Rainess Schwab Velazquez
Rainess Schwab Velazquez is a private foundation, based in Warren, RI. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $11K in total assets. In 2024, it awarded 1 grant totaling $2K. Net investment income was $146.
Key facts about Rainess Schwab Velazquez
- EIN
- 22-3694790
- Latest 990 filing
- Form 990-PF, 2024
- Annual giving (2024)
- $2,360
- Grants made (2024)
- 1
- Average grant
- $2,360
- Median grant
- $2,360
- Total assets
- $11,015
- Primary geography
- New Jersey (100% of itemized 2024 grant dollars)
Data from IRS Form 990-PF, 2024; updated April 2026.
How Rainess Schwab Velazquez gives
- Giving fell 24% from 2021 to 2024. Method
- In 2024 it paid out 415% of its IRS minimum distribution (the 5% rule). Method
From the foundation's IRS Form 990-PF filings. Methodology.
Next steps with Rainess Schwab Velazquez
- How to evaluate Rainess Schwab Velazquez as a funder
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Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$11K
-9.4% YoY
Annual Giving
$2K
+0.0% YoY
Grant Count
1
+0.0% YoY
Avg Grant Size
$2K
+0.0% YoY
Under IRS private-foundation payout rules, Rainess Schwab Velazquez reported a distributable amount of $569 for 2024 — the minimum it must pay out in qualifying distributions.
About Rainess Schwab Velazquez
Based on IRS filings
Rainess Schwab Velazquez is a private foundation, based in Warren, RI. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $11K in total assets. In 2024, it awarded 1 grant totaling $2K. Net investment income was $146.
Ready to take the next step with Rainess Schwab Velazquez?
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of all 1 itemized 2024 grant dollars.
States
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $11,015 | $12,154 | $15,083 |
| Revenue | $782 | $16 | $303 |
| Expenses | $2,360 | $2,360 | $450 |
| Qualifying Distributions | $2,360 | $2,360 | $350 |
| Net Investment Income | $146 | $258 | $203 |
| Distributable Amount | $569 | $667 | $658 |
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 1 recipients in 2024
Grant Size Distribution
7 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest recipients include Various ($2,360).
| Recipient | Purpose | Amount |
|---|---|---|
| VARIOUS Long Branch, NJ | OPERATING | $2,360 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
No officer or director reported compensation in the available filings.
From 2024 IRS filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| Seth J Rainess | President | — | — |
| Robert M First | Treasurer | — | — |
Frequently Asked Questions
How large is Rainess Schwab Velazquez?
As of 2024, Rainess Schwab Velazquez holds $11K in total assets with $782 in annual revenue. It awarded 1 grant totaling $2K in 2024.
Where does Rainess Schwab Velazquez operate?
Rainess Schwab Velazquez has awarded grants in Maryland, New Jersey, New York.
What size grants does Rainess Schwab Velazquez award?
In 2024, Rainess Schwab Velazquez awarded 1 grant totaling $2K — an average of about $2K per grant, based on its IRS Form 990 filings.
How much is Rainess Schwab Velazquez required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Rainess Schwab Velazquez reported a distributable amount of $569 on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Rainess Schwab Velazquez's EIN?
Rainess Schwab Velazquez's EIN (Employer Identification Number) is 22-3694790. IRS Form 990 filing data is available on this page for 2020–2024.
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.