Ray Foundation

Foundation · Grantmaker TUSCALOOSA, AL EIN: 20-1209964

Arts and culture Museums Education Higher education

Ray Foundation is a private foundation focused on Arts and culture, 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

+0.0% YoY

Avg Grant Size

$3K

+0.0% YoY

Under IRS private-foundation payout rules, Ray Foundation reported a distributable amount of $9K for 2024 — the minimum it must pay out in qualifying distributions.

About Ray Foundation

Based on IRS filings

Focus Areas

Arts and culture Museums Education Higher education

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

Alabama $67K (100%)

States

Alabama

Cities

HooverNorthportTuscaloosa

Financial History

Multi-year comparison from IRS filings

Revenue

Expenses

Qualifying Distributions

Net Investment Income

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

Among its reported 2024 grants, the largest include Jesus Way Homeless Shelter ($6,000), Caring Days ($3,500), Sdes ($3,500).

Recipient	Purpose	Amount
CARING DAYS TUSCALOOSA, AL	TO SUPPORT THE ORGANIZATION	$3,500
JESUS WAY HOMELESS SHELTER TUSCALOOSA, AL	TO SUPPORT THE SHELTER'S MISSION	$6,000
SDES HOOVER, AL	TO SUPPORT THE ORGANIZATION	$3,500
COMMUNITY FOUNDATION OF WEST ALABAM NORTHPORT, AL	TO SUPPORT MISSION	$2,500
TUSCALOOSA PUBLIC LIBRARY FOUNDATIO TUSCALOOSA, AL	TO SUPPORT MISSION	$1,000

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	—	—

Subject Areas

Focus areas based on grantmaking activity

Arts and culture Museums Education Higher education

Frequently Asked Questions

What is Ray Foundation?

Ray Foundation is a private foundation focused on Arts and culture, based in TUSCALOOSA, AL. It holds $260K in total assets as of 2024.

How large is Ray Foundation?

As of 2024, Ray Foundation holds $260K in total assets with $13K in annual revenue. It awarded 5 grants totaling $17K in 2024.

Where does Ray Foundation operate?

Ray Foundation has awarded grants in Alabama.

What size grants does Ray Foundation award?

In 2024, Ray Foundation awarded 5 grants totaling $17K — an average of about $3K per grant, based on its IRS Form 990 filings.

How much is Ray Foundation required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2024, Ray Foundation reported a distributable amount of $9K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.