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.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$9K
-70.3% YoY
Annual Giving
$58K
-35.9% YoY
Grant Count
5
+25.0% YoY
Avg Grant Size
$12K
-48.7% YoY
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.
About The Charles Raia Jr Foundation Inc
Based on IRS filings
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.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $9,035 | $30,389 | $87,908 |
| Revenue | $39,860 | $45,737 | $2,626 |
| Expenses | $61,214 | $103,256 | $60,705 |
| Qualifying Distributions | $58,000 | $90,500 | $48,500 |
| Net Investment Income | $36,646 | $32,981 | — |
| Distributable Amount | $2,456 | $4,819 | $8,814 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 5 recipients in 2024
Grant Size Distribution
23 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Hackensack Umc Foundation ($30,000), Boston College ($15,000), Lehigh University ($10,000).
| Recipient | Purpose | Amount |
|---|---|---|
| BOSTON COLLEGE CHESTNUT HILL, MA | UNRESTRICTED GRANT FOR USE WITHIN CHARITABLE PURPOSE | $15,000 |
| FAIRLEIGH DICKINSON UNIVERSITY FLORHAM PARK, NJ | UNRESTRICTED GRANT FOR USE WITHIN CHARITABLE PURPOSE | $1,500 |
| HACKENSACK UMC FOUNDATION HACKENSACK, NJ | SOCIAL SERVICES | $30,000 |
| HOWARD UNIVERSITY WASHINGTON, DC | UNRESTRICTED GRANT FOR USE WITHIN CHARITABLE PURPOSE | $1,500 |
| LEHIGH UNIVERSITY BETHLEHEM, PA | UNRESTRICTED GRANT FOR USE WITHIN CHARITABLE PURPOSE | $10,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| SAMUEL S RAIA | OFFICER AND TRUSTEE | 3 | — |
| LAWRENCE A RAIA | OFFICER AND TRUSTEE | 3 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
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.
How large is The Charles Raia Jr Foundation Inc?
As of 2024, The Charles Raia Jr Foundation Inc holds $9K in total assets with $40K in annual revenue. It awarded 5 grants totaling $58K in 2024.
Where does The Charles Raia Jr Foundation Inc operate?
The Charles Raia Jr Foundation Inc has awarded grants in Connecticut, District of Columbia, Indiana, Massachusetts, New Jersey, Pennsylvania.
What size grants does The Charles Raia Jr Foundation Inc award?
In 2024, The Charles Raia Jr Foundation Inc awarded 5 grants totaling $58K — an average of about $12K per grant, based on its IRS Form 990 filings.
How much is The Charles Raia Jr Foundation Inc required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, The Charles Raia Jr Foundation Inc reported a distributable amount of $2K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
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.
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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