Jack Mary Rains Scholarship Fund

PITTSBURGH, PA EIN: 35-6337707

Jack Mary Rains Scholarship Fund is a private foundation focused on Education, based in PITTSBURGH, PA. IRS filing data is available from 2019 through 2024. As of 2024, the organization holds $350K in total assets. In 2024, it awarded 2 grants totaling $16K. Net investment income was $17K.

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$350K

-0.4% YoY

Annual Giving

$16K

-4.0% YoY

Grant Count

-33.3% YoY

Avg Grant Size

$8K

+44.0% YoY

Under IRS private-foundation payout rules, Jack Mary Rains Scholarship Fund reported a distributable amount of $20K for 2024 — the minimum it must pay out in qualifying distributions.

About Jack Mary Rains Scholarship Fund

Based on IRS filings

Focus Areas

Education

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

Pennsylvania $87K (100%)

States

Indiana Pennsylvania

Cities

MunciePittsburghWest Lafayette

Financial History

Multi-year comparison from IRS filings

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2024	2023	2022
Total Assets	$350,286	$351,662	$362,592
Revenue	$20,382	$10,264	$-11
Expenses	$21,602	$21,516	$29,036
Qualifying Distributions	$17,904	$18,847	$25,475
Net Investment Income	$16,746	$7,199	$5,476
Distributable Amount	$19,987	$18,199	$19,000

Giving Over Time

Total grant dollars and number of grants per year

Grant Insights

How this funder distributes its grants

Top Recipients

Top 2 recipients in 2024

Grant Size Distribution

15 grants across all recorded years

Giving History

Grant recipients and amounts by year

Among its reported 2024 grants, the largest include Abigail Soriano ($7,805), Lucas Legear ($7,805).

Recipient	Purpose	Amount
ABIGAIL SORIANO PITTSBURGH, PA	SCHOLARSHIP	$7,805
LUCAS LEGEAR PITTSBURGH, PA	SCHOLARSHIP	$7,805

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

From 2024 IRS filing

From 2024 filing

Name	Title	Hours	Compensation
PNC BANK NA	TRUSTEE	2	$5,735

Subject Areas

Focus areas based on grantmaking activity

Education

Frequently Asked Questions

What is Jack Mary Rains Scholarship Fund?

Jack Mary Rains Scholarship Fund is a private foundation focused on Education, based in PITTSBURGH, PA. It holds $350K in total assets as of 2024.

How large is Jack Mary Rains Scholarship Fund?

As of 2024, Jack Mary Rains Scholarship Fund holds $350K in total assets with $20K in annual revenue. It awarded 2 grants totaling $16K in 2024.

Where does Jack Mary Rains Scholarship Fund operate?

Jack Mary Rains Scholarship Fund has awarded grants in Indiana, Pennsylvania.

What size grants does Jack Mary Rains Scholarship Fund award?

In 2024, Jack Mary Rains Scholarship Fund awarded 2 grants totaling $16K — an average of about $8K per grant, based on its IRS Form 990 filings.

How much is Jack Mary Rains Scholarship Fund required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2024, Jack Mary Rains Scholarship Fund reported a distributable amount of $20K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.

What is Jack Mary Rains Scholarship Fund's EIN?

Jack Mary Rains Scholarship Fund's EIN (Employer Identification Number) is 35-6337707. IRS Form 990 filing data is available on this page for 2019–2024.