The Rachel Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in BROOKLYN, NY. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $10.8M in total assets. In 2024, it awarded 18 grants totaling $848K. Net investment income was $74K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$10.8M
+2.7% YoY
Annual Giving
$848K
+86.8% YoY
Grant Count
18
-5.3% YoY
Avg Grant Size
$47K
+97.2% YoY
Under IRS private-foundation payout rules, The Rachel Foundation reported a distributable amount of $491K for 2024 — the minimum it must pay out in qualifying distributions.
About The Rachel Foundation
Based on IRS filings
The Rachel Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in BROOKLYN, NY. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $10.8M in total assets. In 2024, it awarded 18 grants totaling $848K. Net investment income was $74K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $10,800,358 | $10,518,121 | $9,921,736 |
| Revenue | $1,052,350 | $1,053,177 | $1,029,891 |
| Expenses | $856,344 | $456,792 | $318,934 |
| Qualifying Distributions | $848,000 | $454,000 | $317,700 |
| Net Investment Income | $74,185 | $145,681 | $129,891 |
| Distributable Amount | $491,469 | $535,646 | $448,833 |
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
80 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Amidei Tzion of Bobov ($350,000), Bobover Yeshiva Bnei Zion ($300,000), Cong Keren Chassanim Dbobov ($100,000).
| Recipient | Purpose | Amount |
|---|---|---|
| BAIS ESTHER SCHOOL BROOKLYN, NY | RELIGIOUS EDUCATION | $10,900 |
| BAIS ROCHEL BROOKLYN, NY | RELIGIOUS EDUCATION | $6,600 |
| BOBOVER YESHIVA BNEI ZION BROOKLYN, NY | RELIGIOUS EDUCATION | $300,000 |
| CONG PRI AHARON LAKEWOOD, NJ | RELIGIOUS EDUCATION | $10,000 |
| CONG YETEV LEV BROOKLYN, NY | RELIGIOUS ACTIVITIES | $5,000 |
| CONGREGATION BETHEL MONSEY, NY | CONGREGATION | $900 |
| CONGREGATION PANIM MEIROTH BROOKLYN, NY | CONGREGATION | $1,000 |
| CONGREGATION PNEI MIVEN BROOKLYN, NY | CONGREGATION | $1,000 |
| KHAL ADAS YERAIM BROOKLYN, NY | RELIGIOUS EDUCATION | $2,500 |
| KOLLEL MEDRASH SHMUEL BROOKLYN, NY | RELIGIOUS EDUCATION | $15,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| ABRAHAM RIEGER | DIRECTOR | 1 | — |
| RACHEL RIEGER | DIRECTOR | 1 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is The Rachel Foundation?
The Rachel Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in BROOKLYN, NY. It holds $10.8M in total assets as of 2024.
How large is The Rachel Foundation?
As of 2024, The Rachel Foundation holds $10.8M in total assets with $1.1M in annual revenue. It awarded 18 grants totaling $848K in 2024.
Where does The Rachel Foundation operate?
The Rachel Foundation has awarded grants in New Jersey, New York.
What size grants does The Rachel Foundation award?
In 2024, The Rachel Foundation awarded 18 grants totaling $848K — an average of about $47K per grant, based on its IRS Form 990 filings.
How much is The Rachel Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, The Rachel Foundation reported a distributable amount of $491K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is The Rachel Foundation's EIN?
The Rachel Foundation's EIN (Employer Identification Number) is 20-4057294. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in The Rachel Foundation's focus areas in our free grants database
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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