Irving S Ray & Ada H Ray Memorial Fund
Irving S Ray & Ada H Ray Memorial Fund is a private foundation, based in Portland, ME. IRS filing data is available from 2020 through 2025. As of 2025, the organization holds $391K in total assets. In 2025, it awarded 5 grants totaling $40K. Net investment income was $31K.
Irving S Ray & Ada H Ray Memorial Fund at a glance
In short: Irving S Ray & Ada H Ray Memorial Fund gave $40K across 5 grants in 2025 (avg $8K), mostly in Maine. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $39,725
- +11.1% vs 2024
- Grants made (2025)
- 5
- +0.0% vs 2024
- Average grant
- $7,945
- +11.1% vs 2024
- Median grant
- $6,521
- Total assets
- $391,241
- -3.1% vs 2024
- Primary geography
- Maine (84% 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 Irving S Ray & Ada H Ray Memorial Fund funds
How this funder distributes its grants
Top Recipients
Top 5 recipients in 2025
The largest 2025 recipient was Town of Gouldsboro ($20K). Together the top 5 received $40K.
Grant Size Distribution
25 grants across all recorded years
The most common grant size was under $50K: 25 grants of 25 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2025 grant dollars across all 5 itemized grants.
Cities
How Irving S Ray & Ada H Ray Memorial Fund gives
- Giving held roughly steady from 2022 to 2025 (+2%). Method
- In 2025 it paid out 100% of its IRS minimum distribution (the 5% rule). 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 2020 to 2025, annual grant giving ranged from $32K (2020) to $40K (2025). In 2025 it made 5 grants totaling $40K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Town of Gouldsboro Prospect Harbor, ME | Financial Support | $19,862 |
| Northern Light Maine Coast Hospital Bangor, ME | Financial Support | $6,521 |
| Mount Desert Island Hospital Bar Harbor, ME | Financial Support | $6,521 |
| Shriners Hospitals for Children Atlanta, GA | Financial Support | $6,521 |
| Prospect Harbor Methodist Church Prospect Harbor, ME | Financial Support | $300 |
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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 | $391,241 | $40,150 | $52,959 | $39,725 | 5 | $42,954 | $31,149 | $42,846 |
| 2024 | $403,837 | $55,619 | $47,480 | $35,759 | 5 | $35,959 | $44,291 | $39,925 |
| 2023 | $395,620 | $26,996 | $45,963 | $35,353 | 5 | $35,753 | $16,185 | $36,157 |
| 2022 | $414,562 | $28,188 | $50,918 | $38,880 | 5 | $39,982 | $18,606 | $36,457 |
| 2021 | $437,458 | $51,034 | $44,137 | $32,639 | 5 | $32,989 | $40,128 | $39,231 |
| 2020 | $430,598 | $35,055 | $42,471 | $31,805 | 5 | — | $23,339 | $33,163 |
Under IRS private-foundation payout rules, Irving S Ray & Ada H Ray Memorial Fund reported a distributable amount of $43K for 2025 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
Irving S Ray & Ada H Ray Memorial Fund's 2025 filing lists 3 officers; 1 of 3 officers listed in 2025 is compensated.
Officers on the 2025 filing
Hm Payson Co
Trustee
On filings since 2020
1 hr/week
$2K (2020) → $11K (2025)
David R Hines
Trustee
On filings since 2024
1 hr/week
No compensation reported
John S Beliveau
Trustee
On filings since 2024
1 hr/week
No compensation reported
Former officers (2)
- Former: Joel Harris (2020–2023) — Trustee
- Former: Michael R. Currie (2020–2023) — Trustee
Data from IRS Form 990 filings, 2020–2025. "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 $11K, to HM Payson CO (Trustee).
Frequently asked questions about Irving S Ray & Ada H Ray Memorial Fund
How much does Irving S Ray & Ada H Ray Memorial Fund give each year?
Irving S Ray & Ada H Ray Memorial Fund gave $40K across 5 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $36K across 5 grants.
What is Irving S Ray & Ada H Ray Memorial Fund's typical grant size?
Irving S Ray & Ada H Ray Memorial Fund's median grant in 2025 was $6,521, and its average grant was $7,945, across 5 grants on its 2025 IRS Form 990-PF.
Where does Irving S Ray & Ada H Ray Memorial Fund give grants?
Irving S Ray & Ada H Ray Memorial Fund gives mostly in Maine: 84% of the grant dollars itemized on its 2025 IRS Form 990-PF went to recipients there. The next largest state was Georgia (16%). The most frequent recipient cities were Prospect Harbor, ME (2 grants).
Does Irving S Ray & Ada H Ray Memorial Fund give general operating support?
Not in 2025: none of the 5 grants with a stated purpose on Irving S Ray & Ada H Ray Memorial Fund's 2025 IRS Form 990-PF were described as general or operating support. Recurring purposes include "Financial Support" (5 grants).
Who are Irving S Ray & Ada H Ray Memorial Fund's largest grantees?
Irving S Ray & Ada H Ray Memorial Fund's largest 2025 grantees include Town of Gouldsboro ($19,862), Northern Light Maine Coast Hospital ($6,521) and Mount Desert Island Hospital ($6,521), according to its 2025 IRS Form 990-PF. Together they received 83% of its itemized 2025 grant dollars.
How large is Irving S Ray & Ada H Ray Memorial Fund?
Irving S Ray & Ada H Ray Memorial Fund reported $391K in total assets on its 2025 IRS Form 990-PF. It paid out $43K in qualifying distributions that year, against a required minimum of $43K (roughly 5% of its investment assets).
What is Irving S Ray & Ada H Ray Memorial Fund's EIN?
Irving S Ray & Ada H Ray Memorial Fund's EIN (Employer Identification Number) is 01-6059686. IRS Form 990 filing data is available on this page for 2020–2025.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(6)
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2020 (received by the IRS May 3, 2021)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS May 12, 2022)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS May 11, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS May 2, 2024)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS May 13, 2025)
- Added Form 990-PF for fiscal year 2025 (received by the IRS May 5, 2026)
Live grants for the work Irving S Ray & Ada H Ray Memorial Fund funds
Philanthropy, Voluntarism & Grantmaking Open opportunities, soonest deadline first.
- Nixa Affiliate Grantmaking Program Up to US $10,000 · Due October 19, 2026
- Community and School Grants $28,000 total pool; 10-15 grants expected · Due October 19, 2026
- Mary Pinola/Crescenta Valley Chamber Education Fund $500 - $5,000 for ongoing programs; up to $15,000 for Strategic Initiative Grants · Due October 19, 2026
Explore Open Grants
Browse active grant opportunities in Irving S Ray & Ada H Ray Memorial Fund's focus areas in our free grants database
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