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Ray Foundation is a private corporation based in MOUNTAIN BRK, AL. The foundation received its IRS ruling in 1996. The principal officer is Warren C Matthews. It holds total assets of $908K. Annual income is reported at $610K. Total assets have grown from $117K in 2010 to $908K in 2024. The foundation is governed by 2 officers and trustees. The foundation operates in the area of philanthropy & grantmaking. Tax records are available from 2016 to 2024. Grantmaking is concentrated in Alabama. According to available records, Ray Foundation has made 11 grants totaling $69K, with a median grant of $5K. Annual giving has grown from $18K in 2022 to $51K in 2023. Individual grants have ranged from $3K to $10K, with an average award of $6K. The foundation has supported 4 unique organizations. Grant recipients are concentrated in Alabama. Contributions to this foundation are tax-deductible.
Smallest Grant
$3K
Median Grant
$5K
Average Grant
$6K
Largest Grant
$10K
Based on 3 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.
Ray Foundation primarily funds organizations in the area of philanthropy & grantmaking. Based on available records, the foundation has funded 11 grants. Its grantmaking reaches organizations primarily in AL.
Ray Foundation has distributed a total of $69K across 11 grants. The median grant size is $5K, with an average of $6K. Individual grants have ranged from $3K to $10K.
The application deadline is JULY 31 OF EACH YEAR. Greater birmingham, al area.
Ray Foundation is headquartered in MOUNTAIN BRK, AL.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Henry B Ray Jr | PRESIDENT | $0 | $0 | N/A |
| Carolyn M Ray | TREASURER | $0 | $0 | N/A |
Total Giving
N/A
Total Assets
$908K
Fair Market Value
N/A
Net Worth
$908K
Grants Paid
N/A
Contributions
N/A
Net Investment Income
N/A
Distribution Amount
N/A
Total Grants
11
Total Giving
$69K
Average Grant
$6K
Median Grant
$5K
Unique Recipients
4
Most Common Grant
$5K
of 2023 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Children'S HospitalGENERAL DONATION | Birmingham, AL | $5K | 2023 |
| United Way Of Central AlabamaGENERAL DONATION | Birmingham, AL | $10K | 2023 |
| St Judes Childrens ResearchGENERAL DONATION | Birmingham, AL | $5K | 2023 |
| Children'S HarborGENERAL DONATION | Birmingham, AL | $5K | 2023 |
BIRMINGHAM, AL
BIRMINGHAM, AL
BIRMINGHAM, AL