The Raquet Family Foundation

WILLIAMSBURG, VA EIN: 26-3922014

The Raquet Family Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in WILLIAMSBURG, VA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $1.9M in total assets. In 2024, it awarded 3 grants totaling $100K. Net investment income was $38K.

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$1.9M

-3.5% YoY

Annual Giving

$100K

-25.9% YoY

Grant Count

+50.0% YoY

Avg Grant Size

$33K

-50.6% YoY

Under IRS private-foundation payout rules, The Raquet Family Foundation reported a distributable amount of $169K for 2024 — the minimum it must pay out in qualifying distributions.

About The Raquet Family Foundation

Based on IRS filings

Focus Areas

Philanthropy, Voluntarism & Grantmaking

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

Ohio $325K (57%)

Massachusetts $170K (30%)

Virginia $39K (7%)

North Carolina $30K (5%)

District of Columbia $10K (2%)

States

District of Columbia Massachusetts North Carolina Ohio Virginia

Cities

ArlingtonClevelandFeanklinNokesvilleRocky RiverWashingtonWellesley

Financial History

Multi-year comparison from IRS filings

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2024	2023	2022
Total Assets	$1,943,535	$2,013,480	$2,239,825
Revenue	$88,575	$-43,124	$98,703
Expenses	$158,520	$183,221	$191,002
Qualifying Distributions	$103,800	$138,765	$141,920
Net Investment Income	$38,039	$47,346	$57,681
Distributable Amount	$169,218	$144,538	$147,931

Giving Over Time

Total grant dollars and number of grants per year

Grant Insights

How this funder distributes its grants

Top Recipients

Top 3 recipients in 2024

Grant Size Distribution

13 grants across all recorded years

Giving History

Grant recipients and amounts by year

Among its reported 2024 grants, the largest include Tachnoserve Inc ($35,000), Wellesley College ($35,000), Forca Foundation ($30,000).

Recipient	Purpose	Amount
FORCA FOUNDATION FEANKLIN, NC	ENDOWMENT FUND	$30,000
TACHNOSERVE INC ARLINGTON, VA	ENDOWMENT FUND	$35,000
WELLESLEY COLLEGE WELLESLEY, MA	SOCIAL JUSTICE INTERNSHIPS	$35,000

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

From 2024 IRS filing

From 2024 filing

Name	Title	Hours	Compensation
BONNIE E RAQUET	PRESIDENT/DIRECTOR	—	—
PETER A RAQUET	TREASURER/DIRECTOR	—	—
REBECCA C MORRISON	SECRETARY/DIRECTOR	—	—
DONALD G MORRISON JR	DIRECTOR	—	—

Subject Areas

Focus areas based on grantmaking activity

Philanthropy, Voluntarism & Grantmaking

Frequently Asked Questions

What is The Raquet Family Foundation?

The Raquet Family Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in WILLIAMSBURG, VA. It holds $1.9M in total assets as of 2024.

How large is The Raquet Family Foundation?

As of 2024, The Raquet Family Foundation holds $1.9M in total assets with $89K in annual revenue. It awarded 3 grants totaling $100K in 2024.

Where does The Raquet Family Foundation operate?

The Raquet Family Foundation has awarded grants in District of Columbia, Massachusetts, North Carolina, Ohio, Virginia.

What size grants does The Raquet Family Foundation award?

In 2024, The Raquet Family Foundation awarded 3 grants totaling $100K — an average of about $33K per grant, based on its IRS Form 990 filings.

How much is The Raquet Family Foundation required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2024, The Raquet Family Foundation reported a distributable amount of $169K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.