Ray M Loop Scholarship Fund Tuw 005326

OLEAN, NY EIN: 16-6290405

Ray M Loop Scholarship Fund Tuw 005326 is a private foundation, based in OLEAN, NY. IRS filing data is available from 2023 through 2024. As of 2024, the organization holds $398K in total assets. In 2024, it awarded 5 grants totaling $25K. Net investment income was $29K.

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$398K

-0.1% YoY

Annual Giving

$25K

+161.3% YoY

Grant Count

+25.0% YoY

Avg Grant Size

$5K

+109.1% YoY

Under IRS private-foundation payout rules, Ray M Loop Scholarship Fund Tuw 005326 reported a distributable amount of $25K for 2024 — the minimum it must pay out in qualifying distributions.

About Ray M Loop Scholarship Fund Tuw 005326

Based on IRS filings

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

New York $35K (100%)

States

New York

Cities

AlbanyAlfredCantonDelhiElmiraUtica

Financial History

Multi-year comparison from IRS filings

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2024	2023
Total Assets	$397,912	$398,128
Revenue	$32,572	$24,355
Expenses	$33,002	$16,219
Qualifying Distributions	$28,884	$12,671
Net Investment Income	$28,813	$20,707
Distributable Amount	$24,978	$23,601

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

9 grants across all recorded years

Giving History

Grant recipients and amounts by year

Among its reported 2024 grants, the largest include Excelsior University ($12,228), Elmira College ($5,229), Alfred State College ($2,500).

Recipient	Purpose	Amount
ALFRED STATE COLLEGE ALFRED, NY	SCHOLARSHIPS	$2,500
ELMIRA COLLEGE ELMIRA, NY	SCHOLARSHIPS	$5,229
UTICA UNIVERSITY UTICA, NY	SCHOLARSHIPS	$2,500
EXCELSIOR UNIVERSITY ALBANY, NY	SCHOLARSHIPS	$12,228
SUNY DELHI DELHI, NY	SCHOLARSHIPS	$2,500

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

From 2024 IRS filing

No officer/director data available.

Frequently Asked Questions

How large is Ray M Loop Scholarship Fund Tuw 005326?

As of 2024, Ray M Loop Scholarship Fund Tuw 005326 holds $398K in total assets with $33K in annual revenue. It awarded 5 grants totaling $25K in 2024.

Where does Ray M Loop Scholarship Fund Tuw 005326 operate?

Ray M Loop Scholarship Fund Tuw 005326 has awarded grants in New York.

What size grants does Ray M Loop Scholarship Fund Tuw 005326 award?

In 2024, Ray M Loop Scholarship Fund Tuw 005326 awarded 5 grants totaling $25K — an average of about $5K per grant, based on its IRS Form 990 filings.

How much is Ray M Loop Scholarship Fund Tuw 005326 required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2024, Ray M Loop Scholarship Fund Tuw 005326 reported a distributable amount of $25K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.

What is Ray M Loop Scholarship Fund Tuw 005326's EIN?

Ray M Loop Scholarship Fund Tuw 005326's EIN (Employer Identification Number) is 16-6290405. IRS Form 990 filing data is available on this page for 2023–2024.