Red Bank Foundation Inc
Red Bank Foundation Inc is a private foundation, based in VERO BEACH, FL. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $163K in total assets. In 2024, it awarded 9 grants totaling $26K. Net investment income was $22K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$163K
-2.5% YoY
Annual Giving
$26K
+39.8% YoY
Grant Count
9
+50.0% YoY
Avg Grant Size
$3K
-6.8% YoY
Under IRS private-foundation payout rules, Red Bank Foundation Inc reported a distributable amount of $30K for 2024 — the minimum it must pay out in qualifying distributions.
About Red Bank Foundation Inc
Based on IRS filings
Red Bank Foundation Inc is a private foundation, based in VERO BEACH, FL. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $163K in total assets. In 2024, it awarded 9 grants totaling $26K. Net investment income was $22K.
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $163,108 | $167,305 | $165,258 |
| Revenue | $23,870 | $22,657 | $21,996 |
| Expenses | $27,746 | $20,332 | $28,374 |
| Qualifying Distributions | $26,000 | $18,600 | $26,650 |
| Net Investment Income | $22,124 | $20,925 | $20,005 |
| Distributable Amount | $30,366 | $30,110 | $34,563 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 9 recipients in 2024
Grant Size Distribution
36 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include United Way of Indian River County ($10,000), Gifford Youth Achievement Center ($5,000), Johns Island Community Service Leag ($5,000).
| Recipient | Purpose | Amount |
|---|---|---|
| GIFFORD YOUTH ACHIEVEMENT CENTER VERO BEACH, FL | YOUTH ACHIEVEMENT | $5,000 |
| LEARNING ALLIANCE VERO BEACH, FL | TUTORING CHILDREN | $1,000 |
| CLEVELAND CLINIC FOUNDATION VERO BEACH, FL | EXPAND TECHNOLOGY & CAPACITY | $1,000 |
| JOHNS ISLAND COMMUNITY SERVICE LEAG VERO BEACH, FL | SERVE FAMILIES IN NEED | $5,000 |
| JOHN'S ISLAND FOUNDATION VERO BEACH, FL | PROVIDE SUPPORT FOR FAMILIES IN NEED | $1,000 |
| RUTGERS FOUNDATION NEW BRUNSWICK, NJ | CONTRIBUTING TO STUDENT EDUCATION | $1,000 |
| UNITED WAY OF INDIAN RIVER COUNTY VERO BEACH, FL | DISASTER RELIEF | $10,000 |
| UNITED AGAINST POVERTY VERO BEACH, FL | TO HELP INDIVIDUALS IN NEED | $1,000 |
| HEALTHY START VERO BEACH, FL | TO HELP INDIVIDUALS WITH HEALTHCARE | $1,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| JOAN N WOODHOUSE | PRESIDENT | — | — |
Frequently Asked Questions
How large is Red Bank Foundation Inc?
As of 2024, Red Bank Foundation Inc holds $163K in total assets with $24K in annual revenue. It awarded 9 grants totaling $26K in 2024.
Where does Red Bank Foundation Inc operate?
Red Bank Foundation Inc has awarded grants in Connecticut, Florida, New Jersey.
What size grants does Red Bank Foundation Inc award?
In 2024, Red Bank Foundation Inc awarded 9 grants totaling $26K — an average of about $3K per grant, based on its IRS Form 990 filings.
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 2024, Red Bank Foundation Inc reported a distributable amount of $30K 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 2020–2024.
Explore Open Grants
Browse active grant opportunities in Red Bank Foundation Inc's focus areas in our free grants database
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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