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Ray Of Sunshine Foundation Inc. is a private corporation based in TEANECK, NJ. The foundation received its IRS ruling in 2018. The principal officer is Ray Hassan. It holds total assets of $3.8M. Annual income is reported at $184K. The foundation is governed by 4 officers and trustees. Tax records are available from 2021 to 2024. According to available records, Ray Of Sunshine Foundation Inc. has made 3 grants totaling $215K, with a median grant of $105K. Annual giving has decreased from $210K in 2022 to $5K in 2023. Individual grants have ranged from $5K to $105K, with an average award of $72K. Grant recipients are concentrated in Ohio. Contributions to this foundation are tax-deductible.
Ray Of Sunshine Foundation Inc. is a small, family-directed private foundation, not a conventional open-application grantmaker. Ruled tax-exempt in May 2018 and based in Teaneck, NJ, it is run entirely by the Hassan family and one outside treasurer: Rayed Hassan (President), Suha Hassan (Vice President), Lisa Hassan (Secretary), and Mohamad Salem (Treasurer) — all four draw $0 compensation in every year on file, the profile of an all-volunteer family giving vehicle rather than a staffed institution.
The foundation's own website frames its work as "spreading positivity and support through three core verticals": Cancer Awareness, CPR Training, and an Athlete Support Programme. Site imagery (a cheque donation to prostate cancer patients at MNJ Hospital, Hyderabad; hair donations for cancer-patient wig-making; CPR certification sessions; marathon/stadium-run sponsorships) shows these are largely direct-service and in-house activities, not a competitive third-party grants program.
Tracked grantee data confirms this: 100% of the foundation's documented discrete grantmaking — 3 grants totaling $215,000 — went to a single recipient, Palestine Children's Relief Fund (headquartered in Kent, OH), averaging $71,667 per grant. That is preselected, relationship-based giving, not open solicitation. Consistent with this, the foundation's public filings list its application_instructions field as blank, publish no grants page, no LOI template, and no application form, and it shares a Teaneck address with the Al Ummah Community Center, suggesting its network runs through that community institution.
For first-time applicants, the practical implication is clear: cold outreach through a formal proposal is unlikely to be read as a competitive submission. The realistic path in is a warm personal introduction to one of the four named officers, or clear alignment with one of the three named verticals plus an existing tie to the foundation's community network. Any formal ask should follow — not precede — an informal relationship, and should be pitched as joining an ongoing partnership (as Palestine Children's Relief Fund appears to have done across multiple grants) rather than winning a single competitive award.
Total assets have declined steadily for three straight reported years: $4,342,417 (FY2021) → $4,180,132 (FY2022) → $4,000,412 (FY2023) → $3,894,459 (FY2024), roughly a 10% drawdown, while total revenue held nearly flat near $252,000 a year ($252,000 in 2021 and 2022, $244,515 in 2023, $252,077 in 2024).
Total giving, by contrast, swung noticeably: $257,663 (2021) → $346,482 (2022, the foundation's peak giving year on record) → $256,180 (2023); FY2024 total giving has not yet been broken out in available filings. The discrete grants-paid line (distinct from total giving, which also covers direct charitable program costs) swung even more sharply: $0 in 2021, $105,000 in 2022, and just $5,000 in 2023 — evidence that most dollars in a typical year flow through direct program activity (CPR sessions, cancer-patient aid, athlete sponsorships) rather than discrete third-party grants.
Of the grants that are trackable in public data, all three identified awards — $215,000 combined, averaging $71,667 each — went to one organization, Palestine Children's Relief Fund, tagged to Ohio (its headquarters state) in the by-state grantee breakdown. That means there is no diversified Human Services grant portfolio visible in the public record; discrete third-party grantmaking appears concentrated on a single humanitarian partner, while the foundation's three named verticals function as in-house or directly-run programs (with some activity, per site photos, extending to Hyderabad, India).
No further program-area or geographic split is possible: officer compensation is $0 in every year reported, net investment income and contributions received show as $0 in years available (likely a 990-PF data-extraction gap rather than literal zero, given ~$250K/year in steady reported revenue), and no typical_grant_size or funding_cycle is published anywhere. For planning purposes, treat this as a roughly $3.9M-asset foundation giving on the order of $250,000-$350,000 a year in total, with a narrow, invitation-only distribution pattern — Human Services applicants outside the three named verticals or outside the Hassan family's existing relationships have no documented path to funding today.
| Foundation | Assets | Annual Giving | Primary Focus | Application |
|---|---|---|---|---|
| Ray Of Sunshine Foundation Inc. (NJ) | $3.89M | $256,180 (FY23) | Human Services — Cancer Awareness / CPR Training / Athlete Support | Invitation-only / preselected |
| Sandberg Goldberg Bernthal Family Foundation (CA) | $3.81M | Not disclosed | Human Services | Not disclosed |
| Oliver Sacks Foundation Inc. (NY) | $3.81M | Not disclosed | Human Services | Not disclosed |
| Peace Love Yoga Foundation Inc. (CA) | $3.83M | Not disclosed | Human Services | Not disclosed |
| Hee Family Foundation Inc. (NY) | $3.79M | Not disclosed | Human Services | Not disclosed |
| Holsinger Charitable Trust No 1 (OK) | $3.84M | Not disclosed | Human Services | Not disclosed |
All six foundations sit in a tight $3.79M-$3.89M asset band, forming a natural nationwide peer cohort of small, family-run Human Services funders spread across NJ, CA (two), NY (two), and OK. None of the five peers publish a website, grant guidelines, or an accessible application process in the data reviewed — a pattern consistent with sub-$5M family foundations that give primarily to founder-selected causes rather than through open competition. Ray Of Sunshine stands out within this group only in that it maintains an actual public-facing website with three named program areas and social media accounts; that gives outside organizations more visibility into its interests than most peers offer, even though it still does not translate into a formal, open grants channel.
No 2025 or 2026 news coverage, press releases, or dated announcements specific to Ray Of Sunshine Foundation Inc. (Teaneck, NJ, EIN 81-4038452) surfaced in web research; the search footprint is limited to third-party grant-database mirror pages (Impala, GrantExec, Zeffy, Cause IQ, Charity Navigator, GuideStar) that republish IRS filing data rather than original reporting.
The most recent financial detail available is the FY2024 IRS filing: total assets of $3,894,459 and total revenue of $252,077, with FY2024 grants-paid and total-giving figures not yet broken out in the data reviewed. Leadership has been stable throughout: Rayed Hassan (President), Suha Hassan (Vice President), Mohamad Salem (Treasurer), and Lisa Hassan (Secretary) have held the same four officer seats across every filing from 2021 through 2024, each reporting $0 compensation every year — consistent with an all-volunteer, single-family board that has not added outside trustees or restructured governance in that window.
The foundation's own website content (cheque-donation photos from MNJ Hospital in Hyderabad, marathon and stadium-run sponsorship photos, ongoing calls to "schedule a CPR session") reflects continuing but undated program activity rather than a formal news or announcements section — no dated 2025 or 2026 grant announcement was located there. The last clearly documented discrete grant activity in the data available was the $105,000 grants-paid figure in FY2022; the drop to $5,000 in FY2023 suggests a pause in discrete third-party grantmaking that year in favor of direct program spending. Grant seekers should treat this as a low-visibility funder with no signaled RFP, new initiative, or leadership transition to react to.
Given no open application portal exists, the single highest-leverage move is securing a warm introduction to one of the Hassan-family officers — Rayed Hassan (President), Suha Hassan (VP), or Lisa Hassan (Secretary) — or Treasurer Mohamad Salem. The foundation shares its Teaneck, NJ (50 Oakdene Ave) address with the Al Ummah Community Center, a strong signal that its network runs through that community institution; organizations with ties to NJ-area community and mosque networks have the clearest documented path in.
Do not submit a cold LOI through the foundation's general inbox (rosf.jost@gmail.com) expecting a competitive, staffed review. Third-party funder-intelligence sources describe this foundation as declining unsolicited proposals, and its own site has no "Apply" or "Grants" page, no posted deadline, no LOI template, and no stated funding cycle — application_instructions in public filings is explicitly blank.
Align any pitch tightly to one of the three named verticals rather than generic Human Services framing: Cancer Awareness (patient financial assistance, wig/hair-donation programs), CPR Training (community life-saving certification), or the Athlete Support Programme (sponsoring individual athletes or runners). A request that maps cleanly onto one of these three buckets reads as more legible to this funder than a broad program appeal.
Note the demonstrated preference for concentrated, repeat giving: the foundation's only tracked discrete grantee, Palestine Children's Relief Fund, received three separate grants (not one) totaling $215,000 — the strategic goal for a new relationship should be becoming a recurring partner, not winning a single award.
Because the foundation is asset-light (~$3.9M) and modestly funded (roughly $250,000-$350,000/year in total giving, with discrete grants-paid ranging from $0 to $105,000 across the last four reported years), pitch modest, concrete asks — four to five figures tied to a specific, demonstrable use (a set number of CPR certifications, a named athlete's sponsorship, a fixed number of patient-assistance grants) — rather than large multi-year requests.
The most common mistake to avoid: treating this like a standard institutional Human Services funder with a review committee and formal cycle. All available evidence points to a single extended family's personal giving vehicle; outreach should be personal and direct, not formatted like a corporate grant application packet. With no published cycle, time outreach to the funder's own program calendar (e.g., ahead of marathon season for Athlete Support, around cancer-awareness observance months) rather than a fiscal-year grant deadline.
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Supporting cancer patients
Teaching cardiopulmonary resuscitation
Assisting athletes
Total assets have declined steadily for three straight reported years: $4,342,417 (FY2021) → $4,180,132 (FY2022) → $4,000,412 (FY2023) → $3,894,459 (FY2024), roughly a 10% drawdown, while total revenue held nearly flat near $252,000 a year ($252,000 in 2021 and 2022, $244,515 in 2023, $252,077 in 2024). Total giving, by contrast, swung noticeably: $257,663 (2021) → $346,482 (2022, the foundation's peak giving year on record) → $256,180 (2023); FY2024 total giving has not yet been broken out in a.
Ray Of Sunshine Foundation Inc. has distributed a total of $215K across 3 grants. The median grant size is $105K, with an average of $72K. Individual grants have ranged from $5K to $105K.
Ray Of Sunshine Foundation Inc. is a small, family-directed private foundation, not a conventional open-application grantmaker. Ruled tax-exempt in May 2018 and based in Teaneck, NJ, it is run entirely by the Hassan family and one outside treasurer: Rayed Hassan (President), Suha Hassan (Vice President), Lisa Hassan (Secretary), and Mohamad Salem (Treasurer) — all four draw $0 compensation in every year on file, the profile of an all-volunteer family giving vehicle rather than a staffed institut.
Ray Of Sunshine Foundation Inc. is headquartered in TEANECK, NJ.
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| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Rayed Hassan | PRESIDENT | $0 | $0 | N/A |
| Suha Hassan | VICE PRESIDENT | $0 | $0 | N/A |
| Mohamad Salem | TREASURER | $0 | $0 | N/A |
| Lisa Hassan | SECRETARY | $0 | $0 | N/A |
Total Giving
N/A
Total Assets
$3.9M
Fair Market Value
N/A
Net Worth
$1.2M
Grants Paid
N/A
Contributions
N/A
Net Investment Income
N/A
Distribution Amount
N/A
Total Grants
3
Total Giving
$215K
Average Grant
$72K
Median Grant
$105K
Unique Recipients
1
Most Common Grant
$105K
of 2023 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Palestine Children'S Relief FundSUPPORT FOR CHILDREN OF PALESTINE | Kent, OH | $5K | 2023 |