Ray Schoenbaum Memorial Fund
Ray Schoenbaum Memorial Fund is a private foundation, based in Norfolk, VA. IRS filing data is available for 2020. In 2020, it awarded 31 grants totaling $681K. Net investment income was $248K.
Key facts about Ray Schoenbaum Memorial Fund
- EIN
- 54-6074938
- Latest 990 filing
- Form 990-PF, 2020
- Annual giving (2020)
- $680,512
- Grants made (2020)
- 31
- Average grant
- $21,952
- Median grant
- $10,000
- Primary geography
- Virginia (91% of itemized 2020 grant dollars)
Data from IRS Form 990-PF, 2020; updated September 2026.
Who Ray Schoenbaum Memorial Fund funds
By grant dollars, the top recipient states for Ray Schoenbaum Memorial Fund's 31 itemized 2020 grants were Virginia (91%) and Colorado (5%). The most frequent recipient cities were Norfolk, VA (13 grants), Newport News, VA (6 grants), Virginia Beach, VA (5 grants) and Richmond, VA (2 grants). 58% of grants with a stated purpose were for general or operating support. Recurring purposes include "Education" (4 grants) and "Youth" (3 grants).
Next steps with Ray Schoenbaum Memorial Fund
- How to evaluate Ray Schoenbaum Memorial Fund as a funder
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Financial Overview
From 2020 IRS Form 990-PF · View filing
Total Assets
—
Annual Giving
$681K
Grant Count
31
Avg Grant Size
$22K
Under IRS private-foundation payout rules, Ray Schoenbaum Memorial Fund reported a distributable amount of $18K for 2020 — the minimum it must pay out in qualifying distributions.
About Ray Schoenbaum Memorial Fund
Based on IRS filings
Ray Schoenbaum Memorial Fund is a private foundation, based in Norfolk, VA. IRS filing data is available for 2020. In 2020, it awarded 31 grants totaling $681K. Net investment income was $248K.
Ready to take the next step with Ray Schoenbaum Memorial Fund?
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of all 31 itemized 2020 grant dollars.
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2020 |
|---|---|
| Total Assets | — |
| Revenue | $252,582 |
| Expenses | $690,461 |
| Qualifying Distributions | — |
| Net Investment Income | $247,899 |
| Distributable Amount | $17,532 |
Data update history
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal year 2020
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2020
Grant Size Distribution
31 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2020 grants, the largest recipients include Access College Foundation ($202,112 across 3 grants), United Jewish Community of the Penn ($100,000), Foodbank of Southeastern Virginia ($42,000 across 2 grants).
| Recipient | Purpose | Amount |
|---|---|---|
| ACCESS COLLEGE FOUNDATION Norfolk, VA | EDUCATION | $125,000 |
| UNITED JEWISH COMMUNITY OF THE PENN Newport News, VA | UNRESTRICTED | $100,000 |
| ACCESS COLLEGE FOUNDATION Norfolk, VA | EDUCATION | $75,000 |
| TOYS FOR TOTS Triangle, VA | UNRESTRICTED | $40,000 |
| AMERICAN INDIAN COLLEGE FUND Denver, CO | EDUCATION | $35,000 |
| BOYS & GIRLS CLUB OF S E VIRGINI Virginia Beach, VA | YOUTH | $30,000 |
| 92ND STREET Y New York, NY | PARENTING CENTER | $25,000 |
| FOODBANK OF SOUTHEASTERN VIRGINIA Norfolk, VA | UNRESTRICTED | $25,000 |
| COMMUNITY FREE CLINIC OF NEWPORT NE Newport News, VA | UNRESTRICTED | $20,000 |
| ELIZABETH RIVER PROJECT Norfolk, VA | UNRESTRICTED | $20,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
No officer or director reported compensation in the available filings.
From 2020 IRS filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| Lynn Schoenbaum | Trustee | 0.2 | — |
| Bernice Schoenbaum | Trustee | 0.2 | — |
Frequently Asked Questions
Where does Ray Schoenbaum Memorial Fund operate?
Ray Schoenbaum Memorial Fund has awarded grants in Colorado, New York, Virginia.
What size grants does Ray Schoenbaum Memorial Fund award?
In 2020, Ray Schoenbaum Memorial Fund awarded 31 grants totaling $681K — an average of about $22K per grant, based on its IRS Form 990 filings.
How much is Ray Schoenbaum Memorial Fund required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2020, Ray Schoenbaum Memorial Fund reported a distributable amount of $18K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Ray Schoenbaum Memorial Fund's EIN?
Ray Schoenbaum Memorial Fund's EIN (Employer Identification Number) is 54-6074938. IRS Form 990 filing data is available on this page for 2020.
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Data last updated September 2026. Sourced from IRS Form 990-PF filings.