Rachel Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in SAINT MICHAEL, MN. IRS filing data is available from 2021 through 2024. As of 2024, the organization holds $131K in total assets. In 2024, it awarded 27 grants totaling $48K. Net investment income was $3K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$131K
+46.8% YoY
Annual Giving
$48K
+18.1% YoY
Grant Count
27
+12.5% YoY
Avg Grant Size
$2K
+5.0% YoY
Under IRS private-foundation payout rules, Rachel Foundation reported a distributable amount of $7K for 2024 — the minimum it must pay out in qualifying distributions.
About Rachel Foundation
Based on IRS filings
Rachel Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in SAINT MICHAEL, MN. IRS filing data is available from 2021 through 2024. As of 2024, the organization holds $131K in total assets. In 2024, it awarded 27 grants totaling $48K. Net investment income was $3K.
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 | $131,484 | $89,575 | $65,470 |
| Revenue | $132,438 | $91,227 | $96,000 |
| Expenses | $90,529 | $67,122 | $35,530 |
| Qualifying Distributions | $89,029 | $64,446 | $35,530 |
| Net Investment Income | $3,340 | — | $13 |
| Distributable Amount | $7,015 | $4,822 | $874 |
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
64 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Cystic Fibrosis Foundation ($8,000), Ap Const Charitable Events Foundation ($4,000), Fore Parkinson's ($3,000).
| Recipient | Purpose | Amount |
|---|---|---|
| NATIONAL SAFETY COUNCIL INC ITASCA, IL | ST. MICHAEL FIRE DEPT. | $1,500 |
| DELTA WATERFOWL BISMARCK, ND | DONATION | $500 |
| MILLER-DWAN FOUNDATION DULUTH, MN | SHOOT FOR FUN | $1,500 |
| 1 ROOF COMMUNITY HOUSING DULUTH, MN | DONATION | $1,250 |
| THUNDER FOR A CAUSE ST MICHAEL, MN | DOANTION | $500 |
| CROSS SERVICES ROGERS, MN | SILVER SPONSOR | $2,500 |
| ANNANDALE YOUTH FIRST INC ANNANDALE, MN | DONATION | $1,000 |
| MLMB FIRST RESPONSE TEAM HILLMAN, MN | LACE'EM UP SPONSOR | $1,000 |
| THUMBS UP 5K ELK RIVER, MN | LACE'EM UP SPONSOR | $1,000 |
| CHAD SMITH RIDE FOR LIFE ALBERTVILLE, MN | DONATION | $1,500 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| DONALD RACHEL | PRESIDENT | 1 | — |
| MATTHEW COZ | TREASURER | 1 | — |
| ANDREA SMITH | SECRETARY | 1 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Rachel Foundation?
Rachel Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in SAINT MICHAEL, MN. It holds $131K in total assets as of 2024.
How large is Rachel Foundation?
As of 2024, Rachel Foundation holds $131K in total assets with $132K in annual revenue. It awarded 27 grants totaling $48K in 2024.
Where does Rachel Foundation operate?
Rachel Foundation has awarded grants in Illinois, Louisiana, Massachusetts, Maryland, Minnesota, North Dakota, Tennessee.
What size grants does Rachel Foundation award?
In 2024, Rachel Foundation awarded 27 grants totaling $48K — an average of about $2K per grant, based on its IRS Form 990 filings.
How much is Rachel Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Rachel Foundation reported a distributable amount of $7K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Rachel Foundation's EIN?
Rachel Foundation's EIN (Employer Identification Number) is 87-2960273. IRS Form 990 filing data is available on this page for 2021–2024.
Explore Open Grants
Browse active grant opportunities in Rachel Foundation'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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