Ratio Foundation Inc
Ratio Foundation Inc is a private foundation, based in Indianapolis, IN. IRS filing data is available from 2020 through 2024. In 2024, it awarded 9 grants totaling $19K. Net investment income was $3.
Ratio Foundation Inc at a glance
In short: Ratio Foundation Inc gave $19K across 9 grants in 2024 (avg $2K), mostly in Indiana. Source: 2024 IRS Form 990-PF.
- Annual giving (2024)
- $19,250
- -54.0% vs 2023
- Grants made (2024)
- 9
- -30.8% vs 2023
- Average grant
- $2,139
- -33.6% vs 2023
- Median grant
- $1,750
- Primary geography
- Indiana (52% 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 Ratio Foundation Inc funds
How this funder distributes its grants
Top Recipients
Top 9 recipients in 2024
The largest 2024 recipient was Indy Criterium Inc ($5K). Together the top 9 received $19K.
Grant Size Distribution
36 grants across all recorded years
The most common grant size was under $50K: 36 grants of 36 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2024 grant dollars across all 9 itemized grants.
Cities
How Ratio Foundation Inc gives
- Giving held roughly steady from 2021 to 2024 (−14%). Method
- In 2024 it paid out well above 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 2020 to 2024, annual grant giving ranged from $11K (2022) to $42K (2023). In 2024 it made 9 grants totaling $19K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Indy Criterium Inc Indianapolis, IN | General | $5,000 |
| North Carolina State University Fnd Raleigh, NC | General | $3,000 |
| University of IL Foundation Champaign, IL | General | $3,000 |
| Aspire Higher Foundation Indianapolis, IN | General | $2,500 |
| Don Moyer Boys & Girls Club Champaign, IL | General | $1,750 |
| In Situ Studio Raleigh, NC | General | $1,500 |
| Ace Mentor Profram of Indiana Inc Indianapolis, IN | General | $1,000 |
| Indiana Architectural Foundation Inc Indianapolis, IN | General | $1,000 |
| Friends of Indy Indianapolis, IN | General | $500 |
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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 | — | $16,766 | $19,287 | $19,250 | 9 | $19,250 | $3 | $17 |
| 2023 | $21 | $42,006 | $41,993 | $41,848 | 13 | $41,848 | $8 | $90 |
| 2022 | $8 | $11,002 | $11,048 | $11,000 | 3 | $11,000 | $2 | $2 |
| 2021 | $54 | $22,418 | $22,395 | $22,287 | 7 | $22,287 | $1 | $2 |
| 2020 | $31 | $12,110 | $12,114 | $11,970 | 4 | — | — | $47 |
Under IRS private-foundation payout rules, Ratio Foundation Inc reported a distributable amount of $17 for 2024 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
Ratio Foundation Inc is led by William A. Browne Jr., President on every filing since 2020; none of the 3 officers listed in 2024 report compensation.
Officers on the 2024 filing
William A. Browne Jr.
President
On filings since 2020
No compensation reported
Bryan Strube
Treasurer
Secretary & Treasurer → Treasurer, 2024
On filings since 2022
No compensation reported
Christopher Boardman
Secretary
New on the 2024 filing
No compensation reported
Former officers (1)
- Former: R. Timothy Barrick (2020–2023) — Secretary & Treasurer
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 Ratio Foundation Inc
How much does Ratio Foundation Inc give each year?
Ratio Foundation Inc gave $19K across 9 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $42K across 13 grants.
What is Ratio Foundation Inc's typical grant size?
Ratio Foundation Inc's median grant in 2024 was $1,750, and its average grant was $2,139, across 9 grants on its 2024 IRS Form 990-PF.
Where does Ratio Foundation Inc give grants?
Ratio Foundation Inc gives mostly in Indiana: 52% of the grant dollars itemized on its 2024 IRS Form 990-PF went to recipients there. The next largest states were Illinois (25%) and North Carolina (23%). The most frequent recipient cities were Indianapolis, IN (5 grants), Champaign, IL (2 grants) and Raleigh, NC (2 grants).
Does Ratio Foundation Inc give general operating support?
Yes: 100% of Ratio Foundation Inc's 2024 grants with a stated purpose (9 of 9) were for general or operating support, per its 2024 IRS Form 990-PF.
Who are Ratio Foundation Inc's largest grantees?
Ratio Foundation Inc's largest 2024 grantees include Indy Criterium Inc ($5,000), North Carolina State University Fnd ($3,000) and University of IL Foundation ($3,000), according to its 2024 IRS Form 990-PF. Together they received 57% of its itemized 2024 grant dollars.
How much is Ratio Foundation Inc required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Ratio Foundation Inc reported a distributable amount of $17 on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Ratio Foundation Inc's EIN?
Ratio Foundation Inc's EIN (Employer Identification Number) is 20-1436022. 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
- IRS filings on file for fiscal years 2020–2024
Live grants for the work Ratio Foundation Inc funds
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