Ramy Foundation
Ramy Foundation is a private foundation, based in Mankato, MN. IRS filing data is available from 2021 through 2024. As of 2024, the organization holds $208K in total assets. In 2024, it awarded 1 grant totaling $12K. Net investment income was $7K.
Ramy Foundation at a glance
In short: Ramy Foundation gave $12K across 1 grant in 2024 (avg $12K), mostly in Minnesota. Source: 2024 IRS Form 990-PF.
- Annual giving (2024)
- $12,300
- -54.5% vs 2023
- Grants made (2024)
- 1
- +0.0% vs 2023
- Average grant
- $12,300
- -54.5% vs 2023
- Median grant
- $12,300
- Total assets
- $208,085
- -3.1% vs 2023
- Primary geography
- Minnesota (100% of itemized 2024 grant dollars)
- Latest 990 filing
- Form 990-PF, 2024 View filing
Data from IRS Form 990-PF, 2024; updated October 2026.
Who Ramy Foundation funds
How this funder distributes its grants
Grant Size Distribution
4 grants across all recorded years
The most common grant size was under $50K: 4 grants of 4 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of the 2024 grant dollars on its one itemized grant.
States
Cities
How Ramy Foundation gives
- Giving fell 57% from 2021 to 2024. Method
- In 2024 it paid out 119% of its IRS minimum distribution (the 5% rule). Method
From the foundation's IRS Form 990-PF filings. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2021 to 2024, annual grant giving ranged from $12K (2024) to $29K (2021). In 2024 it made 1 grant totaling $12K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| See Attached Donations Mankato, MN | General Use | $12,300 |
Ready to take the next step with Ramy Foundation?
Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Net Investment Income | Distributable Amount |
|---|---|---|---|---|---|---|---|---|
| 2024 | $208,085 | $7,371 | $14,080 | $12,300 | 1 | $12,300 | $7,371 | $10,311 |
| 2023 | $214,794 | $2,239 | $27,075 | $27,050 | 1 | $27,050 | $2,239 | $11,159 |
| 2022 | $239,630 | $-7,196 | $28,025 | $28,000 | 1 | $28,000 | $5,795 | $12,588 |
| 2021 | $274,851 | $12,484 | $29,781 | $28,600 | 1 | $28,600 | $12,484 | $13,788 |
Under IRS private-foundation payout rules, Ramy Foundation reported a distributable amount of $10K for 2024 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
Ramy Foundation is led by Michael T. Ramy, Trustee on every filing since 2021 — the only officer listed, and uncompensated.
Officers on the 2024 filing
Michael T. Ramy
Trustee
On filings since 2021
No compensation reported
Data from IRS Form 990 filings, 2021–2024. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Frequently asked questions about Ramy Foundation
How much does Ramy Foundation give each year?
Ramy Foundation gave $12K across 1 grant in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $27K across 1 grant.
How large is Ramy Foundation?
Ramy Foundation reported $208K in total assets on its 2024 IRS Form 990-PF. It paid out $12K in qualifying distributions that year, against a required minimum of $10K (roughly 5% of its investment assets).
Where does Ramy Foundation operate?
Ramy Foundation has awarded grants in Minnesota.
What is Ramy Foundation's EIN?
Ramy Foundation's EIN (Employer Identification Number) is 41-6053741. IRS Form 990 filing data is available on this page for 2021–2024.
Data last updated October 2026. Sourced from IRS Form 990-PF filings.
Data update history
(5)
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2021 (received by the IRS October 8, 2022)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS October 29, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS May 6, 2024)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS August 5, 2025)
- IRS filings on file for fiscal years 2021–2024
Explore Open Grants
Browse active grant opportunities in Ramy Foundation's focus areas in our free grants database
Similar Funders
Similar funders in Minnesota
The Minneapolis Foundation
Minneapolis, MN
The Minneapolis Foundation funds civic, social, and economic needs, including economic mobility, education, health, the environment, arts, and human services, with most grant dollars going to Minnesota. Its 2025 grants had a median of $25,000, though amounts varied widely. It says no funding opportunities are currently open; whether it accepts unsolicited requests is not stated.
Assets
$1.2B
Grants
1,565
Total Given
$121.7M
Saint Paul & Minnesota Foundation
St. Paul, MN
The Saint Paul & Minnesota Foundation funds community-led work in areas including economic opportunity, health and human services, youth and education, housing, and organizational capacity. Its 2025 grants had a median of $26,000; listed programs offer up to $50,000 for eligible East Metro work and up to $15,000 for qualifying Minnesota organizations. It accepts applications through specific programs, including rolling application opportunities; the Community Solutions Grant Program serves Dakota, Ramsey, and Washington counties.
Assets
$1.7B
Grants
1,473
Total Given
$107.2M
The Richard M Schulze Family Foundation
Minneapolis, MN
The Richard M. Schulze Family Foundation funds education, health care, and human services, including college scholarships, with most support benefiting working- and middle-class families in specified Minnesota and Florida counties; it also makes some national grants. Its 2024 grants had a median of $5,000, though awards ranged from $50 to $10 million. It plans to move to invitation-only grantmaking in 2027; whether it currently accepts unsolicited requests is not stated.
Assets
$218.3M
Grants
1,431
Total Given
$47.9M
First Children's Finance
Minneapolis, MN
First Children’s Finance supports child care businesses and communities through grants for projects such as facility improvements, feasibility studies, and provider support, as well as loans paired with technical assistance. Its 2025 grants ranged from $5,283 to $50,000, with a median of $11,839; grant examples are in Minnesota, Vermont, and Wisconsin, while its loan fund serves 10 states.
Assets
$7.0M
Grants
80
Total Given
$1.1M
C K Blandin Foundation
Grand Rapids, MN
The C K Blandin Foundation funds rural Minnesota projects that build community wealth, improve rural places, strengthen small communities, and support capacity-building, with a primary focus on the Grand Rapids area. Rural grants are typically $25,000–$150,000; it does not accept unsolicited requests, offering opportunities through invitations or competitive RFPs.
Assets
$506.3M
Grants
931
Total Given
$15.8M
Otto Bremer Trust
St. Paul, MN
The Otto Bremer Trust funds organizations and projects addressing community needs and opportunities, including health care and social services, in Minnesota, Montana, North Dakota, and Wisconsin. In 2025, grants ranged from $3,500 to $4.2 million, with a median of $150,000. It does not accept unsolicited requests or direct grant applications; Community Responsive Fund grants are offered through selected intermediaries.
Assets
$1.4B
Grants
180
Total Given
$57.2M
More similar funders
More Funders in Minnesota
The filing figures on this page are open data under CC BY 4.0. About GrantGraph Open
Figures come from Ramy Foundation's IRS filings (methodology). AI-written summaries, news items and logos are not covered by the open licence. Spot an error? Email hello@grantable.co.
Ramy Foundation down — hundreds of funders to go?