Raelamar Weaver & Margaret Weaver

LOUISVILLE, KY EIN: 23-7058162

Raelamar Weaver & Margaret Weaver is a private foundation, based in LOUISVILLE, KY. IRS filing data is available from 2021 through 2024. As of 2024, the organization holds $173K in total assets. In 2024, it awarded 1 grants totaling $20K. Net investment income was $7K.

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$173K

-9.2% YoY

Annual Giving

$20K

Grant Count

Avg Grant Size

$20K

Under IRS private-foundation payout rules, Raelamar Weaver & Margaret Weaver reported a distributable amount of $9K for 2024 — the minimum it must pay out in qualifying distributions.

About Raelamar Weaver & Margaret Weaver

Based on IRS filings

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

Tennessee $51K (100%)

States

Tennessee

Cities

Copperhill

Financial History

Multi-year comparison from IRS filings

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2024	2023	2022
Total Assets	$172,542	$190,102	$184,138
Revenue	$9,142	$8,238	$11,847
Expenses	$26,702	$2,274	$17,226
Qualifying Distributions	$22,407	—	$11,315
Net Investment Income	$6,778	$5,964	$8,782
Distributable Amount	$9,157	$8,750	$10,560

Giving Over Time

Total grant dollars and number of grants per year

Grant Insights

How this funder distributes its grants

Top Recipients

Top 1 recipients in 2024

Grant Size Distribution

3 grants across all recorded years

Giving History

Grant recipients and amounts by year

Among its reported 2024 grants, the largest include Copper Basin Rural Community Association ($20,000).

Recipient	Purpose	Amount
COPPER BASIN RURAL COMMUNITY ASSOCIATION COPPERHILL, TN	SCHOLARSHIP FUND	$20,000

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

From 2024 IRS filing

From 2024 filing

Name	Title	Hours	Compensation
RAYMOND WEAVER	TRUSTEE	0.5	—
MEG WESTLEY	DIRECTOR	0.5	—
FRANCES WESTLEY	DIRECTOR	0.5	—
NEIL WESTLEY	DIRECTOR	0.5	—

Frequently Asked Questions

How large is Raelamar Weaver & Margaret Weaver?

As of 2024, Raelamar Weaver & Margaret Weaver holds $173K in total assets with $9K in annual revenue. It awarded 1 grants totaling $20K in 2024.

Where does Raelamar Weaver & Margaret Weaver operate?

Raelamar Weaver & Margaret Weaver has awarded grants in Tennessee.

What size grants does Raelamar Weaver & Margaret Weaver award?

In 2024, Raelamar Weaver & Margaret Weaver awarded 1 grants totaling $20K — an average of about $20K per grant, based on its IRS Form 990 filings.

How much is Raelamar Weaver & Margaret Weaver required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2024, Raelamar Weaver & Margaret Weaver reported a distributable amount of $9K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.

What is Raelamar Weaver & Margaret Weaver's EIN?

Raelamar Weaver & Margaret Weaver's EIN (Employer Identification Number) is 23-7058162. IRS Form 990 filing data is available on this page for 2021–2024.