The Raymond E and Bettye C is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in AMARILLO, TX. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $245K in total assets. In 2024, it awarded 8 grants totaling $14K. Net investment income was $12K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$245K
-5.4% YoY
Annual Giving
$14K
+36.7% YoY
Grant Count
8
+0.0% YoY
Avg Grant Size
$2K
+36.7% YoY
Under IRS private-foundation payout rules, The Raymond E and Bettye C reported a distributable amount of $10K for 2024 — the minimum it must pay out in qualifying distributions.
About The Raymond E and Bettye C
Based on IRS filings
The Raymond E and Bettye C is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in AMARILLO, TX. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $245K in total assets. In 2024, it awarded 8 grants totaling $14K. Net investment income was $12K.
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 | $244,562 | $258,426 | $257,690 |
| Revenue | $10,517 | $17,145 | $4,648 |
| Expenses | $23,375 | $16,557 | $24,318 |
| Qualifying Distributions | $14,259 | $10,431 | $14,072 |
| Net Investment Income | $11,787 | $17,637 | $11,569 |
| Distributable Amount | $10,221 | $12,259 | $12,231 |
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 2024
Grant Size Distribution
45 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Disabled American Veterans ($3,500), Soldiers Angels ($3,300), Ncccf Disaster Relief Fund ($2,000).
| Recipient | Purpose | Amount |
|---|---|---|
| DCH FOUNDATION TUSCALOOSA, AL | GENERAL OPERATIONS | $300 |
| DISABLED AMERICAN VETERANS CINCINNATI, OH | GENERAL OPERATIONS | $3,500 |
| HILLSDALE COLLEGE HILLSDALE, MI | GENERAL OPERATIONS | $1,300 |
| HONOR FLIGHT - AMERICA SUPPORTS YOU - TEXAS AMARILLO, TX | GENERAL OPERATIONS | $1,400 |
| PARALYZED VETERANS OF AMERICA NW WASHINGTON, DC | GENERAL OPERATIONS | $800 |
| SOLDIERS ANGELS PASADENA, CA | GENERAL OPERATIONS | $3,300 |
| ST MATTHEWS EPISCOPAL PAMPA, TX | GENERAL OPERATIONS | $1,659 |
| NCCCF DISASTER RELIEF FUND RALEIGH, NC | GENERAL OPERATIONS | $2,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| RAYMOND E REID II | PRESIDENT & DIRECTOR | 1 | $2,000 |
| DIANE REID | SECRETARY & DIRECTOR | 1 | $2,000 |
| SHELLEY REID | TREASURER & DIRECTOR | 1 | $2,000 |
| LAWRENCE J KLEM | MANAGER | 1 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is The Raymond E and Bettye C?
The Raymond E and Bettye C is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in AMARILLO, TX. It holds $245K in total assets as of 2024.
How large is The Raymond E and Bettye C?
As of 2024, The Raymond E and Bettye C holds $245K in total assets with $11K in annual revenue. It awarded 8 grants totaling $14K in 2024.
Where does The Raymond E and Bettye C operate?
The Raymond E and Bettye C has awarded grants in Alabama, California, District of Columbia, Michigan, North Carolina, Ohio, Texas.
What size grants does The Raymond E and Bettye C award?
In 2024, The Raymond E and Bettye C awarded 8 grants totaling $14K — an average of about $2K per grant, based on its IRS Form 990 filings.
How much is The Raymond E and Bettye C required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, The Raymond E and Bettye C reported a distributable amount of $10K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is The Raymond E and Bettye C's EIN?
The Raymond E and Bettye C's EIN (Employer Identification Number) is 71-0933431. 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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