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Rak Foundation is a private corporation based in FRANKLIN, OH. The foundation received its IRS ruling in 2022. It holds total assets of $1.1M. Annual income is reported at $336K. The foundation operates in the area of philanthropy & grantmaking. According to available records, Rak Foundation has made 16 grants totaling $200K, with a median grant of $9K. The foundation has distributed between $43K and $82K annually from 2020 to 2022. Individual grants have ranged from $1K to $34K, with an average award of $12K. The foundation has supported 7 unique organizations. Grants have been distributed to organizations in Illinois and Ohio. Contributions to this foundation are tax-deductible.
Rak Foundation primarily funds organizations in the area of philanthropy & grantmaking. Based on available records, the foundation has funded 16 grants. Its grantmaking reaches organizations primarily in IL, OH.
Rak Foundation has distributed a total of $200K across 16 grants. The median grant size is $9K, with an average of $12K. Individual grants have ranged from $1K to $34K.
Rak Foundation typically selects its grantees rather than accepting unsolicited proposals.
Rak Foundation is headquartered in FRANKLIN, OH. While based in OH, the foundation distributes grants to organizations across 2 states.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| David Brooks | DIRECTOR | $0 | $0 | $0 |
Total Giving
$114K
Total Assets
$1.2M
Fair Market Value
$1.2M
Net Worth
$1.2M
Grants Paid
$100K
Contributions
$0
Net Investment Income
$64K
Distribution Amount
$58K
Total: $1.1M
Total Grants
16
Total Giving
$200K
Average Grant
$12K
Median Grant
$9K
Unique Recipients
7
Most Common Grant
$15K
of 2022 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Bethesda FoundationBARRY WILLISON SCHOLARSHIP FUND | Cincinnati, OH | $2K | 2021 |
| Adia Cook Loyola University ChicagoTUITION | Chicago, IL | $27K | 2022 |
| Emalee JettTUITION | Clarksville, OH | $9K | 2022 |
| Lourdes Valentina Chavez GuajanTUITION | Quito | $5K | 2022 |
| Adia CookADIA COOK, TUITION | Chicago, IL | $34K |
Other foundations that have funded Rak Foundation.
| Funder | Amount | Year | Purpose |
|---|---|---|---|
| Kornfeld Foundation | $5K | 2023 | UNRESTRICTED |
| Kurzrok Foundation Inc. | $2K | 2023 | TO FURTHER DONEE'S EXEMPT PURPOSE. |
| Samuel J And Ethel Lefrak Charitable Trust | $1K | 2023 | RELIGIOUS, CHARITABLE, SCIENTIFIC, LITERACY AND EDUCATIONAL |
| Mark And Dorothy Smith Familyfoundation | $5K | 2022 | SUPPORT |
| 2021 |
| Usa Wrestling OhioSCHOLARSHIPS | Avon, OH | $1K | 2021 |
| University Of CincinnatiHAYDEN FAMILY ENDOWED CHAIR FOR CANC | Cincinnati, OH | $15K | 2020 |
| Mark And Dorothy Smith Familyfoundation |
| $5K |
| 2022 |
| SUPPORT |
| Mark And Dorothy Smith Familyfoundation | $5K | 2021 | SUPPORT |
DUBLIN, OH
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