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Also known as: FOUNDATION INC
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Rainess Schwab Velazquez Foundation Inc. is a private 0 based in WARREN, RI. The foundation received its IRS ruling in 0000. The principal officer is Robert First. It holds total assets of $11K. Annual income is reported at $2K. Total assets have decreased from $65K in 2011 to $11K in 2024. The foundation is governed by 2 officers and trustees. According to its most recent filing, the foundation only makes contributions to preselected charitable organizations. Tax records are available from 2015 to 2024. According to available records, Rainess Schwab Velazquez Foundation Inc. has made 2 grants totaling $3K, with a median grant of $1K. Annual giving has grown from $350 in 2022 to $2K in 2023. Individual grants have ranged from $350 to $2K, with an average award of $1K. Grant recipients are concentrated in New York.
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.
Rainess Schwab Velazquez Foundation Inc. is a private foundation that provides grants to eligible organizations. Based on available records, the foundation has funded 2 grants. Its grantmaking reaches organizations primarily in NY.
Rainess Schwab Velazquez Foundation Inc. has distributed a total of $3K across 2 grants. The median grant size is $1K, with an average of $1K. Individual grants have ranged from $350 to $2K.
Rainess Schwab Velazquez Foundation Inc. typically selects its grantees rather than accepting unsolicited proposals.
Rainess Schwab Velazquez Foundation Inc. is headquartered in WARREN, RI.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Seth J Rainess | PRESIDENT | $0 | $0 | N/A |
| Robert M First | TREASURER | $0 | $0 | N/A |
Total Giving
N/A
Total Assets
$11K
Fair Market Value
N/A
Net Worth
$11K
Grants Paid
N/A
Contributions
N/A
Net Investment Income
N/A
Distribution Amount
N/A
Total Grants
2
Total Giving
$3K
Average Grant
$1K
Median Grant
$1K
Unique Recipients
1
Most Common Grant
$2K
of 2023 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| American Friends Of Beit RuthOPERATING | Jericho, NY | $2K | 2023 |