Ramaco Foundation

Foundation · Grantmaker Sheridan, WY EIN: 88-2516783

Ramaco Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in Sheridan, WY. IRS filing data is available from 2022 through 2024. As of 2024, the organization holds $662K in total assets. In 2024, it awarded 5 grants totaling $135K. Net investment income was $17K.

Key facts about Ramaco Foundation

EIN: 88-2516783
Latest 990 filing: Form 990-PF, 2024
Annual giving (2024): $135,000
Grants made (2024): 5
Average grant: $27,000
Median grant: $25,000
Total assets: $662,035
Primary geography: Virginia (37% of itemized 2024 grant dollars)

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

Who Ramaco Foundation funds

By grant dollars, the top recipient states for Ramaco Foundation's 5 itemized 2024 grants were Virginia (37%), Wyoming (37%) and West Virginia (26%). The most frequent recipient cities were Triangle, VA (2 grants). 60% of grants with a stated purpose were for general or operating support.

How Ramaco Foundation gives

In 2024 it paid out 355% of its IRS minimum distribution (the 5% rule). Method

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

Next steps with Ramaco Foundation

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Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$662K

-15.3% YoY

Annual Giving

$135K

-27.4% YoY

Grant Count

-76.2% YoY

Avg Grant Size

$27K

+204.8% YoY

Under IRS private-foundation payout rules, Ramaco Foundation reported a distributable amount of $38K for 2024 — the minimum it must pay out in qualifying distributions.

About Ramaco 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

Virginia $50K (37%)

Wyoming $50K (37%)

West Virginia $35K (26%)

Share of all 5 itemized 2024 grant dollars.

States

Oregon Virginia West Virginia Wyoming

Cities

SheridanCharlestonTriangleManGilbertRanchesterBandyBerwindBig HornClearmontDaytonJewell RidgeStoryWilliamson

Financial History

Multi-year comparison from IRS filings

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2024	2023	2022
Total Assets	$662,035	$781,574	$950,000
Revenue	$40,457	$42,160	$1,000,000
Expenses	$159,996	$210,586	$50,000
Qualifying Distributions	$135,000	$186,000	$50,000
Net Investment Income	$17,239	$19,231	—
Distributable Amount	$37,998	$42,744	$4,029

Data update history

When this profile's IRS filing data changed on Grantable

March 3, 2026 IRS filings on file for fiscal years 2022–2024

Giving Over Time

Total grant dollars and number of grants per year

Grant Insights

How this funder distributes its grants

Top Recipients

Top 5 recipients in 2024

Grant Size Distribution

28 grants across all recorded years

Giving History

Grant recipients and amounts by year

Among its reported 2024 grants, the largest recipients include Mans Lions Club ($35,000), Marine Toys for Tots Foundation - West Virginia ($25,000), Marine Toys for Tots Foundation - Wyoming ($25,000).

Recipient	Purpose	Amount
MANS LIONS CLUB Man, WV	GENERAL OPERATING AND CHRISTMAS DRIVE	$35,000
MARINE TOYS FOR TOTS FOUNDATION - WEST VIRGINIA Triangle, VA	TOYS FOR NEEDY CHILDREN	$25,000
MARINE TOYS FOR TOTS FOUNDATION - WYOMING Triangle, VA	TOYS FOR NEEDY CHILDREN	$25,000
THE FOOD GROUP INC Sheridan, WY	GENERAL FUND	$25,000
TOUNGUE RIVER FIRE PROTECTION DISTRICT Ranchester, WY	GENERAL OPERATING	$25,000

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
Evan H Jenkins	President	2	—
Jeremy R Sussman	Treasurer	2	—
Jonathan Tyler Adkins	Secretary	2	—

Subject Areas

Focus areas based on grantmaking activity

Philanthropy, Voluntarism & Grantmaking

Frequently Asked Questions

What is Ramaco Foundation?

Ramaco Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in Sheridan, WY. It holds $662K in total assets as of 2024.

How large is Ramaco Foundation?

As of 2024, Ramaco Foundation holds $662K in total assets with $40K in annual revenue. It awarded 5 grants totaling $135K in 2024.

Where does Ramaco Foundation operate?

Ramaco Foundation has awarded grants in Oregon, Virginia, West Virginia, Wyoming.

What size grants does Ramaco Foundation award?

In 2024, Ramaco Foundation awarded 5 grants totaling $135K — an average of about $27K per grant, based on its IRS Form 990 filings.

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

Private foundations must generally distribute about 5% of their assets annually. For 2024, Ramaco Foundation reported a distributable amount of $38K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.