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Rae Family Charitable Foundation Trust First Financial Trust N A Ttee is a private corporation based in WINTHROP, MA. The foundation received its IRS ruling in 2007. The principal officer is Wayne Johnson. It holds total assets of $977K. Annual income is reported at $35K. Total assets have decreased from $1.4M in 2011 to $977K in 2023. 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 2015 to 2023. The foundation primarily funds organizations in Massachusetts and District of Columbia. According to available records, Rae Family Charitable Foundation Trust First Financial Trust N A Ttee has made 26 grants totaling $205K, with a median grant of $8K. The foundation has distributed between $52K and $97K annually from 2021 to 2023. Grantmaking activity was highest in 2022 with $97K distributed across 12 grants. Individual grants have ranged from $100 to $20K, with an average award of $8K. The foundation has supported 9 unique organizations. Grants have been distributed to organizations in Massachusetts and District of Columbia. Contributions to this foundation are tax-deductible.
Smallest Grant
$750
Median Grant
$8K
Average Grant
$7K
Largest Grant
$10K
Based on 8 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.
Rae Family Charitable Foundation Trust First Financial Trust N A Ttee primarily funds organizations in the area of philanthropy & grantmaking. Based on available records, the foundation has funded 26 grants. Its grantmaking reaches organizations primarily in MA, DC.
Rae Family Charitable Foundation Trust First Financial Trust N A Ttee has distributed a total of $205K across 26 grants. The median grant size is $8K, with an average of $8K. Individual grants have ranged from $100 to $20K.
Rae Family Charitable Foundation Trust First Financial Trust N A Ttee typically selects its grantees rather than accepting unsolicited proposals.
Rae Family Charitable Foundation Trust First Financial Trust N A Ttee is headquartered in WINTHROP, MA. While based in MA, the foundation distributes grants to organizations across 2 states.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Wayne Johnson | TRUSTEE | $46K | $0 | $46K |
Total Giving
$107K
Total Assets
$977K
Fair Market Value
$1.2M
Net Worth
$977K
Grants Paid
$56K
Contributions
N/A
Net Investment Income
$5K
Distribution Amount
$56K
Total: $243K
Total Grants
26
Total Giving
$205K
Average Grant
$8K
Median Grant
$8K
Unique Recipients
9
Most Common Grant
$8K
of 2023 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Trinity Boston ConnectsDISCRETION OF ORGANIZATION | Boston, MA | $20K | 2023 |
| Epiphany SchoolDISCRETION OF ORGANIZATION | Dorchester Ctr, MA | $17K | 2023 |
| South Boston Neighborhood HouseDISCRETION OF ORGANIZATION | South Boston, MA | $10K | 2023 |
| Pine Street InnDISCRETION OF ORGANIZATION | Boston, MA | $8K | 2023 |
| Philanthropy MassachusettsDISCRETION OF ORGANIZATION | Boston, MA | $775 | 2023 |
| Louis D Brown Peace InstituteDISCRETION OF ORGANIZATION | Dorchester, MA | $100 | 2023 |
| Notre Dame Education CenterDISCRETION OF ORGANIZATION | South Boston, MA | $5K | 2022 |
| Vinton Street Hope InitiativeDISCRETION OF ORGANIZATION | Boston, MA | $6K | 2021 |
| Council On FoundationsDISCRETION OF ORGANIZATION | Washington, DC | $3K | 2021 |