The Raquet Family Foundation

Private foundation · Grantmaker Johns Island, SC EIN: 26-3922014

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.

Key facts about The Raquet Family Foundation

In short: The Raquet Family Foundation gave $250K across 5 grants in 2025 (avg $50K), top state Minnesota. Source: 2025 IRS Form 990-PF.

EIN
26-3922014
Latest 990 filing
Form 990-PF, 2025
Annual giving (2025)
$250,000
Grants made (2025)
5
Average grant
$50,000
Median grant
$35,000
Total assets
$1,709,671
Primary geography
Minnesota (48% of itemized 2025 grant dollars)

Data from IRS Form 990-PF, 2025; updated September 2026.

Financial Overview

From 2025 IRS Form 990-PF · View filing

Total Assets

$1.7M

-12.0% YoY

Annual Giving

$250K

+150.0% YoY

Grant Count

5

+66.7% YoY

Avg Grant Size

$50K

+50.0% YoY

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.

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.

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

6states

Share of 2025 grant dollars across all 5 itemized grants.

Cities

WellesleyClevelandArlingtonFeanklinRocky RiverNokesvilleSt. PaulWashington

Giving Over Time

Total grant dollars and number of grants per year

$0$100K$200K$300K2 grants2019 4 grants2020 1 grant2021 3 grants2022 2 grants2023 3 grants2024 5 grants2025

From 2019 to 2025, annual grant giving ranged from $35K (2021) to $250K (2025). In 2025 it made 5 grants totaling $250K.

Grant Insights

How this funder distributes its grants

Top Recipients

Top 5 recipients in 2025

Luther Seminary: $120KLuther Seminary$120KTachnoserve Inc: $55KTachnoserve Inc$55KWellesley College: $35KWellesley College$35KForca Foundation: $25KForca Foundation$25KClevelend Lutheran High School Association: $15KClevelend Lutheran High SchoolAssociation$15K

The largest 2025 recipient was Luther Seminary ($120K). Together the top 5 received $250K.

Grant Size Distribution

14 grants across all recorded years

10<$50K1$50–100K3$100–250K$250–500K$500K–1M$1–5M$5M+

The most common grant size was under $50K: 10 grants of 14 (71%).

Giving History

Grant recipients and amounts by year

RecipientPurposeAmount
Luther Seminary St. Paul, MNTo Assist with Providing Educational Experience for Students.$120,000
Tachnoserve Inc Arlington, VAEndowment Fund$55,000
Wellesley College Wellesley, MASocial Justice Internships$35,000
Forca Foundation Feanklin, NCEndowment Fund$25,000
Clevelend Lutheran High School Association Rocky River, OHTo assist with providing secondary educational experience for students.$15,000

Financial History

Multi-year comparison from IRS filings

Revenue
Expenses
Qualifying Distributions
Net Investment Income
$0$100K$200K$300K$400K2019 2020 2021 2022 2023 2024 2025
Metric202520242023
Total Assets$1,709,671$1,943,535$2,013,480
Revenue$78,281$88,575$-43,124
Expenses$312,145$158,520$183,221
Qualifying Distributions$254,284$103,800$138,765
Net Investment Income$25,606$38,039$47,346
Distributable Amount$182,434$169,218$144,538

Data update history

When this profile's IRS filing data changed on Grantable

  1. Updated Form 990-PF for fiscal year 2024 (received by the IRS April 25, 2025)
  2. Updated Form 990-PF for fiscal year 2025 (received by the IRS May 13, 2026)
  3. Added Form 990-PF for fiscal year 2019 (received by the IRS May 4, 2020)
  4. Updated Form 990-PF for fiscal year 2020 (received by the IRS May 10, 2021)
  5. Updated Form 990-PF for fiscal year 2021 (received by the IRS May 12, 2022)
  6. Updated Form 990-PF for fiscal year 2022 (received by the IRS May 11, 2023)
  7. Updated Form 990-PF for fiscal year 2023 (received by the IRS May 9, 2024)

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. 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.

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