Ocean Rain Foundation

NEW YORK, NY EIN: 20-6726793

Ocean Rain Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in NEW YORK, NY. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $406K in total assets. In 2024, it awarded 17 grants totaling $36K. Net investment income was $26K.

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$406K

-2.4% YoY

Annual Giving

$36K

+167.9% YoY

Grant Count

+183.3% YoY

Avg Grant Size

$2K

-5.4% YoY

Under IRS private-foundation payout rules, Ocean Rain Foundation reported a distributable amount of $42K for 2024 — the minimum it must pay out in qualifying distributions.

About Ocean Rain 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

Connecticut $114K (70%)

New York $28K (18%)

Florida $11K (7%)

Massachusetts $3K (2%)

New Jersey $2K (1%)

California $2K (1%)

Utah $1K (1%)

Tennessee $500 (0%)

States

California Connecticut Florida Massachusetts New Jersey New York Tennessee Utah

Cities

BrooklynCulver CityEast HamptonHialeahKanabMemphisMorris PlainsNeedhamNew YorkPalm Beach GardensPort WashingtonSan FranciscoStorrsWindsorWychoff

Financial History

Multi-year comparison from IRS filings

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2024	2023	2022
Total Assets	$406,461	$416,548	$329,131
Revenue	$31,030	$95,270	$1,898
Expenses	$41,146	$23,015	$69,656
Qualifying Distributions	$35,778	$13,317	$3,515
Net Investment Income	$25,672	$91,422	—
Distributable Amount	$41,832	$38,784	$26,419

Giving Over Time

Total grant dollars and number of grants per year

Grant Insights

How this funder distributes its grants

Top Recipients

Top 10 recipients in 2024

Grant Size Distribution

37 grants across all recorded years

Giving History

Grant recipients and amounts by year

Among its reported 2024 grants, the largest include Bleeding Blue ($10,000), Bowery Residents' Committee ($5,000), Memorial Sloan Kettering Cancer Center ($5,000).

Recipient	Purpose	Amount
PAN MASS CHALLENGE NEEDHAM, MA	THE PAN-MASS CHALLENGE SEEKS TO RAISE FUNDS FOR CANCER RESEARCH AND TREATMENT AT DANA-FARBER CANCER INSTITUTE THROUGH A BIKE RACE.	$500
WIKIMEDIA SAN FRANCISCO, CA	THE WIKIMEDIA FOUNDATION, INC IS A NONPROFIT CHARITABLE ORGANIZATION DEDICATED TO ENCOURAGING THE GROWTH, DEVELOPMENT AND DISTRIBUTION OF FREE, MULTILINGUAL CONTENT, AND TO PROVIDING THE FULL CONTENT OF THESE WIKI-BASED PROJECTS TO THE PUBLIC FREE OF CHARGE.	$1,040
EVERYCAT WYCHOFF, NJ	EVERYCAT HEALTH FOUNDATION FUNDS AND PROMOTES RESEARCH ON FELINE HEALTH TO IMPROVE THE LIVES AND WELL-BEING OF ALL CATS THROUGH SCIENTIFIC DISCOVERY AND EDUCATION.	$1,030
KITTYKIND NEW YORK, NY	KITTYKIND IS A VOLUNTEER-RUN, NO-KILL CAT RESCUE ORGANIZATION BASED IN NEW YORK CITY THAT FINDS LOVING HOMES FOR ABANDONED AND HOMELESS CATS	$1,000
BEST FRIENDS ANIMAL SOCIETY KANAB, UT	BEST FRIENDS ANIMAL SOCIETY IS A NONPROFIT ANIMAL WELFARE ORGANIZATION THAT WORKS TO END THE KILLING OF DOGS AND CATS IN SHELTERS THROUGH ADOPTION, SPAY/NEUTER PROGRAMS, AND COMMUNITY INITIATIVES	$1,046
NORTH SHORE ANIMAL LEAGUE PORT WASHINGTON, NY	NORTH SHORE ANIMAL LEAGUE AMERICA IS THE WORLDS LARGEST NO-KILL ANIMAL RESCUE AND ADOPTION ORGANIZATION, DEDICATED TO RESCUING, REHABILITATING, AND REHOMING PETS WHILE PROMOTING SPAY/NEUTER AND HUMANE EDUCATION.	$1,000
EVERYTOWN NEW YORK, NY	EVERYTOWN FOR GUN SAFETY IS A NONPROFIT ORGANIZATION THAT ADVOCATES FOR GUN VIOLENCE PREVENTION THROUGH EDUCATION, POLICY REFORM, AND GRASSROOTS ACTIVISM	$1,000
BOWERY RESIDENTS' COMMITTEE NEW YORK, NY	BOWERY RESIDENTS COMMITTEE (BRC) IS A NONPROFIT ORGANIZATION THAT PROVIDES HOUSING, HEALTH, RECOVERY, AND WORKFORCE SERVICES TO HELP NEW YORKERS EXPERIENCING HOMELESSNESS ACHIEVE STABILITY AND INDEPENDENCE.	$5,000
INTANDEM CYCLING NEW YORK, NY	INTANDEM CYCLING IS A NONPROFIT ORGANIZATION THAT PROVIDES TANDEM CYCLING OPPORTUNITIES FOR PEOPLE WITH VISUAL IMPAIRMENTS OR OTHER DISABILITIES BY PAIRING THEM WITH VOLUNTEER CAPTAINS FOR RECREATIONAL AND COMPETITIVE RIDES	$275
MEMORIAL SLOAN KETTERING CANCER CENTER NEW YORK, NY	MEMORIAL SLOAN KETTERING CANCER CENTER IS A LEADING NONPROFIT CANCER TREATMENT AND RESEARCH INSTITUTION DEDICATED TO PATIENT CARE, SCIENTIFIC DISCOVERY, AND EDUCATION IN ONCOLOGY.	$5,000

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

From 2024 IRS filing

From 2024 filing

Name	Title	Hours	Compensation
DAVID H FORD	TRUSTEE	—	—

Subject Areas

Focus areas based on grantmaking activity

Philanthropy, Voluntarism & Grantmaking

Frequently Asked Questions

What is Ocean Rain Foundation?

Ocean Rain Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in NEW YORK, NY. It holds $406K in total assets as of 2024.

How large is Ocean Rain Foundation?

As of 2024, Ocean Rain Foundation holds $406K in total assets with $31K in annual revenue. It awarded 17 grants totaling $36K in 2024.

Where does Ocean Rain Foundation operate?

Ocean Rain Foundation has awarded grants in California, Connecticut, Florida, Massachusetts, New Jersey, New York, Tennessee, Utah.

What size grants does Ocean Rain Foundation award?

In 2024, Ocean Rain Foundation awarded 17 grants totaling $36K — an average of about $2K per grant, based on its IRS Form 990 filings.

How much is Ocean Rain Foundation required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2024, Ocean Rain Foundation reported a distributable amount of $42K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.