Rainbolt Family Foundation
The Rainbolt Family Foundation is a private independent foundation established in Oklahoma and based in Oklahoma City, Oklahoma. The foundation holds 501(c)(3) tax-exempt status, granted in April 2000. It operates as a private non-operating foundation focused on philanthropic grantmaking.
Key facts about Rainbolt Family Foundation
- EIN
- 73-1531898
- Latest 990 filing
- Form 990-PF, 2024
- Annual giving (2024)
- $172,000
- Grants made (2024)
- 46
- Average grant
- $3,739
- Median grant
- $1,000
- New grantees (estimate)
- 30% first-time grantees (14 of 46, 2024)
- Total assets
- $1,978,900
- Primary geography
- Oklahoma (94% of itemized 2024 grant dollars)
Data from IRS Form 990-PF, 2024; updated September 2026. New grantees are estimated by matching recipient names across years (methodology).
Who Rainbolt Family Foundation funds
By grant dollars, the top recipient states for Rainbolt Family Foundation's 46 itemized 2024 grants were Oklahoma (94%) and Ohio (6%). The most frequent recipient cities were Oklahoma City, OK (38 grants) and Norman, OK (2 grants). None of its 46 grants with a stated purpose were described as general or operating support. Recurring purposes include "Financial Support" (46 grants).
Is Rainbolt Family Foundation open to new grantees?
30%
first-time grantees, 2024
In 2024, 14 of 46 grantees (30%) were first-time recipients. First grants averaged $7K; repeat grants $2K. How we count
Medians: $1K first-time, $1K repeat.
- 61% of 2024 grantees were also funded in 2023. Method
- Giving held roughly steady from 2021 to 2024 (−14%). Method
- In 2024 it paid out 122% of its IRS minimum distribution (the 5% rule). Method
Estimate from itemized IRS Form 990-PF grant lists (2020–2024). Recipient names are matched across years, so a renamed or misspelled grantee can look new; grants to individuals are left out. Methodology.
Next steps with Rainbolt Family Foundation
- How to evaluate Rainbolt Family Foundation as a funder
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Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$2.0M
-2.9% YoY
Annual Giving
$172K
+1.6% YoY
Grant Count
46
-11.5% YoY
Avg Grant Size
$4K
+14.8% YoY
Under IRS private-foundation payout rules, Rainbolt Family Foundation reported a distributable amount of $141K for 2024 — the minimum it must pay out in qualifying distributions.
Ready to take the next step with Rainbolt Family Foundation?
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of all 46 itemized 2024 grant dollars.
Cities
Financial History
Multi-year comparison from IRS filings
As of December 2024:
- Total Assets: $1.98 million
- Revenue: $127,881
- Expenses: $186,312
- Net Income: -$58,431
Historical Asset Growth:
- December 2013: $152,018
- December 2015: $694,282
- December 2016: $1,173,546
- December 2017: $1,776,719
- December 2018: $2,216,482
- December 2019: $2,167,128
- December 2020: $2,035,898
- December 2021: $2,249,028
- December 2022: $2,137,573
- December 2023: $2,037,332
Total Giving (2023): $169,300
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $1,978,900 | $2,037,332 | $2,137,573 |
| Revenue | $127,881 | $85,228 | $65,136 |
| Expenses | $186,312 | $185,469 | $176,591 |
| Qualifying Distributions | $172,881 | $170,176 | $162,580 |
| Net Investment Income | $77,214 | $69,935 | $51,125 |
| Distributable Amount | $141,409 | $116,361 | $127,461 |
Data update history
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2024
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 2024
Grant Size Distribution
236 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest recipients include St Luke's Methodist Church ($25,000), First Americans Museum Foundation ($25,000), Whiz Kids of Oklahoma ($25,000).
| Recipient | Purpose | Amount |
|---|---|---|
| ST LUKE'S METHODIST CHURCH Oklahoma City, OK | FINANCIAL SUPPORT | $25,000 |
| FIRST AMERICANS MUSEUM FOUNDATION Oklahoma City, OK | FINANCIAL SUPPORT | $25,000 |
| WHIZ KIDS OF OKLAHOMA Oklahoma City, OK | FINANCIAL SUPPORT | $25,000 |
| OKLAHOMA CITY BALLET Oklahoma City, OK | FINANCIAL SUPPORT | $10,000 |
| OKC REPOSITARY THEATRE Oklahoma City, OH | FINANCIAL SUPPORT | $10,000 |
| BOYS AND GIRLS CLUB OF OKLAHOMA COUNTY Oklahoma City, OK | FINANCIAL SUPPORT | $6,500 |
| CALM WATERS Oklahoma City, OK | FINANCIAL SUPPORT | $6,250 |
| OKC PUBLIC SCHOOLS FOUNDATION Oklahoma City, OK | FINANCIAL SUPPORT | $5,000 |
| BANCFIRST EMPLOYEE DISASTER RELIEF FUND Oklahoma City, OK | FINANCIAL SUPPORT | $5,000 |
| OK JUSTICE CIRCLE Oklahoma City, OK | FINANCIAL SUPPORT | $5,000 |
Leadership & Key People
Leadership team and compensation from IRS filings
The foundation is associated with the Rainbolt family. Gene Rainbolt is recognized as a major donor to the University of Oklahoma, having made a leadership gift to support the Graduate School of Business at the Michael F. Price College of Business—the second largest gift in the college's history at the time of announcement. This gift was significant enough that the Graduate School of Business was named in recognition of the donation.
Compensation Overview
No officer or director reported compensation in the available filings.
From 2024 IRS filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| H E Rainbolt | President/Director | — | — |
| David E Rainbolt | Treasurer/Director | — | — |
| Leslie Rainbolt | Secretary | — | — |
Contact Information
Address: PO Box 26788, Oklahoma City, OK 73126-0788
Telephone: 405-270-1000
Contact Person: Felicia Apel
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What size grants does Rainbolt Family Foundation award?
In 2024, Rainbolt Family Foundation awarded 46 grants totaling $172K — an average of about $4K per grant, based on its IRS Form 990 filings.
How much is Rainbolt Family Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Rainbolt Family Foundation reported a distributable amount of $141K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Rainbolt Family Foundation's EIN?
Rainbolt Family Foundation's EIN (Employer Identification Number) is 73-1531898. IRS Form 990 filing data is available on this page for 2020–2024.
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Data last updated September 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.