The Raquet Family Foundation
The Raquet Family Foundation is a private foundation, based in Johns Island, SC. IRS filing data is available from 2019 through 2025. As of 2025, the organization holds $1.7M in total assets. In 2025, it awarded 5 grants totaling $250K. Net investment income was $26K.
The Raquet Family Foundation at a glance
In short: The Raquet Family Foundation gave $250K across 5 grants in 2025 (avg $50K), top state Minnesota. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $250,000
- +150.0% vs 2024
- Grants made (2025)
- 5
- +66.7% vs 2024
- Average grant
- $50,000
- +50.0% vs 2024
- Median grant
- $35,000
- Total assets
- $1,709,671
- -12.0% vs 2024
- Primary geography
- Minnesota (48% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990-PF, 2025 View filing
Data from IRS Form 990-PF, 2025; updated September 2026.
Who The Raquet Family Foundation funds
How this funder distributes its grants
Top Recipients
Top 4 recipients in 2025
The largest 2025 recipient was Luther Seminary ($120K). Together the top 4 received $235K.
Organizations only. It also paid 1 grant to individuals ($15,000), which are not listed by name.
Grant Size Distribution
14 grants across all recorded years
The most common grant size was under $50K: 10 grants of 14 (71%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2025 grant dollars across all 5 itemized grants.
Cities
How The Raquet Family Foundation gives
- Giving grew 81% from 2022 to 2025. Method
- In 2025 it paid out 139% of its IRS minimum distribution (the 5% rule). Method
From the foundation's IRS Form 990-PF filings. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2019 to 2025, annual grant giving ranged from $35K (2021) to $250K (2025). In 2025 it made 5 grants totaling $250K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Luther Seminary St. Paul, MN | To Assist with Providing Educational Experience for Students. | $120,000 |
| Tachnoserve Inc Arlington, VA | Endowment Fund | $55,000 |
| Wellesley College Wellesley, MA | Social Justice Internships | $35,000 |
| Forca Foundation Feanklin, NC | Endowment Fund | $25,000 |
| 1 grant to individuals Recipients not named | — | $15,000 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Net Investment Income | Distributable Amount |
|---|---|---|---|---|---|---|---|---|
| 2025 | $1,709,671 | $78,281 | $312,145 | $250,000 | 5 | $254,284 | $25,606 | $182,434 |
| 2024 | $1,943,535 | $88,575 | $158,520 | $100,000 | 3 | $103,800 | $38,039 | $169,218 |
| 2023 | $2,013,480 | $-43,124 | $183,221 | $135,000 | 2 | $138,765 | $47,346 | $144,538 |
| 2022 | $2,239,825 | $98,703 | $191,002 | $138,500 | 3 | $141,920 | $57,681 | $147,931 |
| 2021 | $2,332,124 | $52,815 | $89,853 | $35,000 | 1 | $38,570 | $57,856 | $155,193 |
| 2020 | $2,369,162 | $119,907 | $201,713 | $165,000 | 4 | — | $77,218 | $128,248 |
| 2019 | $2,450,968 | $30,575 | $171,733 | $130,000 | 2 | — | $87,838 | $130,979 |
Under IRS private-foundation payout rules, The Raquet Family Foundation reported a distributable amount of $182K for 2025 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
The Raquet Family Foundation is led by Bonnie E. Raquet, President & Director on every filing since 2019; none of the 4 officers listed in 2025 report compensation.
Officers on the 2025 filing
Bonnie E. Raquet
President & Director
On filings since 2019
No compensation reported
Donald G. Morrison Jr.
Director
On filings since 2019
No compensation reported
Peter A. Raquet
Treasurer & Director
On filings since 2019
No compensation reported
Rebecca C. Morrison
Secretary & Director
On filings since 2019
No compensation reported
Data from IRS Form 990 filings, 2019–2025. "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 Raquet Family Foundation
How much does The Raquet Family Foundation give each year?
The Raquet Family Foundation gave $250K across 5 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $100K across 3 grants.
What is The Raquet Family Foundation's typical grant size?
The Raquet Family Foundation's median grant in 2025 was $35,000, and its average grant was $50,000, across 5 grants on its 2025 IRS Form 990-PF.
Where does The Raquet Family Foundation give grants?
The Raquet Family Foundation's top state is Minnesota, with 48% of the grant dollars itemized on its 2025 IRS Form 990-PF. The next largest states were Virginia (22%) and Massachusetts (14%).
Does The Raquet Family Foundation give general operating support?
Not in 2025: none of the 5 grants with a stated purpose on The Raquet Family Foundation's 2025 IRS Form 990-PF were described as general or operating support.
Who are The Raquet Family Foundation's largest grantees?
The Raquet Family Foundation's largest 2025 grantees include Luther Seminary ($120,000), Tachnoserve Inc ($55,000) and Wellesley College ($35,000), according to its 2025 IRS Form 990-PF. It also paid 1 grant to individuals ($15,000), which are not listed by name. Together they received 84% of its itemized 2025 grant dollars.
How large is The Raquet Family Foundation?
The Raquet Family Foundation reported $1.7M in total assets on its 2025 IRS Form 990-PF. It paid out $254K in qualifying distributions that year, against a required minimum of $182K (roughly 5% of its investment assets).
What is The Raquet Family Foundation's EIN?
The Raquet Family Foundation's EIN (Employer Identification Number) is 26-3922014. IRS Form 990 filing data is available on this page for 2019–2025.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(7)
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2024 (received by the IRS April 25, 2025)
- Updated Form 990-PF for fiscal year 2025 (received by the IRS May 13, 2026)
- Added Form 990-PF for fiscal year 2019 (received by the IRS May 4, 2020)
- Updated Form 990-PF for fiscal year 2020 (received by the IRS May 10, 2021)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS May 12, 2022)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS May 11, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS May 9, 2024)
Live grants for the work The Raquet Family Foundation funds
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