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Ray Foundation is a private corporation based in TUSCALOOSA, AL. The foundation received its IRS ruling in 2004. The principal officer is Martin Ray. It holds total assets of $260K. Annual income is reported at $27K. Total assets have decreased from $431K in 2011 to $260K in 2023. The foundation is governed by 7 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. According to available records, Ray Foundation has made 8 grants totaling $31K, with a median grant of $4K. Individual grants have ranged from $3K to $6K, with an average award of $4K. The foundation has supported 4 unique organizations. Grant recipients are concentrated in Alabama. Contributions to this foundation are tax-deductible.
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 8 grants. Its grantmaking reaches organizations primarily in AL.
Ray Foundation has distributed a total of $31K across 8 grants. The median grant size is $4K, with an average of $4K. Individual grants have ranged from $3K to $6K.
Ray Foundation typically selects its grantees rather than accepting unsolicited proposals.
Ray Foundation is headquartered in TUSCALOOSA, AL.
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| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Borden M Ray Jr | TREASURER | $0 | $0 | N/A |
| Martin Ray | PRESIDENT | $0 | $0 | N/A |
| Allison Ray Tatum | SECRETARY | $0 | $0 | N/A |
| Laura Gregory | DIRECTOR | $0 | $0 | N/A |
| Carol Johnson | DIRECTOR | $0 | $0 | N/A |
| Debbie Crownover | DIRECTOR | $0 | $0 | N/A |
| Phyllis Gamble | DIRECTOR | $0 | $0 | N/A |
Total Giving
$29K
Total Assets
$260K
Fair Market Value
$260K
Net Worth
$260K
Grants Paid
$17K
Contributions
N/A
Net Investment Income
$5K
Distribution Amount
$13K
Total: $150K
Total Revenue
$2K
990PF · 2023
Total Expenses
$29K
990PF · 2023
Total Assets
$260K
990PF · 2023
Net Assets
$260K
990PF · 2023
Total Grants
8
Total Giving
$31K
Average Grant
$4K
Median Grant
$4K
Unique Recipients
4
Most Common Grant
$4K
of 2022 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Jesus Way Homeless ShelterTO SUPPORT THE SHELTER'S MISSION | Tuscaloosa, AL | $6K | 2022 |
| Caring DaysTO SUPPORT THE ORGANIZATION | Tuscaloosa, AL | $4K | 2022 |
| SdesTO SUPPORT THE ORGANIZATION | Hoover, AL | $4K | 2022 |
| Community Foundation Of West AlabamTO SUPPORT MISSION | Northport, AL | $3K | 2022 |
BIRMINGHAM, AL
BIRMINGHAM, AL
BIRMINGHAM, AL