RISE8 Foundation
RISE8 Foundation is a private foundation based in Hunt Valley, Maryland. Its 2024 filing reports 16 grants totaling $15,308,666 to charitable organizations, including education and literacy organizations, a higher-education accreditor, and a public charity dedicated to philanthropy.
RISE8 Foundation at a glance
In short: RISE8 Foundation gave $15.3M across 16 grants in 2024 (avg $957K), mostly in Pennsylvania. Source: 2024 IRS Form 990-PF.
- Annual giving (2024)
- $15,308,666
- -20.3% vs 2023
- Grants made (2024)
- 16
- -23.8% vs 2023
- Average grant
- $956,792
- +4.6% vs 2023
- Median grant
- $205,000
- Total assets
- $342,478,446
- +13.8% vs 2023
- Primary geography
- Pennsylvania (67% of itemized 2024 grant dollars)
- Latest 990 filing
- Form 990-PF, 2024 View filing
Data from IRS Form 990-PF, 2024; updated October 2026.
How to apply to RISE8 Foundation
- Accepts unsolicited proposals
- No
- How to Apply
-
The foundation does not accept unsolicited requests for funds and makes contributions only to preselected charitable organizations. No application materials or other application process are specified.
- Contact
Mailing address: Ep1 11350 Mccormick Rd 702, Hunt Valley, MD 21031
Phone: (410) 595-2266
Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.
Who RISE8 Foundation funds
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
The largest 2024 recipient was National Philanthropic Trust ($10.3M). Together the top 10 received $15.0M.
Grant Size Distribution
68 grants across all recorded years
The most common grant size was in the $100–250K range: 24 grants of 68 (35%).
Geographic Focus
Where this funder awards grants
The 2024 grant dollars were reported as 67% to recipients in Pennsylvania, 18% in California, 3% in New York, and 2% in Washington, DC. The filing also reports 4% for a recipient state shown as “?”, so that portion cannot be assigned to a named state from the available information. Listed recipients were also based in Massachusetts, Delaware, and Connecticut.
Grant Distribution by State
Share of 2024 grant dollars across all 16 itemized grants.
States
Cities
How RISE8 Foundation gives
- 69% of 2024 grantees were also funded in 2023. Method
- Giving grew 809% from 2021 to 2024. Method
- In 2024 it paid out 99% of its IRS minimum distribution (the 5% rule). Foundations have until the end of the next year to meet it. Method
Estimate from itemized grant lists in IRS Form 990-PF filings (2024). Recipient names are matched across years, so a renamed or misspelled grantee can look new; grants to individuals are left out. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2024, annual grant giving ranged from $1.7M (2021) to $19.2M (2023). In 2024 it made 16 grants totaling $15.3M.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| National Philanthropic Trust Jenkintown, PA | General Support | $10,325,000 |
| Khan Academy Inc Mountain View, CA | General Support | $2,300,000 |
| Asia Community Foundation Ltd | General Support - U.S. Public Charity Equivalency Determination | $600,000 |
| Commonlit Inc Washington, DC | General Support | $333,000 |
| Talkingpoints San Francisco, CA | General Support | $333,000 |
| Postsecondary Commission Boston, MA | General Support | $250,000 |
| Rocket Learning Foundation Wilmington, DE | General Support | $250,000 |
| All Our Kin Inc New Haven, CT | General Support | $210,000 |
| Empirical Resolution Inc Ridgewood, NY | General Support | $200,000 |
| The Trustees of Columbia University New York, NY | General Support | $175,000 |
Ready to take the next step with RISE8 Foundation?
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 | $342,478,446 | $49,443,141 | $16,004,312 | $15,308,666 | 16 | $15,416,893 | $24,836,812 | $15,521,538 |
| 2023 | $301,043,492 | $18,586,029 | $19,668,492 | $19,212,167 | 21 | $19,398,417 | $24,627,228 | $14,504,642 |
| 2022 | $302,140,201 | $-96,138,212 | $6,899,095 | $4,558,667 | 19 | $4,625,680 | $49,793,629 | $19,267,658 |
| 2021 | $406,059,387 | $147,210,876 | $1,817,670 | $1,684,000 | 10 | $1,812,590 | $54,847,428 | $11,920,646 |
| 2020 | $259,766,181 | $150,051,594 | $12,199,431 | $12,085,000 | 2 | — | $25,925,444 | $7,667,736 |
Under IRS private-foundation payout rules, RISE8 Foundation reported a distributable amount of $15.5M for 2024 — the minimum it must pay out in qualifying distributions.
Research compiled by Grantable AI from public sources. Last updated October 2026.
Mission & Focus Areas
No mission statement for the foundation is provided. Its 2024 grants went to organizations working in areas including education, literacy, family learning, and philanthropy. For example, Khan Academy describes its mission as providing “a free world-class education for anyone, anywhere.” CommonLit says it makes high-quality literacy materials accessible to teachers and the public, while TalkingPoints says it connects schools, teachers, and families to support student success, especially in under-resourced communities.
Other 2024 recipients included the Postsecondary Commission, which describes itself as an accreditor of higher-education institutions that provide strong economic outcomes; All Our Kin, which trains and supports community child care providers; and Empirical Resolution, whose Quill literacy tools provide free writing instruction and feedback for low-income K–12 students.
Grantmaking
In 2024, the foundation reported 16 grants totaling $15,308,666. Grants ranged from $1,000 to $10,325,000, with a median of $205,000. The largest grants were $10,325,000 to National Philanthropic Trust and $2,300,000 to Khan Academy, both for general support. Other grants included $600,000 to Asia Community Foundation Ltd. for general support with a U.S. public charity equivalency determination, and $333,000 each to CommonLit and TalkingPoints for general support.
Leadership & Key People
Leadership team and compensation from IRS filings
The 2024 filing lists Feroz Dewan and Erica Dewan as trustees.
RISE8 Foundation's 2024 filing lists 2 officers; none of the 2 officers listed in 2024 report compensation.
Officers on the 2024 filing
Erica Dewan
Trustee
On filings since 2020
2 hrs/week
No compensation reported
Feroz Dewan
Trustee
On filings since 2020
2 hrs/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.
Frequently asked questions about RISE8 Foundation
How much does RISE8 Foundation give each year?
RISE8 Foundation gave $15.3M across 16 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $19.2M across 21 grants.
What is RISE8 Foundation's typical grant size?
RISE8 Foundation's median grant in 2024 was $205,000, and its average grant was $956,792, across 16 grants on its 2024 IRS Form 990-PF.
Where does RISE8 Foundation give grants?
RISE8 Foundation gives mostly in Pennsylvania: 67% of the grant dollars itemized on its 2024 IRS Form 990-PF went to recipients there. The next largest state was California (18%). The most frequent recipient cities were New York, NY (2 grants).
Does RISE8 Foundation give general operating support?
Yes: 94% of RISE8 Foundation's 2024 grants with a stated purpose (15 of 16) were for general or operating support, per its 2024 IRS Form 990-PF.
Who are RISE8 Foundation's largest grantees?
RISE8 Foundation's largest 2024 grantees include National Philanthropic Trust ($10,325,000), Khan Academy Inc ($2,300,000) and Asia Community Foundation Ltd ($600,000), according to its 2024 IRS Form 990-PF. Together they received 86% of its itemized 2024 grant dollars.
How large is RISE8 Foundation?
RISE8 Foundation reported $342.5M in total assets on its 2024 IRS Form 990-PF. It paid out $15.4M in qualifying distributions that year, against a required minimum of $15.5M (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 does RISE8 Foundation fund?
No mission statement for the foundation is provided. Its 2024 grants went to organizations working in areas including education, literacy, family learning, and philanthropy. For example, Khan Academy describes its mission as providing “a free world-class education for anyone, anywhere.” See mission & focus areas ↑
How do I apply for a grant from RISE8 Foundation?
The foundation does not accept unsolicited requests for funds and makes contributions only to preselected charitable organizations. Eligibility and process details are in the grantmaking section of this profile. See how to apply ↑
What is RISE8 Foundation's EIN?
RISE8 Foundation's EIN (Employer Identification Number) is 26-6476207. IRS Form 990 filing data is available on this page for 2020–2024.
Does RISE8 Foundation accept unsolicited proposals?
No, according to Grantable's research on the foundation's published guidelines. See how to apply ↑
Data last updated October 2026. Sourced from IRS Form 990-PF filings. Research dossier generated October 2026.
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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Cite this profile
Grantable. (2026). RISE8 Foundation funder profile. GrantGraph. Retrieved October 12, 2026, from https://grantable.co/funders/rise8-foundation-morg_15013e5702824d5c8ffbd89edb714f5f
BibTeX
@misc{grantable_266476207_2026,
author = {{Grantable}},
title = {{RISE8 Foundation funder profile}},
howpublished = {GrantGraph},
year = {2026},
url = {https://grantable.co/funders/rise8-foundation-morg_15013e5702824d5c8ffbd89edb714f5f},
note = {Accessed 2026-10-12. Data licensed CC BY 4.0}
}The figures on this page are open data under CC BY 4.0: reuse them with credit to Grantable and a link. Download the data.
Figures come from RISE8 Foundation's IRS filings (methodology). AI-written summaries, news items and logos are not covered by the open licence. Spot an error? Email hello@grantable.co.
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