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Also known as: C/O STERLING FOUNDATION MANAGEMENT LLC
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Rae Of Hope Foundation is a private corporation based in RESTON, VA. The foundation received its IRS ruling in 2011. The principal officer is Kendra Hutchins. It holds total assets of $661K. Annual income is reported at $215K. Total assets have decreased from $994K in 2011 to $777K in 2023. The foundation is governed by 2 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 2016 to 2023. The foundation primarily funds organizations in Virginia and Maryland. According to available records, Rae Of Hope Foundation has made 136 grants totaling $414K, with a median grant of $2K. Annual giving has grown from $146K in 2020 to $268K in 2022. Individual grants have ranged from $1K to $25K, with an average award of $3K. The foundation has supported 75 unique organizations. The foundation primarily supports organizations in Virginia, Maryland, New York, which account for 88% of all grants. Grantmaking reaches organizations across 8 states. Contributions to this foundation are tax-deductible.
Smallest Grant
$1K
Median Grant
$2K
Average Grant
$3K
Largest Grant
$25K
Based on 48 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 Of Hope Foundation primarily funds organizations in the area of philanthropy & grantmaking. Based on available records, the foundation has funded 136 grants. Its grantmaking reaches organizations primarily in VA, MD, NY.
Rae Of Hope Foundation has distributed a total of $414K across 136 grants. The median grant size is $2K, with an average of $3K. Individual grants have ranged from $1K to $25K.
Rae Of Hope Foundation typically selects its grantees rather than accepting unsolicited proposals.
Rae Of Hope Foundation is headquartered in RESTON, VA. While based in VA, the foundation distributes grants to organizations across 8 states.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| William Joseph Carlin | PRESIDENT//DIRECTOR | $26K | $0 | $26K |
| Sara L Carlin | SECRETARY/TREASURER/DIRECTOR | $0 | $0 | N/A |
Total Giving
$410K
Total Assets
$777K
Fair Market Value
$1.2M
Net Worth
$777K
Grants Paid
$315K
Contributions
$143K
Net Investment Income
$152K
Distribution Amount
$61K
Total Grants
136
Total Giving
$414K
Average Grant
$3K
Median Grant
$2K
Unique Recipients
75
Most Common Grant
$2K
of 2022 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Faith Aid & DevelopmentMUSTARD SEED HOUSE | Ashburn, VA | $25K | 2022 |
| Mid-Atlantic Lutherans In MissionsHOLY LAND TRAVEL | Richmond, VA | $10K | 2022 |
| Scan Of Northern VirginiaGENERAL SUPPORT | Alexandria, VA | $10K | 2022 |
| Fredericksburg Christian Health CenterSTAFF SPIRITUAL DEVELOPMENT | Fredericksburg, VA | $5K | 2022 |
| Centerpointe Church At Fair OaksFOSTER CARE MINISTRY | Chantilly, VA | $5K | 2022 |
| Francis KimBROOMTREE LOAN FORGIVENESS | Arlington, VA | $4K | 2022 |
| Jessica ChavarriaBROOMTREE LOAN FORGIVENESS | Fredericksburg, VA | $4K | 2022 |
| Joseph EarhartBROOMTREE LOAN FORGIVENESS | Kirksville, MO | $4K | 2022 |
| Aaron BueltmannBROMMTREE LOAN FORGIVENESS | Wauseon, OH | $4K | 2022 |
| Kristi StefaniBROOMTREE LOAN FORGIVENESS | Falls Church, VA | $4K | 2022 |
| Justin KumferBROOMTREE LOAN FORGIVENESS | Stewartsville, MN | $4K | 2022 |
| Christian Fellowship ChurchFOR PASTOR BRIAN BALES | Ashburn, VA | $3K | 2022 |
| Stephanie UlanBROOMTREE LOAN FORGIVENESS | South Riding, VA | $2K | 2022 |
| Hope Lutheran ChurchSUMMER INTERN PROGRAM | Wake Forest, NC | $2K | 2022 |
| Alan CombsBROMMTREE LOAN FORGIVENESS | Salem, VA | $2K | 2022 |
| Daniel LimBROOMTREE LOAN FORGIVENESS | Falls Church, VA | $2K | 2022 |
| Garet EllisBROOMTREE LOAN FORGIVENESS | Brunswick, MD | $2K | 2022 |
| Heidi MillerBROOMTREE LOAN FORGIVENESS | Baltimore, MD | $2K | 2022 |
| Hyungkyun KimBROOMTREE LOAN FORGIVENESS | Fairfax, VA | $2K | 2022 |
| Laura ButcherBROOMTREE LOAN FORGIVENESS | Williamsburg, VA | $2K | 2022 |
| Sean DevolitesBROOMTREE LOAN FORGIVENESS | Winchester, VA | $2K | 2022 |
| Julia PutprushBROOMTREE LOAN FORGIVENESS | Stephens City, VA | $2K | 2022 |
| Hannah HorstBROOMTREE LOAN FORGIVENESS | Chantilly, VA | $2K | 2022 |
| Jasmine YanezBROOMTREE LOAN FORGIVENESS | Richmond, VA | $2K | 2022 |
| Saint Paul'S Lutheran Church And SchoolSUPPORT OF THE CAMEL DAY CAFE | Pasadena, MD | $2K | 2022 |
| Sean GrayBROOMTREE LOAN FORGIVENESS | Arlington, VA | $2K | 2022 |
| Ravensworth Baptist ChurchTHRIVE FOR RACIAL JUSTICE | Nokesville, VA | $2K | 2022 |