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.
Key facts about Grassy Creek Foundation
- EIN
- 45-6614724
- Latest 990 filing
- Form 990-PF, 2024
- Annual giving (2024)
- $1,612,987
- Grants made (2024)
- 7
- Average grant
- $230,427
- Median grant
- $40,000
- Primary geography
- North Carolina (82% of itemized 2024 grant dollars)
- How to apply
- The foundation operates on an invitation-only basis with no public application process. Full details ↓
Data from IRS Form 990-PF, 2024; updated September 2026. Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.
Who Grassy Creek Foundation funds
By grant dollars, the top recipient states for Grassy Creek Foundation's 7 itemized 2024 grants were North Carolina (82%), Florida (9%) and Oregon (6%). None of its 7 grants with a stated purpose were described as general or operating support.
How Grassy Creek Foundation gives
- Giving grew 90% from 2021 to 2024. Method
From the foundation's IRS Form 990-PF filings. Methodology.
Next steps with Grassy Creek Foundation
- How to evaluate Grassy Creek Foundation as a funder
Our grant prospecting guide: read the 990-PF, check fit, and decide whether to apply.
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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
Grant Range
s:**
Average Grant
approximately $132,000
How to Apply
**
Ready to take the next step with Grassy Creek Foundation?
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
Share of all 7 itemized 2024 grant dollars.
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 | — | — | — |
Data update history
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2019–2024
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
Among its reported 2024 grants, the largest recipients include UNC Goanywhere ($1,319,001), OCEANAID360 ($107,664), Wild Salmon Center ($100,000).
| Recipient | Purpose | Amount |
|---|---|---|
| UNC GOANYWHERE Chapel Hill, NC | HONORS CAROLINA CAREER SERVICES PROGRAMMING & STAFFING | $1,319,001 |
| OCEANAID360 St Petersburg, FL | MARINE DEBRIS CLEAN UP EVENTS IN FLORIDA AND THE BAHAMAS | $107,664 |
| WILD SALMON CENTER Portland, OR | WEST SUSITNA INDUSTRIAL ACCESS ROAD CAMPAIGN | $100,000 |
| ATLANTIC SALMON FEDERATION (ASF) Calais, ME | GREENLAND PROGRAMMING | $40,000 |
| ODA FOUNDATION Ft Lauderdale, FL | KARNALI RATNA INITIATIVES | $31,322 |
| BONEFISH & TARPON TRUST (BTT) Miami, FL | BAHAMAS MANGROVE PROJECT | $10,000 |
| GD RADIO East Hampton, CT | GLOBAL OUTREACH PROGRAM | $5,000 |
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 IRS 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
Frequently Asked Questions
What does Grassy Creek Foundation fund?
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 fis…
How do I apply for a grant from Grassy Creek Foundation?
The foundation operates on an invitation-only basis with no public application process. Eligibility and process details are in the grantmaking section of this profile. See how to apply ↑
Where does Grassy Creek Foundation make 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.
What size grants does Grassy Creek Foundation award?
In 2024, Grassy Creek Foundation awarded 7 grants totaling $1.6M — an average of about $230K per grant, based on its IRS Form 990 filings.
What is Grassy Creek Foundation's EIN?
Grassy Creek Foundation's EIN (Employer Identification Number) is 45-6614724. IRS Form 990 filing data is available on this page for 2019–2024.
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Data last updated September 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.