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Rainbow Private Foundation Inc. is a private corporation based in WILMINGTON, DE. The foundation received its IRS ruling in 2003. The principal officer is Foundation Source. It holds total assets of $4.8M. Annual income is reported at $2.7M. Total assets have grown from $1M in 2011 to $4.5M 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. Grantmaking is concentrated in New York. According to available records, Rainbow Private Foundation Inc. has made 14 grants totaling $323K, with a median grant of $23K. Annual giving has grown from $97K in 2022 to $226K in 2023. Individual grants have ranged from $4K to $50K, with an average award of $23K. The foundation has supported 7 unique organizations. Grants have been distributed to organizations in New York and California. Contributions to this foundation are tax-deductible.
Smallest Grant
$3K
Median Grant
$13K
Average Grant
$17K
Largest Grant
$50K
Based on 14 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.
Rainbow Private Foundation Inc. primarily funds organizations in the area of philanthropy & grantmaking. Based on available records, the foundation has funded 14 grants. Its grantmaking reaches organizations primarily in NY, CA.
Rainbow Private Foundation Inc. has distributed a total of $323K across 14 grants. The median grant size is $23K, with an average of $23K. Individual grants have ranged from $4K to $50K.
Rainbow Private Foundation Inc. typically selects its grantees rather than accepting unsolicited proposals.
Rainbow Private Foundation Inc. is headquartered in WILMINGTON, DE. While based in DE, the foundation distributes grants to organizations across 2 states.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Ashley Wu | VP, Dir, Pres, Sec | $0 | $0 | N/A |
| Richard Wu | VP, Dir | $0 | $0 | N/A |
Total Giving
$280K
Total Assets
$4.5M
Fair Market Value
$5M
Net Worth
$4.5M
Grants Paid
$226K
Contributions
N/A
Net Investment Income
$173K
Distribution Amount
$241K
Total: $4M
Total Grants
14
Total Giving
$323K
Average Grant
$23K
Median Grant
$23K
Unique Recipients
7
Most Common Grant
$30K
of 2023 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Project Backboardfor the restoration of one or more basketball courts in NYC Upper Manhattan or Harlem area | Irvine, CA | $50K | 2023 |
| Redeemer Presbyterian Church Of New York East SideGeneral & Unrestricted | New York, NY | $50K | 2023 |
| Ballet Theatre Foundation IncGeneral & Unrestricted | New York, NY | $30K | 2023 |
| Smack Mellon Studios IncArt Ready Mentorship Program | Brooklyn, NY | $25K | 2023 |
| Sugar Hill Childrens Museum Of Art And StorytellinGeneral & Unrestricted | New York, NY | $21K | 2023 |
| Central Park Conservancy IncTo support the endowment of trees in Central Park | New York, NY | $10K | 2023 |
| Greenburgh Nature CenterGeneral & Unrestricted | Scarsdale, NY | $10K | 2023 |