Raphael Levy Memorial Foundation
The Raphael Levy Memorial Foundation is a private family foundation based in Denver, Colorado. Established in the 1950s by Jack and Hannah Levy, the foundation was created with funds generated from the family's business operations. The foundation operates as a 501(c)(3) organization and has maintained tax-exempt status since June 1948.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
—
-100.0% YoY
Annual Giving
$354K
-43.4% YoY
Grant Count
23
+155.6% YoY
Avg Grant Size
$15K
-77.9% YoY
Under IRS private-foundation payout rules, Raphael Levy Memorial Foundation reported a distributable amount of $11K for 2024 — the minimum it must pay out in qualifying distributions.
Mission & Focus Areas
The foundation is guided by the Jewish value of Tikkun Olam—a commitment to repairing and improving the world. The foundation's philanthropic efforts focus on several key areas:
- Civil rights
- Education
- Health and welfare
- Environment
- Arts and culture
- State of Israel
- Housing and affordable homeownership
The foundation emphasizes advancing social justice and celebrating diversity in its grantmaking decisions.
Grantmaking
The foundation makes grants through a donor-advised fund housed at Rose Community Foundation, which provides expert guidance on grant decisions.
Grant Range
** $600 to $372,236, with an average grant size of approximately $79,204.
Average Grant
of approximately $79,204.
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Geographic Focus
Where this funder awards grants
The foundation primarily funds organizations in Colorado, with a particular emphasis on the Denver metropolitan area and surrounding communities including Centennial and Aurora.
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
2023 Financial Data:
- Revenue: $32,781
- Expenses: $650,000
- Total Assets: $378,000
- Total Liabilities: $1,070
The foundation files Form 990-PF annually with the IRS.
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | — | $378,176 | $996,563 |
| Revenue | $8,454 | $32,781 | $-109,383 |
| Expenses | $385,559 | $650,113 | $587,002 |
| Qualifying Distributions | $369,190 | $633,497 | $562,212 |
| Net Investment Income | — | $16,165 | — |
| Distributable Amount | $11,199 | $35,067 | $67,820 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
Grant Size Distribution
57 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Project Worthmore ($51,500), Redline Contemporty Art Center ($50,000), Lighthouse Writers Workshop ($50,000).
| Recipient | Purpose | Amount |
|---|---|---|
| NATIONAL RESOURCE DEFENSE COUNCIL ALBANY, NY | COMMUNITY WELFARE | $2,000 |
| MUSIC THERAPY OF THE ROCKIES ASPEN, CO | MENTAL HEALTH | $1,000 |
| PROJECT WORTHMORE AURORA, CO | COMMUNITY WELFARE | $51,500 |
| THE NATURE CONSERVANCY BOULDER, CO | ENVIRONMENTAL CONSERVATION | $2,000 |
| NATIVE AMERICAN RIGHTS FUND BOULDER, CO | ENVIRONMENTAL CONSERVATION | $2,000 |
| HIGHLINE CANAL CONSERVANCY CENTENNIAL, CO | ENVIRONMENTAL CONSERVATION | $10,000 |
| CENTER FOR HEALTH & HOPE CENTENNIAL, CO | COMMUNITY WELFARE | $6,500 |
| WOMENS' BEAN PROJECT DENVER, CO | COMMUNITY WELFARE | $15,000 |
| ADL MOUNTAIN STATES DENVER, CO | COMMUNITY WELFARE | $25,000 |
| REDLINE CONTEMPORTY ART CENTER DENVER, CO | ARTS | $50,000 |
Leadership & Key People
Leadership team and compensation from IRS filings
Justin Levy serves as President of the Raphael Levy Memorial Foundation. Justin holds a master's degree in nonprofit management from Regis University (earned in 2021) and works as Assistant Director of Marketing and Communications at the Newman Center for the Performing Arts. He represents one of three family branches involved in the foundation's governance.
The foundation was originally established by Justin's grandfather, Jack Levy, and great aunt, Hannah Levy. Jack Levy was a respected philanthropist and member of the board of trustees at General Rose Memorial Hospital.
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| CAROL GOLDBURG | DIRECTOR | 1 | $1,200 |
| LISA LEVY | VICE PRESIDENT/TREASURER | 2 | $3,000 |
| JUSTIN LEVY | PRESIDENT/SECRETARY | 8 | $7,500 |
Recent News & Activity
Recent developments and announcements
In 2022, the foundation invested in Habitat for Humanity of Metro Denver's Aria Homes development project, recognizing affordable housing as one of Denver's most pressing issues. This investment reflected the foundation's expanded focus on housing and affordable homeownership in response to Denver's affordability challenges.
The foundation continues to support Jewish Family Service as a consistent grantee, with significant grants awarded in both 2022 and 2023, indicating a sustained commitment to this organization's work in the community.
Leon Levy Foundation Awards Additional $860,092 Grant to Center for JewishFrequently Asked Questions
What does Raphael Levy Memorial Foundation fund?
The foundation is guided by the Jewish value of Tikkun Olam—a commitment to repairing and improving the world. The foundation's philanthropic efforts focus on several key areas: • Civil rights • Education • Health and welfare • Environment • Arts and culture • State of Israel • Housing and affordable homeownership The foundation emphasizes advancing social justice and celebrating diversity in its grantmaking decisions.
How do I apply for a grant from Raphael Levy Memorial Foundation?
The foundation makes grants through a donor-advised fund housed at Rose Community Foundation, which provides expert guidance on grant decisions. **Recent Grant Activity (2021-2023):** • **2023:** Three grants totaling $230,600 • Temple Emanuel (Denver, CO): $225,000 • Jewish Family Service (Denver, CO): $5,000 • Center for Health & Hope (Centennial, CO): $600 • **2022:** Four grants totaling $528,336 • Jewish Family Service (Denver, CO): $372,236 • Habitat for Humanity (Denver, CO): $150,000 • …
Where does Raphael Levy Memorial Foundation make grants?
The foundation primarily funds organizations in Colorado, with a particular emphasis on the Denver metropolitan area and surrounding communities including Centennial and Aurora.
What size grants does Raphael Levy Memorial Foundation award?
In 2024, Raphael Levy Memorial Foundation awarded 23 grants totaling $354K — an average of about $15K per grant, based on its IRS Form 990 filings.
How much is Raphael Levy Memorial Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Raphael Levy Memorial Foundation reported a distributable amount of $11K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Raphael Levy Memorial Foundation's EIN?
Raphael Levy Memorial Foundation's EIN (Employer Identification Number) is 84-6022586. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in Raphael Levy Memorial Foundation's focus areas in our free grants database
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Data last updated June 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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