The Rack Foundation
The Rack Foundation is a private foundation, based in Scottsdale, AZ. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $5K in total assets. In 2024, it awarded 5 grants totaling $145K.
The Rack Foundation at a glance
In short: The Rack Foundation gave $145K across 5 grants in 2024 (avg $29K), mostly in Arizona. Source: 2024 IRS Form 990-PF.
- Annual giving (2024)
- $145,499
- +55.7% vs 2023
- Grants made (2024)
- 5
- Average grant
- $29,100
- Median grant
- $15,000
- Total assets
- $4,933
- +42.9% vs 2023
- Primary geography
- Arizona (100% 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 Rack Foundation funds
How this funder distributes its grants
Top Recipients
Top 5 recipients in 2024
The largest 2024 recipient was The Care Organization ($103K). Together the top 5 received $145K.
Grant Size Distribution
5 grants across all recorded years
The most common grant size was under $50K: 4 grants of 5 (80%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2024 grant dollars across all 5 itemized grants.
States
Cities
How The Rack Foundation gives
- In 2022 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 2022 to 2024, annual grant giving ranged from $30K (2022) to $145K (2024). In 2024 it made 5 grants totaling $145K.
Hatched bars: grants paid as reported on the IRS filing, which lists no individual grants for that year.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| The Care Organization Phoenix, AZ | General Operations | $103,000 |
| Backfit Cares Chandler, AZ | General Operations | $25,000 |
| Arizona Humane Society Phoenix, AZ | General Operations | $15,000 |
| A New Leaf Mesa, AZ | General Operations | $1,499 |
| The Singletons Phoenix, AZ | General Operations | $1,000 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Distributable Amount |
|---|---|---|---|---|---|---|---|
| 2024 | $4,933 | $150,000 | $148,520 | $145,499 | 5 | $290,998 | — |
| 2023 | $3,453 | $100,000 | $97,516 | $93,466 | Total only | $93,466 | — |
| 2022 | $969 | $30,000 | $30,000 | $30,000 | Total only | $30,000 | $48 |
| 2021 | $969 | $1,000 | $31 | — | — | — | $20 |
"Total only": grants paid as reported on the IRS filing, which lists no individual grants for that year.
Leadership & Key People
Officers and directors from IRS filings
The Rack Foundation's only listed officer is Adam J. Rack, Vice President since 2021 (on filings since 2020) (uncompensated).
Officers on the 2024 filing
Adam J. Rack
Vice President
President → Vice President, 2021
On filings since 2020
5 hrs/week
No compensation reported
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.
Frequently asked questions about The Rack Foundation
How much does The Rack Foundation give each year?
The Rack Foundation gave $145K across 5 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it reported $93K in grants paid.
What is The Rack Foundation's typical grant size?
The Rack Foundation's median grant in 2024 was $15,000, and its average grant was $29,100, across 5 grants on its 2024 IRS Form 990-PF.
Where does The Rack Foundation give grants?
The Rack Foundation gives mostly in Arizona: 100% of the grant dollars itemized on its 2024 IRS Form 990-PF went to recipients there. The most frequent recipient cities were Phoenix, AZ (3 grants).
Does The Rack Foundation give general operating support?
Yes: 100% of The Rack Foundation's 2024 grants with a stated purpose (5 of 5) were for general or operating support, per its 2024 IRS Form 990-PF.
Who are The Rack Foundation's largest grantees?
The Rack Foundation's largest 2024 grantees include The Care Organization ($103,000), Backfit Cares ($25,000) and Arizona Humane Society ($15,000), according to its 2024 IRS Form 990-PF. Together they received 98% of its itemized 2024 grant dollars.
How large is The Rack Foundation?
The Rack Foundation reported $5K in total assets on its 2024 IRS Form 990-PF. Its revenue that year was $150K.
What is The Rack Foundation's EIN?
The Rack Foundation's EIN (Employer Identification Number) is 85-3345483. 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
(3)
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2022 (received by the IRS March 13, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS August 5, 2024)
- IRS filings on file for fiscal years 2020–2024
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Browse active grant opportunities in The Rack Foundation's focus areas in our free grants database
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