J Richard Raeder Foundation

Foundation · Grantmaker PENNINGTON, NJ EIN: 30-6582191

J Richard Raeder Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in PENNINGTON, NJ. IRS filing data is available from 2019 through 2024. As of 2024, the organization holds $1.3M in total assets. In 2024, it awarded 4 grants totaling $51K. Net investment income was $132K.

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$1.3M

+5.5% YoY

Annual Giving

$51K

-4.2% YoY

Grant Count

+0.0% YoY

Avg Grant Size

$13K

-4.2% YoY

Under IRS private-foundation payout rules, J Richard Raeder Foundation reported a distributable amount of $68K for 2024 — the minimum it must pay out in qualifying distributions.

About J Richard Raeder Foundation

Based on IRS filings

Focus Areas

Philanthropy, Voluntarism & Grantmaking

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

Ohio $194K (75%)

Florida $47K (18%)

New York $18K (7%)

States

Florida New York Ohio

Cities

ClevelandFort Walton BeachFt Walton BchStaten IslandWooster

Financial History

Multi-year comparison from IRS filings

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2024	2023	2022
Total Assets	$1,299,304	$1,232,047	$1,204,512
Revenue	$140,882	$100,027	$41,084
Expenses	$73,511	$72,148	$81,602
Qualifying Distributions	$62,852	$63,849	$69,791
Net Investment Income	$132,144	$89,998	$32,399
Distributable Amount	$68,266	$61,611	$64,778

Giving Over Time

Total grant dollars and number of grants per year

Grant Insights

How this funder distributes its grants

Top Recipients

Top 4 recipients in 2024

Grant Size Distribution

22 grants across all recorded years

Giving History

Grant recipients and amounts by year

Among its reported 2024 grants, the largest include Lifecare Hospice ($25,416), Case Western Reserve ($12,708), Stephen Siller Tunnel to Towers Foundati ($6,354).

Recipient	Purpose	Amount
STEPHEN SILLER TUNNEL TO TOWERS FOUNDATI STATEN ISLAND, NY	GENERAL OPERATING	$6,354
CASE WESTERN RESERVE CLEVELAND, OH	GENERAL OPERATING	$12,708
LIFECARE HOSPICE WOOSTER, OH	GENERAL OPERATING	$25,416
SAVE OUR CATS AND KITTENS INC FT WALTON BCH, FL	GENERAL OPERATING	$6,354

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

From 2024 IRS filing

From 2024 filing

Name	Title	Hours	Compensation
BANK OF AMERICA N A	TRUSTEE	2	$19,700

Subject Areas

Focus areas based on grantmaking activity

Philanthropy, Voluntarism & Grantmaking

Frequently Asked Questions

What is J Richard Raeder Foundation?

J Richard Raeder Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in PENNINGTON, NJ. It holds $1.3M in total assets as of 2024.

How large is J Richard Raeder Foundation?

As of 2024, J Richard Raeder Foundation holds $1.3M in total assets with $141K in annual revenue. It awarded 4 grants totaling $51K in 2024.

Where does J Richard Raeder Foundation operate?

J Richard Raeder Foundation has awarded grants in Florida, New York, Ohio.

What size grants does J Richard Raeder Foundation award?

In 2024, J Richard Raeder Foundation awarded 4 grants totaling $51K — an average of about $13K per grant, based on its IRS Form 990 filings.

How much is J Richard Raeder Foundation required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2024, J Richard Raeder Foundation reported a distributable amount of $68K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.