The Rackspace Foundation
The Rackspace Foundation is a 501(c )(3) nonprofit funded entirely by rackspace employees, dedicated to building stronger communities through education - especially in science, technology, engineering, and math (STEM). The foundation believes every student deserves access to high-quality learning experiences that inspire curiosity and unlock potential. The foundation invests in programs that meet basic needs while also opening doors to mentorship, creativity, and hands-on STEM learning. The foundation takes a community-based, holistic approach to giving. We partner with local organizations to provide donation matching, skills-based volunteerism, and strategic support where it's needed most. By supporting STEM in our communities, we help over 10,000 students discover their passions, build confidence, and believe in what is possible.
The Rackspace Foundation at a glance
In short: The Rackspace Foundation gave $234K across 8 grants in 2024 (avg $29K), mostly in Texas. Source: 2024 IRS Form 990.
- Annual giving (2024)
- $233,500
- -19.2% vs 2023
- Grants made (2024)
- 8
- +0.0% vs 2023
- Average grant
- $29,188
- -19.2% vs 2023
- Median grant
- $25,000
- Total assets
- $509,342
- -22.6% vs 2023
- Primary geography
- Texas (89% of itemized 2024 grant dollars)
- Latest 990 filing
- Form 990, 2024 View filing
Data from IRS Form 990, 2024; updated September 2026.
Who The Rackspace Foundation funds
How this funder distributes its grants
Top Recipients
Top 8 recipients in 2024
The largest 2024 recipient was Ne Educational Foundation ($62K). Together the top 8 received $234K.
Grant Size Distribution
37 grants across all recorded years
The most common grant size was under $50K: 25 grants of 37 (68%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2024 grant dollars across all 8 itemized grants.
States
Cities
How The Rackspace Foundation gives
- Giving fell 52% from 2021 to 2024. Method
From the foundation's IRS Form 990 filings. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2019 to 2024, annual grant giving ranged from $234K (2024) to $517K (2020). In 2024 it made 8 grants totaling $234K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Ne Educational Foundation San Antonio, TX | See Part IV | $61,500 |
| Youth Orchestras of San Antonio San Antonio, TX | See Part IV | $39,250 |
| Gemini Ink San Antonio, TX | See Part IV | $35,000 |
| Girlstart Austin, TX | See Part IV | $25,000 |
| Township of Union Public Schools Union, NJ | See Part IV | $25,000 |
| Communities in Schools of San Antonio San Antonio, TX | See Part IV | $18,750 |
| Assistance League of San Antonio San Antonio, TX | See Part IV | $15,000 |
| Youth Code Jam San Antonio, TX | See Part IV | $14,000 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants |
|---|---|---|---|---|---|
| 2024 | $509,342 | $149,093 | $297,549 | $233,500 | 8 |
| 2023 | $657,798 | $189,004 | $352,838 | $289,000 | 8 |
| 2022 | $821,632 | $235,383 | $494,586 | $462,678 | 7 |
| 2021 | $1,080,835 | $480,124 | $483,229 | $483,215 | 6 |
| 2020 | $1,083,940 | $533,267 | $516,879 | $516,879 | 8 |
| 2019 | $1,067,578 | $582,257 | $486,940 | $436,127 | 9 |
About The Rackspace Foundation
Based on IRS filings
The Rackspace Foundation is a public charity, based in San Antonio, TX. IRS filing data is available from 2019 through 2024. As of 2024, the organization holds $509K in total assets. In 2024, it awarded 8 grants totaling $234K.
Focus Areas
Leadership & Key People
Officers and directors from IRS filings
The Rackspace Foundation is led by Michelle Peterson, President on every filing since 2023; none of the 8 officers listed in 2024 report compensation.
Officers on the 2024 filing
Michelle Peterson
President
On filings since 2023
10 hrs/week
No compensation reported
Summer Gafford
Board Member & Secretary
Board Member → Board Member & Secretary, 2022
On filings since 2021
1 hr/week
No compensation reported
Aimee Marroquin
Treasurer
On filings since 2022
1 hr/week
No compensation reported
Kristen Shubilla
Board Member
On filings since 2022
1 hr/week
No compensation reported
Jackie Marashi
Board Member
On filings since 2023
1 hr/week
No compensation reported
Jason Wicker
Board Member
On filings since 2023
1 hr/week
No compensation reported
Kellie Teal-Guess
Board Member
On filings since 2023
1 hr/week
No compensation reported
Lindsey Stich
Secretary
On filings since 2023
1 hr/week
No compensation reported
Former officers (10)
- Former: Holly Windham (2020–2023) — Board Member
- Former: Jason Bowling (2020–2023) — President
- Former: Rachel Woodson (2020–2023) — Board Member
- Former: Anna Ziegler (2019–2022) — Board Memer
- Former: Cara Nichols (2019–2022) — Board Member
- Former: Lisa McLin (2020–2022) — President
- Former: Louis Alterman (2020) — Board Member
- Former: Patty Freeman (2020) — Board Member
- Former: Graham Weston (2019) — Chairman
- Former: Karl Pichler (2019) — Board Member
Data from IRS Form 990 filings, 2019–2024. "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 Rackspace Foundation
How much does The Rackspace Foundation give each year?
The Rackspace Foundation gave $234K across 8 grants in 2024, according to its 2024 IRS Form 990. In 2023 it gave $289K across 8 grants.
What is The Rackspace Foundation's typical grant size?
The Rackspace Foundation's median grant in 2024 was $25,000, and its average grant was $29,188, across 8 grants on its 2024 IRS Form 990.
Where does The Rackspace Foundation give grants?
The Rackspace Foundation gives mostly in Texas: 89% of the grant dollars itemized on its 2024 IRS Form 990 went to recipients there. The next largest state was New Jersey (11%). The most frequent recipient cities were San Antonio, TX (6 grants).
Does The Rackspace Foundation give general operating support?
Not in 2024: none of the 8 grants with a stated purpose on The Rackspace Foundation's 2024 IRS Form 990 were described as general or operating support. Recurring purposes include "See Part IV" (8 grants).
Who are The Rackspace Foundation's largest grantees?
The Rackspace Foundation's largest 2024 grantees include Ne Educational Foundation ($61,500), Youth Orchestras of San Antonio ($39,250) and Gemini Ink ($35,000), according to its 2024 IRS Form 990. Together they received 58% of its itemized 2024 grant dollars.
How large is The Rackspace Foundation?
The Rackspace Foundation reported $509K in total assets on its 2024 IRS Form 990. Its revenue that year was $149K.
What is The Rackspace Foundation's EIN?
The Rackspace Foundation's EIN (Employer Identification Number) is 26-3332818. IRS Form 990 filing data is available on this page for 2019–2024.
Data last updated September 2026. Sourced from IRS Form 990 filings.
Data update history
(7)
When this profile's IRS filing data changed on Grantable
- Added Form 990 for fiscal year 2019 (received by the IRS February 12, 2020)
- Updated Form 990 for fiscal year 2020 (received by the IRS September 28, 2022)
- Updated Form 990 for fiscal year 2021 (received by the IRS September 28, 2022)
- Updated Form 990 for fiscal year 2022 (received by the IRS November 11, 2023)
- Updated Form 990 for fiscal year 2023 (received by the IRS November 15, 2024)
- Updated Form 990 for fiscal year 2024 (received by the IRS November 17, 2025)
- IRS filings on file for fiscal years 2020–2024
Explore Open Grants
Browse active grant opportunities in The Rackspace Foundation's focus areas in our free grants database
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The Rackspace Foundation down — hundreds of funders to go?