//
Also known as: FOUNDATION INC
Work at this foundation?
Claim this profile to manage it and see interest from grant seekers.
The Frank And Margaret Race Foundation Inc. is a private corporation based in CEDAR RAPIDS, IA. The foundation received its IRS ruling in 1967. It holds total assets of $3.1M. Annual income is reported at $1.4M. Total assets have grown from $1.3M in 2011 to $3.1M in 2024. The foundation is governed by 5 officers and trustees. According to its most recent filing, the foundation only makes contributions to preselected charitable organizations. Tax records are available from 2015 to 2024. The foundation primarily funds organizations in Florida, Texas and Iowa. According to available records, The Frank And Margaret Race Foundation Inc. has made 54 grants totaling $355K, with a median grant of $5K. Annual giving has decreased from $103K in 2020 to $59K in 2023. Grantmaking activity was highest in 2021 with $122K distributed across 14 grants. Individual grants have ranged from $1K to $22K, with an average award of $7K. The foundation has supported 24 unique organizations. The foundation primarily supports organizations in Texas, Kansas, Missouri, which account for 33% of all grants. Grantmaking reaches organizations across 12 states. Contributions to this foundation are tax-deductible.
Smallest Grant
$1K
Median Grant
$5K
Average Grant
$6K
Largest Grant
$18K
Based on 18 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.
The Frank And Margaret Race Foundation Inc. is a private foundation that provides grants to eligible organizations. Based on available records, the foundation has funded 54 grants. Its grantmaking reaches organizations primarily in TX, KS, MO.
The Frank And Margaret Race Foundation Inc. has distributed a total of $355K across 54 grants. The median grant size is $5K, with an average of $7K. Individual grants have ranged from $1K to $22K.
The Frank And Margaret Race Foundation Inc. typically selects its grantees rather than accepting unsolicited proposals.
The Frank And Margaret Race Foundation Inc. is headquartered in CEDAR RAPIDS, IA. While based in IA, the foundation distributes grants to organizations across 12 states.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Joseph R Russo | PRESIDENT | $0 | $0 | N/A |
| Alan Brinkman | SEC'Y/TREAS | $0 | $0 | N/A |
| Dawn Mcdaniel | BOARD MEMBER | $0 | $0 | N/A |
| Susie Harrison | BOARD MEMBER | $0 | $0 | N/A |
| Toni Bain | BOARD MEMBER | $0 | $0 | N/A |
Total Giving
N/A
Total Assets
$3.1M
Fair Market Value
N/A
Net Worth
$3.1M
Grants Paid
N/A
Contributions
N/A
Net Investment Income
N/A
Distribution Amount
N/A
Total Grants
54
Total Giving
$355K
Average Grant
$7K
Median Grant
$5K
Unique Recipients
24
Most Common Grant
$5K
of 2023 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| House Of HopeGENERAL SUPPORT | Cedar Rapids, IA | $4K | 2023 |
| His HandsGENERAL SUPPORT | Cedar Rapids, IA | $4K | 2023 |
| YwamGENERAL SUPPORT | Garden Valley, TX | $14K | 2023 |
| All Nations FamilyGENERAL SUPPORT | Grandview, MO | $12K | 2023 |
| Standing Stone MinistryPASTORAL COUNSELING | Newport Beach, CA | $6K | 2023 |
| Pioneer Bible TranslatorsBIBLE TRANSLATION | Manhattan, KS | $6K | 2023 |
| One CollectiveGENERAL SUPPORT | Elgin, IL | $4K | 2023 |
| HarvestersGENERAL SUPPORT | Plano, TX | $3K | 2023 |
| Youths For Christ UsaGENERAL SUPPORT | Englewood, CO | $3K | 2023 |
| One For IsraelGENERAL SUPPORT | Grapevine, TX | $3K | 2023 |
| New InternationalGENERAL SUPPORT | Fort Myers, FL | $2K | 2023 |
| Jesus Film ProjectGENERAL SUPPORT | Orlando, FL | $5K | 2022 |
| Kc UndergroundGENERAL SUPPORT | Shawnee, KS | $5K | 2022 |
| Inner City ImpactGENERAL SUPPORT | Chicago, IL | $5K | 2022 |
| Young Life Asia Pacific Co Jim CunninghamGENERAL SUPPORT | Holly Springs, NC | $3K | 2022 |
| Samaritan'S PurseSUPPORT - SYRIAN REFUGEES AND SOUTH SUDAN | Boone, NC | $10K | 2021 |
| Intervarsity Christian FellowshipGENERAL SUPPORT | Madison, WI | $10K | 2021 |
| Indopartners AgencyGENERAL SUPPORT | Mesa, AZ | $5K | 2021 |
| Wycliffe Bible TranslatorsGENERAL SUPPORT | Orlando, FL | $2K | 2021 |
| Vous CollegeGENERAL SUPPORT | Miami, FL | $8K | 2020 |
| Teen ChallengeGENERAL SUPPORT | Fort Meyers, FL | $5K | 2020 |
| Campus CrusadeGENERAL SUPPORT | Orlando, FL | $4K | 2020 |