Paula and Rodger Riney Foundation logo

Paula and Rodger Riney Foundation

Private foundation · Grantmaker St. Louis, MO EIN: 82-3268996 Website

The Paula and Rodger Riney Foundation is a private foundation based in St. Louis, 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.

Key facts about Paula and Rodger Riney Foundation

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.

EIN
82-3268996
Latest 990 filing
Form 990-PF, 2024
Annual giving (2024)
$32,668,262
Grants made (2024)
14
Average grant
$2,333,447
Median grant
$1,248,900
Total assets
$55,559,259
Primary geography
Massachusetts (51% of itemized 2024 grant dollars)
Accepts unsolicited proposals
No
How to apply
The foundation makes contributions only to preselected charitable organizations and does not accept unsolicited requests for funds. Full details ↓

Data from IRS Form 990-PF, 2024; updated September 2026. Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$55.6M

-35.1% YoY

Annual Giving

$32.7M

-23.2% YoY

Grant Count

14

-44.0% YoY

Avg Grant Size

$2.3M

+37.1% YoY

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.

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.

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 St. Louis Community Foundation, and St. Louis 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 St. Louis, while the St. Louis 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.

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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

11states

Share of all 14 itemized 2024 grant dollars.

Cities

BostonSt. LouisKirkwoodWest LafayetteColumbiaMilwaukeeNeedhamRochesterAtlantaBridgetonColumbusCummingEllisvilleFalls ChurchFlorissantLehiNew YorkRye BrookSt CharlesTampa

Giving Over Time

Total grant dollars and number of grants per year

$0$20M$40M$60M3 grants20204 grants20216 grants202225 grants202314 grants2024

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.

Grant Insights

How this funder distributes its grants

Top Recipients

Top 10 recipients in 2024

Dana Farber Cancer Institute: $12.0MDana Farber Cancer Institute$12.0MCentre Hospitalier Universitaire De Toulouse: $5.2MCentre HospitalierUniversitaire De Toulouse$5.2MUniversity of Missouri: $4.1MUniversity of Missouri$4.1MInternational Myeloma Society: $3.1MInternational Myeloma Society$3.1MMayo Clinic: $2.0MMayo Clinic$2.0MSt Louis Community Foundation: $2.0MSt Louis Community Foundation$2.0MMassachusetts General Hospital: $1.4MMassachusetts General Hospital$1.4MBiostl: $1.1MBiostl$1.1MNew York University: $1.0MNew York University$1.0MPurdue University: $695KPurdue University$695K

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

19<$50K1$50–100K$100–250K$250–500K1$500K–1M23$1–5M8$5M+

The most common grant size was in the $1–5M range: 23 grants of 52 (44%).

Giving History

Grant recipients and amounts by year

RecipientPurposeAmount
Dana Farber Cancer Institute Boston, MAAdvance 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, MOAdvance treatment, cure and prevention of cancer and related diseases$4,110,826
International Myeloma Society Boston, MAAdvance treatment, cure and prevention of cancer and related diseases$3,139,644
Mayo Clinic Rochester, MNAdvance treatment, cure and prevention of cancer and related diseases$2,019,000
St Louis Community Foundation St. Louis, MOPlease 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, MAAdvance treatment, cure and prevention of cancer and related diseases$1,372,800
Biostl St. Louis, MOSupporting Local Startup Companies in Medicine and Healthcare$1,125,000
New York University New York, NYAdvance treatment, cure and prevention of cancer and related diseases$1,027,781
Purdue University West Lafayette, INAdvance treatment, cure and prevention of cancer and related diseases$694,561

Financial History

Multi-year comparison from IRS filings

Filing year Assets Revenue Expenses Grants
2024 $55,559,259 $3,191,046 $33,241,387 $32,668,262
2023 $85,609,600 $23,879,861 $43,124,621 $42,536,096
2022 $104,854,360 $17,477,869 $31,159,904 $30,653,596
Revenue
Expenses
Qualifying Distributions
Net Investment Income
$0$20M$40M$60M20202021202220232024
Metric202420232022
Total Assets$55,559,259$85,609,600$104,854,360
Revenue$3,191,046$23,879,861$17,477,869
Expenses$33,241,387$43,124,621$31,159,904
Qualifying Distributions$34,703,716$44,060,147$31,089,641
Net Investment Income$3,190,714$23,879,534$17,477,869
Distributable Amount$7,081,772$7,276,989$8,742,049

Data update history

When this profile's IRS filing data changed on Grantable

  1. IRS filings on file for fiscal years 2020–2024

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

Bobby W Sandage Jr PHD — Managing Director: $329KBobby W Sandage Jr PHDManaging Director$329K

The highest reported compensation on the 2024 filing was $329K, to Bobby W Sandage Jr PHD (Managing Director).

Contact

Mailing address: PO Box 31729, St Louis, MO 63131
Phone: (314) 552-6022
Website: https://paulaandrodgerrineyfoundation.org

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 September 2026. Sourced from IRS Form 990-PF filings. Research dossier generated September 2026.

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