Rasmussen Family Foundation Inc

Private foundation · Grantmaker Jupiter, FL EIN: 84-4159773

Rasmussen Family Foundation Inc is a private foundation, based in Jupiter, FL. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $1.2M in total assets. In 2024, it awarded 1 grant totaling $100K. Net investment income was $23K.

Rasmussen Family Foundation Inc at a glance

In short: Rasmussen Family Foundation Inc gave $100K across 1 grant in 2024 (avg $100K), mostly in Florida. Source: 2024 IRS Form 990-PF.

Annual giving (2024)
$100,000
+100.0% vs 2023
Grants made (2024)
1
+0.0% vs 2023
Average grant
$100,000
+100.0% vs 2023
Median grant
$100,000
Total assets
$1,156,489
+14.3% vs 2023
Primary geography
Florida (100% of itemized 2024 grant dollars)
Latest 990 filing
Form 990-PF, 2024 View filing

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

Who Rasmussen Family Foundation Inc funds

How this funder distributes its grants

Top Recipients

Top recipient in 2024

The King's Academy: $100KThe King's Academy$100K

The largest 2024 recipient was The King's Academy ($100K).

Grant Size Distribution

4 grants across all recorded years

2<$50K1$50–100K1$100–250K$250–500K$500K–1M$1–5M$5M+

The most common grant size was under $50K: 2 grants of 4 (50%).

Geographic Focus

Where this funder awards grants

Grant Distribution by State

1state

Share of the 2024 grant dollars on its one itemized grant.

States

Cities

West Palm Beach

How Rasmussen Family Foundation Inc gives

  • Giving grew 300% from 2021 to 2024. Method
  • In 2024 it paid out 186% 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

$0$25K$50K$75K$100K0 grants2020 1 grant2021 1 grant2022 1 grant2023 1 grant2024

From 2021 to 2024, annual grant giving ranged from $25K (2021) to $100K (2024). In 2024 it made 1 grant totaling $100K.

Grants by year

Grant recipients and amounts by year

RecipientPurposeAmount
The King's Academy West Palm Beach, FLGeneral Support$100,000
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Financial History

Multi-year comparison from IRS filings

Figures from IRS filings, by filing year
Filing yearTotal AssetsRevenueExpensesGrants paidGrantsQualifying DistributionsNet Investment IncomeDistributable Amount
2024$1,156,489$206,239$109,969$100,0001$100,000$22,762$53,704
2023$1,011,576$111,286$62,378$50,0001$54,500$19,325$43,473
2022$833,905$219,709$45,772$40,0001$40,000$10,675$32,395
2021$699,388$508,882$26,737$25,0001$25,000$6,634$12,371
2020$210,000$210,000—————$85

Under IRS private-foundation payout rules, Rasmussen Family Foundation Inc reported a distributable amount of $54K for 2024 — the minimum it must pay out in qualifying distributions.

Leadership & Key People

Officers and directors from IRS filings

Rasmussen Family Foundation Inc's 2024 filing lists 5 officers; none of the 5 officers listed in 2024 report compensation.

Officers on the 2024 filing

  • Jordan Leigh Thomas

    Director & V

    On filings since 2020

    0.1 hrs/week

    No compensation reported

  • Margarita L. H. Rasmussen

    Director & V

    On filings since 2020

    0.3 hrs/week

    No compensation reported

  • Rebecca Cinca

    Director & V

    On filings since 2020

    0.1 hrs/week

    No compensation reported

  • Stephen Tyler Rasmussen

    Director & V

    On filings since 2020

    0.1 hrs/week

    No compensation reported

  • Steven T. Rasmussen

    Director & P

    On filings since 2020

    0.3 hrs/week

    No compensation reported

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.

Frequently asked questions about Rasmussen Family Foundation Inc

How much does Rasmussen Family Foundation Inc give each year?

Rasmussen Family Foundation Inc gave $100K across 1 grant in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $50K across 1 grant.

How large is Rasmussen Family Foundation Inc?

Rasmussen Family Foundation Inc reported $1.2M in total assets on its 2024 IRS Form 990-PF. It paid out $100K in qualifying distributions that year, against a required minimum of $54K (roughly 5% of its investment assets).

Where does Rasmussen Family Foundation Inc operate?

Rasmussen Family Foundation Inc has awarded grants in Florida.

What is Rasmussen Family Foundation Inc's EIN?

Rasmussen Family Foundation Inc's EIN (Employer Identification Number) is 84-4159773. IRS Form 990 filing data is available on this page for 2020–2024.

Data last updated September 2026. Sourced from IRS Form 990-PF filings.

Data update history

(1)

When this profile's IRS filing data changed on Grantable

  1. IRS filings on file for fiscal years 2020–2024

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The filing figures on this page are open data under CC BY 4.0. About GrantGraph Open

Figures come from Rasmussen Family Foundation Inc'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.

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