Rak Charitable Foundation

Q: How much does Rak Charitable Foundation give each year?

Rak Charitable Foundation gave $253K across 1 grant in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $436K across 1 grant.

Q: How large is Rak Charitable Foundation?

Rak Charitable Foundation reported $357K in total assets on its 2024 IRS Form 990-PF. It paid out $253K in qualifying distributions that year, against a required minimum of $10K (roughly 5% of its investment assets).

Foundation · Grantmaker Monsey, NY EIN: 20-0489700

Philanthropy, Voluntarism & Grantmaking

Rak Charitable Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in Monsey, NY. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $357K in total assets. In 2024, it awarded 1 grant totaling $253K. Net investment income was $152K.

Key facts about Rak Charitable Foundation

In short: Rak Charitable Foundation gave $253K across 1 grant in 2024 (avg $253K), mostly in New York. Source: 2024 IRS Form 990-PF.

EIN: 20-0489700
Latest 990 filing: Form 990-PF, 2024
Annual giving (2024): $253,339
Grants made (2024): 1
Average grant: $253,339
Median grant: $253,339
Total assets: $357,383
Primary geography: New York (100% of itemized 2024 grant dollars)

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

Quick answers about Rak Charitable Foundation

How much does Rak Charitable Foundation give each year?

Rak Charitable Foundation gave $253K across 1 grant in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $436K across 1 grant.

How large is Rak Charitable Foundation?

Rak Charitable Foundation reported $357K in total assets on its 2024 IRS Form 990-PF. It paid out $253K in qualifying distributions that year, against a required minimum of $10K (roughly 5% of its investment assets).

How Rak Charitable Foundation gives

Giving fell 38% from 2021 to 2024. Method
In 2024 it paid out well above its IRS minimum distribution (the 5% rule). Method

From the foundation's IRS Form 990-PF filings. Methodology.

Next steps with Rak Charitable Foundation

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Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$357K

-5.8% YoY

Annual Giving

$253K

-41.9% YoY

Grant Count

+0.0% YoY

Avg Grant Size

$253K

-41.9% YoY

Under IRS private-foundation payout rules, Rak Charitable Foundation reported a distributable amount of $10K for 2024 — the minimum it must pay out in qualifying distributions.

About Rak Charitable 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

New York $253K (100%)

Share of all 1 itemized 2024 grant dollars.

States

New York

Financial History

Multi-year comparison from IRS filings

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2024	2023	2022
Total Assets	$357,383	$379,402	$667,781
Revenue	$254,040	$156,864	$361,251
Expenses	$265,589	$445,243	$466,986
Qualifying Distributions	$253,339	$436,243	$464,429
Net Investment Income	$151,880	$3,360	$393,581
Distributable Amount	$9,868	$19,753	$23,561

Data update history

When this profile's IRS filing data changed on Grantable

March 1, 2026 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

5 grants across all recorded years

Giving History

Grant recipients and amounts by year

Recipient	Purpose	Amount
VARIOUS SEE ATTACHED Various, NY	CHARITABLE	$253,339

Leadership & Key People

Officers and directors from IRS filings

Rak Charitable Foundation is led by Abraham Katz, President on every filing since 2021; none of the 2 officers listed in 2024 report compensation.

Officers on the 2024 filing

Abraham Katz

President

On filings since 2021

0.5 hrs/week

No compensation reported
Risa Katz

Vice President

On filings since 2020

0.1 hrs/week

No compensation reported

Former officers (1)

Former: Abe Katz (2020) — President

Data from IRS Form 990 filings, 2020–2024. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.

Subject Areas

Focus areas based on grantmaking activity

Philanthropy, Voluntarism & Grantmaking

Frequently Asked Questions

What is Rak Charitable Foundation?

Rak Charitable Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in Monsey, NY. It holds $357K in total assets as of 2024.