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Ray Of Hope Foundation is a private corporation based in FALMOUTH, ME. The foundation received its IRS ruling in 2006. The principal officer is Edwards Angell Palmer & Dodge Llp. It holds total assets of $1M. Annual income is reported at $1.1M. Total assets have grown from $219K in 2011 to $311K in 2023. The foundation is governed by 2 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. Grantmaking is concentrated in Maine. According to available records, Ray Of Hope Foundation has made 14 grants totaling $540K, with a median grant of $10K. Annual giving has grown from $28K in 2020 to $80K in 2023. Grantmaking activity was highest in 2022 with $431K distributed across 6 grants. Individual grants have ranged from $1K to $375K, with an average award of $39K. The foundation has supported 10 unique organizations. The foundation primarily supports organizations in New York, Maine, Florida, which account for 93% of all grants. Grantmaking reaches organizations across 4 states. Contributions to this foundation are tax-deductible.
Smallest Grant
$1K
Median Grant
$5K
Average Grant
$6K
Largest Grant
$10K
Based on 5 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 Of Hope Foundation primarily funds organizations in the area of philanthropy & grantmaking. Based on available records, the foundation has funded 14 grants. Its grantmaking reaches organizations primarily in NY, ME, FL.
Ray Of Hope Foundation has distributed a total of $540K across 14 grants. The median grant size is $10K, with an average of $39K. Individual grants have ranged from $1K to $375K.
Ray Of Hope Foundation typically selects its grantees rather than accepting unsolicited proposals.
Ray Of Hope Foundation is headquartered in FALMOUTH, ME. While based in ME, the foundation distributes grants to organizations across 4 states.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Charles Gendron | Trustee | $0 | $0 | N/A |
| Theresa Gendron | Trustee | $0 | $0 | N/A |
Total Giving
$82K
Total Assets
$311K
Fair Market Value
$311K
Net Worth
$311K
Grants Paid
$80K
Contributions
N/A
Net Investment Income
$16K
Distribution Amount
$17K
Total Grants
14
Total Giving
$540K
Average Grant
$39K
Median Grant
$10K
Unique Recipients
10
Most Common Grant
$10K
of 2023 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Chai LifelineBike4Chai | New York, NY | $10K | 2022 |
| Big Brothers Big Sisters Of Southern MaineGeneral Support | Westbrook, ME | $50K | 2023 |
| Starability FoundationGeneral Support | Naples, FL | $25K | 2023 |
| Wisdom Of Healing School IncGeneral Support | West Nyack, NY | $5K | 2023 |
| Yeshiva Rabbi Chaim BerlinGeneral Support | Brooklyn, NY | $375K | 2022 |
| Ronald Mcdonald HouseGeneral Support | Portland, ME | $10K | 2022 |
| Greater Boston Real Estate Board FoundationGeneral Support | Boston, MA | $10K | 2022 |
| Safe PassageGeneral Support | New Gloucester, ME | $1K | 2022 |
| Big Brothers Big Sisters Of Bath BrunswickGeneral Support | Brunswick, ME | $10K | 2020 |
| Riding To The Top Therapeutic FoundationGeneral Support | Windham, ME | $5K | 2020 |