Rast Foundation
- Assets
- $77.5m
- Revenue
- -$1.9m
- Investments
- $77.4m
- Employees
- 0
- Location
- Bethesda, MD
- Founding
- 04/2017
- Data as of
- 09/2023
- EIN
- 81-0723895
Organization Overview
Rast Foundation is located in Bethesda, MD. The organization was established in 2017. 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. Rast Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Since 2020, Rast Foundation has awarded 64 individual grants totaling $20,568,472. 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.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
N/A
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Robert L Trone Director, President | 0 | $0 | |
Anna Marie Parisi-Trone Director, Vice President | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $5,504,124 |
| Interest on Savings | $6,913 |
| Dividends & Interest | $175,890 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$7,710,492 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $156,375 |
| Total Revenue | -$1,867,190 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $200,000 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $1,205,817 |
| Total operating and administrative expenses | $1,498,129 |
| Contributions, gifts, grants paid | $4,227,443 |
| Total expenses and disbursements | $5,725,572 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $135,613 |
| Savings and temporary cash investments | $0 |
| 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 | $66,350,942 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $77,515,659 |
| 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, Rast Foundation has awarded $6,427,443 in support to 33 organizations.
| Grant Recipient | Amount |
|---|---|
ALZHEIMER'S DRUG DISCOVERY FOUNDATION PURPOSE: 13TH ANNUAL G.L. LUNCHEON | $5,000 |
CATHOLIC CHARITIES OF THE ARCHDIOCESE OF WASHINGTON INC PURPOSE: SANCTUARIES FOR LIFE MOTHERS DAY KITS | $10,000 |
CATHOLIC CHARITIES OF THE ARCHDIOCESE OF WASHINGTON INC PURPOSE: GENERAL CONTRIBUTION | $100,000 |
BRIGHAM AND WOMEN'S HOSPITAL PURPOSE: CHASING HOPE GOLD SPONSORSHIP | $10,000 |
CHILDRENS NATIONAL HOSPITAL FOUNDATION PURPOSE: GOLD SPONSORSHIP | $25,000 |
COMMON SENSE MEDIA PURPOSE: SCHOOL SPONSOR | $5,000 |