The Norman R Rales and Ruth Rales
The Norman R Rales and Ruth Rales Foundation is a private foundation established in 1986 and based in Washington, DC. The foundation operates as a 501(c)(3) organization with tax-exempt status since June 1988. It functions as a family foundation focused on philanthropic giving across multiple sectors.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$185.5M
-12.6% YoY
Annual Giving
$37.0M
+175.5% YoY
Grant Count
17
+6.3% YoY
Avg Grant Size
$2.2M
+159.3% YoY
Mission & Focus Areas
The foundation's giving priorities include:
- Education
- Health organizations
- Children and youth services
- Social services
- Roman Catholic churches
- Jewish agencies and temples
- Philanthropy, voluntarism, and grantmaking
- Human services
Grantmaking
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Geographic Focus
Where this funder awards grants
The foundation's grantmaking focuses primarily on:
- Virginia
- New York
- Maryland
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
As of November 2024
- Total assets: $185,496,219
- Total revenue: $8,218,589
- Total expenses: $38,460,296
- Total liabilities: $4,420
- Number of employees: 4
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $185,496,219 | $212,153,902 | $221,982,032 |
| Revenue | $8,218,589 | $7,841,955 | $95,551,218 |
| Expenses | $38,460,296 | $16,263,744 | $15,476,157 |
| Qualifying Distributions | $38,334,514 | $14,820,114 | $15,070,786 |
| Net Investment Income | $8,208,847 | $7,832,235 | $95,541,164 |
| Distributable Amount | $9,385,688 | $10,631,479 | $10,382,432 |
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
101 grants across all recorded years
Giving History
Grant recipients and amounts by year
No grants recorded for .
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| STEVEN M RALES | TRUSTEE | 1 | — |
| MITCHELL P RALES | TRUSTEE | 1 | — |
| JOSHUA B RALES | TRUSTEE & PRESIDENT | 40 | $305,164 |
| JOSEPH O BUNTING III | VICE PRESIDENT & TREASURER | 1 | — |
| MARY W DUNN | SECRETARY | 5 | — |
| TERESA LC BALDWIN | ASSISTANT TREASURER/SECRETARY | 1 | — |
| ILEANE ROSENTHAL | CHIEF OPERATING OFFICER | 40 | $322,400 |
Recent News & Activity
Recent developments and announcements
The foundation has supported a groundbreaking initiative with Carnegie Mellon University to broaden access to STEM education. The Rales Fellows program was announced as a partnership between Carnegie Mellon and the foundation, with the first cohort of Rales Fellows welcomed to Carnegie Mellon University in September 2024.
Norman R Rales And Ruth Rales Foundation - Full Filing - News AppsContact Information
Address: 2200 Penn Ave NW, Suite 800W, Washington, DC 20037
Phone: 202-419-7606
EIN: 59-6874589
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Data last updated April 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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