Ray Foundation
Ray Foundation was a private foundation based in Fort Collins, Colorado. Its 2023 filing reports grants to Colorado organizations, while its 2022 filing is marked as a final return and states that the foundation was terminated effective November 1, 2023. It therefore appears to have wound down and is not an active grantmaking funder.
Ray Foundation at a glance
In short: Ray Foundation gave $442K across 14 grants in 2023 (avg $32K), mostly in Colorado. 14% of 2023 grantees were new. Source: 2023 IRS Form 990-PF.
- Annual giving (2023)
- $442,357
- -89.4% vs 2022
- Grants made (2023)
- 14
- -22.2% vs 2022
- Average grant
- $31,597
- -86.4% vs 2022
- Median grant
- $33,000
- New grantees (estimate)
- 14% first-time grantees (2 of 14, 2023; small sample)
- Primary geography
- Colorado (100% of itemized 2023 grant dollars)
- Latest 990 filing
- Form 990-PF, 2023 View filing
Data from IRS Form 990-PF, 2023; updated October 2026. New grantees are estimated by matching recipient names across years (methodology).
How to apply to Ray Foundation
- Accepts unsolicited proposals
- No
- How to Apply
-
The foundation does not accept unsolicited requests. It states that it makes contributions only to preselected charitable organizations. This policy is reported in the filing; the foundation has since terminated.
- Contact
Mailing address: 2505 Idledale Drive, Fort Collins, CO 80525
Phone: (970) 223-5900
Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.
Who Ray Foundation funds
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2023
The largest 2023 recipient was Larimer County Partners Inc ($60K). Together the top 10 received $375K.
Grant Size Distribution
62 grants across all recorded years
The most common grant size was under $50K: 58 grants of 62 (94%).
Geographic Focus
Where this funder awards grants
All reported 2023 grant dollars went to recipients in Colorado. Listed recipients were in Fort Collins, Greeley, and Loveland.
Grant Distribution by State
Share of 2023 grant dollars across all 14 itemized grants.
States
Cities
Is Ray Foundation open to new grantees?
14%
first-time grantees, 2023
In 2023, 2 of 14 grantees (14%) were first-time recipients. With only 14 grantees, that is a small sample: one grantee more or less moves the share by about 7 points. First grants averaged $27K; repeat grants $32K. How we count
Medians: $27K first-time, $33K repeat.
- 86% of 2023 grantees were also funded in 2022. Method
- Giving held roughly steady from 2020 to 2023 (+1%). Method
- In 2023 it paid out well above its IRS minimum distribution (the 5% rule). Method
Estimate from itemized grant lists in IRS Form 990-PF filings (2020–2023). Recipient names are matched across years, so a renamed or misspelled grantee can look new; grants to individuals are left out. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2023, annual grant giving ranged from $220K (2021) to $4.2M (2022). In 2023 it made 14 grants totaling $442K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Larimer County Partners Inc Fort Collins, CO | Grant for Endowment Fund Deposit | $60,000 |
| The Greeley Dream Team Greeley, CO | Grant for Endowment Fund Deposit | $45,000 |
| Boys and Girls Clubs of Weld County Greeley, CO | Grant for Endowment Fund Deposit | $40,000 |
| Sexual Assault Victim Advocate Center Fort Collins, CO | Grant for Endowment Fund Deposit | $40,000 |
| Animal Friends Alliance Fort Collins, CO | Grant for Endowment Fund Deposit | $35,357 |
| Food Bank for Larimer County Loveland, CO | Grant for Endowment Fund Deposit | $33,000 |
| Homeward Alliance Inc Fort Collins, CO | Grant for Deposit in Quasi-Endowment Reserve Fund | $33,000 |
| Project Self-Sufficiency Loveland, CO | Grant for Endowment Fund Deposit | $33,000 |
| Weld Food Bank Greeley, CO | Grant for Endowment Fund Deposit | $33,000 |
| Court Appointed Special Advocate Inc Fort Collins, CO | Grant for Endowment Fund Deposit | $22,500 |
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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 |
|---|---|---|---|---|---|---|---|---|
| 2023 | — | $1,252 | $481,753 | $442,357 | 14 | $481,753 | $1,252 | $7,530 |
| 2022 | $480,501 | $144,965 | $4,280,655 | $4,189,079 | 18 | $4,244,191 | $111,801 | $184,457 |
| 2021 | $4,415,943 | $203,862 | $302,613 | $220,000 | 15 | $270,297 | $171,946 | $254,410 |
| 2020 | $4,514,694 | $84,748 | $517,890 | $440,000 | 15 | — | $62,152 | $238,496 |
Under IRS private-foundation payout rules, Ray Foundation reported a distributable amount of $8K for 2023 — the minimum it must pay out in qualifying distributions.
Research compiled by Grantable AI from public sources. Last updated September 2026.
Mission & Focus Areas
No mission statement for the foundation is provided. Its 2023 grants went to organizations whose stated missions include youth mentoring and school success, sexual-assault support, companion-animal services, homelessness support, hunger relief, assistance to low-income single parents, and advocacy for children affected by abuse or neglect. These are the grantees’ missions, not a stated mission of the foundation.
Grantmaking
In 2023, the foundation reported 14 grants totaling $442,357. Grant amounts ranged from $10,320 to $60,000, with a median of $33,000. The largest reported grants included $60,000 to Larimer County Partners, $45,000 to The Greeley Dream Team, $40,000 each to the Sexual Assault Victim Advocate Center and Boys and Girls Clubs of Weld County, and $35,357 to Animal Friends Alliance. Most listed grants were for endowment-fund deposits; Homeward Alliance’s $33,000 grant was for a quasi-endowment reserve fund.
The filing’s 2022 narrative says the foundation made contributions only to preselected charitable organizations.
Leadership & Key People
Leadership team and compensation from IRS filings
The 2023 filing lists these trustees: Terry E. Bolack, Peter W. Bullard, David J. Hajny, and Jay D. Rosenblum.
Ray Foundation's 2023 filing lists 4 officers; 3 of 4 officers listed in 2023 are compensated.
Officers on the 2023 filing
David J. Hajny
Trustee
Secretary & Trustee → Trustee, 2023
On filings since 2020
1 hr/week
$5K (2020) → $3K (2023)
Jay D. Rosenblum
Trustee
On filings since 2020
1 hr/week
$2K (2020) → $4K (2023)
Peter W. Bullard
Trustee
On filings since 2020
2 hrs/week
$11K (2020) → $18K (2023)
Terry E. Bolack
Trustee
On filings since 2020
2 hrs/week
No compensation reported
Data from IRS Form 990 filings, 2020–2023. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Compensation Overview
From 2023 IRS filing
The highest reported compensation on the 2023 filing was $18K, to Peter W Bullard (Trustee). 3 officers or directors reported compensation on that filing.
Frequently asked questions about Ray Foundation
How much does Ray Foundation give each year?
Ray Foundation gave $442K across 14 grants in 2023, according to its 2023 IRS Form 990-PF. In 2022 it gave $4.2M across 18 grants.
What is Ray Foundation's typical grant size?
Ray Foundation's median grant in 2023 was $33,000, and its average grant was $31,597, across 14 grants on its 2023 IRS Form 990-PF. Organizations receiving their first grant from Ray Foundation that year got $27K on average.
Where does Ray Foundation give grants?
Ray Foundation gives mostly in Colorado: 100% of the grant dollars itemized on its 2023 IRS Form 990-PF went to recipients there. The most frequent recipient cities were Fort Collins, CO (9 grants), Greeley, CO (3 grants) and Loveland, CO (2 grants).
Does Ray Foundation give general operating support?
Not in 2023: none of the 14 grants with a stated purpose on Ray Foundation's 2023 IRS Form 990-PF were described as general or operating support. Recurring purposes include "Grant for Endowment Fund Deposit" (12 grants).
Who are Ray Foundation's largest grantees?
Ray Foundation's largest 2023 grantees include Larimer County Partners Inc ($60,000), The Greeley Dream Team ($45,000) and Boys and Girls Clubs of Weld County ($40,000), according to its 2023 IRS Form 990-PF. Together they received 33% of its itemized 2023 grant dollars.
What does Ray Foundation fund?
No mission statement for the foundation is provided. See mission & focus areas ↑
How do I apply for a grant from Ray Foundation?
The foundation does not accept unsolicited requests. Eligibility and process details are in the grantmaking section of this profile. See how to apply ↑
How much is Ray Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2023, Ray Foundation reported a distributable amount of $8K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Ray Foundation's EIN?
Ray Foundation's EIN (Employer Identification Number) is 30-6296992. IRS Form 990 filing data is available on this page for 2020–2023.
Does Ray Foundation accept unsolicited proposals?
No, according to Grantable's research on the foundation's published guidelines. See how to apply ↑
Data last updated October 2026. Sourced from IRS Form 990-PF filings. Research dossier generated September 2026.
Data update history
(1)
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2023
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Figures come from Ray Foundation's IRS filings (methodology). AI-written summaries, news items and logos are not covered by the open licence. Spot an error? Email hello@grantable.co.
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