Paula and Rodger Riney Foundation
The Paula and Rodger Riney Foundation is a private foundation based in an individual recipient, Missouri. Established by Rodger and Paula Riney after Rodger sold Scottrade to TD Ameritrade, the foundation supports scientific research aimed at better understanding and finding a possible cure for multiple myeloma and related cancers.
Paula and Rodger Riney Foundation at a glance
In short: Paula and Rodger Riney Foundation gave $32.7M across 14 grants in 2024 (avg $2.3M), mostly in Massachusetts. Source: 2024 IRS Form 990-PF.
- Annual giving (2024)
- $32,668,262
- -23.2% vs 2023
- Grants made (2024)
- 14
- -44.0% vs 2023
- Average grant
- $2,333,447
- +37.1% vs 2023
- Median grant
- $1,248,900
- Total assets
- $55,559,259
- -35.1% vs 2023
- Primary geography
- Massachusetts (51% of itemized 2024 grant dollars)
- Latest 990 filing
- Form 990-PF, 2024 View filing
Data from IRS Form 990-PF, 2024; updated October 2026.
How to apply to Paula and Rodger Riney Foundation
- Accepts unsolicited proposals
- No
- How to Apply
-
The foundation makes contributions only to preselected charitable organizations and does not accept unsolicited requests for funds.
- Contact
Mailing address: PO Box 31729, St Louis, MO 63131
Phone: (314) 552-6022
Website: https://paulaandrodgerrineyfoundation.org
Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.
Who Paula and Rodger Riney Foundation funds
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
The largest 2024 recipient was Dana Farber Cancer Institute ($12.0M). Together the top 10 received $32.6M.
Grant Size Distribution
52 grants across all recorded years
The most common grant size was in the $1–5M range: 23 grants of 52 (44%).
Geographic Focus
Where this funder awards grants
The 2024 grant dollars were reported as 51% to recipients in Massachusetts, 22% in Missouri, 6% in Minnesota and 3% in New York. Listed 2024 recipients also include Purdue University in Indiana and Centre Hospitalier Universitaire de Toulouse, for which no location is provided in the grant listing.
Grant Distribution by State
Share of 2024 grant dollars across all 14 itemized grants.
Cities
How Paula and Rodger Riney Foundation gives
- 43% of 2024 grantees were also funded in 2023. Method
- Giving grew 90% from 2021 to 2024. Method
- In 2024 it paid out 490% of its IRS minimum distribution (the 5% rule). Method
Estimate from itemized grant lists in IRS Form 990-PF filings (2024). Recipient names are matched across years, so a renamed or misspelled grantee can look new; grants to individuals are left out. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2024, annual grant giving ranged from $5.0M (2020) to $42.5M (2023). In 2024 it made 14 grants totaling $32.7M.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Dana Farber Cancer Institute Boston, MA | Advance treatment, cure and prevention of cancer and related diseases | $12,000,000 |
| Centre Hospitalier Universitaire De Toulouse | Advance treatment, cure and prevention of cancer and related diseases | $5,150,000 |
| University of Missouri Columbia, MO | Advance treatment, cure and prevention of cancer and related diseases | $4,110,826 |
| International Myeloma Society Boston, MA | Advance treatment, cure and prevention of cancer and related diseases | $3,139,644 |
| Mayo Clinic Rochester, MN | Advance treatment, cure and prevention of cancer and related diseases | $2,019,000 |
| St Louis Community Foundation St. Louis, MO | Please see part xiv 3a for the purpose of the contributionthe current year contribution was provided to administer grants to qualified 501(c)(3) organizations including those that provide educational or health-related services; and assist lower income and disadvantaged adults and children with health care or improving their economic position. | $2,000,000 |
| Massachusetts General Hospital Boston, MA | Advance treatment, cure and prevention of cancer and related diseases | $1,372,800 |
| Biostl St. Louis, MO | Supporting Local Startup Companies in Medicine and Healthcare | $1,125,000 |
| New York University New York, NY | Advance treatment, cure and prevention of cancer and related diseases | $1,027,781 |
| Purdue University West Lafayette, IN | Advance treatment, cure and prevention of cancer and related diseases | $694,561 |
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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 | $55,559,259 | $3,191,046 | $33,241,387 | $32,668,262 | 14 | $34,703,716 | $3,190,714 | $7,081,772 |
| 2023 | $85,609,600 | $23,879,861 | $43,124,621 | $42,536,096 | 25 | $44,060,147 | $23,879,534 | $7,276,989 |
| 2022 | $104,854,360 | $17,477,869 | $31,159,904 | $30,653,596 | 6 | $31,089,641 | $17,477,869 | $8,742,049 |
| 2021 | $118,536,395 | $1,770,419 | $18,080,239 | $17,213,527 | 4 | $18,922,081 | $1,770,419 | $10,285,029 |
| 2020 | $138,383,215 | $3,475,085 | $5,020,457 | $5,001,120 | 3 | — | $3,507,368 | $6,917,393 |
Under IRS private-foundation payout rules, Paula and Rodger Riney Foundation reported a distributable amount of $7.1M for 2024 — the minimum it must pay out in qualifying distributions.
Research compiled by Grantable AI from public sources. Last updated September 2026.
Mission & Focus Areas
The foundation states that it funds scientific research leading to a better understanding and possible cure of multiple myeloma and related cancers. Its 2024 grants include support for cancer treatment, cure and prevention research, local health-care and economic-assistance grantmaking through the an individual recipient Community Foundation, and an individual recipient medical and health-care startups through BioSTL.
The grantees’ own descriptions illustrate the range of organizations supported. The International Myeloma Society says it brings together clinical and experimental scientists and promotes research, education, clinical studies, workshops and conferences on multiple myeloma and related disorders. Mayo Clinic describes its work as providing patient care through integrated clinical practice, education and research. BioSTL says it cultivates a thriving bioscience sector in an individual recipient, while the an individual recipient Community Foundation says it helps charitable citizens provide for their community and causes.
Grantmaking
In filing year 2024, the foundation reported 14 grants totaling $32,668,262. Grant amounts ranged from $1,000 to $12 million; the median was $1,248,900.
The largest reported grants included $12 million to Dana-Farber Cancer Institute, $5.15 million to Centre Hospitalier Universitaire de Toulouse, $4,110,826 to the University of Missouri, $3,139,644 to the International Myeloma Society, and $2,019,000 to Mayo Clinic. The cancer-research grants were described as advancing the treatment, cure and prevention of cancer and related diseases. The foundation also gave $2 million to the an individual recipient Community Foundation for administration of grants to qualified charitable organizations, including those providing educational or health-related services and assistance to lower-income and disadvantaged people.
In August 2022, the foundation announced a $40 million grant to Dana-Farber Cancer Institute for multiple myeloma research.
Leadership & Key People
Leadership team and compensation from IRS filings
The 2024 filing lists Rodger O. Riney and Paula C. Riney as trustees/advisory committee members and Bobby W. Sandage Jr., PhD, as managing director. The foundation’s website identifies Rodger Riney as its founder and says Sandage is responsible for its scientific funding initiatives.
Paula and Rodger Riney Foundation is led by Bobby W. Sandage Jr. PhD, Managing Director on every filing since 2021; 1 of 3 officers listed in 2024 is compensated.
Officers on the 2024 filing
Bobby W. Sandage Jr. PhD
Managing Director
On filings since 2021
25 hrs/week
$395K (2021) → $329K (2024)
Paula C. Riney
Trustee & Advisory Committee
On filings since 2020
2 hrs/week
No compensation reported
Rodger O. Riney
Trustee & Advisory Committee
On filings since 2020
2 hrs/week
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.
Compensation Overview
From 2024 IRS filing
The highest reported compensation on the 2024 filing was $329K, to Bobby W Sandage Jr PHD (Managing Director).
Frequently asked questions about Paula and Rodger Riney Foundation
How much does Paula and Rodger Riney Foundation give each year?
Paula and Rodger Riney Foundation gave $32.7M across 14 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $42.5M across 25 grants.
What is Paula and Rodger Riney Foundation's typical grant size?
Paula and Rodger Riney Foundation's median grant in 2024 was $1,248,900, and its average grant was $2,333,447, across 14 grants on its 2024 IRS Form 990-PF.
Where does Paula and Rodger Riney Foundation give grants?
Paula and Rodger Riney Foundation gives mostly in Massachusetts: 51% of the grant dollars itemized on its 2024 IRS Form 990-PF went to recipients there. The next largest states were Missouri (22%) and Minnesota (6%). The most frequent recipient cities were Boston, MA (3 grants), St. Louis, MO (3 grants) and Kirkwood, MO (2 grants).
Does Paula and Rodger Riney Foundation give general operating support?
Not in 2024: none of the 14 grants with a stated purpose on Paula and Rodger Riney Foundation's 2024 IRS Form 990-PF were described as general or operating support.
Who are Paula and Rodger Riney Foundation's largest grantees?
Paula and Rodger Riney Foundation's largest 2024 grantees include Dana Farber Cancer Institute ($12,000,000), Centre Hospitalier Universitaire De Toulouse ($5,150,000) and University of Missouri ($4,110,826), according to its 2024 IRS Form 990-PF. Together they received 65% of its itemized 2024 grant dollars.
How large is Paula and Rodger Riney Foundation?
Paula and Rodger Riney Foundation reported $55.6M in total assets on its 2024 IRS Form 990-PF. It paid out $34.7M in qualifying distributions that year, against a required minimum of $7.1M (roughly 5% of its investment assets).
What does Paula and Rodger Riney Foundation fund?
The foundation states that it funds scientific research leading to a better understanding and possible cure of multiple myeloma and related cancers. See mission & focus areas ↑
How do I apply for a grant from Paula and Rodger Riney Foundation?
The foundation makes contributions only to preselected charitable organizations and does not accept unsolicited requests for funds. Eligibility and process details are in the grantmaking section of this profile. See how to apply ↑
What is Paula and Rodger Riney Foundation's EIN?
Paula and Rodger Riney Foundation's EIN (Employer Identification Number) is 82-3268996. IRS Form 990 filing data is available on this page for 2020–2024.
Does Paula and Rodger Riney Foundation accept unsolicited proposals?
No, according to Grantable's research on the foundation's published guidelines. See how to apply ↑
Data last updated October 2026. Sourced from IRS Form 990-PF filings. Research dossier generated September 2026.
Data update history
(1)
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2024
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Cite this profile
Grantable. (2026). Paula and Rodger Riney Foundation funder profile. GrantGraph. Retrieved October 21, 2026, from https://grantable.co/funders/paula-and-rodger-riney-foundation-morg_a6096d851b7b4531a129a1f2e3641857
BibTeX
@misc{grantable_823268996_2026,
author = {{Grantable}},
title = {{Paula and Rodger Riney Foundation funder profile}},
howpublished = {GrantGraph},
year = {2026},
url = {https://grantable.co/funders/paula-and-rodger-riney-foundation-morg_a6096d851b7b4531a129a1f2e3641857},
note = {Accessed 2026-10-21. Data licensed CC BY 4.0}
}The figures on this page are open data under CC BY 4.0: reuse them with credit to Grantable and a link. Download the data.
Figures come from Paula and Rodger Riney Foundation's IRS filings (methodology). AI-written summaries, news items and logos are not covered by the open licence. Spot an error? Email hello@grantable.co.
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