RLB Private Foundation

Foundation · Grantmaker Wilmington, DE EIN: 82-2627736

RLB Private Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in Wilmington, DE. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $92K in total assets. In 2024, it awarded 7 grants totaling $41K. Net investment income was $28K.

Key facts about RLB Private Foundation

EIN: 82-2627736
Latest 990 filing: Form 990-PF, 2024
Annual giving (2024): $40,500
Grants made (2024): 7
Average grant: $5,786
Median grant: $5,000
Total assets: $91,550
Primary geography: New York (88% of itemized 2024 grant dollars)

Data from IRS Form 990-PF, 2024; updated September 2026.

Who RLB Private Foundation funds

By grant dollars, the top recipient states for RLB Private Foundation's 7 itemized 2024 grants were New York (88%) and Massachusetts (12%). 71% of grants with a stated purpose were for general or operating support.

How RLB Private Foundation gives

Giving fell 61% from 2021 to 2024. Method
In 2024 it paid out 688% of its IRS minimum distribution (the 5% rule). Method

From the foundation's IRS Form 990-PF filings. Methodology.

Next steps with RLB Private Foundation

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Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$92K

-18.6% YoY

Annual Giving

$41K

-18.2% YoY

Grant Count

-36.4% YoY

Avg Grant Size

$6K

+28.6% YoY

Under IRS private-foundation payout rules, RLB Private Foundation reported a distributable amount of $7K for 2024 — the minimum it must pay out in qualifying distributions.

About RLB Private Foundation

Based on IRS filings

Focus Areas

Philanthropy, Voluntarism & Grantmaking

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

New York $36K (88%)

Massachusetts $5K (12%)

Share of all 7 itemized 2024 grant dollars.

States

District of Columbia Delaware Massachusetts New Jersey New York Texas

Cities

New YorkMelvillePatchogueBethpageWilliamstownLocust ValleyRockville CtrSands PointBrooklynNew ProvidnceCommerceDeerfieldGreat NeckJerichoMount SinaiOld BrookvilleOld WestburyPrincetonRehoboth BchRockville Center

Financial History

Multi-year comparison from IRS filings

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2024	2023	2022
Total Assets	$91,550	$112,486	$173,237
Revenue	$28,529	$-2,001	$27,964
Expenses	$49,465	$58,750	$79,093
Qualifying Distributions	$48,809	$57,702	$77,854
Net Investment Income	$27,973	$5,967	$27,030
Distributable Amount	$7,092	$8,582	$12,452

Data update history

When this profile's IRS filing data changed on Grantable

March 3, 2026 IRS filings on file for fiscal years 2020–2024

Giving Over Time

Total grant dollars and number of grants per year

Grant Insights

How this funder distributes its grants

Top Recipients

Top 7 recipients in 2024

Grant Size Distribution

58 grants across all recorded years

Giving History

Grant recipients and amounts by year

Among its reported 2024 grants, the largest recipients include Island Harvest Ltd ($10,000), Physicians Home ($10,000), Friends Academy ($5,000).

Recipient	Purpose	Amount
ISLAND HARVEST LTD Melville, NY	General & Unrestricted	$10,000
PHYSICIANS HOME New York, NY	General & Unrestricted	$10,000
FRIENDS ACADEMY Locust Valley, NY	General & Unrestricted	$5,000
GREEN VALE SCHOOL Old Brookville, NY	Charitable Event	$5,000
TRUSTEES OF DEERFIELD ACADEMY Deerfield, MA	General & Unrestricted	$5,000
ST JOSEPH HOSPITAL Bethpage, NY	Charitable Event	$3,000
HEARTS TO HOMES FURNISHINGS INC Yonkers, NY	General & Unrestricted	$2,500

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

No officer or director reported compensation in the available filings.

From 2024 IRS filing

Name	Title	Hours	Compensation
David Kim	Dir, Sec, Treas	1	—
Tracy Jae Won Lee	Dir, Pres	1	—

Subject Areas

Focus areas based on grantmaking activity

Philanthropy, Voluntarism & Grantmaking

Frequently Asked Questions

What is RLB Private Foundation?

RLB Private Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in Wilmington, DE. It holds $92K in total assets as of 2024.

How large is RLB Private Foundation?

As of 2024, RLB Private Foundation holds $92K in total assets with $29K in annual revenue. It awarded 7 grants totaling $41K in 2024.

Where does RLB Private Foundation operate?

RLB Private Foundation has awarded grants in District of Columbia, Delaware, Massachusetts, New Jersey, New York, Texas.

What size grants does RLB Private Foundation award?

In 2024, RLB Private Foundation awarded 7 grants totaling $41K — an average of about $6K per grant, based on its IRS Form 990 filings.

How much is RLB Private Foundation required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2024, RLB Private Foundation reported a distributable amount of $7K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.