Ray Schoenbaum Memorial Fund U/a 5/22/68
The Ray Schoenbaum Memorial Fund was a private foundation based in Norfolk, Virginia. In its 2020 filing, it reported distributing all assets to qualifying 501(c)(3) organizations and stated that the foundation had ceased to exist.
Key facts about Ray Schoenbaum Memorial Fund U/a 5/22/68
In short: Ray Schoenbaum Memorial Fund U/a 5/22/68 gave $681K across 31 grants in 2020 (avg $22K), mostly in Virginia. Source: 2020 IRS Form 990-PF.
- 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)
- Accepts unsolicited proposals
- No
- How to apply
- The foundation does not accept unsolicited requests and makes contributions only to preselected charitable organizations. Full details ↓
Data from IRS Form 990-PF, 2020; updated September 2026. Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.
Financial Overview
From 2020 IRS Form 990-PF · View filing
Total Assets
—
Annual Giving
$681K
+858.5% YoY
Grant Count
31
+416.7% YoY
Avg Grant Size
$22K
+85.5% YoY
Under IRS private-foundation payout rules, Ray Schoenbaum Memorial Fund U/a 5/22/68 reported a distributable amount of $18K for 2020 — the minimum it must pay out in qualifying distributions.
Mission & Focus Areas
No mission statement for the fund itself is provided. Its 2020 grants included support for organizations working in postsecondary education, hunger relief, Native student and tribal college education, and youth programs. For example, Access College Foundation describes its work as advising students on postsecondary planning, applications, financial aid, and career opportunities. Foodbank of Southeastern Virginia describes its mission as leading efforts to eliminate hunger in its community, and Tidewater Wooden Boat Workshop says it teaches STEM and life skills to disadvantaged youth through boatbuilding and nautical activities.
Grantmaking
In 2020, the fund reported 31 grants totaling $680,512. Grant amounts ranged from $200 to $125,000, with a median grant of $10,000. Among the largest grants were $125,000 and $75,000 to Access College Foundation, $100,000 to United Jewish Community of the Penn, $40,000 to Toys for Tots, and $35,000 to American Indian College Fund.
How to Apply
The foundation does not accept unsolicited requests and makes contributions only to preselected charitable organizations.
Ready to take the next step with Ray Schoenbaum Memorial Fund U/a 5/22/68?
Geographic Focus
Where this funder awards grants
The reported 2020 distribution of grant dollars was 91% to Virginia, 5% to Colorado, and 4% to New York.
Grant Distribution by State
Share of 2020 grant dollars across all 31 itemized grants.
Cities
Giving Over Time
Total grant dollars and number of grants per year
From 2019 to 2020, annual grant giving ranged from $71K (2019) to $681K (2020). In 2020 it made 31 grants totaling $681K.
Grant Insights
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2020
The largest 2020 recipient was Access College Foundation ($202K across 3 grants). Together the top 10 received $543K.
Grant Size Distribution
37 grants across all recorded years
The most common grant size was under $50K: 34 grants of 37 (92%).
Giving History
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Access College Foundation Norfolk, VA | Education | $125,000 |
| United Jewish Community of the Penn Endowment Inc 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 |
Financial History
Multi-year comparison from IRS filings
| Filing year | Revenue | Expenses | Grants |
|---|---|---|---|
| 2020 | $252,582 | $690,461 | $680,512 |
| Metric | 2020 | 2019 |
|---|---|---|
| Total Assets | — | $437,879 |
| Revenue | $252,582 | $46,661 |
| Expenses | $690,461 | $75,297 |
| Net Investment Income | $247,899 | $42,005 |
| Distributable Amount | $17,532 | $32,391 |
Data update history
When this profile's IRS filing data changed on Grantable
- Added Form 990-PF for fiscal year 2019 (received by the IRS July 13, 2020)
- Updated Form 990-PF for fiscal year 2020 (received by the IRS January 7, 2022)
- IRS filings on file for fiscal year 2020
Leadership & Key People
Leadership team and compensation from IRS filings
The 2020 filing listed Lynn Schoenbaum and Bernice Schoenbaum as trustees.
Ray Schoenbaum Memorial Fund U/a 5/22/68's 2020 filing lists 2 officers; none of the 2 officers listed in 2020 report compensation.
Officers on the 2020 filing
Bernice Schoenbaum
Trustee
On filings since 2019
0.2 hrs/week
No compensation reported
Lynn Schoenbaum
Trustee
On filings since 2019
0.2 hrs/week
No compensation reported
Data from IRS Form 990 filings, 2019–2020. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Contact
Mailing address: 305 Brooke Avenue Room/Suite 401, Norfolk, VA 23510
Phone: (757) 412-2202
Frequently asked questions about Ray Schoenbaum Memorial Fund U/a 5/22/68
How much does Ray Schoenbaum Memorial Fund U/a 5/22/68 give each year?
Ray Schoenbaum Memorial Fund U/a 5/22/68 gave $681K across 31 grants in 2020, according to its 2020 IRS Form 990-PF. In 2019 it gave $71K across 6 grants.
What is Ray Schoenbaum Memorial Fund U/a 5/22/68's typical grant size?
Ray Schoenbaum Memorial Fund U/a 5/22/68's median grant in 2020 was $10,000, and its average grant was $21,952, across 31 grants on its 2020 IRS Form 990-PF.
Where does Ray Schoenbaum Memorial Fund U/a 5/22/68 give grants?
Ray Schoenbaum Memorial Fund U/a 5/22/68 gives mostly in Virginia: 91% of the grant dollars itemized on its 2020 IRS Form 990-PF went to recipients there. The next largest state was 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).
Does Ray Schoenbaum Memorial Fund U/a 5/22/68 give general operating support?
Yes: 58% of Ray Schoenbaum Memorial Fund U/a 5/22/68's 2020 grants with a stated purpose (18 of 31) were for general or operating support, per its 2020 IRS Form 990-PF. Recurring purposes include "Education" (4 grants) and "Youth" (3 grants).
Who are Ray Schoenbaum Memorial Fund U/a 5/22/68's largest grantees?
Ray Schoenbaum Memorial Fund U/a 5/22/68's largest 2020 grantees include Access College Foundation ($202,112 across 3 grants), United Jewish Community of the Penn Endowment Inc ($100,000) and Foodbank of Southeastern Virginia ($42,000 across 2 grants), according to its 2020 IRS Form 990-PF. Together they received 51% of its itemized 2020 grant dollars.
What does Ray Schoenbaum Memorial Fund U/a 5/22/68 fund?
No mission statement for the fund itself is provided. Its 2020 grants included support for organizations working in postsecondary education, hunger relief, Native student and tribal college education, and youth programs. See mission & focus areas ↑
How do I apply for a grant from Ray Schoenbaum Memorial Fund U/a 5/22/68?
The foundation does not accept unsolicited requests and makes contributions only to preselected charitable organizations. Eligibility and process details are in the grantmaking section of this profile. See how to apply ↑
How much is Ray Schoenbaum Memorial Fund U/a 5/22/68 required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2020, Ray Schoenbaum Memorial Fund U/a 5/22/68 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 U/a 5/22/68's EIN?
Ray Schoenbaum Memorial Fund U/a 5/22/68's EIN (Employer Identification Number) is 54-6074938. IRS Form 990 filing data is available on this page for 2019–2020.
Does Ray Schoenbaum Memorial Fund U/a 5/22/68 accept unsolicited proposals?
No, according to Grantable's research on the foundation's published guidelines. See how to apply ↑
Data last updated September 2026. Sourced from IRS Form 990-PF filings. Research dossier generated September 2026.
Here's the math on researching Ray Schoenbaum Memorial Fund U/a 5/22/68 by hand.
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