Joan C Ray Charitable Foundation
Joan C Ray Charitable Foundation is a private foundation, based in Phoenix, AZ. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $699K in total assets. In 2024, it awarded 7 grants totaling $38K. Net investment income was $23K.
Joan C Ray Charitable Foundation at a glance
In short: Joan C Ray Charitable Foundation gave $38K across 7 grants in 2024 (avg $5K), mostly in Arizona. Source: 2024 IRS Form 990-PF.
- Annual giving (2024)
- $37,500
- -2.8% vs 2023
- Grants made (2024)
- 7
- -12.5% vs 2023
- Average grant
- $5,357
- +11.0% vs 2023
- Median grant
- $4,700
- Total assets
- $699,264
- -2.1% vs 2023
- Primary geography
- Arizona (87% of itemized 2024 grant dollars)
- Latest 990 filing
- Form 990-PF, 2024 View filing
Data from IRS Form 990-PF, 2024; updated October 2026.
Who Joan C Ray Charitable Foundation funds
How this funder distributes its grants
Top Recipients
Top 7 recipients in 2024
The largest 2024 recipient was The Foster Alliance ($7K). Together the top 7 received $38K.
Grant Size Distribution
34 grants across all recorded years
The most common grant size was under $50K: 34 grants of 34 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2024 grant dollars across all 7 itemized grants.
Cities
How Joan C Ray Charitable Foundation gives
- Giving held roughly steady from 2021 to 2024 (+7%). Method
- In 2024 it paid out 100% of its IRS minimum distribution (the 5% rule). Foundations have until the end of the next year to meet it. 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 2024, annual grant giving ranged from $35K (2021) to $42K (2022). In 2024 it made 7 grants totaling $38K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| The Foster Alliance Phoenix, AZ | Charitable Purpose | $7,000 |
| Free Arts for Abused Children of Arizona Phoenix, AZ | Charitable Purpose | $7,000 |
| Juvenile Diabetes Research Foundation New York, NY | Charitable Purposes | $4,700 |
| Phoenix Childrens Hospital Phoenix, AZ | Charitable Purposes | $4,700 |
| Phoenix Downtown Lions Club Foundation Phoenix, AZ | Charitable Purposes | $4,700 |
| Stepping Stones of Hope Phoenix, AZ | Charitable Purposes | $4,700 |
| Valleywise Health Foundation Phoenix, AZ | Charitable Purposes | $4,700 |
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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 |
|---|---|---|---|---|---|---|---|---|
| 2024 | $699,264 | $35,566 | $50,230 | $37,500 | 7 | $37,500 | $22,836 | $37,566 |
| 2023 | $713,928 | $32,459 | $47,774 | $38,600 | 8 | $38,600 | $23,285 | $37,547 |
| 2022 | $729,243 | $37,744 | $51,579 | $42,000 | 8 | $42,000 | $28,165 | $38,564 |
| 2021 | $743,078 | $49,802 | $44,854 | $35,000 | 5 | $35,000 | $39,948 | $42,070 |
| 2020 | $738,130 | $30,708 | $49,175 | $40,000 | 6 | — | $22,777 | $38,759 |
Under IRS private-foundation payout rules, Joan C Ray Charitable Foundation reported a distributable amount of $38K for 2024 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
Joan C Ray Charitable Foundation is led by Tyrone C. Ray, President & Director on every filing since 2020; none of the 4 officers listed in 2024 report compensation.
Officers on the 2024 filing
Tyrone C. Ray
President & Director
On filings since 2020
No compensation reported
Donald L. Meyers
Vice President & Director
On filings since 2020
No compensation reported
Lisa A. Karlowicz
Secretary & Director
On filings since 2020
No compensation reported
Robert P. Solliday
Treasurer & Director
On filings since 2020
No compensation reported
Data from IRS Form 990 filings, 2020–2024. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Frequently asked questions about Joan C Ray Charitable Foundation
How much does Joan C Ray Charitable Foundation give each year?
Joan C Ray Charitable Foundation gave $38K across 7 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $39K across 8 grants.
What is Joan C Ray Charitable Foundation's typical grant size?
Joan C Ray Charitable Foundation's median grant in 2024 was $4,700, and its average grant was $5,357, across 7 grants on its 2024 IRS Form 990-PF.
Where does Joan C Ray Charitable Foundation give grants?
Joan C Ray Charitable Foundation gives mostly in Arizona: 87% of the grant dollars itemized on its 2024 IRS Form 990-PF went to recipients there. The next largest state was New York (13%). The most frequent recipient cities were Phoenix, AZ (6 grants).
Who are Joan C Ray Charitable Foundation's largest grantees?
Joan C Ray Charitable Foundation's largest 2024 grantees include The Foster Alliance ($7,000), Free Arts for Abused Children of Arizona ($7,000) and Juvenile Diabetes Research Foundation ($4,700), according to its 2024 IRS Form 990-PF. Together they received 50% of its itemized 2024 grant dollars.
How large is Joan C Ray Charitable Foundation?
Joan C Ray Charitable Foundation reported $699K in total assets on its 2024 IRS Form 990-PF. It paid out $38K in qualifying distributions that year, against a required minimum of $38K (roughly 5% of its investment assets). Falling short in one year is not a violation: foundations have until the end of the next year to meet the minimum.
What is Joan C Ray Charitable Foundation's EIN?
Joan C Ray Charitable Foundation's EIN (Employer Identification Number) is 45-1807907. IRS Form 990 filing data is available on this page for 2020–2024.
Data last updated October 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 November 11, 2021)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS September 23, 2022)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS November 14, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS August 26, 2024)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS November 16, 2025)
- IRS filings on file for fiscal years 2020–2024
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