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Rak Charitable Foundation is a private corporation based in MONSEY, NY. The foundation received its IRS ruling in 2004. The principal officer is % Abraham Katz. It holds total assets of $357K. Annual income is reported at $429K. TO AWARD GRANTS TO EXEMPT CHARITABLE ORGANIZATIONS WHO QUALIFY UNDER IRC SECTION 501(C)3 EXEMPT ORGANIZATION STATUS. According to available records, Rak Charitable Foundation has made 3 grants totaling $1.4M, with a median grant of $464K. Annual giving has decreased from $929K in 2022 to $436K in 2023. Individual grants have ranged from $436K to $464K, with an average award of $455K. The foundation has supported 2 unique organizations. Grant recipients are concentrated in New York. Contributions to this foundation are tax-deductible.
TO AWARD GRANTS TO EXEMPT CHARITABLE ORGANIZATIONS WHO QUALIFY UNDER IRC SECTION 501(C)3 EXEMPT ORGANIZATION STATUS
TO AWARD GRANTS TO EXEMPT CHARITABLE ORGANIZATIONS WHO QUALIFY UNDER IRC SECTION 501(C)3 EXEMPT ORGANIZATION STATUS. Based on available records, the foundation has funded 3 grants. Its grantmaking reaches organizations primarily in NY.
Rak Charitable Foundation has distributed a total of $1.4M across 3 grants. The median grant size is $464K, with an average of $455K. Individual grants have ranged from $436K to $464K.
Rak Charitable Foundation typically selects its grantees rather than accepting unsolicited proposals.
Rak Charitable Foundation is headquartered in MONSEY, NY.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Risa Katz | VICE PRESIDENT | $0 | $0 | $0 |
| Abraham Katz | PRESIDENT | $0 | $0 | $0 |
Total Giving
$445K
Total Assets
$379K
Fair Market Value
$416K
Net Worth
$369K
Grants Paid
$436K
Contributions
$154K
Net Investment Income
$3K
Distribution Amount
$20K
Total: $122K
Total Grants
3
Total Giving
$1.4M
Average Grant
$455K
Median Grant
$464K
Unique Recipients
2
Most Common Grant
$464K
of 2023 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Various See AttachedCHARITABLE | Various, NY | $436K | 2023 |
| See AttachedCHARITABLE | Various, NY | $464K | 2022 |
Other foundations that have funded Rak Charitable Foundation.
| Funder | Amount | Year | Purpose |
|---|---|---|---|
| Mcguire & Hester Foundation | $5K | 2023 | DONATIONS |
| Oates Family Foundation | $5K | 2023 | General & Unrestricted |
| Allstate Foundation | $5K | 2023 | HELPING HANDS GROUP GRANTS GRANT |
| Baird Foundation Inc. | $800 | 2022 | YOUTH ORGANIZATIONS |
| Baird Foundation Inc. |
NEW YORK, NY
LOS ANGELES, CA
FOLEY, AL
LOS ANGELES, CA
MILLSTADT, IL
| $800 |
| 2022 |
| YOUTH ORGANIZATIONS |
| Oates Family Foundation | $5K | 2021 | General & Unrestricted |
| Reed Foundation | $4K | 2020 | TO SUPPORT PROGRAMS THAT INSPIRE AND CONTRIBUTE TO THE WELL-BEING OF LOCAL UNDERPRIVILEGED CHILDREN, CHILDREN OF FALLEN MILITARY SERVICE MEMBERS AND AUTISM FAMILY OUTREACH THROUGH THE HARD WORK AND DETERMINATION OF EVERYONE INVOLVED. |
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