Rao Family Foundation

Foundation · Grantmaker Hinckley, OH EIN: 26-3829237

Rao Family Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in Hinckley, OH. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $339K in total assets. In 2024, it awarded 4 grants totaling $8K. Net investment income was $9K.

Key facts about Rao Family Foundation

EIN: 26-3829237
Latest 990 filing: Form 990-PF, 2024
Annual giving (2024): $7,750
Grants made (2024): 4
Average grant: $1,938
Median grant: $625
Total assets: $338,551
Primary geography: Ohio (97% of itemized 2024 grant dollars)

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

Who Rao Family Foundation funds

By grant dollars, the top recipient states for Rao Family Foundation's 4 itemized 2024 grants were Ohio (97%). None of its 4 grants with a stated purpose were described as general or operating support. Recurring purposes include "Medical" (3 grants).

How Rao Family Foundation gives

Giving fell 50% from 2021 to 2024. Method
In 2024 it paid out 66% of its IRS minimum distribution (the 5% rule). Foundations have until the end of the next year to meet it. Method

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

Next steps with Rao Family Foundation

How to evaluate Rao Family Foundation as a funder
Our grant prospecting guide: read the 990-PF, check fit, and decide whether to apply.
Draft an LOI to Rao Family Foundation with AI
AI grant writing that drafts from your organization’s own materials, in your voice.
Track this opportunity in a free grant tracker
A free Google Sheets or Excel template for deadlines, award terms, and reports due.

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$339K

+14.8% YoY

Annual Giving

$8K

-9.9% YoY

Grant Count

-33.3% YoY

Avg Grant Size

$2K

+35.2% YoY

Under IRS private-foundation payout rules, Rao Family Foundation reported a distributable amount of $16K for 2024 — the minimum it must pay out in qualifying distributions.

About Rao Family Foundation

Based on IRS filings

Focus Areas

Philanthropy, Voluntarism & Grantmaking

Your AI grants department

Ready to take the next step with Rao Family Foundation?

Assess fit for your org Draft an LOI Find open RFPs

Fully replaces Grant database subscriptions Instrumentl · Foundation Directory · GrantStation & similar

Geographic Focus

Where this funder awards grants

Grant Distribution by State

Ohio $8K (97%)

Kansas $250 (3%)

Share of all 4 itemized 2024 grant dollars.

States

Kansas New York Ohio Tennessee Washington

Cities

ClevelandShaker HeightsParmaRichfieldHinckleyLeawoodMemphisNew YorkSolonSeattle

Financial History

Multi-year comparison from IRS filings

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2024	2023	2022
Total Assets	$338,551	$294,953	$282,555
Revenue	$14,990	$19,883	—
Expenses	$13,302	$16,593	—
Qualifying Distributions	$10,526	$12,097	—
Net Investment Income	$8,668	$6,264	—
Distributable Amount	$15,913	$14,893	—

Data update history

When this profile's IRS filing data changed on Grantable

March 2, 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 4 recipients in 2024

Grant Size Distribution

26 grants across all recorded years

Giving History

Grant recipients and amounts by year

Among its reported 2024 grants, the largest recipients include Southwest Community ($6,250), The Quad Preperatory School ($1,000), Aipno Endowment Fund ($250).

Recipient	Purpose	Amount
SOUTHWEST COMMUNITY Cleveland, OH	MEDICAL	$6,250
THE QUAD PREPERATORY SCHOOL Hinckley, OH	SOCIAL	$1,000
AIPNO ENDOWMENT FUND Shaker Heights, OH	MEDICAL	$250
AMERICAN SPORTS MEDICINE ASSOCIATIO Leawood, KS	MEDICAL	$250

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
L C Rao	President	1	—
Jean Rao	Vice Preside	1	—

Subject Areas

Focus areas based on grantmaking activity

Philanthropy, Voluntarism & Grantmaking

Frequently Asked Questions

What is Rao Family Foundation?

Rao Family Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in Hinckley, OH. It holds $339K in total assets as of 2024.

How large is Rao Family Foundation?

As of 2024, Rao Family Foundation holds $339K in total assets with $15K in annual revenue. It awarded 4 grants totaling $8K in 2024.

Where does Rao Family Foundation operate?

Rao Family Foundation has awarded grants in Kansas, New York, Ohio, Tennessee, Washington.

What size grants does Rao Family Foundation award?

In 2024, Rao Family Foundation awarded 4 grants totaling $8K — an average of about $2K per grant, based on its IRS Form 990 filings.

How much is Rao Family Foundation required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2024, Rao Family Foundation reported a distributable amount of $16K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.