Neal Rantoul Foundation

DALLAS, TX EIN: 23-7426426

Neal Rantoul Foundation is a private foundation, based in DALLAS, TX. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $1.0M in total assets. In 2024, it awarded 9 grants totaling $84K. Net investment income was $88K.

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$1.0M

-1.7% YoY

Annual Giving

$84K

+9.8% YoY

Grant Count

-18.2% YoY

Avg Grant Size

$9K

+34.2% YoY

Under IRS private-foundation payout rules, Neal Rantoul Foundation reported a distributable amount of $115K for 2024 — the minimum it must pay out in qualifying distributions.

About Neal Rantoul Foundation

Based on IRS filings

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

Massachusetts $404K (94%)

Rhode Island $25K (6%)

States

Massachusetts Rhode Island

Cities

BeverlyBostonLawrenceLynnNewtonvilleProvidenceSalemWenham

Financial History

Multi-year comparison from IRS filings

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2024	2023	2022
Total Assets	$1,039,773	$1,057,962	$1,084,743
Revenue	$111,226	$89,113	$66,724
Expenses	$129,313	$115,724	$136,564
Qualifying Distributions	$105,201	$95,398	$114,523
Net Investment Income	$88,277	$68,624	$45,802
Distributable Amount	$115,046	$102,219	$104,275

Giving Over Time

Total grant dollars and number of grants per year

Grant Insights

How this funder distributes its grants

Top Recipients

Top 9 recipients in 2024

Grant Size Distribution

62 grants across all recorded years

Giving History

Grant recipients and amounts by year

Among its reported 2024 grants, the largest include Boys & Girls Club of Lynn ($15,000), Leap for Education Inc ($15,000), Ymca of the North Shore ($10,000).

Recipient	Purpose	Amount
YMCA OF THE NORTH SHORE BEVERLY, MA	SUPPORTS CREATIVE ARTS	$10,000
BOYS & GIRLS CLUB OF LYNN LYNN, MA	SUPPORTS CAREER LAUNCH	$15,000
RAW ART WORKS LYNN, MA	SUPPORTS ART PROGRAMS	$10,000
GIRLS INC OF LYNN LYNN, MA	SUPPORT AFTER SCHOOL	$10,000
BOSTON BALLET BOSTON, MA	SUPPORT EDUCATIONAL	$10,000
HEALING ABUSE WORKING FOR CHANGE PROVIDENCE, RI	DOMESTIC VIOLENCE SERVICES	$5,000
NATIONAL BRAILLE PRESS INC BOSTON, MA	SUPPORTS CHILDREN'S BOOK	$5,000
LEAP FOR EDUCATION INC SALEM, MA	UNRESTRICTED GENERAL	$15,000
CHAMELEON ARTS BOSTON, MA	SUPPORTS SPRING EDUCATION	$4,000

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	TRUSTEE	1	$27,647
LEE T SPRAGUE	CO-TRUSTEE	1	$8,376

Frequently Asked Questions

How large is Neal Rantoul Foundation?

As of 2024, Neal Rantoul Foundation holds $1.0M in total assets with $111K in annual revenue. It awarded 9 grants totaling $84K in 2024.

Where does Neal Rantoul Foundation operate?

Neal Rantoul Foundation has awarded grants in Massachusetts, Rhode Island.

What size grants does Neal Rantoul Foundation award?

In 2024, Neal Rantoul Foundation awarded 9 grants totaling $84K — an average of about $9K per grant, based on its IRS Form 990 filings.

How much is Neal Rantoul Foundation required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2024, Neal Rantoul Foundation reported a distributable amount of $115K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.