Ray M Harris Educational Fund
Ray M Harris Educational Fund is a private foundation focused on Education, based in Dallas, TX. IRS filing data is available from 2020 through 2025. As of 2025, the organization holds $1.2M in total assets. In 2025, it awarded 2 grants totaling $40K. Net investment income was $110K.
Ray M Harris Educational Fund at a glance
In short: Ray M Harris Educational Fund gave $40K across 2 grants in 2025 (avg $20K), mostly in Virginia. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $40,000
- +5.3% vs 2024
- Grants made (2025)
- 2
- +0.0% vs 2024
- Average grant
- $20,000
- +5.3% vs 2024
- Median grant
- $20,000
- Total assets
- $1,161,212
- +5.3% vs 2024
- Primary geography
- Virginia (100% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990-PF, 2025 View filing
Data from IRS Form 990-PF, 2025; updated September 2026.
Who Ray M Harris Educational Fund funds
How this funder distributes its grants
Top Recipients
Top 2 recipients in 2025
The largest 2025 recipient was Old Dominion University ($20K). Together the top 2 received $40K.
Grant Size Distribution
13 grants across all recorded years
The most common grant size was under $50K: 13 grants of 13 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2025 grant dollars across all 2 itemized grants.
States
Cities
How Ray M Harris Educational Fund gives
- Giving held roughly steady from 2022 to 2025 (+0%). Method
- In 2025 it paid out 76% of its IRS minimum distribution (the 5% rule). Foundations have until the end of the next year to meet it. 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 2025, annual grant giving ranged from $38K (2020) to $40K (2025). In 2025 it made 2 grants totaling $40K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Old Dominion University Norfolk, VA | Grant Scholarships | $20,000 |
| Virginia Commonwealth University Richmond, VA | Unrestricted General | $20,000 |
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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 |
|---|---|---|---|---|---|---|---|---|
| 2025 | $1,161,212 | $124,518 | $71,344 | $40,000 | 2 | $55,672 | $110,137 | $73,049 |
| 2024 | $1,102,372 | $112,170 | $64,670 | $38,000 | 2 | $50,273 | $97,608 | $63,189 |
| 2023 | $1,056,040 | $36,209 | $23,964 | — | — | $12,155 | $21,227 | $55,991 |
| 2022 | $1,065,454 | $-25,947 | $68,558 | $40,000 | 6 | $51,298 | $9,294 | $56,625 |
| 2021 | $1,159,800 | $239,864 | $66,313 | $38,000 | 3 | $51,358 | $225,316 | $62,971 |
| 2020 | $985,123 | $85,930 | $59,174 | $38,000 | 5 | — | $74,598 | $53,644 |
Under IRS private-foundation payout rules, Ray M Harris Educational Fund reported a distributable amount of $73K for 2025 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
Ray M Harris Educational Fund's only listed officer is Bank Of America, Trustee on every filing since 2021 (compensated).
Officers on the 2025 filing
Bank Of America
Trustee
On filings since 2021
1 hr/week
$19K (2021) → $20K (2025)
Former officers (1)
- Former: Bank Of America NA (2020) — Trustee
Data from IRS Form 990 filings, 2020–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Compensation Overview
From 2025 IRS filing
The highest reported compensation on the 2025 filing was $20K, to Bank of America (Trustee).
Frequently asked questions about Ray M Harris Educational Fund
How much does Ray M Harris Educational Fund give each year?
Ray M Harris Educational Fund gave $40K across 2 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $38K across 2 grants.
How large is Ray M Harris Educational Fund?
Ray M Harris Educational Fund reported $1.2M in total assets on its 2025 IRS Form 990-PF. It paid out $56K in qualifying distributions that year, against a required minimum of $73K (roughly 5% of its investment assets). Falling short in one year is not a violation: foundations have until the end of the next year to meet the minimum.
What is Ray M Harris Educational Fund?
Ray M Harris Educational Fund is a private foundation focused on Education, based in Dallas, TX. It holds $1.2M in total assets as of 2025.
Where does Ray M Harris Educational Fund operate?
Ray M Harris Educational Fund has awarded grants in North Carolina, Virginia.
What is Ray M Harris Educational Fund's EIN?
Ray M Harris Educational Fund's EIN (Employer Identification Number) is 54-6065353. IRS Form 990 filing data is available on this page for 2020–2025.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(7)
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2020 (received by the IRS March 31, 2021)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS April 6, 2022)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS April 11, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS April 16, 2024)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS March 20, 2025)
- Updated Form 990-PF for fiscal year 2025 (received by the IRS April 21, 2026)
- IRS filings on file for fiscal years 2020–2025
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