Rachel Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in WATCHUNG, NJ. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $229K in total assets. In 2024, it awarded 10 grants totaling $19K. Net investment income was $2K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$229K
+9.9% YoY
Annual Giving
$19K
+94.3% YoY
Grant Count
10
-23.1% YoY
Avg Grant Size
$2K
+152.5% YoY
Under IRS private-foundation payout rules, Rachel Foundation Inc reported a distributable amount of $12K for 2024 — the minimum it must pay out in qualifying distributions.
About Rachel Foundation Inc
Based on IRS filings
Rachel Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in WATCHUNG, NJ. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $229K in total assets. In 2024, it awarded 10 grants totaling $19K. Net investment income was $2K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $229,475 | $208,894 | $188,468 |
| Revenue | $34,490 | $9,255 | $31,830 |
| Expenses | $20,310 | $15,127 | $16,952 |
| Qualifying Distributions | — | — | — |
| Net Investment Income | $2,452 | $7,568 | $15,349 |
| Distributable Amount | $11,649 | $9,869 | $9,338 |
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
59 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Operation New Uniform ($5,000), St Barnabus Medical ($5,000), Compassion Intl ($4,449).
| Recipient | Purpose | Amount |
|---|---|---|
| OPERATION NEW UNIFORM Jacksonville, FL | CHARITABLE | $5,000 |
| SAMARITANS PURSE Boone, NC | CHARITABLE | $2,500 |
| THE JANET ZILINSKI MEM FUND Martinsville, NJ | CHARITABLE | $150 |
| CHAMPIONS FOR HOPE Ponte Vedra Beach, FL | CHARITABLE | $1,000 |
| CONVENANT HOUSE Newark, NJ | CHARITABLE | $200 |
| TUNNELS TO TOWERS Staten Island, NY | CHARITABLE | $250 |
| SEA GIRT CONSERVANCY Sea Girt, NJ | CHARITABLE | $150 |
| ST BARNABUS MEDICAL Livingston, NJ | CHARITABLE | $5,000 |
| ST JUDE CHILDRENS HOSPITAL Memphis, TN | CHARITABLE | $150 |
| COMPASSION INTL Colorado Springs, CO | CHARITABLE | $4,449 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| MARIA ALBERTO | PRESIDENT | 15 | — |
| CHARLES ALBERTO III | SECYTREASURER | 10 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Rachel Foundation Inc?
Rachel Foundation Inc is a nonprofit organization focused on Philanthropy, Voluntarism & Grantmaking, based in WATCHUNG, NJ. It holds $229K in total assets as of 2024.
How large is Rachel Foundation Inc?
As of 2024, Rachel Foundation Inc holds $229K in total assets with $34K in annual revenue. It awarded 10 grants totaling $19K in 2024.
Where does Rachel Foundation Inc operate?
Rachel Foundation Inc has awarded grants in Arkansas, Colorado, Florida, Illinois, Indiana, Michigan, North Carolina, New Jersey, New York, Tennessee.
What size grants does Rachel Foundation Inc award?
In 2024, Rachel Foundation Inc awarded 10 grants totaling $19K — an average of about $2K per grant, based on its IRS Form 990 filings.
How much is Rachel Foundation Inc required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Rachel Foundation Inc reported a distributable amount of $12K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Rachel Foundation Inc's EIN?
Rachel Foundation Inc's EIN (Employer Identification Number) is 73-1629566. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in Rachel Foundation Inc's focus areas in our free grants database
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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