Rady Foundation
Rady Foundation is a private foundation based in San Diego, California. Its 2025 filing records grants to charitable organizations, including a children’s hospital foundation, social-service and community organizations, a university, a religious congregation, and cultural and public-safety organizations.
Rady Foundation at a glance
In short: Rady Foundation gave $4.1M across 15 grants in 2025 (avg $273K), mostly in California. 57% of 2025 grantees were new. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $4,088,122
- +3.7% vs 2024
- Grants made (2025)
- 15
- +36.4% vs 2024
- Average grant
- $272,541
- -24.0% vs 2024
- Median grant
- $5,000
- Total assets
- $93,650,425
- +15.1% vs 2024
- New grantees (estimate)
- 57% first-time grantees (8 of 14, 2025; small sample)
- Primary geography
- California (100% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990-PF, 2025 View filing
Data from IRS Form 990-PF, 2025; updated October 2026. New grantees are estimated by matching recipient names across years (methodology).
How to apply to Rady Foundation
- Accepts unsolicited proposals
- No
- How to Apply
-
The foundation states that it makes contributions only to preselected charitable organizations and does not accept unsolicited requests for funds.
- Contact
Mailing address: 3430 Carmel Mountain Road 150, San Diego, CA 92121
Phone: (858) 345-1463
Website: https://radyfoundation.org
Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.
Who Rady Foundation funds
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2025
The largest 2025 recipient was Rady Children's Hospital Foundation ($2.0M). Together the top 10 received $4.1M.
Grant Size Distribution
78 grants across all recorded years
The most common grant size was under $50K: 47 grants of 78 (60%).
Geographic Focus
Where this funder awards grants
The 2025 filing reports 100% of grant dollars going to California recipients. The listed grants also include small awards to Friends of United Hatzalah in New York and Clarion Project in Texas.
Grant Distribution by State
Share of 2025 grant dollars across all 15 itemized grants.
Cities
Is Rady Foundation open to new grantees?
57%
first-time grantees, 2025
In 2025, 8 of 14 grantees (57%) were first-time recipients. With only 14 grantees, that is a small sample: one grantee more or less moves the share by about 7 points. First grants averaged $289K; repeat grants $296K. How we count
Medians: $2K first-time, $150K repeat.
- 36% of 2025 grantees were also funded in 2024. Method
- Giving grew 61% from 2022 to 2025. Method
- In 2025 it paid out 123% of its IRS minimum distribution (the 5% rule). Method
Estimate from itemized grant lists in IRS Form 990-PF filings (2020–2025). Recipient names are matched across years, so a renamed or misspelled grantee can look new; grants to individuals are left out. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2025, annual grant giving ranged from $49K (2020) to $23.6M (2021). In 2025 it made 15 grants totaling $4.1M.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Rady Children's Hospital Foundation San Diego, CA | Rady Children's Health | $2,000,000 |
| Jewish Family Service San Diego, CA | General Fund | $974,597 |
| Jewish Federation- SD San Diego, CA | General Fund | $500,000 |
| University of CA San Diego La Jolla, CA | Sullivan Center-Entrepreneurship & Innovation Current Fund | $200,000 |
| Congregation Beth Israel San Diego, CA | Building Campaign | $200,000 |
| Kindness Initiative La Jolla, CA | General Fund | $100,000 |
| University of CA San Diego La Jolla, CA | Evelyn & Ernest Rady Graduate Fellowship Fund | $100,000 |
| San Diego Automotive Museum San Diego, CA | General Fund | $5,000 |
| San Diego Food Bank San Diego, CA | General Fund | $2,000 |
| San Diego Police Foundation San Diego, CA | General Fund | $2,000 |
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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 |
|---|---|---|---|---|---|---|---|---|
| 2025 | $93,650,425 | $20,664,711 | $4,297,196 | $4,088,122 | 15 | $4,262,772 | $20,252,470 | $3,468,813 |
| 2024 | $81,370,040 | $-478,142 | $4,145,749 | $3,943,100 | 11 | $4,117,769 | $2,365,061 | $3,701,700 |
| 2023 | $85,519,700 | $20,129,624 | $3,153,354 | $2,943,250 | 9 | $3,116,553 | $1,987,823 | $2,505,868 |
| 2022 | $68,205,605 | $10,201,151 | $2,808,353 | $2,534,035 | 24 | $2,709,370 | $2,596,048 | $2,449,685 |
| 2021 | $60,636,136 | $15,386,881 | $23,829,987 | $23,632,268 | 19 | $23,805,211 | $7,946,105 | $2,862,090 |
| 2020 | $74,196,894 | $6,481,849 | $264,934 | $48,840 | 8 | — | $956,270 | $2,385,143 |
Under IRS private-foundation payout rules, Rady Foundation reported a distributable amount of $3.5M for 2025 — the minimum it must pay out in qualifying distributions.
Research compiled by Grantable AI from public sources. Last updated September 2026.
Mission & Focus Areas
No mission statement for the Rady Foundation is provided. Its 2025 grants show support for organizations working in varied areas. For example, Rady Children’s Hospital Foundation describes its mission as fundraising for Rady Children’s Hospital San Diego, the Rady Children’s Institute for Genomic Medicine, and Rady Children’s Health. Kindness Initiative says it works to alleviate poverty in the San Diego Jewish community by meeting vulnerable households’ basic needs through case management and distribution of personal and household goods. The San Diego Automotive Museum describes itself as an educational and cultural institution focused on preserving automotive arts and sciences.
Grantmaking
In 2025, the foundation reported 15 grants totaling $4,088,122. Grants ranged from $150 to $2,000,000, with a median of $5,000. The largest awards included $2,000,000 to Rady Children’s Hospital Foundation for “Rady Children’s Health,” $974,597 to Jewish Family Service for its general fund, and $500,000 to Jewish Federation-SD for its general fund. Other notable grants included $200,000 to the University of California San Diego for its Sullivan Center-Entrepreneurship & Innovation Current Fund and $200,000 to Congregation Beth Israel for a building campaign.
Leadership & Key People
Leadership team and compensation from IRS filings
The 2025 filing lists Ernest S. Rady as trustee and Min Zheng as CFO.
Rady Foundation's 2025 filing lists 2 officers; none of the 2 officers listed in 2025 report compensation.
Officers on the 2025 filing
Ernest S Rady
Trustee
On filings since 2020
10 hrs/week
No compensation reported
Min Zheng
CFO
Treasurer → CFO, 2021
On filings since 2020
No compensation reported
Data from IRS Form 990 filings, 2020–2025. "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 Rady Foundation
How much does Rady Foundation give each year?
Rady Foundation gave $4.1M across 15 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $3.9M across 11 grants.
What is Rady Foundation's typical grant size?
Rady Foundation's median grant in 2025 was $5,000, and its average grant was $272,541, across 15 grants on its 2025 IRS Form 990-PF. Organizations receiving their first grant from Rady Foundation that year got $289K on average.
Where does Rady Foundation give grants?
Rady Foundation gives mostly in California: 100% of the grant dollars itemized on its 2025 IRS Form 990-PF went to recipients there. The most frequent recipient cities were San Diego, CA (9 grants) and La Jolla, CA (3 grants).
Does Rady Foundation give general operating support?
Yes: 73% of Rady Foundation's 2025 grants with a stated purpose (11 of 15) were for general or operating support, per its 2025 IRS Form 990-PF.
Who are Rady Foundation's largest grantees?
Rady Foundation's largest 2025 grantees include Rady Children's Hospital Foundation ($2,000,000), Jewish Family Service ($974,597) and Jewish Federation- SD ($500,000), according to its 2025 IRS Form 990-PF. Together they received 85% of its itemized 2025 grant dollars.
How large is Rady Foundation?
Rady Foundation reported $93.7M in total assets on its 2025 IRS Form 990-PF. It paid out $4.3M in qualifying distributions that year, against a required minimum of $3.5M (roughly 5% of its investment assets).
What does Rady Foundation fund?
No mission statement for the Rady Foundation is provided. Its 2025 grants show support for organizations working in varied areas. See mission & focus areas ↑
How do I apply for a grant from Rady Foundation?
The foundation states that it makes contributions only to preselected charitable organizations and does not accept unsolicited requests for funds. Eligibility and process details are in the grantmaking section of this profile. See how to apply ↑
What is Rady Foundation's EIN?
Rady Foundation's EIN (Employer Identification Number) is 85-0715670. IRS Form 990 filing data is available on this page for 2020–2025.
Does Rady Foundation accept unsolicited proposals?
No, according to Grantable's research on the foundation's published guidelines. See how to apply ↑
Data last updated October 2026. Sourced from IRS Form 990-PF filings. Research dossier generated September 2026.
Data update history
(6)
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2020 (received by the IRS November 4, 2021)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS May 16, 2022)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS May 15, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS April 23, 2024)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS March 25, 2025)
- Added Form 990-PF for fiscal year 2025 (received by the IRS May 11, 2026)
Explore Open Grants
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Cite this profile
Grantable. (2026). Rady Foundation funder profile. GrantGraph. Retrieved October 11, 2026, from https://grantable.co/funders/rady-foundation-morg_16397f83493f4311bddf50c1a59fbcbb
BibTeX
@misc{grantable_850715670_2026,
author = {{Grantable}},
title = {{Rady Foundation funder profile}},
howpublished = {GrantGraph},
year = {2026},
url = {https://grantable.co/funders/rady-foundation-morg_16397f83493f4311bddf50c1a59fbcbb},
note = {Accessed 2026-10-11. Data licensed CC BY 4.0}
}The figures on this page are open data under CC BY 4.0: reuse them with credit to Grantable and a link. Download the data.
Figures come from Rady Foundation's IRS filings (methodology). AI-written summaries, news items and logos are not covered by the open licence. Spot an error? Email hello@grantable.co.
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