The Ray and Karyn Hendrickson Foundation
The Ray and Karyn Hendrickson Foundation is a private foundation, based in Quincy, MA. IRS filing data is available from 2020 through 2025. As of 2025, the organization holds $13.3M in total assets. In 2025, it awarded 5 grants totaling $6.2M. Net investment income was $4.1M.
The Ray and Karyn Hendrickson Foundation at a glance
In short: The Ray and Karyn Hendrickson Foundation gave $6.2M across 5 grants in 2025 (avg $1.2M), mostly in Massachusetts. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $6,217,000
- +141.2% vs 2024
- Grants made (2025)
- 5
- +25.0% vs 2024
- Average grant
- $1,243,400
- +93.0% vs 2024
- Median grant
- $450,000
- Total assets
- $13,279,367
- -20.3% vs 2024
- Primary geography
- Massachusetts (93% 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 Ray and Karyn Hendrickson Foundation funds
How this funder distributes its grants
Top Recipients
Top 5 recipients in 2025
The largest 2025 recipient was Christianbook International Outreach ($4.6M). Together the top 5 received $6.2M.
Grant Size Distribution
28 grants across all recorded years
The most common grant size was under $50K: 10 grants of 28 (36%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2025 grant dollars across all 5 itemized grants.
Cities
How The Ray and Karyn Hendrickson Foundation gives
- Giving grew 355% from 2022 to 2025. Method
- In 2025 it paid out 608% 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 2020 to 2025, annual grant giving ranged from $110K (2020) to $6.2M (2025). In 2025 it made 5 grants totaling $6.2M.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Christianbook International Outreach Peabody, MA | Missions Faith Promise | $4,600,000 |
| Lynnfield Calvary Christian Church Lynnfield, MA | General Support | $1,002,000 |
| Pastor's Discipleship Network Lancaster, PA | General Support | $450,000 |
| Elevate New England Lowell, MA | General Support | $150,000 |
| Cru (fka Campus Crusade for Christ Inc) Orlando, FL | Tajikistan Special Building Account | $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 | $13,279,367 | $4,512,586 | $6,662,479 | $6,217,000 | 5 | $6,217,350 | $4,132,058 | $1,022,638 |
| 2024 | $16,667,916 | $2,467,506 | $2,940,873 | $2,577,350 | 4 | $2,581,950 | $2,108,583 | $990,746 |
| 2023 | $14,143,063 | $-254,950 | $2,511,499 | $2,337,400 | 6 | $2,341,150 | — | $716,767 |
| 2022 | $16,720,720 | $-984,094 | $1,436,450 | $1,365,270 | 10 | $1,368,961 | $9,112 | $778,814 |
| 2021 | $19,141,264 | $20,274,008 | $1,134,077 | $1,123,800 | 3 | $1,123,895 | — | $110,359 |
| 2020 | $1,333 | $110,403 | $110,400 | $110,400 | 1 | — | $3 | $1,840 |
Under IRS private-foundation payout rules, The Ray and Karyn Hendrickson Foundation reported a distributable amount of $1.0M for 2025 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
The Ray and Karyn Hendrickson Foundation's 2025 filing lists 2 officers; none of the 2 officers listed in 2025 report compensation.
Officers on the 2025 filing
Karyn L Hendrickson
Trustee
On filings since 2020
1 hr/week
No compensation reported
Ray E Hendrickson
Trustee
On filings since 2020
1 hr/week
No compensation reported
Data from IRS Form 990 filings, 2020–2025. "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 Ray and Karyn Hendrickson Foundation
How much does The Ray and Karyn Hendrickson Foundation give each year?
The Ray and Karyn Hendrickson Foundation gave $6.2M across 5 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $2.6M across 4 grants.
What is The Ray and Karyn Hendrickson Foundation's typical grant size?
The Ray and Karyn Hendrickson Foundation's median grant in 2025 was $450,000, and its average grant was $1,243,400, across 5 grants on its 2025 IRS Form 990-PF.
Where does The Ray and Karyn Hendrickson Foundation give grants?
The Ray and Karyn Hendrickson Foundation gives mostly in Massachusetts: 93% of the grant dollars itemized on its 2025 IRS Form 990-PF went to recipients there. The next largest state was Pennsylvania (7%).
Does The Ray and Karyn Hendrickson Foundation give general operating support?
Yes: 60% of The Ray and Karyn Hendrickson Foundation's 2025 grants with a stated purpose (3 of 5) were for general or operating support, per its 2025 IRS Form 990-PF.
Who are The Ray and Karyn Hendrickson Foundation's largest grantees?
The Ray and Karyn Hendrickson Foundation's largest 2025 grantees include Christianbook International Outreach ($4,600,000), Lynnfield Calvary Christian Church ($1,002,000) and Pastor's Discipleship Network ($450,000), according to its 2025 IRS Form 990-PF. Together they received 97% of its itemized 2025 grant dollars.
How large is The Ray and Karyn Hendrickson Foundation?
The Ray and Karyn Hendrickson Foundation reported $13.3M in total assets on its 2025 IRS Form 990-PF. It paid out $6.2M in qualifying distributions that year, against a required minimum of $1.0M (roughly 5% of its investment assets).
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 2020–2025.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(2)
When this profile's IRS filing data changed on Grantable
- Added Form 990-PF for fiscal year 2025 (received by the IRS June 29, 2026)
- IRS filings on file for fiscal years 2020–2024
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