The Ray Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in BIRMINGHAM, AL. IRS filing data is available from 2021 through 2025. As of 2025, the organization holds $908K in total assets. In 2025, it awarded 8 grants totaling $30K. Net investment income was $31K.
Financial Overview
From 2025 IRS Form 990-PF · View filing
Total Assets
$908K
+60.6% YoY
Annual Giving
$30K
+19.6% YoY
Grant Count
8
+166.7% YoY
Avg Grant Size
$4K
-55.1% YoY
Under IRS private-foundation payout rules, The Ray Foundation reported a distributable amount of $40K for 2025 — the minimum it must pay out in qualifying distributions.
About The Ray Foundation
Based on IRS filings
The Ray Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in BIRMINGHAM, AL. IRS filing data is available from 2021 through 2025. As of 2025, the organization holds $908K in total assets. In 2025, it awarded 8 grants totaling $30K. Net investment income was $31K.
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 | 2025 | 2024 | 2023 |
|---|---|---|---|
| Total Assets | $908,299 | $565,740 | $491,613 |
| Revenue | $39,398 | $27,951 | $6,072 |
| Expenses | $40,190 | $30,226 | $34,649 |
| Qualifying Distributions | $29,900 | $25,000 | $25,500 |
| Net Investment Income | $31,218 | $10,215 | $3,664 |
| Distributable Amount | $39,996 | $26,300 | $23,858 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 8 recipients in 2025
Grant Size Distribution
20 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2025 grants, the largest include United Way of Central Alabama ($10,000), Parkinson Assn of Alabama ($7,000), Children's Harbor ($5,000).
| Recipient | Purpose | Amount |
|---|---|---|
| UNITED WAY OF CENTRAL ALABAMA BIRMINGHAM, AL | GENERAL DONATION | $10,000 |
| CHILDREN'S HARBOR BIRMINGHAM, AL | GENERAL DONATION | $5,000 |
| CHILDREN'S HOSPITAL BIRMINGHAM, AL | GENERAL DONATION | $5,000 |
| PARKINSON ASSN OF ALABAMA BIRMINGHAM, AL | GENERAL DONATION | $7,000 |
| TWO RIVERS ART COUNCIL LEWISTON, IL | GENERAL DONATION | $400 |
| YMCA - MOUNTAIN BROOK MOUNTAIN BROOK, AL | GENERAL DONATION | $1,000 |
| ST JUDE'S CHILDREN'S HOSPITAL MEMPHIS, TN | GENERAL DONATION | $1,000 |
| TUNNEL TO TOWERS FOUNDATION STATEN ISLAND, NY | GENERAL DONATION | $500 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2025 IRS filing
From 2025 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| HENRY B RAY JR | PRESIDENT | — | — |
| CAROLYN M RAY | TREASURER | — | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is The Ray Foundation?
The Ray Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in BIRMINGHAM, AL. It holds $908K in total assets as of 2025.
How large is The Ray Foundation?
As of 2025, The Ray Foundation holds $908K in total assets with $39K in annual revenue. It awarded 8 grants totaling $30K in 2025.
Where does The Ray Foundation operate?
The Ray Foundation has awarded grants in Alabama, Illinois, New York, Tennessee.
What size grants does The Ray Foundation award?
In 2025, The Ray Foundation awarded 8 grants totaling $30K — an average of about $4K per grant, based on its IRS Form 990 filings.
How much is The Ray Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2025, The Ray Foundation reported a distributable amount of $40K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is The Ray Foundation's EIN?
The Ray Foundation's EIN (Employer Identification Number) is 63-1159873. IRS Form 990 filing data is available on this page for 2021–2025.
Explore Open Grants
Browse active grant opportunities in The Ray Foundation's focus areas in our free grants database
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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