Rae Family Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in NEW YORK, NY. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $959K in total assets. In 2024, it awarded 3 grants totaling $61K. Net investment income was $88K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$959K
+2.6% YoY
Annual Giving
$61K
+21.0% YoY
Grant Count
3
+50.0% YoY
Avg Grant Size
$20K
-19.3% YoY
Under IRS private-foundation payout rules, Rae Family Foundation reported a distributable amount of $57K for 2024 — the minimum it must pay out in qualifying distributions.
About Rae Family Foundation
Based on IRS filings
Rae Family Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in NEW YORK, NY. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $959K in total assets. In 2024, it awarded 3 grants totaling $61K. Net investment income was $88K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $958,707 | $934,393 | $929,121 |
| Revenue | $103,312 | $68,231 | $96,682 |
| Expenses | $78,998 | $62,959 | $68,347 |
| Qualifying Distributions | $64,000 | $50,000 | $55,200 |
| Net Investment Income | $88,314 | $57,272 | $86,335 |
| Distributable Amount | $57,227 | $50,585 | $49,855 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 3 recipients in 2024
Grant Size Distribution
12 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Harvey Mudd College ($25,000), The Broad Stage ($25,000), Sima Studios ($10,500).
| Recipient | Purpose | Amount |
|---|---|---|
| HARVEY MUDD COLLEGE CLAREMONT, CA | HIGHER EDUCATION | $25,000 |
| THE BROAD STAGE SANTA MONICA, CA | GENERAL SUPPORT | $25,000 |
| SIMA STUDIOS WEST HOLLYWOOD, CA | GENERAL SUPPORT | $10,500 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| GREGORY RAE | PRESIDENT | 1 | — |
| JILL RAE | OFFICER | — | — |
| STEPHEN RAE | OFFICER | — | — |
| JUSTIN RAE | OFFICER | — | — |
| KEVIN RAE | OFFICER | — | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Rae Family Foundation?
Rae Family Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in NEW YORK, NY. It holds $959K in total assets as of 2024.
How large is Rae Family Foundation?
As of 2024, Rae Family Foundation holds $959K in total assets with $103K in annual revenue. It awarded 3 grants totaling $61K in 2024.
Where does Rae Family Foundation operate?
Rae Family Foundation has awarded grants in California.
What size grants does Rae Family Foundation award?
In 2024, Rae Family Foundation awarded 3 grants totaling $61K — an average of about $20K per grant, based on its IRS Form 990 filings.
How much is Rae Family Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Rae Family Foundation reported a distributable amount of $57K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Rae Family Foundation's EIN?
Rae Family Foundation's EIN (Employer Identification Number) is 13-4350630. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in Rae Family 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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