Republic Bank Foundation Inc
Republic Bank Foundation Inc is a private foundation based in Louisville, Kentucky, established to provide philanthropic support to nonprofit organizations. The foundation operates as a 501(c)(3) charitable organization with a focus on strengthening communities through strategic grantmaking.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$7.3M
-2.1% YoY
Annual Giving
$1.4M
+6.5% YoY
Grant Count
153
-23.5% YoY
Avg Grant Size
$9K
+39.2% YoY
Under IRS private-foundation payout rules, Republic Bank Foundation Inc reported a distributable amount of $594K for 2024 — the minimum it must pay out in qualifying distributions.
Mission & Focus Areas
The foundation's mission centers on providing funding for scholarships and supporting initiatives that enhance community welfare. Primary funding areas include:
- Education and higher education
- University education
- Religion, particularly Judaism
- Human services
- Family services
- Child welfare
- Philanthropy and grantmaking
Grantmaking
The foundation awards grants through various programs including:
Grant Range
$11 to $266,666
Average Grant
approximately $28 (though individual grants vary significantly)
Grant Types
How to Apply
**
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Geographic Focus
Where this funder awards grants
The foundation supports projects across multiple states and cities, including:
States: California, Florida, Illinois, Indiana, Kentucky, Maryland, New York, Ohio, Oregon, Tennessee, and Texas
Cities: Louisville, Chicago, Dallas, and New York, among others
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
Most Recent (2024):
- Total Assets: $7,303,994
- Total Revenue: $1,357,335
- Total Expenses: $1,517,108
- Total Giving: $1,411,775
Historical Context: The foundation has grown significantly since its establishment, with assets previously reported at $7.5 million and annual giving capacity in the $1.3–$1.4 million range.
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $7,303,994 | $7,464,374 | $8,041,622 |
| Revenue | $1,357,335 | $859,868 | $714,169 |
| Expenses | $1,517,108 | $1,430,729 | $1,501,362 |
| Qualifying Distributions | $1,411,834 | $1,328,603 | $1,372,267 |
| Net Investment Income | $1,264,484 | $749,324 | $603,772 |
| Distributable Amount | $594,455 | $564,198 | $617,270 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
Grant Size Distribution
152 grants across all recorded years
Open Grants
1 open opportunity from Republic Bank Foundation Inc
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Metro United Way ($55,000), Kentucky to the World ($25,000), Leadership Louisville Foundation Inc ($25,000).
| Recipient | Purpose | Amount |
|---|---|---|
| Kentucky to the World Louisville, KY | Title sponsorship (payment 1 of 3) | $25,000 |
| Urban League of Hillsborough Tampa, FL | Welcome to the Roaring Twenties Gala sponsorship | $9,750 |
| Shelby County Tourism Commission Shelbyville, KY | Shelbyville Conference (Convention) Center (payment 4 of 7) | $7,143 |
| Emergency Shelter House of Northern Kentucky Covington, KY | Capital campaign pledge (payment 3 of 5) | $10,000 |
| Miracle League of Louisville Louisville, KY | Electronic scoreboard sponsorship (payment 1 of 5) | $6,000 |
| Americana Community Center Inc Louisville, KY | Adult services programs | $10,000 |
| Delta Foundation Louisville, KY | Books & Basketball program | $2,500 |
| Assumption High School Louisville, KY | Launching the Future Campaign (payment 3 of 4) | $12,500 |
| Jewish Family & Career Services Louisville, KY | Matching gift | $500 |
| Leadership Louisville Foundation Inc Louisville, KY | Leadership Louisville program/Women's Leadership program | $25,000 |
Leadership & Key People
Leadership team and compensation from IRS filings
- Carolle Jones Clay – President
- Steven E Trager – Director
- William Summers – Director
- John Rippy – Secretary
- Kevin Sipes – Treasurer
- Logan Pichel – Director
Compensation Overview
From 2024 IRS filing
No officer/director data available.
Contact Information
Address: 601 W Market Street, Louisville, KY 40202-2745
Phone: (502) 560-8628
EIN: 27-2222303
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What does Republic Bank Foundation Inc fund?
The foundation's mission centers on providing funding for scholarships and supporting initiatives that enhance community welfare. Primary funding areas include: • Education and higher education • University education • Religion, particularly Judaism • Human services • Family services • Child welfare • Philanthropy and grantmaking
How do I apply for a grant from Republic Bank Foundation Inc?
**Grant Activity:** • Made 85 grants in 2024 totaling approximately $1.3 million • Grant range: $11 to $266,666 • Median grant amount: $10,000 • Average grant size: approximately $28 (though individual grants vary significantly) • Giving rate: 17.1% of assets **Grant Types:** The foundation awards grants through various programs including: • Matching gifts • General purpose grants • Sponsorships • Multi-year commitments (such as the University of Louisville Foundation agreement structured as 8 …
Where does Republic Bank Foundation Inc make grants?
The foundation supports projects across multiple states and cities, including: **States:** California, Florida, Illinois, Indiana, Kentucky, Maryland, New York, Ohio, Oregon, Tennessee, and Texas **Cities:** Louisville, Chicago, Dallas, and New York, among others
What size grants does Republic Bank Foundation Inc award?
In 2024, Republic Bank Foundation Inc awarded 153 grants totaling $1.4M — an average of about $9K per grant, based on its IRS Form 990 filings.
How much is Republic Bank Foundation Inc required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Republic Bank Foundation Inc reported a distributable amount of $594K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Republic Bank Foundation Inc's EIN?
Republic Bank Foundation Inc's EIN (Employer Identification Number) is 27-2222303. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in Republic Bank Foundation Inc's focus areas in our free grants database
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Data last updated June 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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