Raines Foundation

Foundation · Grantmaker SANDY, UT EIN: 87-0685648

Raines Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in SANDY, UT. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $42K in total assets. In 2024, it awarded 2 grants totaling $2K. Net investment income was $2K.

Key facts about Raines Foundation

EIN: 87-0685648
Latest 990 filing: Form 990-PF, 2024
Annual giving (2024): $2,150
Grants made (2024): 2
Average grant: $1,075
Median grant: $1,075
Total assets: $41,797
Primary geography: Utah (100% of itemized 2024 grant dollars)

Data from IRS Form 990-PF, 2024; updated April 2026.

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$42K

-2.5% YoY

Annual Giving

$2K

-6.5% YoY

Grant Count

+0.0% YoY

Avg Grant Size

$1K

-6.5% YoY

Under IRS private-foundation payout rules, Raines Foundation reported a distributable amount of $2K for 2024 — the minimum it must pay out in qualifying distributions.

About Raines Foundation

Based on IRS filings

Focus Areas

Philanthropy, Voluntarism & Grantmaking

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

Utah $2K (100%)

Share of all 2 itemized 2024 grant dollars.

States

Utah

Cities

SandyCottonwood Heights

Financial History

Multi-year comparison from IRS filings

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2024	2023	2022
Total Assets	$41,797	$42,889	$43,788
Revenue	$1,702	$1,405	$290
Expenses	$2,794	$2,304	$2,305
Qualifying Distributions	$2,150	$2,300	$2,300
Net Investment Income	$1,702	$1,405	$290
Distributable Amount	$2,072	$2,133	$2,219

Giving Over Time

Total grant dollars and number of grants per year

Grant Insights

How this funder distributes its grants

Top Recipients

Top 2 recipients in 2024

Grant Size Distribution

8 grants across all recorded years

Giving History

Grant recipients and amounts by year

Among its reported 2024 grants, the largest recipients include Blessed Sacrament Catholic Church ($1,650), The LDS Church ($500).

Recipient	Purpose	Amount
Blessed Sacrament Catholic Church Sandy, UT	Religious education and facility maintenance	$1,650
The LDS Church Sandy, UT	Religious education and facility maintenance	$500

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

From 2024 IRS filing

From 2024 filing

Name	Title	Hours	Compensation
Christine A Raines	TTEE Pres	1	—
William M Raines	TTEE VP	—	—

Subject Areas

Focus areas based on grantmaking activity

Philanthropy, Voluntarism & Grantmaking

Frequently Asked Questions

What is Raines Foundation?

Raines Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in SANDY, UT. It holds $42K in total assets as of 2024.

How large is Raines Foundation?

As of 2024, Raines Foundation holds $42K in total assets with $2K in annual revenue. It awarded 2 grants totaling $2K in 2024.

Where does Raines Foundation operate?

Raines Foundation has awarded grants in Utah.

What size grants does Raines Foundation award?

In 2024, Raines Foundation awarded 2 grants totaling $2K — an average of about $1K per grant, based on its IRS Form 990 filings.

How much is Raines Foundation required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2024, Raines Foundation reported a distributable amount of $2K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.