Rather Family Foundation
- Assets
- $2.4m
- Revenue
- $1.1m
- Investments
- $1.9m
- Employees
- 0
- Location
- New York, NY
- Founding
- 08/2019
- Data as of
- 12/2023
- EIN
- 84-1996035
Organization Overview
Rather Family Foundation is located in New York, NY. The organization was established in 2019. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking 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. Rather 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, Rather Family Foundation generated $1.1m 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 (18.3%) each year. All expenses for the organization totaled $1.7m during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Rather Family Foundation has awarded 63 individual grants totaling $6,958,827. 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 |
|---|---|---|---|
Mary Rather Director, President | 1 | $0 | |
Jonathan Rather Director, Secretary & Treasurer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $1,035,524 |
| Interest on Savings | $0 |
| Dividends & Interest | $88,555 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $3,631 |
| Capital Gain Net Income | $836,708 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $2,906 |
| Total Revenue | $1,130,616 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $12,906 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $250 |
| Total operating and administrative expenses | $19,056 |
| Contributions, gifts, grants paid | $1,702,755 |
| Total expenses and disbursements | $1,721,811 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $529,271 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $2,396,475 |
| 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 | $251,250 |
| Total liabilities | $251,250 |
Grants Awarded
Over the last fiscal year, Rather Family Foundation has awarded $1,702,755 in support to 18 organizations.
| Grant Recipient | Amount |
|---|---|
BOSTON COLLEGE PURPOSE: GENERAL SUPPORT | $967,500 |
EXPEDITIONARY SCHOOL AT BLACK RIVER PURPOSE: GENERAL SUPPORT | $1,000 |
DOMUS FOUNDATION PURPOSE: GENERAL SUPPORT | $264,000 |
FOUNDATIONS IN EDUCATION PURPOSE: GENERAL SUPPORT | $55,100 |
INNER CITY SCHOLARSHIP FUND PURPOSE: GENERAL SUPPORT | $78,200 |
PAN MASSACHUSETTS CHALLENGE INC PURPOSE: GENERAL SUPPORT | $2,000 |