The Charles Raia Jr Foundation Inc
The Charles Raia Jr Foundation Inc is a private foundation focused on Education, based in Ramsey, NJ. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $9K in total assets. In 2024, it awarded 5 grants totaling $58K. Net investment income was $37K.
The Charles Raia Jr Foundation Inc at a glance
In short: The Charles Raia Jr Foundation Inc gave $58K across 5 grants in 2024 (avg $12K), mostly in New Jersey. Source: 2024 IRS Form 990-PF.
- Annual giving (2024)
- $58,000
- -35.9% vs 2023
- Grants made (2024)
- 5
- +25.0% vs 2023
- Average grant
- $11,600
- -48.7% vs 2023
- Median grant
- $10,000
- Total assets
- $9,035
- -70.3% vs 2023
- Primary geography
- New Jersey (54% of itemized 2024 grant dollars)
- Latest 990 filing
- Form 990-PF, 2024 View filing
Data from IRS Form 990-PF, 2024; updated September 2026.
Who The Charles Raia Jr Foundation Inc funds
How this funder distributes its grants
Top Recipients
Top 5 recipients in 2024
The largest 2024 recipient was Hackensack UMC Foundation ($30K). Together the top 5 received $58K.
Grant Size Distribution
23 grants across all recorded years
The most common grant size was under $50K: 21 grants of 23 (91%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2024 grant dollars across all 5 itemized grants.
Cities
How The Charles Raia Jr Foundation Inc gives
- Giving held roughly steady from 2021 to 2024 (+16%). 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 2020 to 2024, annual grant giving ranged from $49K (2022) to $114K (2020). In 2024 it made 5 grants totaling $58K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Hackensack UMC Foundation Hackensack, NJ | Social Services | $30,000 |
| Boston College Chestnut Hill, MA | Unrestricted Grant for Use Within Charitable Purpose | $15,000 |
| Lehigh University Bethlehem, PA | Unrestricted Grant for Use Within Charitable Purpose | $10,000 |
| Fairleigh Dickinson University Florham Park, NJ | Unrestricted Grant for Use Within Charitable Purpose | $1,500 |
| Howard University Washington, DC | Unrestricted Grant for Use Within Charitable Purpose | $1,500 |
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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 | $9,035 | $39,860 | $61,214 | $58,000 | 5 | $58,000 | $36,646 | $2,456 |
| 2023 | $30,389 | $45,737 | $103,256 | $90,500 | 4 | $90,500 | $32,981 | $4,819 |
| 2022 | $87,908 | $2,626 | $60,705 | $48,500 | 6 | $48,500 | — | $8,814 |
| 2021 | $145,987 | $40,647 | $59,600 | $50,000 | 4 | $50,000 | $31,047 | $12,291 |
| 2020 | $164,940 | $23,231 | $122,833 | $113,900 | 4 | — | $17,298 | $12,426 |
Under IRS private-foundation payout rules, The Charles Raia Jr Foundation Inc reported a distributable amount of $2K for 2024 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
The Charles Raia Jr Foundation Inc's 2024 filing lists 2 officers; none of the 2 officers listed in 2024 report compensation.
Officers on the 2024 filing
Lawrence A. Raia
Officer & Trustee
On filings since 2020
3 hrs/week
$3K (2020) → $0 (2024)
Samuel S. Raia
Officer & Trustee
On filings since 2020
3 hrs/week
$3K (2020) → $0 (2024)
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 2023 IRS filing
The highest reported compensation on the 2023 filing was $4K, to Samuel S Raia (Officer and Trustee). 2 officers or directors reported compensation on that filing.
Frequently asked questions about The Charles Raia Jr Foundation Inc
How much does The Charles Raia Jr Foundation Inc give each year?
The Charles Raia Jr Foundation Inc gave $58K across 5 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $91K across 4 grants.
What is The Charles Raia Jr Foundation Inc's typical grant size?
The Charles Raia Jr Foundation Inc's median grant in 2024 was $10,000, and its average grant was $11,600, across 5 grants on its 2024 IRS Form 990-PF.
Where does The Charles Raia Jr Foundation Inc give grants?
The Charles Raia Jr Foundation Inc gives mostly in New Jersey: 54% of the grant dollars itemized on its 2024 IRS Form 990-PF went to recipients there. The next largest states were Massachusetts (26%) and Pennsylvania (17%).
Does The Charles Raia Jr Foundation Inc give general operating support?
Yes: 80% of The Charles Raia Jr Foundation Inc's 2024 grants with a stated purpose (4 of 5) were for general or operating support, per its 2024 IRS Form 990-PF.
Who are The Charles Raia Jr Foundation Inc's largest grantees?
The Charles Raia Jr Foundation Inc's largest 2024 grantees include Hackensack UMC Foundation ($30,000), Boston College ($15,000) and Lehigh University ($10,000), according to its 2024 IRS Form 990-PF. Together they received 95% of its itemized 2024 grant dollars.
How large is The Charles Raia Jr Foundation Inc?
The Charles Raia Jr Foundation Inc reported $9K in total assets on its 2024 IRS Form 990-PF. It paid out $58K in qualifying distributions that year, against a required minimum of $2K (roughly 5% of its investment assets).
What is The Charles Raia Jr Foundation Inc?
The Charles Raia Jr Foundation Inc is a private foundation focused on Education, based in Ramsey, NJ. It holds $9K in total assets as of 2024.
What is The Charles Raia Jr Foundation Inc's EIN?
The Charles Raia Jr Foundation Inc's EIN (Employer Identification Number) is 22-3417773. IRS Form 990 filing data is available on this page for 2020–2024.
Data last updated September 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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