The Raether Family Charitable Trust
The Raether Family Charitable Trust is a private foundation based in West Palm Beach, Florida. Established in 1985 and granted tax-exempt status in June 1987, the trust operates as a non-operating foundation with a focus on philanthropic giving across multiple sectors.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$38.5M
-11.6% YoY
Annual Giving
$7.3M
+12.9% YoY
Grant Count
62
+1.6% YoY
Avg Grant Size
$117K
+11.1% YoY
Under IRS private-foundation payout rules, The Raether Family Charitable Trust reported a distributable amount of $2.5M for 2024 — the minimum it must pay out in qualifying distributions.
Mission & Focus Areas
The foundation does not maintain a publicly disclosed mission statement. However, its grantmaking priorities include:
- Education (primary focus)
- Healthcare
- Human Services
- Youth Development (including Boys & Girls Clubs)
- Philanthropy, Voluntarism & Grantmaking
Grantmaking
The foundation made 69 grants in 2024, totaling approximately $7.3 million. Notable recent grants include:
Grant Range
$100 to $4,600,000
Average Grant
amounts vary significantly due to occasional major gifts
How to Apply
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Geographic Focus
Where this funder awards grants
The foundation has a national reach across 23 U.S. states, with primary concentration in:
- New York
- Florida
- Connecticut
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
As of Fiscal Year Ending November 2024:
- Total Assets: $38,457,258
- Total Giving: $7,256,142
- Total Revenues: $4,194,832
- Total Expenses: $9,246,822
- Investment Income and Dividends: $294,026
Historical Giving: The foundation has awarded 192 grants totaling approximately $17.97 million across its history.
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $38,457,258 | $43,509,248 | $50,330,091 |
| Revenue | $4,194,832 | $2,832,737 | $6,295,518 |
| Expenses | $9,246,822 | $9,653,580 | $7,823,437 |
| Qualifying Distributions | $7,556,640 | $6,814,273 | $5,397,954 |
| Net Investment Income | $2,165,896 | $1,993,740 | $6,258,734 |
| Distributable Amount | $2,531,811 | $2,610,414 | $2,917,389 |
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
250 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Trustees of Trinity College ($3,469,696), The Amos Tuck School ($2,605,113), Hospital for Special Surgery ($333,333).
| Recipient | Purpose | Amount |
|---|---|---|
| TRUSTEES OF TRINITY COLLEGE HARTFORD, CT | GENERAL PURPOSE | $3,469,696 |
| THE AMOS TUCK SCHOOL HANOVER, NH | GENERAL PURPOSE | $2,605,113 |
| HOSPITAL FOR SPECIAL SURGERY NEW YORK, NY | GENERAL PURPOSE | $333,333 |
| US SKI & SNOWBOARD FOUNDATION PARK CITY, UT | GENERAL PURPOSE | $167,500 |
| MEMPHIS BROOKS MUSEUM OF ART MEMPHIS, TN | GENERAL PURPOSE | $150,000 |
| UNITED STATES SQUASH RACQUETS ASSOCATION PENNSYLVANIA, PA | GENERAL PURPOSE | $50,000 |
| METROSQUASH CHICAGO, IL | GENERAL PURPOSE | $50,000 |
| GREENWICH ACADEMY GREENWICH, CT | GENERAL PURPOSE | $43,500 |
| THE EVERGLADES FOUNDATION PALMETTO BAY, FL | GENERAL PURPOSE | $30,000 |
| WENDY NOVAK DIABETES INSTITUTE HOLLYWOOD, FL | GENERAL PURPOSE | $25,000 |
Leadership & Key People
Leadership team and compensation from IRS filings
Trustees:
- Mr. Paul E. Raether
- Ms. Wendy S. Raether
Paul E. Raether is the founder of the trust and a former partner at KKR, having joined the firm in 1980.
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| PAUL E RAETHER | TRUSTEE | — | — |
| WENDY S RAETHER | TRUSTEE | — | — |
| ELISSA RAETHER KOVAS | TRUSTEE | — | — |
| ALEXA RAETHER MADDOCK | TRUSTEE | 0.1 | $10,000 |
| CARA RAETHER CAREY | TRUSTEE | 0.1 | $10,000 |
Contact Information
Address: 505 S Flagler Drive, Suite 900 West Palm Beach, FL 33401
The foundation does not maintain a public website or publicly available phone number and email contact information.
Frequently Asked Questions
What does The Raether Family Charitable Trust fund?
The foundation does not maintain a publicly disclosed mission statement. However, its grantmaking priorities include: • **Education** (primary focus) • **Healthcare** • **Human Services** • **Youth Development** (including Boys & Girls Clubs) • **Philanthropy, Voluntarism & Grantmaking**
How do I apply for a grant from The Raether Family Charitable Trust?
**Grant Characteristics:** • Grant range: $100 to $4,600,000 • Median grant size: $5,000 • Average grant amounts vary significantly due to occasional major gifts **Recent Activity:** The foundation made 69 grants in 2024, totaling approximately $7.3 million. Notable recent grants include: • Trinity College: $3,469,696 (2024) • Memphis Brooks Museum of Art: $150,000 (2024) • Metrosquash NFP: $50,000 (2024) **Application Process:** The foundation operates exclusively through preselected organizat…
Where does The Raether Family Charitable Trust make grants?
The foundation has a national reach across 23 U.S. states, with primary concentration in: • New York • Florida • Connecticut
What size grants does The Raether Family Charitable Trust award?
In 2024, The Raether Family Charitable Trust awarded 62 grants totaling $7.3M — an average of about $117K per grant, based on its IRS Form 990 filings.
How much is The Raether Family Charitable Trust required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, The Raether Family Charitable Trust reported a distributable amount of $2.5M on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is The Raether Family Charitable Trust's EIN?
The Raether Family Charitable Trust's EIN (Employer Identification Number) is 13-6855420. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in The Raether Family Charitable Trust's focus areas in our free grants database
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Data last updated June 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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