Rise Opportunity Foundation
Rise Opportunity Foundation is a private foundation, based in Chicago, IL. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $258K in total assets. In 2024, it awarded 2 grants totaling $535K.
Rise Opportunity Foundation at a glance
In short: Rise Opportunity Foundation gave $535K across 2 grants in 2024 (avg $268K), mostly in Tennessee. Source: 2024 IRS Form 990-PF.
- Annual giving (2024)
- $535,000
- +0.0% vs 2023
- Grants made (2024)
- 2
- +0.0% vs 2023
- Average grant
- $267,500
- +0.0% vs 2023
- Median grant
- $267,500
- Total assets
- $258,086
- -21.3% vs 2023
- Primary geography
- Tennessee (93% of itemized 2024 grant dollars)
- Latest 990 filing
- Form 990-PF, 2024 View filing
Data from IRS Form 990-PF, 2024; updated October 2026.
Who Rise Opportunity Foundation funds
How this funder distributes its grants
Top Recipients
Top 2 recipients in 2024
The largest 2024 recipient was Fisk University ($500K). Together the top 2 received $535K.
Grant Size Distribution
7 grants across all recorded years
The most common grant size was in the $500K–1M range: 4 grants of 7 (57%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2024 grant dollars across all 2 itemized grants.
Cities
How Rise Opportunity Foundation gives
- Giving held roughly steady from 2021 to 2024 (+2%). Method
- In 2024 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 2021 to 2024, annual grant giving ranged from $500K (2022) to $535K (2024). In 2024 it made 2 grants totaling $535K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Fisk University Nashville, TN | General Support | $500,000 |
| Spencer Educational Foundation Inc Newyork, NY | General Support | $35,000 |
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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 |
|---|---|---|---|---|---|---|---|---|
| 2024 | $258,086 | $1,000,000 | $1,069,878 | $535,000 | 2 | $1,066,681 | — | $13,262 |
| 2023 | $327,964 | $996,373 | $1,141,215 | $535,000 | 2 | $1,134,477 | — | $19,295 |
| 2022 | $472,806 | $500,000 | $1,064,232 | $500,000 | 1 | $1,051,117 | — | $30,797 |
| 2021 | $1,037,038 | $1,950,001 | $912,963 | $525,000 | 2 | $898,267 | $1 | $14,850 |
Under IRS private-foundation payout rules, Rise Opportunity Foundation reported a distributable amount of $13K for 2024 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
Rise Opportunity Foundation is led by Patrick Phillips, President & CEO on every filing since 2020; 1 of 5 officers listed in 2024 is compensated.
Officers on the 2024 filing
Patrick Phillips
President & CEO
On filings since 2020
40 hrs/week
$181K (2021) → $199K (2024)
Patrick G. Ryan
Director, Chairman & Treasurer
Director & Chairman → Director, Chairman & Treasurer, 2024
On filings since 2020
1 hr/week
No compensation reported
Shirley W. Ryan
Director & Secretary
Director → Director & Secretary, 2024
On filings since 2020
1 hr/week
No compensation reported
Dawn Moore
Assistant Secretary
New on the 2024 filing
1 hr/week
No compensation reported
Mary Ignell
Assistant Treasurer
New on the 2024 filing
1 hr/week
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.
Compensation Overview
From 2024 IRS filing
The highest reported compensation on the 2024 filing was $199K, to Patrick Phillips (President/CEO).
Frequently asked questions about Rise Opportunity Foundation
How much does Rise Opportunity Foundation give each year?
Rise Opportunity Foundation gave $535K across 2 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $535K across 2 grants.
How large is Rise Opportunity Foundation?
Rise Opportunity Foundation reported $258K in total assets on its 2024 IRS Form 990-PF. It paid out $1.1M in qualifying distributions that year, against a required minimum of $13K (roughly 5% of its investment assets).
Where does Rise Opportunity Foundation operate?
Rise Opportunity Foundation has awarded grants in New York, Tennessee.
What is Rise Opportunity Foundation's EIN?
Rise Opportunity Foundation's EIN (Employer Identification Number) is 85-4212779. IRS Form 990 filing data is available on this page for 2020–2024.
Data last updated October 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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