The Ray Trust Foundation
The Ray Trust Foundation is a private foundation, based in Los Angeles, CA. IRS filing data is available from 2019 through 2024. As of 2024, the organization holds $699K in total assets. In 2024, it awarded 3 grants totaling $80K. Net investment income was $47K.
The Ray Trust Foundation at a glance
In short: The Ray Trust Foundation gave $80K across 3 grants in 2024 (avg $27K), mostly in California. Source: 2024 IRS Form 990-PF.
- Annual giving (2024)
- $80,000
- +100.0% vs 2023
- Grants made (2024)
- 3
- +0.0% vs 2023
- Average grant
- $26,667
- +100.0% vs 2023
- Median grant
- $20,000
- Total assets
- $698,855
- -4.5% vs 2023
- Primary geography
- California (63% of itemized 2024 grant dollars)
- Latest 990 filing
- Form 990-PF, 2024 View filing
Data from IRS Form 990-PF, 2024; updated October 2026.
Who The Ray Trust Foundation funds
How this funder distributes its grants
Top Recipients
Top 3 recipients in 2024
The largest 2024 recipient was Children's Hospital Los Angeles ($50K). Together the top 3 received $80K.
Grant Size Distribution
14 grants across all recorded years
The most common grant size was under $50K: 9 grants of 14 (64%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2024 grant dollars across all 3 itemized grants.
Cities
How The Ray Trust Foundation gives
- Giving fell 20% from 2021 to 2024. Method
- In 2024 it paid out 181% 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 2019 to 2024, annual grant giving ranged from $40K (2023) to $111K (2019). In 2024 it made 3 grants totaling $80K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Children's Hospital Los Angeles Los Angeles, CA | Charitable Purposes | $50,000 |
| Brother Wolf Animal Rescue Asheville, NC | Charitable Purposes | $20,000 |
| Babies Need Bottoms Inc Asheville, NC | Charitable Purposes | $10,000 |
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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 |
|---|---|---|---|---|---|---|---|---|
| 2024 | $698,855 | $54,735 | $87,989 | $80,000 | 3 | $80,000 | $46,746 | $44,308 |
| 2023 | $732,109 | $26,754 | $47,034 | $40,000 | 3 | $40,000 | $20,180 | $39,260 |
| 2022 | $752,389 | $13,685 | $64,821 | $60,000 | 3 | $60,075 | $11,902 | $41,553 |
| 2021 | $803,525 | $103,715 | $116,330 | $100,000 | 2 | $100,000 | $87,565 | $43,299 |
| 2020 | $816,086 | $44,706 | $119,206 | $102,000 | 3 | — | $27,720 | $45,691 |
| 2019 | $890,586 | $19,936 | $128,887 | $111,000 | 4 | — | $6,387 | $48,024 |
Under IRS private-foundation payout rules, The Ray Trust Foundation reported a distributable amount of $44K for 2024 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
The Ray Trust Foundation is led by Molly G. Ray, Trustee on every filing since 2021 — the only officer listed, and uncompensated.
Officers on the 2024 filing
Molly G. Ray
Trustee
On filings since 2021
0.3 hrs/week
No compensation reported
Former officers (3)
- Former: Jeffrey Paul Rubell (2019–2020) — Co-Trustee
- Former: Joan Spreckels (2019–2020) — Co-Trustee
- Former: Molly Rubell (2019) — Co-Trustee
Data from IRS Form 990 filings, 2019–2024. "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 Trust Foundation
How much does The Ray Trust Foundation give each year?
The Ray Trust Foundation gave $80K across 3 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $40K across 3 grants.
What is The Ray Trust Foundation's typical grant size?
The Ray Trust Foundation's median grant in 2024 was $20,000, and its average grant was $26,667, across 3 grants on its 2024 IRS Form 990-PF.
Where does The Ray Trust Foundation give grants?
The Ray Trust Foundation gives mostly in California: 63% of the grant dollars itemized on its 2024 IRS Form 990-PF went to recipients there. The next largest state was North Carolina (38%). The most frequent recipient cities were Asheville, NC (2 grants).
How large is The Ray Trust Foundation?
The Ray Trust Foundation reported $699K in total assets on its 2024 IRS Form 990-PF. It paid out $80K in qualifying distributions that year, against a required minimum of $44K (roughly 5% of its investment assets).
What is The Ray Trust Foundation's EIN?
The Ray Trust Foundation's EIN (Employer Identification Number) is 38-7114167. IRS Form 990 filing data is available on this page for 2019–2024.
Data last updated October 2026. Sourced from IRS Form 990-PF filings.
Data update history
(7)
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2019 (received by the IRS June 30, 2020)
- Updated Form 990-PF for fiscal year 2020 (received by the IRS May 13, 2021)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS November 7, 2022)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS November 10, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS November 13, 2024)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS November 6, 2025)
- IRS filings on file for fiscal years 2019–2024
Explore Open Grants
Browse active grant opportunities in The Ray Trust Foundation's focus areas in our free grants database
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