Ray Foundation

Organization Overview

Ray Foundation is located in Birmingham, AL. The organization was established in 1996. 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. Ray 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 08/2022, Ray Foundation generated $19.3k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 18.3% each year . All expenses for the organization totaled $29.3k during the year ending 08/2022. While expenses have increased by 15.9% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.

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Board, Officers & Key Employees

Name (title)Compensation
Henry B Ray Jr
President
$0
Carolyn M Ray
Treasurer
$0

Financial Statements

Statement of Revenue
Contributions, Gifts, Grants & Similar $0
Interest on Savings $30
Dividends & Interest $7,491
Net Rental Income$0
Net Gain on Sale of Assets $11,748
Capital Gain Net Income $11,748
Net ST Capital Gain $0
Income Modifications $0
Profit on Inventory Sales $0
Other Income $0
Total Revenue $19,269

Grants Awarded

Over the last fiscal year, Ray Foundation has awarded $18,000 in support to 3 organizations.

Grant RecipientAmount

UNITED WAY OF CENTRAL ALABAMA

Org PageRecipient Profile

Birmingham, AL

PURPOSE: GENERAL DONATION

$10,000

CHILDREN'S HARBOR

PURPOSE: GENERAL DONATION

$5,000

CHILDREN'S HOSPITAL

PURPOSE: GENERAL DONATION

$3,000
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 1 grants that Ray Foundation has recieved totaling $10,000.

Awarding OrganizationAmount
John And Jane Campbell Family Foundation

Bells, TN

PURPOSE: UNRESTRICTED SUPPORT

$10,000
View Grant Recipient Profile

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