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Ray Foundation Inc. is a private corporation based in NAPLES, FL. The foundation received its IRS ruling in 1963. The principal officer is Charles Ahearn President. It holds total assets of $66.9M. Annual income is reported at $15.6M. Total assets have grown from $10.4M in 2011 to $72.7M in 2022. The foundation is governed by 3 officers and trustees. Tax records are available from 2018 to 2023. The foundation primarily funds organizations in Florida and Minnesota. According to available records, Ray Foundation Inc. has made 137 grants totaling $29.7M, with a median grant of $50K. Annual giving has grown from $9.2M in 2022 to $20.5M in 2023. Individual grants have ranged from $5K to $2.5M, with an average award of $217K. The foundation has supported 49 unique organizations. The foundation primarily supports organizations in Maryland, Wisconsin, Florida, which account for 41% of all grants. Grantmaking reaches organizations across 20 states. Contributions to this foundation are tax-deductible.
Smallest Grant
$5K
Median Grant
$75K
Average Grant
$316K
Largest Grant
$2.5M
Based on 29 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 Inc. is a private foundation that provides grants to eligible organizations. Based on available records, the foundation has funded 137 grants. Its grantmaking reaches organizations primarily in MD, WI, FL.
Ray Foundation Inc. has distributed a total of $29.7M across 137 grants. The median grant size is $50K, with an average of $217K. Individual grants have ranged from $5K to $2.5M.
The application deadline is SEE ATTACHED STATEMENT 12. See attached statement 12.
Ray Foundation Inc. is headquartered in NAPLES, FL. While based in FL, the foundation distributes grants to organizations across 20 states.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Charles J Ahearn | PRESIDENT/DIRECTOR | $500K | $0 | $500K |
| Jeffery J Tempas | TREASURER/DIRECTOR | $259K | $0 | $259K |
| Patricia J Arthur | SECRETARY/DIRECTOR | $175K | $0 | $175K |
Total Giving
$11.8M
Total Assets
$72.7M
Fair Market Value
$241.2M
Net Worth
$72.7M
Grants Paid
$10.3M
Contributions
$1.2M
Net Investment Income
$5.8M
Distribution Amount
$10.7M
Total: $60.3M
Total Grants
137
Total Giving
$29.7M
Average Grant
$217K
Median Grant
$50K
Unique Recipients
49
Most Common Grant
$25K
of 2023 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Aopa Air Safety FoundationSUPPORT FOR 'YOU CAN FLY' PROGRAM | Frederick, MD | $2.5M | 2023 |
| Eaa Aviation Foundation IncRESTRICTED GRANT - SCHOLARSHIP SUPPORT | Oshkosh, WI | $1.8M | 2023 |
| Wings Over The RockiesYOUTH PROGRAMMING SUPPORT | Denver, CO | $750K | 2023 |
| Und Aerospace FoundationVETERANS SCHOLARSHIP PROGRAM SUPPORT | Grand Forks, ND | $353K | 2023 |
| Civil Air Patrol FoundationFLIGHT SCHOLARSHIPS FUNDING | Maxwell Afb, AL | $330K | 2023 |
| Southeastern Guide DogsOPERATING BUDGET SUPPORT | Palmetto, FL | $250K | 2023 |
| Colorado Skies AcademyOPERATING BUDGET SUPPORT | Englewood, CO | $250K | 2023 |
| The Immokalee FoundationMATCHING GRANT PATHWAYS PROGRAMS SUPPORT | Naples, FL | $250K | 2023 |
| Commerative Air ForceNAEC PROGRAMS OPERATING SUPPORT | Dallas, TX | $222K | 2023 |
| Community Foundation Of Collier CountyJAMES C RAY SCHOLARSHIP FUNDING | Naples, FL | $200K | 2023 |
| Aerospace Center For ExcellenceSKYLAB OPERATING SUPPORT | Lakeland, FL | $187K | 2023 |
| Teens In FlightOPERATING SUPPORT | Palm Coast, FL | $151K | 2023 |
| Pearl Harbor Aviation MuseumFLIGHT SCHOLARSHIP FUNDING SUPPORT | Honolulu, HI | $150K | 2023 |
| Reno Air Racing AssociationSCHOLARSHIP FUNDING SUPPORT | Reno, NV | $110K | 2023 |
| Flight FoundationFLIGHT SCHOLARSHIP FUNDING SUPPORT | Unicoi, TN | $90K | 2023 |
| Stem FlightsSCHOLARSHIP PROGRAM SUPPORT | Alexandria, VA | $75K | 2023 |
| Williamsburg Aviation ScholarshipFLIGHT SCHOLARSHIP FUNDING | Milliamsburg, VA | $75K | 2023 |
| The Heritage FoundationINTERNSHIPS | Washington, DC | $60K | 2023 |
| Alzheimer'S Support NetworkOPERATING BUDGET SUPPORT | Naples, FL | $50K | 2023 |
| Holocaust Museum & Cohen Education CenterYOUTH EDUCATION PROGRAMMING SUPPORT | Naples, FL | $50K | 2023 |