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The Ray Charles Foundation is a private corporation based in LOS ANGELES, CA. The foundation received its IRS ruling in 1986. The principal officer is % Valerie Ervin. It holds total assets of $39M. Annual income is reported at $3.7M. According to available records, The Ray Charles Foundation has made 35 grants totaling $4.4M, with a median grant of $23K. Annual giving has grown from $1.1M in 2021 to $3M in 2023. Individual grants have ranged from $5K to $1M, with an average award of $125K. The foundation has supported 19 unique organizations. The foundation primarily supports organizations in California, Louisiana, New York, which account for 57% of all grants. Grantmaking reaches organizations across 10 states. Contributions to this foundation are tax-deductible.
The Ray Charles Foundation is a private foundation that provides grants to eligible organizations. Based on available records, the foundation has funded 35 grants. Its grantmaking reaches organizations primarily in CA, LA, NY.
The Ray Charles Foundation has distributed a total of $4.4M across 35 grants. The median grant size is $23K, with an average of $125K. Individual grants have ranged from $5K to $1M.
The application deadline is NO SUBMISSION DEADLINES - APPLICATIONS REVIEWED ALL YEAR. Obligations and Responsibilities of Grant Recipients 1) Since an award is made only for the purposes set forth in the Grantees submitted proposal and the Grantees grant application, any modifications to the project, as originally proposed, may be made only with prior written approval by The Ray Charles Foundation.2) The Grantee may not grant any portion of the award to a secondary Grantee without prior written permission of The Ray Charles Foundation.3) The Grant must be spent in full within the time set forth in the Grant proposal and if no such time is set forth, then within twelve (12) months following the Grant. In the event that the Grant is expressly made for multiple years, any funds not used in the current year may be applied to the purposes of the Grant in following years but only for the years covered by the Grant proposal.4) The Grantee must maintain complete records of receipts and expenditures sufficient to identify grant funds and expenditures made in the furtherance of t.
The Ray Charles Foundation is headquartered in LOS ANGELES, CA. While based in CA, the foundation distributes grants to organizations across 10 states.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Vaerie Ervin | President | $423K | $10K | $433K |
| C Daniels | Director | $0 | $0 | $0 |
| Mark Whitlock | Chairman | $0 | $0 | $0 |
| Yakub Coleman | Director | $0 | $0 | $0 |
| K L Johnson | Secretary | $0 | $0 | $0 |
| D Brokaw |
Total Giving
$5.8M
Total Assets
$38.8M
Fair Market Value
$44.4M
Net Worth
$38.7M
Grants Paid
$3M
Contributions
$0
Net Investment Income
$1.3M
Distribution Amount
$2.1M
Total: $530K
Total Grants
35
Total Giving
$4.4M
Average Grant
$125K
Median Grant
$23K
Unique Recipients
19
Most Common Grant
$25K
of 2023 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Community PartnersCHARITABLE PURPOSES | Los Angeles, CA | $150K | 2023 |
| Grammy Museum FoundationEDUCATION | Los Angeles, CA | $1M | 2023 |
| Cedars-Sinai Medical CenterCHARITABLE PURPOSES | Los Angeles, CA | $1M | 2023 |
| Yes2jobsCHARITABLE PURPOSES | Los Angeles, CA | $525K | 2023 |
| New Village Arts IncCHARITABLE PURPOSES | Carlsbad, CA | $250K |
| Director |
| $0 |
| $0 |
| $0 |
| W Coleman | Director | $0 | $0 | $0 |
| 2018 | 990PF | View |
| 2017 | 990PF | View |
| 2016 | 990PF | View |
| 2015 | 990PF | View |
| 2023 |
| Jackie Robinson Foundation IncCHARITABLE PURPOSES | New York, NY | $25K | 2023 |
| Reid Temple Ame ChurchCHARITABLE PURPOSES | Glenn Dale, MD | $25K | 2023 |
| Boule FoundationCHARITABLE PURPOSES | San Antonio, TX | $20K | 2023 |
| Art Center College Of DesignEDUCATION | Pasadena, CA | $20K | 2023 |
| Southern Poverty Law CenterCHARITABLE PURPOSES | Montgomery, AL | $5K | 2023 |
| Hampton UniversityEDUCATIONAL PURPOSES | Hampton, VA | $5K | 2023 |
| United Schools Of IndianapolisEDUCATION | Indianapolis, IN | $25K | 2022 |
| The Boule FoundationCHARITABLE PURPOSES | Atlanta, GA | $15K | 2022 |
| Children'S Defense Fund CaliforniaYOUTH DEVELOPMENT | Los Angeles, CA | $5K | 2022 |
| Dillard UniversityEDUCATION | New Orleans, LA | $1M | 2021 |
| Triumph FoundationCHARITABLE PURPOSES | Valencia, CA | $25K | 2021 |
| Henry E Huntington Library Art GallCHARITABLE PURPOSES | San Marino, CA | $25K | 2021 |
| Martin UniversityEDUCATIONAL PURPOSES | Indianapolis, IN | $25K | 2021 |
| Mu Boule FoundationEDUCATIONAL PURPOSES | New Brunswick, NJ | $15K | 2021 |
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