the arts. The foundation invests in opportunities with the potential for significant multiplier effects on capital invested, where implementation risks are mitigated by strong management teams who share the foundation's vision and demonstrate strong alignment of interest.
Primary funding areas include:
- Environmental conservation and wildlife protection
- Water quality and fisheries protection
- Education innovation and career services
- Arts and culture
Grantmaking
The foundation operates on an invitation-only basis with no public application process. Organizations are preselected for funding consideration.
Grant Range
s:**
Average Grant
approximately $132,000
How to Apply
**
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Geographic Focus
Where this funder awards grants
The foundation funds nationally and internationally, with a geographic focus on the United States. Documented funding activity spans from Maine to Florida, with particular activity in Florida, Virginia, Tennessee, and North Carolina.
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | Amount |
|---|---|
| Total Assets | $19,469,766 |
| Annual Giving (2023) | $1,187,904 |
| Total Revenue | -$1,494,888 |
| Total Expenses | $1,741,732 |
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | — | — | — |
| Revenue | — | — | — |
| Expenses | — | — | — |
| Qualifying Distributions | — | — | — |
| Net Investment Income | — | — | — |
| Distributable Amount | — | — | — |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 7 recipients in 2024
Grant Size Distribution
48 grants across all recorded years
Giving History
Grant recipients and amounts by year
No grants recorded for .
Leadership & Key People
Leadership team and compensation from IRS filings
- Chad R Pike – Trustee (1 hour/week)
- Alan Pike – Trustee (1 hour/week)
- Ian Huschle – Trustee (20 hours/week, $50,000 compensation)
- Kateryna Rakowsky – Executive Director (40 hours/week, $250,196 compensation)
- Lisa N Rauck – VP of Finance and Programming (40 hours/week, $125,235 compensation)
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| IAN HUSCHLE | TRUSTEE | 20 | $50,000 |
| CHAD R PIKE | TRUSTEE | 1 | — |
| ALAN PIKE | TRUSTEE | 1 | — |
| KATERYNA RAKOWSKY THRU 424 | EXECUTIVE DIRECTOR - SEE STMT 14 | 40 | $62,019 |
| LISA N RAUCK | VP OF FINANCE AND PROGRAMMING | 40 | $135,125 |
Contact Information
Office Address: 350 Fifth Avenue, Suite 6720 New York, NY 10118
Mailing Address: 221 N Hogan St # 403 Jacksonville, FL 32202
Phone: 917-477-3882
Subject Areas
Focus areas based on grantmaking activity
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Data last updated April 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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