Red Bank Foundation Inc
Red Bank Foundation Inc is a private foundation, based in Vero Beach, FL. IRS filing data is available from 2019 through 2025. In 2025, it awarded 3 grants totaling $171K. Net investment income was $7K.
Red Bank Foundation Inc at a glance
In short: Red Bank Foundation Inc gave $171K across 3 grants in 2025 (avg $57K), mostly in Kentucky. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $171,462
- +559.5% vs 2024
- Grants made (2025)
- 3
- -66.7% vs 2024
- Average grant
- $57,154
- +1878.4% vs 2024
- Median grant
- $10,203
- Primary geography
- Kentucky (94% 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 Red Bank Foundation Inc funds
How this funder distributes its grants
Top Recipients
Top 3 recipients in 2025
The largest 2025 recipient was Woodhouse Family Charity ($161K). Together the top 3 received $171K.
Grant Size Distribution
33 grants across all recorded years
The most common grant size was under $50K: 32 grants of 33 (97%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2025 grant dollars across all 3 itemized grants.
Cities
How Red Bank Foundation Inc gives
- Giving grew 543% 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 $19K (2023) to $200K (2020). In 2025 it made 3 grants totaling $171K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Woodhouse Family Charity Covington, KY | Charity | $160,559 |
| Fidelity Charitable Foundation Cincinnati, OH | Charity | $10,203 |
| VNA Vero Beach, FL | Hospice Care | $700 |
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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 | — | $10,227 | $173,029 | $171,462 | 3 | $171,462 | $7,312 | $16,570 |
| 2024 | $163,108 | $23,870 | $27,746 | $26,000 | 9 | $26,000 | $22,124 | $30,366 |
| 2023 | $167,305 | $22,657 | $20,332 | $18,600 | 6 | $18,600 | $20,925 | $30,110 |
| 2022 | $165,258 | $21,996 | $28,374 | $26,650 | 9 | $26,650 | $20,005 | $34,563 |
| 2021 | $171,907 | $52,343 | $43,383 | $41,650 | 6 | $41,650 | $19,500 | $33,247 |
| 2020 | $163,238 | $127,511 | $201,589 | $200,000 | 6 | — | $20,915 | $34,557 |
| 2019 | $237,758 | $74,147 | $68,537 | $66,500 | 3 | — | $22,110 | $35,160 |
Under IRS private-foundation payout rules, Red Bank Foundation Inc reported a distributable amount of $17K for 2025 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
Red Bank Foundation Inc is led by Joan N. Woodhouse, President on every filing since 2019 — the only officer listed, and uncompensated.
Officers on the 2025 filing
Joan N. Woodhouse
President
On filings since 2019
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 Red Bank Foundation Inc
How much does Red Bank Foundation Inc give each year?
Red Bank Foundation Inc gave $171K across 3 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $26K across 9 grants.
What is Red Bank Foundation Inc's typical grant size?
Red Bank Foundation Inc's median grant in 2025 was $10,203, and its average grant was $57,154, across 3 grants on its 2025 IRS Form 990-PF.
Where does Red Bank Foundation Inc give grants?
Red Bank Foundation Inc gives mostly in Kentucky: 94% of the grant dollars itemized on its 2025 IRS Form 990-PF went to recipients there. The next largest state was Ohio (6%).
Does Red Bank Foundation Inc give general operating support?
Not in 2025: none of the 3 grants with a stated purpose on Red Bank Foundation Inc's 2025 IRS Form 990-PF were described as general or operating support.
How much is Red Bank Foundation Inc required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2025, Red Bank Foundation Inc reported a distributable amount of $17K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Red Bank Foundation Inc's EIN?
Red Bank Foundation Inc's EIN (Employer Identification Number) is 21-0737092. 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 18, 2020)
- Added Form 990-PF for fiscal year 2025 (received by the IRS May 1, 2026)
- IRS filings on file for fiscal years 2020–2024
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