Phillip and Susan Ragon Foundation
Phillip and Susan Ragon Foundation is a private foundation, based in Cambridge, MA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $26.9M in total assets. In 2024, it awarded 2 grants totaling $401K. Net investment income was $784K.
Phillip and Susan Ragon Foundation at a glance
In short: Phillip and Susan Ragon Foundation gave $401K across 2 grants in 2024 (avg $200K), mostly in Massachusetts. Source: 2024 IRS Form 990-PF.
- Annual giving (2024)
- $400,592
- -99.2% vs 2023
- Grants made (2024)
- 2
- -66.7% vs 2023
- Average grant
- $200,296
- -97.7% vs 2023
- Median grant
- $200,296
- Total assets
- $26,927,630
- +29.5% vs 2023
- Primary geography
- Massachusetts (100% of itemized 2024 grant dollars)
- Latest 990 filing
- Form 990-PF, 2024 View filing
Data from IRS Form 990-PF, 2024; updated September 2026.
Who Phillip and Susan Ragon Foundation funds
How this funder distributes its grants
Top Recipients
Top 2 recipients in 2024
The largest 2024 recipient was Cambridge Community Foundation ($201K). Together the top 2 received $401K.
Grant Size Distribution
18 grants across all recorded years
The most common grant size was in the $100–250K range: 10 grants of 18 (56%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2024 grant dollars across all 2 itemized grants.
States
Cities
How Phillip and Susan Ragon Foundation gives
- Giving fell 100% from 2021 to 2024. Method
- In 2024 it paid out 36% of its IRS minimum distribution (the 5% rule). Foundations have until the end of the next year to meet it. Method
From the foundation's IRS Form 990-PF filings. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2024, annual grant giving ranged from $400K (2022) to $115.3M (2021). In 2024 it made 2 grants totaling $401K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Cambridge Community Foundation Cambridge, MA | To Carry on Charitable Organization's Activities | $200,592 |
| Camp Harbor View Foundation Inc Boston, MA | To Carry on Charitable Organization's Activities | $200,000 |
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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 | $26,927,630 | $10,345,309 | $606,502 | $400,592 | 2 | $400,592 | $784,395 | $1,115,414 |
| 2023 | $20,794,448 | $10,027,163 | $51,543,731 | $51,434,770 | 6 | $51,434,770 | $9,825,386 | $3,230,956 |
| 2022 | $63,154,423 | $1,372,826 | $538,998 | $400,000 | 3 | $404,500 | $1,189,046 | $3,315,412 |
| 2021 | $62,348,069 | $1,628,724 | $115,428,258 | $115,300,000 | 4 | $115,307,400 | $932,866 | $8,210,076 |
| 2020 | $176,087,365 | $3,502,388 | $29,172,590 | $28,963,252 | 3 | — | $2,530,298 | $5,622,064 |
Under IRS private-foundation payout rules, Phillip and Susan Ragon Foundation reported a distributable amount of $1.1M for 2024 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
Phillip and Susan Ragon Foundation's 2024 filing lists 2 officers; none of the 2 officers listed in 2024 report compensation.
Officers on the 2024 filing
Phillip T. Ragon
Trustee
On filings since 2020
No compensation reported
Susan M. Ragon
Trustee
On filings since 2020
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.
Frequently asked questions about Phillip and Susan Ragon Foundation
How much does Phillip and Susan Ragon Foundation give each year?
Phillip and Susan Ragon Foundation gave $401K across 2 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $51.4M across 6 grants.
How large is Phillip and Susan Ragon Foundation?
Phillip and Susan Ragon Foundation reported $26.9M in total assets on its 2024 IRS Form 990-PF. It paid out $401K in qualifying distributions that year, against a required minimum of $1.1M (roughly 5% of its investment assets). Falling short in one year is not a violation: foundations have until the end of the next year to meet the minimum.
Where does Phillip and Susan Ragon Foundation operate?
Phillip and Susan Ragon Foundation has awarded grants in Massachusetts, New York.
What is Phillip and Susan Ragon Foundation's EIN?
Phillip and Susan Ragon Foundation's EIN (Employer Identification Number) is 05-0547000. IRS Form 990 filing data is available on this page for 2020–2024.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
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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