Redy Foundation Inc
Redy Foundation Inc is a private foundation focused on Education, based in Newark, DE. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $245K in total assets. In 2024, it awarded 4 grants totaling $12K. Net investment income was $3K.
Redy Foundation Inc at a glance
In short: Redy Foundation Inc gave $12K across 4 grants in 2024 (avg $3K), mostly in California. Source: 2024 IRS Form 990-PF.
- Annual giving (2024)
- $11,600
- -48.7% vs 2023
- Grants made (2024)
- 4
- +0.0% vs 2023
- Average grant
- $2,900
- -48.7% vs 2023
- Median grant
- $2,000
- Total assets
- $245,133
- -3.8% vs 2023
- Primary geography
- California (60% of itemized 2024 grant dollars)
- Latest 990 filing
- Form 990-PF, 2024 View filing
Data from IRS Form 990-PF, 2024; updated September 2026.
Who Redy Foundation Inc funds
How this funder distributes its grants
Top Recipients
Top 4 recipients in 2024
The largest 2024 recipient was USC ($7K). Together the top 4 received $12K.
Grant Size Distribution
16 grants across all recorded years
The most common grant size was under $50K: 16 grants of 16 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2024 grant dollars across all 4 itemized grants.
States
Cities
How Redy Foundation Inc gives
- Giving grew 111% from 2021 to 2024. Method
- In 2024 it paid out 65% of its IRS minimum distribution (the 5% rule). Foundations have until the end of the next year to meet it. 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 2020 to 2024, annual grant giving ranged from $5K (2020) to $23K (2023). In 2024 it made 4 grants totaling $12K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| USC Pasadena, CA | GoodworksCharity | $7,000 |
| Dcaa Wilmington, DE | GoodworksCharity | $3,000 |
| Team Cure Cholangio Wilmington, DE | GoodworksCharity | $1,000 |
| DCGA Wilmington, DE | GoodworksCharity | $600 |
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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 |
|---|---|---|---|---|---|---|---|---|
| 2024 | $245,133 | $4,458 | $15,138 | $11,600 | 4 | $12,175 | $2,738 | $18,851 |
| 2023 | $254,743 | $6,908 | $25,358 | $22,600 | 4 | $22,799 | $4,339 | $15,894 |
| 2022 | $273,192 | $196,856 | $8,562 | $6,000 | 3 | $6,679 | — | $5,746 |
| 2021 | $84,899 | $4,622 | $8,209 | $5,500 | 2 | $5,928 | — | $5,602 |
| 2020 | $88,486 | $94,619 | $6,133 | $5,000 | 3 | — | — | $5,317 |
Under IRS private-foundation payout rules, Redy Foundation Inc reported a distributable amount of $19K for 2024 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
Redy Foundation Inc's only listed officer is Ray Yin, Officer on every filing since 2020 (uncompensated).
Officers on the 2024 filing
Ray Yin
Officer
On filings since 2020
No compensation reported
Data from IRS Form 990 filings, 2020–2024. "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 Redy Foundation Inc
How much does Redy Foundation Inc give each year?
Redy Foundation Inc gave $12K across 4 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $23K across 4 grants.
What is Redy Foundation Inc's typical grant size?
Redy Foundation Inc's median grant in 2024 was $2,000, and its average grant was $2,900, across 4 grants on its 2024 IRS Form 990-PF.
Where does Redy Foundation Inc give grants?
Redy Foundation Inc gives mostly in California: 60% of the grant dollars itemized on its 2024 IRS Form 990-PF went to recipients there. The next largest state was Delaware (40%). The most frequent recipient cities were Wilmington, DE (3 grants).
Does Redy Foundation Inc give general operating support?
Not in 2024: none of the 4 grants with a stated purpose on Redy Foundation Inc's 2024 IRS Form 990-PF were described as general or operating support. Recurring purposes include "GoodworksCharity" (4 grants).
How large is Redy Foundation Inc?
Redy Foundation Inc reported $245K in total assets on its 2024 IRS Form 990-PF. It paid out $12K in qualifying distributions that year, against a required minimum of $19K (roughly 5% of its investment assets). Falling short in one year is not a violation: foundations have until the end of the next year to meet the minimum.
What is Redy Foundation Inc?
Redy Foundation Inc is a private foundation focused on Education, based in Newark, DE. It holds $245K in total assets as of 2024.
What is Redy Foundation Inc's EIN?
Redy Foundation Inc's EIN (Employer Identification Number) is 84-4354059. IRS Form 990 filing data is available on this page for 2020–2024.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(1)
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2024
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