Walter J and Natalie M Rais Foundation

Foundation · Grantmaker NOVI, MI EIN: 32-6021410

Walter J and Natalie M Rais Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in NOVI, MI. IRS filing data is available for 2021. In 2021, it awarded 3 grants totaling $1.7M. Net investment income was $920K.

Financial Overview

From 2021 IRS Form 990-PF · View filing

Total Assets

—

Annual Giving

$1.7M

Grant Count

Avg Grant Size

$579K

Under IRS private-foundation payout rules, Walter J and Natalie M Rais Foundation reported a distributable amount of $7K for 2021 — the minimum it must pay out in qualifying distributions.

About Walter J and Natalie M Rais Foundation

Based on IRS filings

Focus Areas

Philanthropy, Voluntarism & Grantmaking

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

Michigan $1.7M (100%)

States

Michigan

Cities

Farmington HillsSouthfieldWalled Lake

Financial History

Multi-year comparison from IRS filings

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2021
Total Assets	—
Revenue	$995,528
Expenses	$1,814,500
Qualifying Distributions	—
Net Investment Income	$920,244
Distributable Amount	$7,320

Giving Over Time

Total grant dollars and number of grants per year

Grant Insights

How this funder distributes its grants

Top Recipients

Top 3 recipients in 2021

Grant Size Distribution

3 grants across all recorded years

Giving History

Grant recipients and amounts by year

Among its reported 2021 grants, the largest include Monastery of the Blessed Sacrament ($900,000), St Wiliam Parish ($800,000), Scleroderma Foundation ($38,000).

Recipient	Purpose	Amount
MONASTERY OF THE BLESSED SACRAMENT FARMINGTON HILLS, MI	CONTRIBUTION - BENEFIT MONASTERY	$900,000
ST WILIAM PARISH WALLED LAKE, MI	PARISH NEEDS	$800,000
SCLERODERMA FOUNDATION SOUTHFIELD, MI	MEDICAL RESEARCH	$38,000

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

From 2021 IRS filing

From 2021 filing

Name	Title	Hours	Compensation
JOSEPH H CLANCY	TRUSTEE	—	$75,143
URSULA CLANCY	TRUSTEE	—	—

Subject Areas

Focus areas based on grantmaking activity

Philanthropy, Voluntarism & Grantmaking

Frequently Asked Questions

What is Walter J and Natalie M Rais Foundation?

Walter J and Natalie M Rais Foundation is a nonprofit organization focused on Philanthropy, Voluntarism & Grantmaking, based in NOVI, MI. It holds — in total assets as of 2021.

Where does Walter J and Natalie M Rais Foundation operate?

Walter J and Natalie M Rais Foundation has awarded grants in Michigan.

What size grants does Walter J and Natalie M Rais Foundation award?

In 2021, Walter J and Natalie M Rais Foundation awarded 3 grants totaling $1.7M — an average of about $579K per grant, based on its IRS Form 990 filings.

How much is Walter J and Natalie M Rais Foundation required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2021, Walter J and Natalie M Rais Foundation reported a distributable amount of $7K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.

What is Walter J and Natalie M Rais Foundation's EIN?

Walter J and Natalie M Rais Foundation's EIN (Employer Identification Number) is 32-6021410. IRS Form 990 filing data is available on this page for 2021.