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Irving S Ray & Ada H Ray Memorial Fund is a private trust based in PORTLAND, ME. The foundation received its IRS ruling in 2020. The principal officer is Joseph A Coffin John K Pierce & L. It holds total assets of $404K. Annual income is reported at $267K. Total assets have grown from $265K in 2011 to $396K in 2023. The foundation is governed by 3 officers and trustees. The foundation operates in the area of philanthropy & grantmaking. According to its most recent filing, the foundation only makes contributions to preselected charitable organizations. Tax records are available from 2017 to 2023. The foundation primarily funds organizations in Maine and Florida. According to available records, Irving S Ray & Ada H Ray Memorial Fund has made 15 grants totaling $106K, with a median grant of $6K. The foundation has distributed between $32K and $39K annually from 2020 to 2023. Grantmaking activity was highest in 2022 with $39K distributed across 5 grants. Individual grants have ranged from $300 to $19K, with an average award of $7K. The foundation has supported 5 unique organizations. Grants have been distributed to organizations in Maine and Florida. Contributions to this foundation are tax-deductible.
Smallest Grant
$300
Median Grant
$5K
Average Grant
$6K
Largest Grant
$16K
Based on 5 grants from the most recent 990-PF filing.
No program descriptions are available for this foundation. Many private foundations report program activities in their annual 990-PF filings — check the Tax Filings section below for the most recent filing.
Irving S Ray & Ada H Ray Memorial Fund primarily funds organizations in the area of philanthropy & grantmaking. Based on available records, the foundation has funded 15 grants. Its grantmaking reaches organizations primarily in ME, FL.
Irving S Ray & Ada H Ray Memorial Fund has distributed a total of $106K across 15 grants. The median grant size is $6K, with an average of $7K. Individual grants have ranged from $300 to $19K.
Irving S Ray & Ada H Ray Memorial Fund typically selects its grantees rather than accepting unsolicited proposals.
Irving S Ray & Ada H Ray Memorial Fund is headquartered in PORTLAND, ME. While based in ME, the foundation distributes grants to organizations across 2 states.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Hm Payson Co | TRUSTEE | $7K | $0 | $7K |
| Michael R Currie | TRUSTEE | $0 | $0 | N/A |
| Joel Harris | TRUSTEE | $0 | $0 | N/A |
Total Giving
$46K
Total Assets
$396K
Fair Market Value
$786K
Net Worth
$396K
Grants Paid
$35K
Contributions
N/A
Net Investment Income
$16K
Distribution Amount
$36K
Total: $368K
Total Grants
15
Total Giving
$106K
Average Grant
$7K
Median Grant
$6K
Unique Recipients
5
Most Common Grant
$6K
of 2023 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Town Of GouldsboroFINANCIAL SUPPORT | Prospect Harbor, ME | $18K | 2023 |
| Northern Light Maine Coast HospitalFINANCIAL SUPPORT | Bangor, ME | $6K | 2023 |
| Mount Desert Island HospitalFINANCIAL SUPPORT | Bar Harbor, ME | $6K | 2023 |
| Shriners Hospitals For ChildrenFINANCIAL SUPPORT | Tampa, FL | $6K | 2023 |
| Prospect Harbor Methodist ChurchFINANCIAL SUPPORT | Prospect Harbor, ME | $300 | 2023 |