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.
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.
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
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 |
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
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.
Explore Open Grants
Browse active grant opportunities in Rainbolt Family Foundation's focus areas in our free grants database
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Data last updated June 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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