Raymond Foundation Inc
Raymond Foundation Inc is a private foundation based in Bloomington, Indiana. Its 2025 filing is marked as a final return: the foundation reported adopting a plan of dissolution on October 17, 2025, liquidating its assets as of December 31, 2025, and distributing all remaining assets to qualifying 501(c)(3) organizations. It therefore appears to have wound down and should not be treated as an active grantmaker.
Raymond Foundation Inc at a glance
In short: Raymond Foundation Inc gave $2.3M across 10 grants in 2025 (avg $229K), mostly in Indiana. 10% of 2025 grantees were new. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $2,285,050
- +300.2% vs 2024
- Grants made (2025)
- 10
- -28.6% vs 2024
- Average grant
- $228,505
- +460.3% vs 2024
- Median grant
- $162,500
- New grantees (estimate)
- 10% first-time grantees (1 of 10, 2025; small sample)
- Primary geography
- Indiana (75% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990-PF, 2025 View filing
Data from IRS Form 990-PF, 2025; updated October 2026. New grantees are estimated by matching recipient names across years (methodology).
How to apply to Raymond Foundation Inc
- How to Apply
-
The final filing stated that applicants were required to submit written proposals describing the purpose of the requested assistance, a budget, and how program evaluation would be performed. It also listed no deadlines. These instructions are from the foundation’s final filing and are not current application guidance; the foundation appears to have wound down.
- Contact
Application contact: Linda Raymond
Mailing address: PO Box 3082, Bloomington, IN 47402-3082
Phone: (812) 824-9693
Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.
Who Raymond Foundation Inc funds
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2025
The largest 2025 recipient was Community Foundation of Bloomington and Monroe County Inc ($550K). Together the top 10 received $2.3M.
Grant Size Distribution
64 grants across all recorded years
The most common grant size was under $50K: 37 grants of 64 (58%).
Geographic Focus
Where this funder awards grants
In 2025, 75% of grant dollars went to recipients in Indiana and 25% to recipients in Kentucky.
Grant Distribution by State
Share of 2025 grant dollars across all 10 itemized grants.
Cities
Is Raymond Foundation Inc open to new grantees?
10%
first-time grantees, 2025
In 2025, 1 of 10 grantees (10%) were first-time recipients. With only 10 grantees, that is a small sample: one grantee more or less moves the share by about 10 points. First grants averaged $500K; repeat grants $198K. How we count
Medians: $500K first-time, $125K repeat.
- 90% of 2025 grantees were also funded in 2024. Method
- Giving grew 193% from 2022 to 2025. Method
- In 2025 it paid out well above its IRS minimum distribution (the 5% rule). Method
Estimate from itemized grant lists in IRS Form 990-PF filings (2020–2025). Recipient names are matched across years, so a renamed or misspelled grantee can look new; grants to individuals are left out. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2025, annual grant giving ranged from $428K (2020) to $2.3M (2025). In 2025 it made 10 grants totaling $2.3M.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Community Foundation of Bloomington and Monroe County Inc Bloomington, IN | Bloomington Community Radio/WFHB & Endowments | $550,000 |
| Conservation Law Center Inc Bloomington, IN | Endowment Support | $500,000 |
| University of Kentucky Lexington, KY | Educational Programs - Scholarships | $290,620 |
| Midway University Midway, KY | Educational Programs - Scholarships | $290,619 |
| Wonderlab Museum of Science Health and Technology Inc Bloomington, IN | Endowment | $200,000 |
| Bloomington Community Radio DBA WFHB Bloomington, IN | Youth Radio Program | $125,000 |
| Lotus Education and Arts Foundation Bloomington, IN | Lotus Educational Programs | $120,000 |
| Indiana University Bloomington, IN | Research Project | $118,811 |
| Carbon Neutral Indiana Indianapolis, IN | Scientist's Journalism Education | $65,000 |
| Roboboosters Inc Bloomington, IN | Robotics Education | $25,000 |
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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 | — | $362,141 | $2,306,760 | $2,285,050 | 10 | $2,293,100 | $351,849 | $84,217 |
| 2024 | $1,944,619 | $159,670 | $589,156 | $570,967 | 14 | $575,758 | $146,272 | $117,831 |
| 2023 | $2,374,049 | $132,386 | $1,160,166 | $1,141,776 | 10 | $1,145,953 | $105,755 | $139,503 |
| 2022 | $3,401,829 | $2,332,648 | $838,260 | $780,585 | 15 | $786,055 | $216,001 | $177,341 |
| 2021 | $1,990,063 | $3,005,372 | $1,585,995 | $1,565,695 | 15 | $1,572,679 | $1,360,670 | $108,452 |
| 2020 | $1,894,440 | $236,637 | $444,083 | $428,084 | 16 | — | $177,933 | $104,029 |
Under IRS private-foundation payout rules, Raymond Foundation Inc reported a distributable amount of $84K for 2025 — the minimum it must pay out in qualifying distributions.
Research compiled by Grantable AI from public sources. Last updated October 2026.
Mission & Focus Areas
The filing does not state a broader organizational mission. It says educational awards are for institutions of higher education for specified purposes assisting students and educators; medical support is for programs and institutions providing care for the young; and religious giving focuses on awareness and activities of Protestant faiths, while considering all faiths. It also describes support for training, research, and scholarships in those areas.
The 2025 grants included support for higher education, conservation law, community radio, arts education, science and technology education, research, and robotics education. These are descriptions of grant purposes and recipients, not a separately stated foundation mission.
Grantmaking
In 2025, the foundation reported 10 grants totaling $2,285,050. Individual grants ranged from $25,000 to $550,000, with a median of $162,500. Notable grants included $550,000 to the Community Foundation of Bloomington and Monroe County for Bloomington community radio/WFHB and endowments; $500,000 to the Conservation Law Center for endowment support; $290,620 to the University of Kentucky and $290,619 to Midway University for educational programs and scholarships; and $200,000 to WonderLab Museum of Science, Health and Technology for its endowment.
The Community Foundation of Bloomington and Monroe County describes its mission as raising funds for long-term support of nonprofit organizations, principally in the local community. The Conservation Law Center says it provides legal counsel to conservation organizations, works to improve conservation law and policy, and offers law students clinical experience. Midway University describes itself as an accredited institution offering traditional and accelerated programs and associate, bachelor’s, and master’s degrees. Lotus Education and Arts Foundation says it seeks to stimulate and promote interest in global and international music, dance, and art activities.
Leadership & Key People
Leadership team and compensation from IRS filings
The 2025 filing lists Michael O Cain as secretary/treasurer and director, Linda A Raymond as president and director, and R Scott Walters as vice president and director.
Raymond Foundation Inc is led by Linda A. Raymond, President - Director on every filing since 2020; none of the 3 officers listed in 2025 report compensation.
Officers on the 2025 filing
Linda A. Raymond
President - Director
On filings since 2020
1 hr/week
No compensation reported
Michael O. Cain
Secretary & Treasurer - Director
Vice President - Director → Secretary & Treasurer - Director, 2021
On filings since 2020
1 hr/week
No compensation reported
R. Scott Walters
Vice President - Director
Director → Vice President - Director, 2021
On filings since 2020
1 hr/week
No compensation reported
Former officers (1)
- Former: Anne H. Raymond (2020) — Secretary & Treasurer - Director
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.
Frequently asked questions about Raymond Foundation Inc
How much does Raymond Foundation Inc give each year?
Raymond Foundation Inc gave $2.3M across 10 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $571K across 14 grants.
What is Raymond Foundation Inc's typical grant size?
Raymond Foundation Inc's median grant in 2025 was $162,500, and its average grant was $228,505, across 10 grants on its 2025 IRS Form 990-PF. Organizations receiving their first grant from Raymond Foundation Inc that year got $500K on average.
Where does Raymond Foundation Inc give grants?
Raymond Foundation Inc gives mostly in Indiana: 75% of the grant dollars itemized on its 2025 IRS Form 990-PF went to recipients there. The next largest state was Kentucky (25%). The most frequent recipient cities were Bloomington, IN (7 grants).
Does Raymond Foundation Inc give general operating support?
Not in 2025: none of the 10 grants with a stated purpose on Raymond Foundation Inc's 2025 IRS Form 990-PF were described as general or operating support.
Who are Raymond Foundation Inc's largest grantees?
Raymond Foundation Inc's largest 2025 grantees include Community Foundation of Bloomington and Monroe County Inc ($550,000), Conservation Law Center Inc ($500,000) and University of Kentucky ($290,620), according to its 2025 IRS Form 990-PF. Together they received 59% of its itemized 2025 grant dollars.
What does Raymond Foundation Inc fund?
The filing does not state a broader organizational mission. See mission & focus areas ↑
How do I apply for a grant from Raymond Foundation Inc?
The final filing stated that applicants were required to submit written proposals describing the purpose of the requested assistance, a budget, and how program evaluation would be performed. Eligibility and process details are in the grantmaking section of this profile. See how to apply ↑
How much is Raymond Foundation Inc required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2025, Raymond Foundation Inc reported a distributable amount of $84K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Raymond Foundation Inc's EIN?
Raymond Foundation Inc's EIN (Employer Identification Number) is 61-1229966. IRS Form 990 filing data is available on this page for 2020–2025.
Data last updated October 2026. Sourced from IRS Form 990-PF filings. Research dossier generated October 2026.
Data update history
(6)
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2020 (received by the IRS May 4, 2021)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS May 12, 2022)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS May 10, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS May 13, 2024)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS April 28, 2025)
- Added Form 990-PF for fiscal year 2025 (received by the IRS April 29, 2026)
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Raymond Foundation Inc down — hundreds of funders to go?