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 grants totaling $2K. Net investment income was $146.
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 grants totaling $2K. Net investment income was $146.
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
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 |
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 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
From 2024 IRS filing
From 2024 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 grants 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 grants 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.
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