Rae of Hope Foundation
The Rae of Hope Foundation is a private grantmaking foundation based in Reston, Virginia. Established in 2011 and designated as a 501(c)(3) organization, the foundation operates as a family foundation focused on philanthropic giving and charitable support across multiple sectors.
Key facts about Rae of Hope Foundation
- EIN
- 27-4318144
- Latest 990 filing
- Form 990-PF, 2025
- Annual giving (2025)
- $165,925
- Grants made (2025)
- 41
- Average grant
- $4,047
- Median grant
- $1,500
- Primary geography
- Virginia (90% of itemized 2025 grant dollars)
Data from IRS Form 990-PF, 2025; updated September 2026.
Who Rae of Hope Foundation funds
By grant dollars, the top recipient states for Rae of Hope Foundation's 41 itemized 2025 grants were Virginia (90%) and Maryland (7%). The most frequent recipient cities were Fairfax, VA (4 grants), Centreville, VA (3 grants), Fredericksburg, VA (2 grants) and Henrico, VA (2 grants). 2% of grants with a stated purpose were for general or operating support. Recurring purposes include "Broom Tree Loan Forgiveness" (37 grants).
How Rae of Hope Foundation gives
- Giving grew 24% from 2022 to 2025. Method
From the foundation's IRS Form 990-PF filings. Methodology.
Next steps with Rae of Hope Foundation
- How to evaluate Rae of Hope Foundation as a funder
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Financial Overview
From 2025 IRS Form 990-PF · View filing
Total Assets
—
Annual Giving
$166K
+10.9% YoY
Grant Count
41
-6.8% YoY
Avg Grant Size
$4K
+19.0% YoY
Mission & Focus Areas
The foundation's primary funding interests include:
- Broomtree loan forgiveness programs
- Racial justice initiatives (Thrive for Racial Justice)
- Support for community programs (Camel Day Cafe)
- Summer intern programs
- Staff spiritual development
- Education, philanthropy, voluntarism, and grantmaking
- Human services
Grantmaking
The foundation made 44 grants in 2024. Recent grants include:
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Geographic Focus
Where this funder awards grants
The foundation primarily funds organizations in Virginia, Maryland, and North Carolina.
Grant Distribution by State
Share of all 41 itemized 2025 grant dollars.
States
Cities
Financial History
Multi-year comparison from IRS filings
As of December 2024:
- Total Assets: $661,184
- Total Revenues: $139,854
- Total Expenses: $256,160
- Total Giving: $149,629
Revenue Breakdown (2024):
- Grants and contributions: $21,201
- Investment income and dividends: $27,892
- Net gain from sale of non-inventory assets: $90,761
As of December 2023:
- Total Assets: $777,000
- Total Revenues: $307,000
- Total Expenses: $410,000
The foundation carries no liabilities and operates with zero employees.
| Metric | 2025 | 2024 | 2023 |
|---|---|---|---|
| Total Assets | — | — | — |
| Revenue | — | — | — |
| Expenses | — | — | — |
| Qualifying Distributions | — | — | — |
| Net Investment Income | — | — | — |
| Distributable Amount | — | — | — |
Data update history
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2019–2025
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 2025
Grant Size Distribution
219 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2025 grants, the largest recipients include Faith Aid ($76,000), Southeastern District Lutheran Church - Missouri Synod ($10,800), Fredericksburg Christian Health Center ($10,000).
| Recipient | Purpose | Amount |
|---|---|---|
| FAITH AID Broadlands, VA | MUSTARD SEED HOUSE AND GENERAL SUPPORT | $76,000 |
| SOUTHEASTERN DISTRICT LUTHERAN CHURCH - MISSOURI SYNOD Henrico, VA | SPIRITUAL PILGRIMAGE FOR A CLERGYMAN AND HIS SPOUSE | $10,800 |
| FREDERICKSBURG CHRISTIAN HEALTH CENTER Fredericksburg, VA | FREDERICKSBURG CHRISTIAN HEALTH CENTER STAFF DEVELOPMENT AND SUPPORT | $10,000 |
| YOUTH FOR TOMORROW Bristow, VA | FOR THE 40TH ANNUAL COUNTRY FAIR | $5,000 |
| JESSICA CHAVARRIA Fredericksburg, VA | BROOM TREE LOAN FORGIVENESS | $3,000 |
| JILLISA SPOTTISWOOD Wake Forest, NC | BROOM TREE LOAN FORGIVENESS | $3,000 |
| JUSTIN KLUMFER Stewartville, MN | BROOM TREE LOAN FORGIVENESS | $3,000 |
| KATHERINE AGUILAR Fairfax, VA | BROOM TREE LOAN FORGIVENESS | $2,000 |
| KAYLA GRACIA NEAL Fairfax, VA | BROOM TREE LOAN FORGIVENESS | $2,000 |
| KRISTI VIVIRITO Bristow, VA | BROOM TREE LOAN FORGIVENESS | $2,000 |
Leadership & Key People
Leadership team and compensation from IRS filings
The foundation is managed through Sterling Foundation Management LLC and can be reached at 703-437-9720.
Compensation Overview
From 2025 IRS filing
From 2025 IRS filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| William Joseph Carlin | President/Director | 8 | $32,636 |
| Sara L Carlin | Secretary/Treasurer/Director | 1 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What does Rae of Hope Foundation fund?
The foundation's primary funding interests include: • Broomtree loan forgiveness programs • Racial justice initiatives (Thrive for Racial Justice) • Support for community programs (Camel Day Cafe) • Summer intern programs • Staff spiritual development • Education, philanthropy, voluntarism, and grantmaking • Human services
How do I apply for a grant from Rae of Hope Foundation?
The foundation made 44 grants in 2024. Recent grants include: • **Fredericksburg Christian Health Center (FCHC)**: $10,000 for staff enrichment and development (2024) • **SCAN of Northern Virginia**: $3,400 for general support (2024) Typical grant awards range from $1,000 to $200,000.
Where does Rae of Hope Foundation make grants?
The foundation primarily funds organizations in Virginia, Maryland, and North Carolina.
What size grants does Rae of Hope Foundation award?
In 2025, Rae of Hope Foundation awarded 41 grants totaling $166K — an average of about $4K per grant, based on its IRS Form 990 filings.
What is Rae of Hope Foundation's EIN?
Rae of Hope Foundation's EIN (Employer Identification Number) is 27-4318144. IRS Form 990 filing data is available on this page for 2019–2025.
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Data last updated September 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.