Paula and Rodger Riney Foundation
The Paula and Rodger Riney Foundation is a private independent foundation established in 2019 and based in Saint Louis, Missouri. The foundation was created by Rodger Riney, founder and former CEO of Scottrade, following his diagnosis with multiple myeloma and the subsequent sale of Scottrade to TD Ameritrade in 2017. The foundation funds scientific research aimed at advancing the understanding, treatment, and cure of multiple myeloma and related cancers.
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.
Mission & Focus Areas
The foundation's mission centers on funding scientific research leading to a better understanding and possible cure of multiple myeloma and related cancers. Primary focus areas include:
- Discovery and advancement of cures for multiple myeloma patients
- Advancement of treatment, cure, and prevention of cancer and related diseases
- Support for research initiatives at leading cancer research institutions
- Program-related investments in charitable revitalization efforts
Grantmaking
The foundation is an active grantmaker with significant annual giving. In 2023, the foundation made four major grants totaling substantial amounts:
How to Apply
No specific application process information is available in the provided sources.
Ready to take the next step with Paula and Rodger Riney Foundation?
Geographic Focus
Where this funder awards grants
The foundation funds research institutions across the United States and internationally, with documented grants to institutions in:
- Massachusetts (Dana-Farber Cancer Institute)
- Indiana (Purdue University)
- Ohio (Ohio State University)
- Georgia (Winship)
- Arkansas (UAMS)
- Canada (Princess Margaret Cancer Centre - $9.2 million CAD)
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
Assets and Revenue (2023)
- Total Assets: $85.6 million
- Total Revenue: $23.9 million
- Total Expenses: $43.1 million
- Total Liabilities: $0
Tax Status
- Tax-Exempt Status: 501(c)(3), tax-exempt since March 2019
- EIN: 82-3268996
- Number of Employees: 1 (as of 2023)
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| 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 |
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
52 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Dana Farber Cancer Institute ($12,000,000), Centre Hospitalier Universitaire De Toulouse ($5,150,000), University of Missouri ($4,110,826).
| Recipient | Purpose | Amount |
|---|---|---|
| 100 NEEDIEST CASES STL ST LOUIS, MO | TO PROVIDE BASIC NEEDS TO INDIVIDUALS AND FAMILIES DURING THE HOLIDAY SEASON | $1,000 |
| AMERICAN LEGION POST 156 KIRKWOOD, MO | TO PROVIDE SCHOLARSHIPS AND ASSISTANCE TO VETERANS AND THEIR FAMILIES | $25,000 |
| ASSISTANCE LEAGUE ST LOUIS ELLISVILLE, MO | TO PROVIDE COMMUNITY PROGRAMS TO SERVE THE NEEDS OF CHILDREN AND ADULTS IN ST. LOUIS | $1,650 |
| BIOSTL ST LOUIS, MO | SUPPORTING LOCAL STARTUP COMPANIES IN MEDICINE AND HEALTHCARE | $1,125,000 |
| CENTRE HOSPITALIER UNIVERSITAIRE DE TOULOUSE | ADVANCE TREATMENT, CURE AND PREVENTION OF CANCER AND RELATED DISEASES | $5,150,000 |
| DANA FARBER CANCER INSTITUTE BOSTON, MA | ADVANCE TREATMENT, CURE AND PREVENTION OF CANCER AND RELATED DISEASES | $12,000,000 |
| INTERNATIONAL MYELOMA SOCIETY BOSTON, MA | ADVANCE TREATMENT, CURE AND PREVENTION OF CANCER AND RELATED DISEASES | $3,139,644 |
| KIRKWOOD BAPTIST CHURCH KIRKWOOD, MO | TO SUPPORT THE MISSION OPPORTUNITIES IN THE KIRKWOOD COMMUNITY | $1,000 |
| MASSACHUSETTS GENERAL HOSPITAL BOSTON, MA | ADVANCE TREATMENT, CURE AND PREVENTION OF CANCER AND RELATED DISEASES | $1,372,800 |
| MAYO CLINIC ROCHESTER, MN | ADVANCE TREATMENT, CURE AND PREVENTION OF CANCER AND RELATED DISEASES | $2,019,000 |
Leadership & Key People
Leadership team and compensation from IRS filings
Rodger Riney — Founder Rodger O. Riney is the founder of the Paula and Rodger Riney Foundation. He is the former CEO and founder of Scottrade, the discount brokerage firm he sold to TD Ameritrade in 2017, two years after being diagnosed with multiple myeloma.
Bobby W. Sandage Jr., PhD — Managing Director Dr. Sandage serves as managing director of the foundation and is responsible for the foundation's scientific funding initiatives. He brings over 35 years of experience in drug development with large pharmaceutical companies and small startup biotechs, and has spent the past 10 years in venture capital investing in promising life science companies.
Jenna McClary — Accounting
Danae Bednar — Administrative Assistant/Office Manager
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| RODGER O RINEY | TRUSTEE/ADVISORY COMMITTEE | 2 | — |
| PAULA C RINEY | TRUSTEE/ADVISORY COMMITTEE | 2 | — |
| BOBBY W SANDAGE JR PHD | MANAGING DIRECTOR | 25 | $329,019 |
Recent News & Activity
Recent developments and announcements
The foundation has maintained active grantmaking throughout recent years, with notable announcements including:
August 2022: $5.9 million provided to accelerate multiple myeloma research
Paula & Rodger Riney Foundation Provides $5.9 Million to Accelerate MultipleAugust 2022: $40 million transformative grant to Dana-Farber Cancer Institute
Paula and Rodger Riney Foundation Pledges $1.5 Million Matching Grant toJuly 2022: Foundation fuels "Big Ideas" in multiple myeloma research initiatives
Paula & Rodger Riney Foundation Provides $5.9 Million to Accelerate MultipleJuly 2022: Sustaining contribution to BioSTL to drive the St. Louis innovation economy
Recent years: Multiple grants to leading cancer research institutions and organizations focused on blood cancer research and patient support
Paula & Rodger Riney Foundation Invests $1 Million in Blood Cancer UnitedSubject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What does Paula and Rodger Riney Foundation fund?
The foundation's mission centers on funding scientific research leading to a better understanding and possible cure of multiple myeloma and related cancers. Primary focus areas include: • Discovery and advancement of cures for multiple myeloma patients • Advancement of treatment, cure, and prevention of cancer and related diseases • Support for research initiatives at leading cancer research institutions • Program-related investments in charitable revitalization efforts
How do I apply for a grant from Paula and Rodger Riney Foundation?
The foundation is an active grantmaker with significant annual giving. In 2023, the foundation made four major grants totaling substantial amounts: • **Dana-Farber Cancer Institute**: $13,527,778 (2023) • **International Myeloma Society**: $3,366,379 (2023) • **Trustees of Purdue University**: $2,131,435 (2023) Recent grant announcements include: • $40 million transformative grant to Dana-Farber Cancer Institute for multiple myeloma research (2022) • $5.9 million to accelerate multiple myeloma …
Where does Paula and Rodger Riney Foundation make grants?
The foundation funds research institutions across the United States and internationally, with documented grants to institutions in: • Massachusetts (Dana-Farber Cancer Institute) • Indiana (Purdue University) • Ohio (Ohio State University) • Georgia (Winship) • Arkansas (UAMS) • Canada (Princess Margaret Cancer Centre - $9.2 million CAD)
What size grants does Paula and Rodger Riney Foundation award?
In 2024, Paula and Rodger Riney Foundation awarded 14 grants totaling $32.7M — an average of about $2.3M per grant, based on its IRS Form 990 filings.
How much is Paula and Rodger Riney Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Paula and Rodger Riney Foundation reported a distributable amount of $7.1M on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
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.
Explore Open Grants
Browse active grant opportunities in Paula and Rodger Riney Foundation's focus areas in our free grants database
Related Funders
Similar funders by location and focus area
Brooke and Inge Lessig T W Sal Army
SAINT LOUIS, MO
Assets
$985K
Grants
1
Total Given
$54K
Sweet Springs Restoration Foundation
SWEET SPRINGS, MO
Assets
$925K
Grants
0
Total Given
—
Tw Wyly Scholarship Fund
SAINT LOUIS, MO
Assets
$1.5M
Grants
14
Total Given
$80K
Desoto Dragons Wrestling Club
DE SOTO, MO
Assets
$8K
Grants
0
Total Given
—
Pilling Family Foundation Inc
OSAGE BEACH, MO
Assets
$9.7M
Grants
20
Total Given
$526K
Heru Urban Farming and Garden
HAZELWOOD, MO
Assets
$112K
Grants
2
Total Given
$113K
Data last updated June 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
What could you do with Paula and Rodger Riney Foundation on Grantable?
- Assess strategic fit with your organization
- Draft a tailored letter of inquiry
- Find open RFPs from this funder
- Monitor for new funding opportunities
Go from researching Paula and Rodger Riney Foundation to a real strategy.