The Rainbow Private Foundation Inc
The Rainbow Private Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in WILMINGTON, DE. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $4.8M in total assets. In 2024, it awarded 4 grants totaling $200K. Net investment income was $560K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$4.8M
+7.4% YoY
Annual Giving
$200K
-11.5% YoY
Grant Count
4
-50.0% YoY
Avg Grant Size
$50K
+77.1% YoY
Under IRS private-foundation payout rules, The Rainbow Private Foundation Inc reported a distributable amount of $237K for 2024 — the minimum it must pay out in qualifying distributions.
About The Rainbow Private Foundation Inc
Based on IRS filings
The Rainbow Private Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in WILMINGTON, DE. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $4.8M in total assets. In 2024, it awarded 4 grants totaling $200K. Net investment income was $560K.
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 | $4,817,175 | $4,487,347 | $4,718,586 |
| Revenue | $587,349 | $48,462 | $309 |
| Expenses | $257,521 | $279,701 | $87,944 |
| Qualifying Distributions | $226,716 | $257,082 | $67,472 |
| Net Investment Income | $559,944 | $173,056 | $106,804 |
| Distributable Amount | $236,734 | $240,780 | $243,920 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 4 recipients in 2024
Grant Size Distribution
34 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Project Backboard ($160,000), Sanctuary Farm Phila ($20,100), Active Plus ($10,000).
| Recipient | Purpose | Amount |
|---|---|---|
| ACTIVE PLUS NEW YORK, NY | General & Unrestricted | $10,000 |
| GREENBURGH NATURE CENTER SCARSDALE, NY | General & Unrestricted | $10,000 |
| PROJECT BACKBOARD IRVINE, CA | For the renovation of the basketball courts | $160,000 |
| SANCTUARY FARM PHILA PHILADELPHIA, PA | General & Unrestricted | $20,100 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| Ashley Wu | Dir, Pres, Sec | 1 | — |
| Richard Wu | VP, Dir | 1 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is The Rainbow Private Foundation Inc?
The Rainbow Private Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in WILMINGTON, DE. It holds $4.8M in total assets as of 2024.
How large is The Rainbow Private Foundation Inc?
As of 2024, The Rainbow Private Foundation Inc holds $4.8M in total assets with $587K in annual revenue. It awarded 4 grants totaling $200K in 2024.
Where does The Rainbow Private Foundation Inc operate?
The Rainbow Private Foundation Inc has awarded grants in California, Massachusetts, New York, Pennsylvania.
What size grants does The Rainbow Private Foundation Inc award?
In 2024, The Rainbow Private Foundation Inc awarded 4 grants totaling $200K — an average of about $50K per grant, based on its IRS Form 990 filings.
How much is The Rainbow Private Foundation Inc required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, The Rainbow Private Foundation Inc reported a distributable amount of $237K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is The Rainbow Private Foundation Inc's EIN?
The Rainbow Private Foundation Inc's EIN (Employer Identification Number) is 30-0134969. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in The Rainbow Private Foundation Inc'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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