Ruane Family Foundation
- Assets
- $51.5m
- Revenue
- $2.4m
- Investments
- $50.6m
- Employees
- 0
- Location
- North Palm Beach, FL
- Founding
- 08/2013
- Data as of
- 12/2023
- EIN
- 46-1612574
Organization Overview
Ruane Family Foundation is located in North Palm Beach, FL. The organization was established in 2013. According to its NTEE Classification (T22) the organization is classified as: Private Independent Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Ruane Family Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2023, Ruane Family Foundation generated $2.4m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (16.9%) each year. All expenses for the organization totaled $2.1m during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (11.9%) per year over the past 5 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Ruane Family Foundation has awarded 36 individual grants totaling $10,252,547. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael A Ruane Trustee | 1 | $0 | |
Elizabeth J Ruane Trustee | 0 | $0 | |
Michael A Bass Trustee | 0 | $0 | |
John Curtis Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $103,524 |
| Dividends & Interest | $1,361,845 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $833,964 |
| Capital Gain Net Income | $833,964 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $58,744 |
| Total Revenue | $2,358,077 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $3,780 |
| Taxes | $36,347 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $289,753 |
| Total operating and administrative expenses | $352,880 |
| Contributions, gifts, grants paid | $1,716,696 |
| Total expenses and disbursements | $2,069,576 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $956,392 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $50,564,703 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $51,521,095 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Ruane Family Foundation has awarded $1,716,696 in support to 7 organizations.
| Grant Recipient | Amount |
|---|---|
ST MARY'S HIGH SCHOOL FOUNDATION INC PURPOSE: TO SUPPORT A VARIETY OF EDUCATIONAL PROGRAMS FROM ARTS AND ATHLETICS TO SCHOLARSHIPS AND AID AT A CATHOLIC COLLEGE-PREPARATORY SCHOOL EDUCATING STUDENTS GRADES 6 TO 12 FROM MORE THAN 30 COMMUNITIES ON BOSTON'S NORTH SHORE. | $100,000 |
BOSTON SYMPHONY ORCHESTRA PURPOSE: TO SUPPORT THE ORGANIZATION'S GOAL OF MAKING MUSIC CONSONANT WITH THE HIGHEST ASPIRATIONS OF THE MUSICAL ART, CREATING PERFORMANCE OPPORTUNITIES, AND PROVIDING EDUCATIONAL AND TRAINING PROGRAMS AT THE HIGHEST LEVEL OF EXCELLENCE. | $10,000 |
CYSTIC FIBROSIS FOUNDATION PURPOSE: TO FUND MEDICAL RESEARCH AND DRUG DEVELOPMENT TO FIND A CURE FOR CYSTIC FIBROSIS. | $5,000 |
MASSACHUSETTS GENERAL HOSPITAL PURPOSE: TO SUPPORT LIFESAVING PATIENT CARE, LEADING-EDGE MEDICAL RESEARCH AND CAREGIVER EDUCATION PROGRAMS OF THE HOSPITAL. | $1,560,196 |
MCLEAN HOSPITAL - WOMEN'S MENTAL HEALTH LEADERSHIP COUNCIL PURPOSE: A COUNCIL DEDICATED TO IMPROVING MENTAL HEALTH CARE FOR WOMEN AND GIRLS IN COMMUNITIES IN MASSACHUSETTS AND COASTAL MAINE. | $1,500 |
LOST TREE VILLAGE CHARITABLE FOUNDATION PURPOSE: CONTRIBUTIONS TO AGENCIES OFFERING ASSISTANCE TO THE NEEDY OF THE LOCAL COMMUNITY | $20,000 |