The Raftelis Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in CORNELIUS, NC. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $191K in total assets. In 2024, it awarded 10 grants totaling $14K. Net investment income was $127K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$191K
+152.7% YoY
Annual Giving
$14K
-69.6% YoY
Grant Count
10
-37.5% YoY
Avg Grant Size
$1K
-51.4% YoY
Under IRS private-foundation payout rules, The Raftelis Foundation reported a distributable amount of $3K for 2024 — the minimum it must pay out in qualifying distributions.
About The Raftelis Foundation
Based on IRS filings
The Raftelis Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in CORNELIUS, NC. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $191K in total assets. In 2024, it awarded 10 grants totaling $14K. Net investment income was $127K.
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 | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $190,846 | $75,523 | $116,246 |
| Revenue | $128,302 | $-3,398 | $9,736 |
| Expenses | $15,620 | $48,925 | $53,453 |
| Qualifying Distributions | $14,400 | $47,582 | $51,875 |
| Net Investment Income | $127,082 | $1,316 | $8,158 |
| Distributable Amount | $2,633 | $4,634 | $7,538 |
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
70 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Brookgreen Gardens ($5,000), Eckerd College ($3,000), Davidson College Presby Church ($2,750).
| Recipient | Purpose | Amount |
|---|---|---|
| WATAUGA RESCUE SQUAD BOONE, NC | SEARCH & RESCUE | $100 |
| E2D DAVIDSON, NC | EDUCATION | $1,000 |
| CDM FOUNDATION SOUTH BEND, IN | CHURCH SEMINARY | $250 |
| DAVIDSON COLLEGE PRESBY CHURCH DAVIDSON, NC | CHURCH | $2,750 |
| BETHLEHEM UNIVERSITY FOUNDATION BELTVILLE, MD | CHURCH | $1,000 |
| BROOKGREEN GARDENS MURRELLS INLET, SC | COMMUNITY GARDEN | $5,000 |
| KIWANIS INDIANAPOLIS, IN | CHILDREN'S SUPPORT SERVICES | $1,000 |
| PENINSULA COMMUNITY FUND CORNELIUS, NC | ANIMAL ADOPTION AGENCY | $250 |
| ECKERD COLLEGE ST PETERSBURG, FL | PERFORMING ARTS | $3,000 |
| CORNELIUS LEMLEY FIRE RESCUE CORNELIUS, NC | GENERAL SUPPORT | $50 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| GEORGE RAFTELIS | President | 5 | — |
| EVA RAFTELIS | Director | 2 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is The Raftelis Foundation?
The Raftelis Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in CORNELIUS, NC. It holds $191K in total assets as of 2024.
How large is The Raftelis Foundation?
As of 2024, The Raftelis Foundation holds $191K in total assets with $128K in annual revenue. It awarded 10 grants totaling $14K in 2024.
Where does The Raftelis Foundation operate?
The Raftelis Foundation has awarded grants in California, Florida, Indiana, Maryland, North Carolina, South Carolina, Texas.
What size grants does The Raftelis Foundation award?
In 2024, The Raftelis Foundation awarded 10 grants totaling $14K — an average of about $1K per grant, based on its IRS Form 990 filings.
How much is The Raftelis Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, The Raftelis Foundation reported a distributable amount of $3K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is The Raftelis Foundation's EIN?
The Raftelis Foundation's EIN (Employer Identification Number) is 56-2105040. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in The Raftelis 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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