The Ray Foundation
BIRMINGHAM, AL EIN: 63-1159873
Financial Overview
From 2025 IRS Form 990-PF
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
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Financial History
Multi-year comparison from IRS filings
Revenue
Expenses
Qualifying Distributions
Net Investment Income
| 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
No grants recorded for .
Who else does The Ray Foundation fund?
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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 | — | — |
Geographic Focus
Where this funder has awarded grants
Grant Distribution by State
Alabama $112K (98%)
Tennessee $1K (1%)
New York $500 (0%)
Illinois $400 (0%)
Cities
Alexander CityBirminghamLewistonMemphisMountain BrookStaten Island
Data last updated March 2026. Sourced from IRS Form 990-PF filings.
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