The Olga D Rasmussen Award is a private foundation focused on Education, based in ITHACA, NY. IRS filing data is available from 2020 through 2025. As of 2025, the organization holds $219K in total assets. In 2025, it awarded 17 grants totaling $64K. Net investment income was $70K.
Financial Overview
From 2025 IRS Form 990-PF · View filing
Total Assets
$219K
-0.0% YoY
Annual Giving
$64K
-13.5% YoY
Grant Count
17
+21.4% YoY
Avg Grant Size
$4K
-28.8% YoY
Under IRS private-foundation payout rules, The Olga D Rasmussen Award reported a distributable amount of $10K for 2025 — the minimum it must pay out in qualifying distributions.
About The Olga D Rasmussen Award
Based on IRS filings
The Olga D Rasmussen Award is a private foundation focused on Education, based in ITHACA, NY. IRS filing data is available from 2020 through 2025. As of 2025, the organization holds $219K in total assets. In 2025, it awarded 17 grants totaling $64K. Net investment income was $70K.
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 | 2025 | 2024 | 2023 |
|---|---|---|---|
| Total Assets | $218,649 | $218,667 | $300,403 |
| Revenue | $73,033 | $14,285 | $-5,860 |
| Expenses | $71,374 | $98,006 | $55,280 |
| Qualifying Distributions | $68,252 | $84,855 | $50,802 |
| Net Investment Income | $69,964 | $217 | $3,832 |
| Distributable Amount | $10,330 | $13,158 | $15,936 |
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 2025
Grant Size Distribution
43 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2025 grants, the largest include Penn State University ($14,000), St John Fisher College ($5,500), Liberty University ($5,000).
| Recipient | Purpose | Amount |
|---|---|---|
| NORTHEASTERN UNIVERSITY BOSTON, MA | SCHOLARSHIPS | $3,000 |
| MARIST COLLEGE POUGHKEEPSIE, NY | SCHOLARSHIPS | $1,500 |
| ST JOHN FISHER COLLEGE ROCHESTER, NY | SCHOLARSHIPS | $5,500 |
| UTICA COLLEGE UTICA, NY | SCHOLARSHIPS | $500 |
| SUNY CORTLAND CORTLAND, NY | SCHOLARSHIPS | $2,000 |
| FLORIDA INSTITUTE OF TECHNOLOGY MELBOURNE, FL | SCHOLARSHIPS | $4,000 |
| LIBERTY UNIVERSITY LYNCHBURG, VA | SCHOLARSHIPS | $5,000 |
| PENN STATE UNIVERSITY UNIVERSITY PARK, PA | SCHOLARSHIPS | $14,000 |
| HARTWICK COLLEGE ONEONTA, NY | SCHOLARSHIPS | $5,000 |
| NAZARETH COLLEGE ROCHESTER, NY | SCHOLARSHIPS | $2,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2025 IRS filing
From 2025 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| BANK OF AMERICA | TRUSTEE | 1 | $1,907 |
| TOMPKINS COMMUNITY BANK | TRUSTEE | 1 | $382 |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is The Olga D Rasmussen Award?
The Olga D Rasmussen Award is a private foundation focused on Education, based in ITHACA, NY. It holds $219K in total assets as of 2025.
How large is The Olga D Rasmussen Award?
As of 2025, The Olga D Rasmussen Award holds $219K in total assets with $73K in annual revenue. It awarded 17 grants totaling $64K in 2025.
Where does The Olga D Rasmussen Award operate?
The Olga D Rasmussen Award has awarded grants in California, District of Columbia, Florida, Massachusetts, New Jersey, New York, Pennsylvania, Virginia.
What size grants does The Olga D Rasmussen Award award?
In 2025, The Olga D Rasmussen Award awarded 17 grants totaling $64K — an average of about $4K per grant, based on its IRS Form 990 filings.
How much is The Olga D Rasmussen Award required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2025, The Olga D Rasmussen Award reported a distributable amount of $10K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is The Olga D Rasmussen Award's EIN?
The Olga D Rasmussen Award's EIN (Employer Identification Number) is 16-6332307. IRS Form 990 filing data is available on this page for 2020–2025.
Explore Open Grants
Browse active grant opportunities in The Olga D Rasmussen Award's focus areas in our free grants database
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.