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J Richard Raeder Foundation Trust is a private trust based in PENNINGTON, NJ. The foundation received its IRS ruling in 2019. The principal officer is Bank Of America Na Ttee. It holds total assets of $1.3M. Annual income is reported at $645K. The foundation is governed by 1 officer or trustee. 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 2020 to 2023. The foundation primarily funds organizations in Florida and Ohio. According to available records, J Richard Raeder Foundation Trust has made 19 grants totaling $220K, with a median grant of $7K. The foundation has distributed between $50K and $116K annually from 2021 to 2023. Grantmaking activity was highest in 2022 with $116K distributed across 10 grants. Individual grants have ranged from $4K to $29K, with an average award of $12K. The foundation has supported 6 unique organizations. Grants have been distributed to organizations in Ohio and Florida and New York. Contributions to this foundation are tax-deductible.
Smallest Grant
$6K
Median Grant
$9K
Average Grant
$12K
Largest Grant
$23K
Based on 4 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.
J Richard Raeder Foundation Trust primarily funds organizations in the area of philanthropy & grantmaking. Based on available records, the foundation has funded 19 grants. Its grantmaking reaches organizations primarily in OH, FL, NY.
J Richard Raeder Foundation Trust has distributed a total of $220K across 19 grants. The median grant size is $7K, with an average of $12K. Individual grants have ranged from $4K to $29K.
J Richard Raeder Foundation Trust typically selects its grantees rather than accepting unsolicited proposals.
J Richard Raeder Foundation Trust is headquartered in PENNINGTON, NJ. While based in NJ, the foundation distributes grants to organizations across 3 states.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Bank Of America N A | TRUSTEE | $18K | $0 | $18K |
Total Giving
$72K
Total Assets
$1.2M
Fair Market Value
$1.3M
Net Worth
$1.2M
Grants Paid
$53K
Contributions
N/A
Net Investment Income
$90K
Distribution Amount
$62K
Total: $949K
Total Grants
19
Total Giving
$220K
Average Grant
$12K
Median Grant
$7K
Unique Recipients
6
Most Common Grant
$5K
of 2023 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Lifecare HospiceGENERAL OPERATING | Wooster, OH | $27K | 2023 |
| Case Western ReserveGENERAL OPERATING | Cleveland, OH | $13K | 2023 |
| Stephen Siller Tunnel To Towers FoundatiGENERAL OPERATING | Staten Island, NY | $7K | 2023 |
| Save Our Cats And Kittens IncGENERAL OPERATING | Ft Walton Bch, FL | $7K | 2023 |
| Panhandle Animal Welfare SocietyGENERAL OPERATING | Fort Walton Beach, FL | $5K | 2022 |
| Community Solutions Of The Emerald CoastGENERAL OPERATING | Ft Walton Bch, FL | $5K | 2022 |