Ray of Hope Foundation
Ray of Hope Foundation is a private foundation, based in Falmouth, ME. IRS filing data is available from 2019 through 2025. As of 2025, the organization holds $6K in total assets. In 2025, it awarded 5 grants totaling $1.2M. Net investment income was $3K.
Ray of Hope Foundation at a glance
In short: Ray of Hope Foundation gave $1.2M across 5 grants in 2025 (avg $239K), mostly in Massachusetts. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $1,195,000
- +236.6% vs 2024
- Grants made (2025)
- 5
- +66.7% vs 2024
- Average grant
- $239,000
- +102.0% vs 2024
- Median grant
- $50,000
- Total assets
- $5,732
- -99.5% vs 2024
- Primary geography
- Massachusetts (84% 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 of Hope Foundation funds
How this funder distributes its grants
Top Recipients
Top 5 recipients in 2025
The largest 2025 recipient was Northeastern University ($1.0M). Together the top 5 received $1.2M.
Grant Size Distribution
17 grants across all recorded years
The most common grant size was under $50K: 10 grants of 17 (59%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2025 grant dollars across all 5 itemized grants.
Cities
How Ray of Hope Foundation gives
- Giving grew 177% from 2022 to 2025. Method
- In 2025 it paid out well above its IRS minimum distribution (the 5% rule). 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 2019 to 2025, annual grant giving ranged from $28K (2020) to $1.2M (2025). In 2025 it made 5 grants totaling $1.2M.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Northeastern University Boston, MA | Portland Campus Development Fund | $1,000,000 |
| STARability Foundation Naples, FL | General Support | $125,000 |
| Big Brothers Big Sisters of Southern Maine Westbrook, ME | General Support | $50,000 |
| SNIP Collier Inc Naples, FL | Helping PAWS Medical Fund | $10,000 |
| University Southern Maine Foundation Portland, ME | ROCC Gratitude Annual Scholarship | $10,000 |
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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 | $5,732 | $153,655 | $1,197,153 | $1,195,000 | 5 | $1,196,399 | $2,946 | $2,973 |
| 2024 | $1,049,230 | $1,093,902 | $357,142 | $355,000 | 3 | $356,292 | $3,269 | $5,627 |
| 2023 | $311,094 | $16,178 | $81,827 | $80,000 | 3 | $81,192 | $15,620 | $16,518 |
| 2022 | $378,119 | $6,058 | $433,050 | $431,400 | 6 | $432,506 | $5,514 | $20,141 |
| 2021 | $805,111 | $700,189 | $1,500 | — | — | $1,000 | — | $6,642 |
| 2020 | $106,422 | $100,339 | $29,934 | $28,400 | 5 | — | — | $4,780 |
| 2019 | $36,017 | $1,872 | $86,915 | $85,225 | 8 | — | $1,722 | $4,287 |
Under IRS private-foundation payout rules, Ray of Hope Foundation reported a distributable amount of $3K for 2025 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
Ray of Hope Foundation's 2025 filing lists 2 officers; none of the 2 officers listed in 2025 report compensation.
Officers on the 2025 filing
Charles Gendron
Trustee
On filings since 2019
0.5 hrs/week
No compensation reported
Theresa Gendron
Trustee
On filings since 2019
0.5 hrs/week
No compensation reported
Data from IRS Form 990 filings, 2019–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Frequently asked questions about Ray of Hope Foundation
How much does Ray of Hope Foundation give each year?
Ray of Hope Foundation gave $1.2M across 5 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $355K across 3 grants.
What is Ray of Hope Foundation's typical grant size?
Ray of Hope Foundation's median grant in 2025 was $50,000, and its average grant was $239,000, across 5 grants on its 2025 IRS Form 990-PF.
Where does Ray of Hope Foundation give grants?
Ray of Hope Foundation gives mostly in Massachusetts: 84% of the grant dollars itemized on its 2025 IRS Form 990-PF went to recipients there. The next largest states were Florida (11%) and Maine (5%). The most frequent recipient cities were Naples, FL (2 grants).
Does Ray of Hope Foundation give general operating support?
Yes: 40% of Ray of Hope Foundation's 2025 grants with a stated purpose (2 of 5) were for general or operating support, per its 2025 IRS Form 990-PF.
Who are Ray of Hope Foundation's largest grantees?
Ray of Hope Foundation's largest 2025 grantees include Northeastern University ($1,000,000), STARability Foundation ($125,000) and Big Brothers Big Sisters of Southern Maine ($50,000), according to its 2025 IRS Form 990-PF. Together they received 98% of its itemized 2025 grant dollars.
How large is Ray of Hope Foundation?
Ray of Hope Foundation reported $6K in total assets on its 2025 IRS Form 990-PF. It paid out $1.2M in qualifying distributions that year, against a required minimum of $3K (roughly 5% of its investment assets).
What is Ray of Hope Foundation's EIN?
Ray of Hope Foundation's EIN (Employer Identification Number) is 05-6149197. IRS Form 990 filing data is available on this page for 2019–2025.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(3)
When this profile's IRS filing data changed on Grantable
- Added Form 990-PF for fiscal year 2019 (received by the IRS May 15, 2020)
- Added Form 990-PF for fiscal year 2025 (received by the IRS April 28, 2026)
- IRS filings on file for fiscal years 2020–2024
Explore Open Grants
Browse active grant opportunities in Ray of Hope Foundation's focus areas in our free grants database
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