Rainbolt Family Foundation

OKLAHOMA CITY, OK EIN: 73-1531898

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.

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

-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.

Research compiled by Grantable AI from public sources. Last updated April 2026.

Ready to take the next step with Rainbolt Family Foundation?

Assess fit for your org Draft an LOI Find open RFPs

Geographic Focus

Where this funder awards grants

Grant Distribution by State

Oklahoma $829K (96%)

Ohio $15K (2%)

District of Columbia $5K (1%)

Minnesota $5K (1%)

New York $5K (1%)

Washington $3K (0%)

Illinois $250 (0%)

States

District of Columbia Illinois Minnesota New York Ohio Oklahoma Washington

Cities

Broken ArrowChicagoEdmondEnidFederal WayGuthrieN Lincol BlvdNew YorkNichols HillsNormanOklahoma CityRochesterSeminoleShawneeStillwaterTulsaWashington

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

Revenue

Expenses

Qualifying Distributions

Net Investment Income

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

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

230 grants across all recorded years

Giving History

Grant recipients and amounts by year

Among its reported 2024 grants, the largest include St Luke's Methodist Church ($25,000), First Americans Museum Foundation ($25,000), Whiz Kids of Oklahoma ($25,000).

Recipient	Purpose	Amount
NEIGHBORHOOD SERVICES ORGANIZATION OKLAHOMA CITY, OK	FINANCIAL SUPPORT	$1,000
ALLIED ARTS OKLAHOMA CITY, OK	FINANCIAL SUPPORT	$2,500
OKLAHOMA CITY BALLET OKLAHOMA CITY, OK	FINANCIAL SUPPORT	$10,000
SMILE TRAIN NEW YORK, NY	FINANCIAL SUPPORT	$1,000
YMCA OF GREATER OKLAHOMA CITY OKLAHOMA CITY, OK	FINANCIAL SUPPORT	$1,000
THE SALVATION ARMY OKLAHOMA CITY, OK	FINANCIAL SUPPORT	$3,000
MABEE-GERRER MUSEUM OF ART SHAWNEE, OK	FINANCIAL SUPPORT	$1,000
JEWISH FEDERATION OKLAHOMA CITY, OK	FINANCIAL SUPPORT	$1,000
OKLAHOMA FOUNDATION OF EXCELLENCE OKLAHOMA CITY, OK	FINANCIAL SUPPORT	$3,500
REMERGE OF OKLAHOMA OKLAHOMA CITY, OK	FINANCIAL SUPPORT	$1,000

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

From 2024 IRS filing

From 2024 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

Philanthropy, Voluntarism & Grantmaking

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.