RAST Foundation is a private independent foundation established in 2017 and based in Bethesda, Maryland. The foundation operates as a 501(c)(3) organization designated for philanthropic and grantmaking purposes.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$94.8M
+22.3% YoY
Annual Giving
$2.8M
-33.1% YoY
Grant Count
20
-35.5% YoY
Avg Grant Size
$141K
+3.6% YoY
Under IRS private-foundation payout rules, Rast Foundation reported a distributable amount of $4.2M for 2024 — the minimum it must pay out in qualifying distributions.
Mission & Focus Areas
The foundation's mission centers on mobilizing community and global resources to support and impact public education through initiatives, programs, and promising practices designed to improve student performance and advance quality educational opportunities for all children.
Primary funding areas include:
- Education
- Philanthropy, Voluntarism & Grantmaking
- Human Services
Grantmaking
The foundation makes discretionary grants primarily through trustee-directed grantmaking rather than structured grant programs with specific application windows. According to available records, RAST Foundation has made 51 grants totaling $10.7 million, with a median grant of $8,000.
Grant Range
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How to Apply
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Geographic Focus
Where this funder awards grants
The foundation supports organizations primarily in:
- Maryland
- District of Columbia
- Massachusetts
- New York
- Pakistan
The foundation has a national focus with particular concentration in the Mid-Atlantic region.
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
Assets:
- Total assets (2024): $94,805,201
- Total assets (2023): $77.5 million
- Total assets (2018): $17.3 million
Annual Giving & Revenue:
- Total giving (2024): $2,826,765
- Total revenues (2024): $30,122,263
- Total expenses (2024): $4,162,264
- Annual giving (2023): $4,227,443
- Annual giving (2022): $6.6 million
- Annual giving (2020): $1.2 million
Liabilities:
- Total liabilities (2023): $0
Grantmaking Growth: The foundation's grantmaking has grown significantly, from 8 awards in 2021 to 16 awards in 2022 and 31 awards in 2023. Since 2020, the foundation has awarded 64 individual grants totaling $20,568,472.
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $94,805,201 | $77,515,659 | $65,198,751 |
| Revenue | $30,122,263 | $-1,867,190 | $22,821,254 |
| Expenses | $4,162,264 | $5,725,572 | $3,859,251 |
| Qualifying Distributions | $2,893,136 | $4,273,598 | $3,308,691 |
| Net Investment Income | $17,005,869 | — | $6,898,163 |
| Distributable Amount | $4,207,767 | $3,735,152 | $3,581,159 |
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
78 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include American Endowment Foundation ($2,008,290), Scotland African Methodist Episcopal Zion Church ($250,000), Don Bosco Cristo Rey ($191,475).
| Recipient | Purpose | Amount |
|---|---|---|
| ALZHEIMER'S DRUG DISCOVERY FOUNDATION NEW YORK, NY | GREAT LADIES LUNCHEON AND FASHION SHOW | $10,000 |
| ALZHEIMER'S ASSOCIATION CHICAGO, IL | IN MEMORY OF THOMAS CAMPOPIANO JR. | $5,000 |
| CATHOLIC CHARITIES OF THE ARCHDIOCESE OF WASHINGTON INC WASHINGTON, DC | OUR LADY OF MERCY PARISH | $100,000 |
| BRIGHAM AND WOMEN'S HOSPITAL BOSTON, MA | 2024 CHASING HOPE LUNCHEON | $10,000 |
| CHILDREN'S NATIONAL HOSPITAL FOUNDATION SILVER SPRING, MD | CHILDREN'S BALL 2024 | $5,000 |
| DON BOSCO CRISTO REY WASHINGTON, DC | PLEDGE DONATION | $191,475 |
| IMAGINATION STAGE WASHINGTON, DC | ANNUAL GALA | $5,000 |
| KINDH POTOMAC, MD | GENERAL CONTRIBUTION | $2,000 |
| MERCY HEALTH CLINIC GAITHERSBURG, MD | GENERAL CONTRIBUTION | $5,000 |
| NATIONAL MUSEUM OF WOMEN IN THE ARTS WASHINGTON, DC | SPONSOR CIRCLE LEVEL | $2,500 |
Leadership & Key People
Leadership team and compensation from IRS filings
Key Officers:
- Robert L. Trone, President and Director (serves without compensation)
- Anna Marie Parisi-Trone, Vice President and Director (serves without compensation)
Robert Trone is co-founder of Total Wine & More and has been recognized for extensive philanthropy. He and his wife Anna were named Philanthropists of the Year by The Community Foundation in Montgomery County in 2015.
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| ROBERT L TRONE | DIRECTOR, PRESIDENT | — | — |
| ANNA MARIE PARISI-TRONE | DIRECTOR, VICE PRESIDENT | — | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What does Rast Foundation fund?
The foundation's mission centers on mobilizing community and global resources to support and impact public education through initiatives, programs, and promising practices designed to improve student performance and advance quality educational opportunities for all children. Primary funding areas include: • Education • Philanthropy, Voluntarism & Grantmaking • Human Services
How do I apply for a grant from Rast Foundation?
**Grant Activity:** The foundation makes discretionary grants primarily through trustee-directed grantmaking rather than structured grant programs with specific application windows. According to available records, RAST Foundation has made 51 grants totaling $10.7 million, with a median grant of $8,000. **Grant Sizes:** • Individual grants have ranged from $500 to $3 million • Average award: $209,000 • Typical award range: $35 to $3,002,843 **Recent Grant Examples (2023-2024):** • Williams Colle…
Where does Rast Foundation make grants?
The foundation supports organizations primarily in: • Maryland • District of Columbia • Massachusetts • New York • Pakistan The foundation has a national focus with particular concentration in the Mid-Atlantic region.
What size grants does Rast Foundation award?
In 2024, Rast Foundation awarded 20 grants totaling $2.8M — an average of about $141K per grant, based on its IRS Form 990 filings.
How much is Rast Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Rast Foundation reported a distributable amount of $4.2M on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Rast Foundation's EIN?
Rast Foundation's EIN (Employer Identification Number) is 81-0723895. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in Rast 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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