Ray Foundation
Ray Foundation is a private foundation, based in TUSCALOOSA, AL. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $260K in total assets. In 2024, it awarded 5 grants totaling $17K. Net investment income was $12K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$260K
+0.1% YoY
Annual Giving
$17K
+0.0% YoY
Grant Count
5
+0.0% YoY
Avg Grant Size
$3K
+0.0% YoY
About Ray Foundation
Based on IRS filings
Ray Foundation is a private foundation, based in TUSCALOOSA, AL. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $260K in total assets. In 2024, it awarded 5 grants totaling $17K. Net investment income was $12K.
Ready to take the next step with Ray Foundation?
Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $260,398 | $260,119 | $268,239 |
| Revenue | $13,017 | $1,660 | $4,699 |
| Expenses | $23,988 | $28,935 | $55,066 |
| Qualifying Distributions | $16,500 | $16,500 | $15,500 |
| Net Investment Income | $12,244 | $5,068 | $4,699 |
| Distributable Amount | $8,728 | $12,699 | $16,463 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 5 recipients in 2024
Grant Size Distribution
17 grants across all recorded years
Giving History
Grant recipients and amounts by year
No grants recorded for .
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| PHYLLIS GAMBLE | PRESIDENT | — | — |
| LAURA GREGORY | SECRETARY/TR | — | — |
| CAROL JOHNSON | VICE PRESIDE | — | — |
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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