The Rise Foundation Inc
The Rise Foundation Inc is a private foundation, based in Bowling Green, KY. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $141K in total assets. In 2024, it awarded 3 grants totaling $28K. Net investment income was $5K.
The Rise Foundation Inc at a glance
In short: The Rise Foundation Inc gave $28K across 3 grants in 2024 (avg $9K), mostly in Kentucky. Source: 2024 IRS Form 990-PF.
- Annual giving (2024)
- $27,500
- -46.4% vs 2023
- Grants made (2024)
- 3
- -50.0% vs 2023
- Average grant
- $9,167
- +7.2% vs 2023
- Median grant
- $4,000
- Total assets
- $140,833
- -11.0% vs 2023
- Primary geography
- Kentucky (100% of itemized 2024 grant dollars)
- Latest 990 filing
- Form 990-PF, 2024 View filing
Data from IRS Form 990-PF, 2024; updated September 2026.
Who The Rise Foundation Inc funds
How this funder distributes its grants
Top Recipients
Top 3 recipients in 2024
The largest 2024 recipient was Hospice of Southern KY Inc ($21K). Together the top 3 received $28K.
Grant Size Distribution
14 grants across all recorded years
The most common grant size was under $50K: 14 grants of 14 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2024 grant dollars across all 3 itemized grants.
Cities
How The Rise Foundation Inc gives
- Giving held roughly steady from 2021 to 2024 (+10%). Method
- In 2024 it paid out 432% 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 2020 to 2024, annual grant giving ranged from $19K (2022) to $51K (2023). In 2024 it made 3 grants totaling $28K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Hospice of Southern KY Inc Bowling Green, KY | Charity | $21,000 |
| Lexington Challenger Tennis Charity Lexington, KY | Charity | $4,000 |
| Raise a Racquet Foundation Louisville, KY | Charity | $2,500 |
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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 | $140,833 | $12,319 | $29,793 | $27,500 | 3 | $27,500 | $5,156 | $6,371 |
| 2023 | $158,307 | $26,037 | $57,242 | $51,300 | 6 | $51,300 | $20,095 | $8,286 |
| 2022 | $189,512 | $6,448 | $23,270 | $18,500 | 3 | $18,500 | $1,678 | $9,725 |
| 2021 | $206,334 | $26,012 | $29,113 | $25,000 | 1 | $25,000 | $21,899 | $9,934 |
| 2020 | $209,435 | $22,903 | $29,044 | $25,000 | 1 | — | $18,859 | $10,204 |
Under IRS private-foundation payout rules, The Rise Foundation Inc reported a distributable amount of $6K for 2024 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
The Rise Foundation Inc is led by Tom A. Pennington, President & D on every filing since 2020; none of the 3 officers listed in 2024 report compensation.
Officers on the 2024 filing
Tom A. Pennington
President & D
On filings since 2020
No compensation reported
Hannah L. Thomas
Secretary & D
On filings since 2020
No compensation reported
Portia B. Pennington
Vice President & Treasurer
On filings since 2020
No compensation reported
Data from IRS Form 990 filings, 2020–2024. "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 Rise Foundation Inc
How much does The Rise Foundation Inc give each year?
The Rise Foundation Inc gave $28K across 3 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $51K across 6 grants.
What is The Rise Foundation Inc's typical grant size?
The Rise Foundation Inc's median grant in 2024 was $4,000, and its average grant was $9,167, across 3 grants on its 2024 IRS Form 990-PF.
Where does The Rise Foundation Inc give grants?
The Rise Foundation Inc gives mostly in Kentucky: 100% of the grant dollars itemized on its 2024 IRS Form 990-PF went to recipients there.
Does The Rise Foundation Inc give general operating support?
Not in 2024: none of the 3 grants with a stated purpose on The Rise Foundation Inc's 2024 IRS Form 990-PF were described as general or operating support. Recurring purposes include "Charity" (3 grants).
How large is The Rise Foundation Inc?
The Rise Foundation Inc reported $141K in total assets on its 2024 IRS Form 990-PF. It paid out $28K in qualifying distributions that year, against a required minimum of $6K (roughly 5% of its investment assets).
What is The Rise Foundation Inc's EIN?
The Rise Foundation Inc's EIN (Employer Identification Number) is 20-3992108. IRS Form 990 filing data is available on this page for 2020–2024.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(1)
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2024
Explore Open Grants
Browse active grant opportunities in The Rise Foundation Inc's focus areas in our free grants database
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Cite this profile
Grantable. (2026). The Rise Foundation Inc funder profile. GrantGraph. Retrieved October 6, 2026, from https://grantable.co/funders/the-rise-foundation-inc-morg_99e9e81296f344ccbebbf9a13a4469df
BibTeX
@misc{grantable_203992108_2026,
author = {{Grantable}},
title = {{The Rise Foundation Inc funder profile}},
howpublished = {GrantGraph},
year = {2026},
url = {https://grantable.co/funders/the-rise-foundation-inc-morg_99e9e81296f344ccbebbf9a13a4469df},
note = {Accessed 2026-10-06. Data licensed CC BY 4.0}
}The figures on this page are open data under CC BY 4.0: reuse them with credit to Grantable and a link. Download the data.
Figures come from The Rise Foundation Inc's IRS filings (methodology). AI-written summaries, news items and logos are not covered by the open licence. Spot an error? Email hello@grantable.co.
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