Ray Dolby Legacy Fund
The organization's mission is consistent with the mission of the supported organization, marin community foundation's mission which is the following: mobilizing the power of community and the resources of philanthropy to advance equity for people, places and the planet.
Ray Dolby Legacy Fund at a glance
In short: Ray Dolby Legacy Fund gave $3.6M across 1 grant in 2025 (avg $3.6M), mostly in Massachusetts. Source: 2025 IRS Form 990.
- Annual giving (2025)
- $3,600,000
- -10.7% vs 2024
- Grants made (2025)
- 1
- +0.0% vs 2024
- Average grant
- $3,600,000
- -10.7% vs 2024
- Median grant
- $3,600,000
- Total assets
- $93,868,687
- -2.1% vs 2024
- Primary geography
- Massachusetts (100% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990, 2025 View filing
Data from IRS Form 990, 2025; updated September 2026.
Who Ray Dolby Legacy Fund funds
How this funder distributes its grants
Top Recipients
Top recipient in 2025
The largest 2025 recipient was Association of Marshall Scholars Inc ($3.6M).
Grant Size Distribution
3 grants across all recorded years
The most common grant size was in the $1–5M range: 3 grants of 3 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of the 2025 grant dollars on its one itemized grant.
States
Cities
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2023 to 2025, annual grant giving ranged from $3.6M (2025) to $4.0M (2024). In 2025 it made 1 grant totaling $3.6M.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Association of Marshall Scholars Inc Cambridge, MA | Create a permanent and perpetual endowment fund for the purpose of providing three annual scholarships for third year marshall scholars, to be known as the ray dolby - marshall scholarship fund | $3,600,000 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Net Investment Income |
|---|---|---|---|---|---|---|
| 2025 | $93,868,687 | $131,994 | $3,757,216 | $3,600,000 | 1 | $131,994 |
| 2024 | $95,910,129 | $4,129,229 | $4,119,726 | $4,032,248 | 1 | $129,229 |
| 2023 | $100,243,356 | $87,657,765 | $87,569,754 | $4,032,247 | 1 | $157,228 |
| 2022 | $10,836,808 | $13,415,992 | $20,934 | — | — | $73,742 |
About Ray Dolby Legacy Fund
Based on IRS filings
Ray Dolby Legacy Fund is a public charity, based in Novato, CA. IRS filing data is available from 2019 through 2025. As of 2025, the organization holds $93.9M in total assets. In 2025, it awarded 1 grant totaling $3.6M. Net investment income was $132K.
Focus Areas
Leadership & Key People
Officers and directors from IRS filings
Ray Dolby Legacy Fund is led by Rhea Suh, President & CEO on every filing since 2022; none of the 9 officers listed in 2025 report compensation.
Officers on the 2025 filing
Rhea Suh
President & CEO
On filings since 2022
0.5 hrs/week
No compensation reported
Dagmar Dolby
Board Chair
On filings since 2022
0.5 hrs/week
No compensation reported
Vikki Garrod
Director
On filings since 2022
0.5 hrs/week
No compensation reported
Janelle Cavanagh
Director
On filings since 2024
0.5 hrs/week
No compensation reported
Ashley Smith
Secretary
On filings since 2019
0.5 hrs/week
No compensation reported
Roxanne Richards
Secretary
Trustee → Secretary, 2025
On filings since 2019
0.3 hrs/week
No compensation reported
Sa Hartman
Former CFO
CFO → Former CFO, 2025
On filings since 2019
No compensation reported
Lani Alo
Former Director
Director → Former Director, 2025
On filings since 2022
No compensation reported
Lauren McClelland
CFO
On filings since 2024
0.5 hrs/week
No compensation reported
Former officers (10)
- Former: Thomas Peters (2019–2022) — President & CEO
- Former: Alexandra Derby (2022) — Director
- Former: Daniel Skaff (2019–2020) — Trustee
- Former: Debra Wetherby (2019–2020) — Trustee
- Former: Mark Buell (2019–2020) — Chair
- Former: Maureen Sedonaen (2019–2020) — Trustee
- Former: Mitchell Cohen (2019–2020) — Trustee
- Former: Robert J. Reynolds (2019–2020) — Trustee
- Former: Saul Pena (2019–2020) — Trustee
- Former: Peter Hamilton (2020) — Trustee
Data from IRS Form 990 filings, 2019–2025. "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 Ray Dolby Legacy Fund
How much does Ray Dolby Legacy Fund give each year?
Ray Dolby Legacy Fund gave $3.6M across 1 grant in 2025, according to its 2025 IRS Form 990. In 2024 it gave $4.0M across 1 grant.
How large is Ray Dolby Legacy Fund?
Ray Dolby Legacy Fund reported $93.9M in total assets on its 2025 IRS Form 990. Its revenue that year was $132K.
Where does Ray Dolby Legacy Fund operate?
Ray Dolby Legacy Fund has awarded grants in Massachusetts, New York.
What is Ray Dolby Legacy Fund's EIN?
Ray Dolby Legacy Fund's EIN (Employer Identification Number) is 51-0666996. IRS Form 990 filing data is available on this page for 2019–2025.
Data last updated September 2026. Sourced from IRS Form 990 filings.
Data update history
(5)
When this profile's IRS filing data changed on Grantable
- Updated Form 990 for fiscal year 2024 (received by the IRS May 14, 2025)
- Updated Form 990 for fiscal year 2023 (received by the IRS May 15, 2024)
- Added Form 990 for fiscal year 2025 (received by the IRS May 8, 2026)
- Added Form 990-EZ for fiscal year 2019 (received by the IRS May 14, 2020)
- IRS filings on file for fiscal years 2020–2024
Explore Open Grants
Browse active grant opportunities in Ray Dolby Legacy Fund's focus areas in our free grants database
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