Rad Foundation
Rad Foundation is a private foundation, based in Shoreline, WA. IRS filing data is available from 2024 through 2025. As of 2025, the organization holds $243K in total assets. In 2025, it awarded 3 grants totaling $6K. Net investment income was $29K.
Rad Foundation at a glance
In short: Rad Foundation gave $6K across 3 grants in 2025 (avg $2K), mostly in Washington. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $5,500
- Grants made (2025)
- 3
- Average grant
- $1,833
- Median grant
- $1,500
- Total assets
- $242,691
- -19.3% vs 2024
- Primary geography
- Washington (73% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990-PF, 2025 View filing
Data from IRS Form 990-PF, 2025; updated September 2026.
Who Rad Foundation funds
How this funder distributes its grants
Top Recipients
Top 2 recipients in 2025
The largest 2025 recipient was University of Washington ($3K). Together the top 2 received $4K.
Organizations only. It also paid 1 individual scholarship ($1,500), which are not listed by name.
Grant Size Distribution
3 grants across all recorded years
The most common grant size was under $50K: 3 grants of 3 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2025 grant dollars across all 3 itemized grants.
States
Cities
How Rad Foundation gives
- In 2025 it paid out 37% 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
In 2025 it made 3 grants totaling $6K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| University of Washington Seattle, WA | Tuition Scholarship | $2,500 |
| Gonzaga University Spokane, WA | Tuition Scholarship | $1,500 |
| 1 individual scholarship Recipients not named | — | $1,500 |
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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 |
|---|---|---|---|---|---|---|---|---|
| 2025 | $242,691 | $32,968 | $11,447 | $5,500 | 3 | $5,500 | $28,530 | $15,018 |
| 2024 | $300,702 | $307,702 | $7,000 | — | — | — | — | $323 |
Under IRS private-foundation payout rules, Rad Foundation reported a distributable amount of $15K for 2025 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
Rad Foundation is led by Virginia Franey, President on every filing since 2024; none of the 2 officers listed in 2025 report compensation.
Officers on the 2025 filing
Virginia Franey
President
On filings since 2024
1 hr/week
No compensation reported
Brian Franey
Secretary
On filings since 2024
1 hr/week
No compensation reported
Data from IRS Form 990 filings, 2024–2025. "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 Rad Foundation
How much does Rad Foundation give each year?
Rad Foundation gave $6K across 3 grants in 2025, according to its 2025 IRS Form 990-PF.
What is Rad Foundation's typical grant size?
Rad Foundation's median grant in 2025 was $1,500, and its average grant was $1,833, across 3 grants on its 2025 IRS Form 990-PF.
Where does Rad Foundation give grants?
Rad Foundation gives mostly in Washington: 73% of the grant dollars itemized on its 2025 IRS Form 990-PF went to recipients there. The next largest state was Iowa (27%).
Does Rad Foundation give general operating support?
Not in 2025: none of the 3 grants with a stated purpose on Rad Foundation's 2025 IRS Form 990-PF were described as general or operating support. Recurring purposes include "Tuition Scholarship" (3 grants).
How large is Rad Foundation?
Rad Foundation reported $243K in total assets on its 2025 IRS Form 990-PF. It paid out $6K in qualifying distributions that year, against a required minimum of $15K (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.
What is Rad Foundation's EIN?
Rad Foundation's EIN (Employer Identification Number) is 33-2457177. IRS Form 990 filing data is available on this page for 2024–2025.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(2)
When this profile's IRS filing data changed on Grantable
- Added Form 990-PF for fiscal year 2024 (received by the IRS November 14, 2025)
- Added Form 990-PF for fiscal year 2025 (received by the IRS August 11, 2026)
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