The Rhines Foundation
The Rhines Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in DALLAS, TX. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $36.1M in total assets. In 2024, it awarded 9 grants totaling $1.9M. Net investment income was $4.2M.
Key facts about The Rhines Foundation
- EIN
- 93-1331653
- Latest 990 filing
- Form 990-PF, 2024
- Annual giving (2024)
- $1,915,587
- Grants made (2024)
- 9
- Average grant
- $212,843
- Median grant
- $20,000
- Total assets
- $36,076,999
- Primary geography
- Florida (74% of itemized 2024 grant dollars)
Data from IRS Form 990-PF, 2024; updated April 2026.
Who The Rhines Foundation funds
By grant dollars, the top recipient states for The Rhines Foundation's 9 itemized 2024 grants were Florida (74%) and Texas (22%). The most frequent recipient cities were Dallas, TX (4 grants). None of its 9 grants with a stated purpose were described as general or operating support.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$36.1M
+8.7% YoY
Annual Giving
$1.9M
+7.0% YoY
Grant Count
9
-18.2% YoY
Avg Grant Size
$213K
+30.7% YoY
Under IRS private-foundation payout rules, The Rhines Foundation reported a distributable amount of $2.1M for 2024 — the minimum it must pay out in qualifying distributions.
About The Rhines Foundation
Based on IRS filings
The Rhines Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in DALLAS, TX. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $36.1M in total assets. In 2024, it awarded 9 grants totaling $1.9M. Net investment income was $4.2M.
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 | $36,076,999 | $33,181,772 | $29,693,120 |
| Revenue | $5,959,811 | $6,299,927 | $15,970,087 |
| Expenses | $2,212,636 | $2,327,435 | $1,672,424 |
| Qualifying Distributions | $1,919,308 | $1,793,836 | $1,383,949 |
| Net Investment Income | $4,241,763 | $5,059,879 | $12,322,216 |
| Distributable Amount | $2,147,911 | $1,919,935 | $1,790,817 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 9 recipients in 2024
Grant Size Distribution
44 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest recipients include University of Florida Foundation ($1,420,000), Southern Methodist University ($300,000), Scottish Rite Hospital ($104,400).
| Recipient | Purpose | Amount |
|---|---|---|
| UNIVERSITY OF FLORIDA FOUNDATION GAINSVILLE, FL | SUPPORT COURSE DEVELOPMENT AND ENDOWED PROFESSORSHIP | $1,420,000 |
| SOUTHERN METHODIST UNIVERSITY DALLAS, TX | PHD FELLOWSHIP ENDOWMENT | $300,000 |
| SCOTTISH RITE HOSPITAL DALLAS, TX | SUPPORT HOSPITAL PROGRAMS FOR CHILDREN AND ENDOWED FELLOWSHIP PROGRAM | $104,400 |
| STANFORD UNIVERSITY STANFORD, CA | SUPPORT HOOVER INSTITUTION AND SCIENCE AND ENGINEERING FUND | $50,000 |
| INSTITUTE FOR JUSTICE ARLINGTON, VA | SUPPORT JUDICIAL RESPONSIBILITY | $20,000 |
| DALLAS SUMMER MUSICALS DALLAS, TX | SUPPORT DALLAS SUMMER MUSICALS | $10,187 |
| CATO INSTITUTE WASHINGTON, DC | SUPPORT OF EDUCATIONAL ORGANIZATION | $5,000 |
| RETINA FOUNDATION OF THE SOUTHWEST DALLAS, TX | MEDICAL RESEARCH | $5,000 |
| TAU BETA PI KNOXVILLE, TN | IMPROVE ENGINEERING EDUCATION | $1,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| WALDEN C RHINES | SETTLOR & TRUSTEE | — | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is The Rhines Foundation?
The Rhines Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in DALLAS, TX. It holds $36.1M in total assets as of 2024.
How large is The Rhines Foundation?
As of 2024, The Rhines Foundation holds $36.1M in total assets with $6.0M in annual revenue. It awarded 9 grants totaling $1.9M in 2024.
Where does The Rhines Foundation operate?
The Rhines Foundation has awarded grants in California, District of Columbia, Florida, Louisiana, Oregon, Tennessee, Texas, Virginia.
What size grants does The Rhines Foundation award?
In 2024, The Rhines Foundation awarded 9 grants totaling $1.9M — an average of about $213K per grant, based on its IRS Form 990 filings.
How much is The Rhines Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, The Rhines Foundation reported a distributable amount of $2.1M on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is The Rhines Foundation's EIN?
The Rhines Foundation's EIN (Employer Identification Number) is 93-1331653. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in The Rhines 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.