The Raphael Family Foundation
The Raphael Family Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in Miami, FL. IRS filing data is available from 2022 through 2024. As of 2024, the organization holds $25.2M in total assets. In 2024, it awarded 24 grants totaling $854K. Net investment income was $555K.
Key facts about The Raphael Family Foundation
- EIN
- 88-3843563
- Latest 990 filing
- Form 990-PF, 2024
- Annual giving (2024)
- $854,000
- Grants made (2024)
- 24
- Average grant
- $35,583
- Median grant
- $15,000
- Total assets
- $25,179,659
- Primary geography
- Pennsylvania (44% of itemized 2024 grant dollars)
Data from IRS Form 990-PF, 2024; updated September 2026.
Who The Raphael Family Foundation funds
By grant dollars, the top recipient states for The Raphael Family Foundation's 24 itemized 2024 grants were Pennsylvania (44%), California (43%) and Rhode Island (6%). The most frequent recipient cities were Philadelphia, PA (12 grants) and Los Angeles, CA (2 grants). 67% of grants with a stated purpose were for general or operating support.
How The Raphael Family Foundation gives
- In 2024 it paid out 132% of its IRS minimum distribution (the 5% rule). Method
From the foundation's IRS Form 990-PF filings. Methodology.
Next steps with The Raphael Family Foundation
- How to evaluate The Raphael Family Foundation as a funder
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Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$25.2M
+85.7% YoY
Annual Giving
$854K
+180.9% YoY
Grant Count
24
+500.0% YoY
Avg Grant Size
$36K
-53.2% YoY
Under IRS private-foundation payout rules, The Raphael Family Foundation reported a distributable amount of $704K for 2024 — the minimum it must pay out in qualifying distributions.
About The Raphael Family Foundation
Based on IRS filings
The Raphael Family Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in Miami, FL. IRS filing data is available from 2022 through 2024. As of 2024, the organization holds $25.2M in total assets. In 2024, it awarded 24 grants totaling $854K. Net investment income was $555K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of all 24 itemized 2024 grant dollars.
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $25,179,659 | $13,557,148 | $3,001,102 |
| Revenue | $12,616,792 | $10,932,155 | $3,011,102 |
| Expenses | $994,281 | $376,109 | $10,000 |
| Qualifying Distributions | $925,995 | $374,094 | $10,000 |
| Net Investment Income | $555,306 | $234,192 | $1,102 |
| Distributable Amount | $703,685 | $271,395 | $5,492 |
Data update history
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2022–2024
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
28 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest recipients include Creative Visions Foundation ($250,000), The Academy in Manayunk Inc ($250,000), Brown University ($50,000).
| Recipient | Purpose | Amount |
|---|---|---|
| CREATIVE VISIONS FOUNDATION Nipomo, CA | Regenerative Media Lab | $250,000 |
| THE ACADEMY IN MANAYUNK INC Conshohocken, PA | POWER Amphitheater | $250,000 |
| BROWN UNIVERSITY Providence, RI | the School of Engineering/the Futures Fund | $50,000 |
| ITS BIGGER THAN US Los Angeles, CA | General & Unrestricted | $50,000 |
| YOUTH EMPOWERMENT FOR ADVANCEMENT HANGOUT Philadelphia, PA | General & Unrestricted | $45,000 |
| MARYS PLACE BY THE SEA INC Ocean Grove, NJ | General & Unrestricted | $25,000 |
| WE GROW LA Los Angeles, CA | Black Santa initiative in partnership with Baron Davis | $25,000 |
| MUSIC FOR MOVEMENTS INC W Hollywood, CA | General & Unrestricted | $20,000 |
| THE COOPER FOUNDATION INC Camden, NJ | Charitable Event | $20,000 |
| CITYTEAM MINISTRIES San Jose, CA | Hope Cafe for one year | $18,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
No officer or director reported compensation in the available filings.
From 2024 IRS filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| Ross Borneman | Dir | 1 | — |
| Vanessa Braxton-Veloski | Dir | 1 | — |
| Jonathan Diskin | Dir, Treas | 1 | — |
| Kyle Mazade | Dir | 1 | — |
| Cassidy Neal | Dir | 1 | — |
| Asher Raphael | Dir, Pres | 1 | — |
| Ilysa Raphael | Dir, Sec | 1 | — |
| Nancy Rein Raphael | Dir | 1 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is The Raphael Family Foundation?
The Raphael Family Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in Miami, FL. It holds $25.2M in total assets as of 2024.
How large is The Raphael Family Foundation?
As of 2024, The Raphael Family Foundation holds $25.2M in total assets with $12.6M in annual revenue. It awarded 24 grants totaling $854K in 2024.
Where does The Raphael Family Foundation operate?
The Raphael Family Foundation has awarded grants in California, District of Columbia, Florida, New Jersey, New York, Pennsylvania, Rhode Island.
What size grants does The Raphael Family Foundation award?
In 2024, The Raphael Family Foundation awarded 24 grants totaling $854K — an average of about $36K per grant, based on its IRS Form 990 filings.
How much is The Raphael Family Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, The Raphael Family Foundation reported a distributable amount of $704K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is The Raphael Family Foundation's EIN?
The Raphael Family Foundation's EIN (Employer Identification Number) is 88-3843563. IRS Form 990 filing data is available on this page for 2022–2024.
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Data last updated September 2026. Sourced from IRS Form 990-PF filings.