The Ray and Karyn Hendrickson Foundation
The Ray and Karyn Hendrickson Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in QUINCY, MA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $16.7M in total assets. In 2024, it awarded 4 grants totaling $2.6M. Net investment income was $2.1M.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$16.7M
+17.9% YoY
Annual Giving
$2.6M
+10.3% YoY
Grant Count
4
-33.3% YoY
Avg Grant Size
$644K
+65.4% YoY
Under IRS private-foundation payout rules, The Ray and Karyn Hendrickson Foundation reported a distributable amount of $991K for 2024 — the minimum it must pay out in qualifying distributions.
About The Ray and Karyn Hendrickson Foundation
Based on IRS filings
The Ray and Karyn Hendrickson Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in QUINCY, MA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $16.7M in total assets. In 2024, it awarded 4 grants totaling $2.6M. Net investment income was $2.1M.
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 | $16,667,916 | $14,143,063 | $16,720,720 |
| Revenue | $2,467,506 | $-254,950 | $-984,094 |
| Expenses | $2,940,873 | $2,511,499 | $1,436,450 |
| Qualifying Distributions | $2,581,950 | $2,341,150 | $1,368,961 |
| Net Investment Income | $2,108,583 | — | $9,112 |
| Distributable Amount | $990,746 | $716,767 | $778,814 |
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
24 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Christianbook International Outreach ($1,375,000), Lynnfield Calvary Christian Church ($1,092,350), Elevate New England ($100,000).
| Recipient | Purpose | Amount |
|---|---|---|
| Lynnfield Calvary Christian Church Lynnfield, MA | General Support | $1,092,350 |
| Christianbook International Outreach Peabody, MA | General Support | $1,375,000 |
| Elevate New England Lowell, MA | General Support | $100,000 |
| New Europe Vision Peabody, MA | General Support | $10,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| Ray E Hendrickson | Trustee | 1 | — |
| Karyn L Hendrickson | Trustee | 1 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is The Ray and Karyn Hendrickson Foundation?
The Ray and Karyn Hendrickson Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in QUINCY, MA. It holds $16.7M in total assets as of 2024.
How large is The Ray and Karyn Hendrickson Foundation?
As of 2024, The Ray and Karyn Hendrickson Foundation holds $16.7M in total assets with $2.5M in annual revenue. It awarded 4 grants totaling $2.6M in 2024.
Where does The Ray and Karyn Hendrickson Foundation operate?
The Ray and Karyn Hendrickson Foundation has awarded grants in Connecticut, Massachusetts, Missouri, Pennsylvania.
What size grants does The Ray and Karyn Hendrickson Foundation award?
In 2024, The Ray and Karyn Hendrickson Foundation awarded 4 grants totaling $2.6M — an average of about $644K per grant, based on its IRS Form 990 filings.
How much is The Ray and Karyn Hendrickson Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, The Ray and Karyn Hendrickson Foundation reported a distributable amount of $991K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is The Ray and Karyn Hendrickson Foundation's EIN?
The Ray and Karyn Hendrickson Foundation's EIN (Employer Identification Number) is 04-3396710. IRS Form 990 filing data is available on this page for 2020–2024.
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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