Rita & Luis Echenique is a private foundation focused on Education, based in KING CITY, CA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $2.3M in total assets. In 2024, it awarded 15 grants totaling $190K. Net investment income was $150K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$2.3M
-2.1% YoY
Annual Giving
$190K
+9.5% YoY
Grant Count
15
+15.4% YoY
Avg Grant Size
$13K
-5.1% YoY
Under IRS private-foundation payout rules, Rita & Luis Echenique reported a distributable amount of $137K for 2024 — the minimum it must pay out in qualifying distributions.
About Rita & Luis Echenique
Based on IRS filings
Rita & Luis Echenique is a private foundation focused on Education, based in KING CITY, CA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $2.3M in total assets. In 2024, it awarded 15 grants totaling $190K. Net investment income was $150K.
Focus Areas
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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 | $2,321,658 | $2,371,875 | $2,482,081 |
| Revenue | $169,419 | $86,548 | $94,973 |
| Expenses | $219,636 | $196,754 | $136,128 |
| Qualifying Distributions | $190,000 | $173,500 | $110,000 |
| Net Investment Income | $150,190 | $69,338 | $75,625 |
| Distributable Amount | $137,236 | $130,540 | $135,298 |
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
44 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Community Foundation ($106,500), King City Rotary Club Foundation ($10,000), Salinas Soccer Femenil ($10,000).
| Recipient | Purpose | Amount |
|---|---|---|
| COMMUNITY FOUNDATION MONTEREY, CA | $7,000 TOWARDS RANCHO CIELO, $10,000 TOWARDS SOL TREASURES, $5,000 TOWARDS GIRLS, INC., $5,000 TOWARDS ARTS COUNCIL OF MONTEREY COUNTY,$7,000 TOWARDS READ TO ME PROJECT, $8,000 TOWARDS CASA, $8,000 TOWARDS FOUNDATION FOR MONTEREY COUNTY FREE LIBRARIES, $7,500 TOWARDS SENECA FAMILY OF AGENCIES,$7,500 TOWARDS SCAR,$7,000 TOWARDS SUN STREET CENTERS, $10,000 TOWARDS GREENFIELD COMMUNITY SCIENCE WORKSHOP, $4,000 TOWARDS LEGAL SERVICES FOR SENIORS, $7,500 TOWARDS MCARLM,$7,000 TOWARDS THE PARENTING CORPORATION, AND $6,000 TOWARDS MONTEREY COLLEGE OF LAW. | $106,500 |
| AVILA VICTORY BOXING INC GREENFIELD, CA | $7,500 TOWARDS YEAR-ROUND BOXING PROGRAM. | $7,500 |
| THE COMMUNITY FOOD PANTRY OF KING C KING CITY, CA | TO PROVIDE FUNDING FOR FOOD FOR KING CITY RESIDENTS. | $5,000 |
| KING CITY BOXING CLUB KING CITY, CA | $6,000 TOWARDS BOXING PROGRAM. | $6,000 |
| DIA DE LOS MUERTOS PARADE KING CITY, CA | $5,000 TOWARDS PARADE AND FESTIVAL. | $5,000 |
| CHISPA SALINAS, CA | $5,000 FOR AFTER SCHOOL ENRICHMENT PROGRAM. | $5,000 |
| OUR NEIGHBORHOOD PET PROJECT SOLEDAD, CA | $3,000 TOWARDS SPAY AND NEUTER PROGRAM. | $3,000 |
| SAN ANTONIO USD LOCKWOOD, CA | $5,000 TOWARDS SCIENCE CAMP. | $5,000 |
| GONZALES UNIFIED SCHOOL DISTRICT GONZALES, CA | $5,500 TOWARDS NEW 3-D PRINTERS | $5,500 |
| HOSPICE GIVING FOUNDATION MONTEREY, CA | $5,000 TOWARDS PROVIDING CARE FOR SOUTH MONTEREY COUNTY FAMILIES. | $5,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| BECKY GARCIA | Vice President | 1 | — |
| ROGER BORZINI | President | 1 | — |
| JANE STILE | Director | 1 | — |
| DEBORAH HOWITT | Secretary | 1 | — |
| CHRISTOPHER LOPEZ | Director | 1 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Rita & Luis Echenique?
Rita & Luis Echenique is a private foundation focused on Education, based in KING CITY, CA. It holds $2.3M in total assets as of 2024.
How large is Rita & Luis Echenique?
As of 2024, Rita & Luis Echenique holds $2.3M in total assets with $169K in annual revenue. It awarded 15 grants totaling $190K in 2024.
Where does Rita & Luis Echenique operate?
Rita & Luis Echenique has awarded grants in California.
What size grants does Rita & Luis Echenique award?
In 2024, Rita & Luis Echenique awarded 15 grants totaling $190K — an average of about $13K per grant, based on its IRS Form 990 filings.
How much is Rita & Luis Echenique required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Rita & Luis Echenique reported a distributable amount of $137K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Rita & Luis Echenique's EIN?
Rita & Luis Echenique's EIN (Employer Identification Number) is 27-2531914. IRS Form 990 filing data is available on this page for 2020–2024.
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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