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· Private foundation

Ray Foundation Inc

Its FY2025 filing reports that it funds preselected organizations and did not take unsolicited requests; check the foundation's own site before ruling it out.

$11M
Granted FY2025still arriving
40
Grants FY2025still arriving
18
States reached
$2.6M
Largest
01What it funds
0198% classified

What it funded, over time

Every grant placed by its stated purpose and the recipient’s mission, by year, FY2018 to 2025.

Public Safety & Disaster$25MArts & Culture$18MScience & Tech$17MEducation$14MHousing & Shelter$6.0MYouth Development$2.1MAnimals$1.8MPhilanthropy$1.6MOther$0
02FY2025 · 40 grants

Where the money goes

Grants by size, and the largest recipients.

By grant size · FY2025

  • Under $10k4 grants · $29k
  • $10k–50k15 grants · $327k
  • $50k–250k11 grants · $944k
  • $250k+10 grants · $10M
$50,000
Median grant
18
States reached
$67M
Total assets
Largest grants
RecipientAmount
AOPA AIR SAFETY FOUNDATION$2,650,000
EAA AVIATION FOUNDATION INC$2,345,060
AEROSPACE CENTER FOR EXCELLENCE$894,857
COMMERATIVE AIR FORCE$892,000
CIVIL AIR PATROL FOUNDATION$825,000
WINGS OVER THE ROCKIES$800,000
THE IMMOKALEE FOUNDATION$800,000
COMMUNITY FOUNDATION OF COLLIER COUNTY$300,000
UND AEROSPACE FOUNDATION$300,000
SOUTHEASTERN GUIDE DOGS$250,000
RENO AIR RACING ASSOCIATION$150,000
TEENS IN FLIGHT$150,000
PEARL HARBOR AVIATION MUSEUM$125,000
WILLIAMSBURG AVIATION SCHOLARSHIP PROGRAM$125,000
ABLE FLIGHT INC$75,000
02The need
03

Does the money reach high-need areas?

Each grant placed by the hardship in its grantee’s ZIP, against the area’s typical level.

show:

Its human-services grants (FY18–25, $1.8M) land where the poverty rate runs at 10%, against an area that typically sits at 9%. 100% of those dollars go to grantees based in above-average-need neighborhoods. Most of its grants land in higher-need ZIPs.

area typical 9%SOUTHEASTERN GUIDE DOGS: $500k → 10%SOUTHEASTERN GUIDE DOGS: $250k → 10%SOUTHEASTERN GUIDE DOGS: $250k → 10%SOUTHEASTERN GUIDE DOGS: $250k → 10%SOUTHEASTERN GUIDE DOGS: $250k → 10%SOUTHEASTERN GUIDE DOGS: $250k → 10%SALIDA SENIOR CITIZENS: $10k → 10%CITIZEN'S FOSTER CARE REVIEW BOARD: $5k → 10%0%20%40%50%more need →
grant to an above-average-need area below average· circle size = grant amount
How this is measured
Matched: human-services grants are those whose grantee’s IRS cause code is Human Services. Placed by people below the poverty line in the grantee’s ZIP, averaged from the tracts in that ZIP.

Which US states its grants reach

WA
ND
MN
IL
WI
MI
NY
NV
IA
IN
OH
NJ
CT
CA
CO
NE
VA
MD
AZ
TN
NC
SC
DC
HI
AL
GA
TX
FL
How this is measured
US grants placed by each grantee’s ZIP, which can differ from where services are delivered. Need from public data (U.S. Census/ACS, CDC PLACES, Eviction Lab, USDA), shown as context about the area, never attributed to the funder’s giving.
03Its grantees
repeat funding

Who it funds again

Organizations funded in more than one year, against those funded once.

90%of every dollar goes to organizations it has funded before.
$77M · 46 repeat orgs$8.5M to everyone else

Grantees it renews have grown median revenue +37% since the first grant, against -8% for those funded once.

46 repeat relationships: 28 still active in FY2025, 18 since wound down; 11 grantees were first funded in FY2025 (too recent to call).

How the two cohorts compare

Re-uppedFunded once

Organizations

46
41

Total granted

$77M
$8.1M

Median revenue growth · since first grant

+37%
-8%

Still filing today

61%
29%

New vs renewed · share of each year

In FY2025, 97% of grant dollars renewed an existing relationship; $380k went to new ones.

50%100%’18’19’20’21’22’23’24’25
RenewedFirst-time

Where new relationships form · theme of each grantee’s first grant

’18’19’20’21’22’23’24’25
EducationArts & CultureYouth DevelopmentHuman ServicesScience & TechPublic BenefitOther
How this is measured
First-time means a grantee’s first year in the filing window; renewed means funded in an earlier year too. The renewed share climbs naturally as a portfolio matures, so the signal is a year that bucks it (a wave of new grantees). The earliest year is left-censored: relationships that predate the data read as new. Theme is the grantee’s IRS cause.

Backed again, and grew

  • UA
    UND Aerospace Foundation
    4× · 2022–2025 · $8.7M · revenue +39%
  • EA
    EXPERIMENTAL AIRCRAFT ASSOCIATION INC
    5× · 2018–2022 · $7.9M · revenue +35%
  • EA
    EAA AVIATION FOUNDATION INC
    3× · 2023–2025 · $6.7M · revenue +38%

Funded once

  • UA
    UND AEROSPACE FOUNDATION
    one grant, 2019 · $6.0M
  • UO
    UNIVERSITY OF ND ALUMNI ASSOCIATION FOUNDATION
    one grant, 2018 · $500k
  • WM
    WEST MICHIGAN AVIATION ACADEMY
    one grant, 2021 · $250k
How this is measured

Repeat means funded in two or more distinct years. Growth and survival are read from each grantee’s own subsequent IRS filings.

04Its field

Closest unfunded matches

The nonprofits that most resemble its grantees but are not funded by it, scored along the direction from the rest of the field toward the portfolio. A resemblance in what they say they do, not a recommendation.

1
Eagles Mere Air Museum Foundation
Arts & Culture
2
American Airpower Museum Co Cockpit Cpt Usa Llc
—
3
Flying Leatherneck Aviation Museum
—
4
Gmaa-Bachelor Aviation Scholarship
—
5
Grand Aces Foundation

Program service accomplishments provide scholarships and patriotic flyovers

Education
6
Inspire Aviation Foundation Inc
Arts & Culture
7
North Cascades Vintage Aircraft Museum
—
8
Jeff Pino Foundation Fka Arizona Historic Aircraft

Funding scholarship programs at various qualified schools that teach aviation industry practices and aviation career fields, as well as the acquisition, maintenance and display of historical aircrafts to the general public.

Arts & Culture
9
The Yanks Air Museum
Arts & Culture
10
Stem in Aviation Youth Indiana Inc

We are a group of pilots, mechanics, and volunteers that want to introduce the next generation to aviation. Our mentors will guide teens as they build an airplane and then will teach them how to fly it Through this process we will expose…

Youth Development
11
Aero Club of Pennsylvania Memorial Scholarship Fund

Aviation training Scholarships, Based on level of rating and after essay submissions and review with Grant committees,

Education
12
Kentucky Aviation Museum Inc
Arts & Culture
How this is measured
The grantee most central to the portfolio’s shape is Lakeland Aero Club Inc; the most unlike its peers is Citizens Foster Care Review Board. Resemblance is measured on each organization’s own IRS 990 mission text; it reflects how work is described, not its quality or impact.
04the grantee network

47 grantees tracked through their own filings, 2017–2025.

Each grant beside the grantee’s revenue from every source, year by year.

How this is measured

Counted here: distinct organizations funded across 2017 to 2025, not grant rows in a single year, so this will not match the grant count on the cover. 47 of the 99 grantees resolved in that span have returns of their own we could reconcile.

Each grantee is resolved to its own IRS returns. Association, dated; never a causal claim.

13
Load-bearing (≥25% of a budget)
7
Early backer (in before they grew)
45/47
Grantees still filing
28/47
Grew since first funded

Where the money sits, by cause and then by grantee

AOPA AIR SAFETY FOUNDATION: $25,050,000 · OtherAOPA AIR SAFETY FOUNDATIONUND AEROSPACE FOUNDATION: $6,000,000 · OtherUND AEROSPACE FOUNDATIONCOLLIER COMMUNITY FOUNDATION INC: $1,561,100 · Other+59 more: $5,202,551 · Other+59 moreEAA AVIATION FOUNDATION INC: $6,700,060 · Arts & CultureEAA AVIATION FOUNDATIO…WINGS OVER THE ROCKIES AIR & SPACE MUSEUM: $5,030,000 · Arts & CultureWINGS OVER THE ROCKIES…THE COMMEMORATIVE AIR FORCE: $3,656,391 · Arts & CultureTHE COMMEMORATIVE AIR …PEARL HARBOR AVIATION MUSEUM: $2,025,000 · Arts & CulturePEARL HARBOR AVIATION …+5 more: $305,000 · Arts & CultureUND Aerospace Foundation: $8,683,100 · EducationUND Aerospace Foundati…AEROSPACE CENTER FOR EXCELLENCE INC: $4,319,317 · EducationAEROSPACE CENTER FOR E…CIVIL AIR PATROL FOUNDATION INC: $2,131,355 · EducationCIVIL AIR PATROL FOUND…COLORADO SKIES ACADEMY: $675,000 · Education+14 more: $1,619,695 · Education+14 moreEXPERIMENTAL AIRCRAFT ASSOCIATION INC: $7,910,000 · Science & TechEXPERIMENT…THE IMMOKALEE FOUNDATION INC: $3,150,000 · PhilanthropySoutheastern Guide Dogs Inc: $1,750,000 · Human Services+2 more: $15,000 · Human ServicesTeens-In-Flight Inc: $668,700 · Youth DevelopmentLAKELAND AERO CLUB INC: $606,167 · Youth DevelopmentFLIGHT FOUNDATION: $338,680 · Youth Development+2 more: $40,200 · Youth Development
Other$37,813,651Arts & Culture$17,716,451Education$17,428,467Science & Tech$7,910,000Philanthropy$3,150,000Human Services$1,765,000Youth Development$1,653,747

Each grantee by its size and the funder’s share of it; top left is load-bearing

25%50%75%100%$100k$1.0M$10M$100Mgrantee revenue →↑ funder's share of their budgetUND Aerospace Foundation: $8,683,100 over 4y, 21% of budgetEXPERIMENTAL AIRCRAFT ASSOCIATION INC: $7,910,000 over 5y, 12% of budgetEAA AVIATION FOUNDATION INC: $6,700,060 over 3y, 21% of budgetWINGS OVER THE ROCKIES AIR & SPACE MUSEUM: $5,030,000 over 8y, 23% of budgetAEROSPACE CENTER FOR EXCELLENCE INC: $4,319,317 over 7y, 49% of budgetTHE COMMEMORATIVE AIR FORCE: $3,656,391 over 4y, 9.6% of budgetTHE IMMOKALEE FOUNDATION INC: $3,150,000 over 7y, 15% of budgetCIVIL AIR PATROL FOUNDATION INC: $2,131,355 over 4y, 83% of budgetPEARL HARBOR AVIATION MUSEUM: $2,025,000 over 5y, 16% of budgetSoutheastern Guide Dogs Inc: $1,750,000 over 6y, 2.2% of budgetCOLLIER COMMUNITY FOUNDATION INC: $1,561,100 over 8y, 0.7% of budgetCOLORADO SKIES ACADEMY: $675,000 over 3y, 9.3% of budgetTeens-In-Flight Inc: $668,700 over 8y, 53% of budgetLAKELAND AERO CLUB INC: $606,167 over 4y, 65% of budgetReno Air Racing Association Inc: $430,000 over 5y, 4.1% of budgetALZHEIMERS SUPPORT NETWORK INC: $400,000 over 8y, 8.5% of budgetFLIGHT FOUNDATION: $338,680 over 6y, 31% of budgetTHE HERITAGE FOUNDATION: $330,000 over 8y, 0.1% of budgetSTEM FLIGHTS: $300,000 over 4y, 62% of budgetHSU FAMILY EDUCATIONAL FOUNDATION INC: $297,250 over 4y, 14% of budgetTHE AVIATION HIGH SCHOOL EDUCATION FOUNDATION INC: $250,000 over 1y, 100% of budgetThe LeRoy W Homer Jr Foundation: $180,000 over 6y, 34% of budgetTHE HOLOCAUST MUSEUM & EDUCATION CENTER OF SOUTHWEST FLORIDA INC: $150,000 over 3y, 4.6% of budgetChildren's Hospital Colorado Foundation: $140,000 over 3y, 0.1% of budgetWILLIAMSBURG AVIATION SCHOLARSHIP PROGRAM: $125,000 over 1y, 60% of budgetKETTLE MORAINE YOUTH AVIATION INC: $112,000 over 2y, 30% of budgetUNIVERSITY OF COLORADO FOUNDATION: $100,000 over 1y, 0.0% of budgetASPIRING AVIATORS AERO CLUB INC: $78,793 over 2y, 64% of budgetAble Flight Inc: $75,000 over 1y, 23% of budgetHILLER AVIATION INSTITUTE: $60,000 over 3y, 0.7% of budgetSOARING FLIGHT EDUCATION ASSOCIATION: $50,000 over 2y, 88% of budgetCONNECTICUT AERONAUTICAL HISTORICAL ASSOCIATION INC: $50,000 over 1y, 2.3% of budgetJacksonville University: $30,000 over 1y, 0.0% of budgetALOFT: $25,200 over 2y, 10% of budgetFARGO AIR MUSEUM: $25,000 over 1y, 3.0% of budgetWEST MICHIGAN AVIATION ACADEMY FOUNDATION: $25,000 over 1y, 2.0% of budgetEAGLE SPORT AVIATION CLUB INC: $20,000 over 1y, 23% of budgetNAPLES ART ASSOCIATION INC: $20,000 over 2y, 0.9% of budgetUPWIND FOUNDATION INC: $16,500 over 1y, 11% of budgetPREFLIGHT AVIATION CAMP INC: $15,000 over 1y, 17% of budgetTIGERFLIGHT FOUNDATION INC: $10,000 over 1y, 13% of budgetSALIDA SENIOR CITIZENS INC DBA SALIDA COMMUNITY CENTER: $10,000 over 1y, 9.0% of budgetNORTH NAPLES EDUCATION CENTER INC: $8,945 over 1y, 1.3% of budgetColorado Farm to Table Inc: $5,000 over 1y, 2.8% of budgetCITIZENS FOSTER CARE REVIEW BOARD: $5,000 over 1y, 81% of budget
Grantee by grantee: a decade per organization, before and after funding

A decade per grantee: revenue shaded, grants as bars, all rows on one timeline.

  • Who funds UND Aerospace Foundation ↗
  • Who funds EXPERIMENTAL AIRCRAFT ASSOCIATION INC ↗
  • Who funds EAA AVIATION FOUNDATION INC ↗
  • Who funds WINGS OVER THE ROCKIES AIR & SPACE MUSEUM ↗
  • Who funds AEROSPACE CENTER FOR EXCELLENCE INC ↗
  • Who funds THE COMMEMORATIVE AIR FORCE ↗
  • Who funds THE IMMOKALEE FOUNDATION INC ↗
  • Who funds CIVIL AIR PATROL FOUNDATION INC ↗
  • Who funds PEARL HARBOR AVIATION MUSEUM ↗
  • Who funds Southeastern Guide Dogs Inc ↗
  • Who funds COLLIER COMMUNITY FOUNDATION INC ↗
  • Who funds COLORADO SKIES ACADEMY ↗
  • Who funds Teens-In-Flight Inc ↗
  • Who funds LAKELAND AERO CLUB INC ↗
  • Who funds Reno Air Racing Association Inc ↗
  • Who funds ALZHEIMERS SUPPORT NETWORK INC ↗
  • Who funds FLIGHT FOUNDATION ↗
  • Who funds THE HERITAGE FOUNDATION ↗
  • Who funds STEM FLIGHTS ↗
  • Who funds HSU FAMILY EDUCATIONAL FOUNDATION INC ↗
  • Who funds THE AVIATION HIGH SCHOOL EDUCATION FOUNDATION INC ↗
  • Who funds The LeRoy W Homer Jr Foundation ↗
  • Who funds THE HOLOCAUST MUSEUM & EDUCATION CENTER OF SOUTHWEST FLORIDA INC ↗
  • Who funds AVIATION EDUCATION FOUNDATION ↗
  • Who funds Children's Hospital Colorado Foundation ↗
  • Who funds WILLIAMSBURG AVIATION SCHOLARSHIP PROGRAM ↗
  • Who funds KETTLE MORAINE YOUTH AVIATION INC ↗
  • Who funds UNIVERSITY OF COLORADO FOUNDATION ↗
  • Who funds ASPIRING AVIATORS AERO CLUB INC ↗

Co-funders

Grantmakers whose grantees overlap with this funder’s far more than size alone predicts. Closer means stronger alignment; arcs show where they also fund each other. Here they form a tightly interlocked group: most of these funders back each other's grantees too.

Si Robin FoundationCA17.9× affinity6 shared granteesties to 10 of 11Hover any node to trace its alignments.Compare side by side →

Open a dossier: Si Robin Foundation · Emil Buehler Perpetual Trust · Clay Lacy Foundation · Collier Community Foundation Inc · Ge Aerospace Foundation · The Ayco Charitable Foundation · National Philanthropic Trust · Gs Donor Advised Philanthropy Fund for Wealth Management Inc · Vanguard Charitable Endowment Program · American Endowment Foundation · Morgan Stanley Global Impact Funding Trust Inc · Paypal Charitable Giving Fund

How this is measured
Affinity is a Gamma-Poisson posterior co-funding rate, re-centered on the typical rate, so thin evidence shrinks toward no signal. Overlap is association, not proof of shared intent.

How much its grantees rely on government

Each dot is one organization Ray Foundation Inc funds: left to right is the share of its income from government, bottom to top the share from Ray Foundation Inc. Bigger dots raise more.

2024
’20’21’22’23’24’25
no gov · 70%6%25%56%100%funder's share of their income ↑0%13%25%38%50%share of the org’s income from government →median 0%
  • Jacksonville University: 3% of income from government
  • Southeastern Guide Dogs Inc: 0% of income from government
  • North Naples Education Center Inc: 0% of income from government
no gov moneyreceives it· size = income
7get no government money at all
10report government grants on their 990 we could not trace to a source (not plotted)
0rely on government for over half their income
⤢ axis zoomed · 0–50%
typical government reliance, FY20–25
How this is measured
Government income is each org’s traced federal awards (USASpending grants and contracts) plus state payments (open checkbooks) as a share of its total revenue (IRS Form 990); the self-reported government-grant line (990 line 1e) is carried for cross-check: a grantee that reports government grants we could not trace to a source is left off the chart rather than shown as receiving none. An association, not a claim that a grant caused the public funding. Coverage is precision-first, a floor rather than a census; state records exist for 9 states, so a grantee outside them shows no state figure (dimmed) rather than a false zero. Federal award amounts are obligations, which can span years, so a single-year share is indicative. 990 filings lag 12 to 24 months.
05Through Plinth

Warm introductions · Powered by PlinthPlus

How do I get to Ray Foundation Inc?

Find your warmest path to Ray Foundation Inc through trustees and officers whose names appear on both boards. Search for your organization and Plinth traces the shortest route it can evidence.

Each link is a name appearing on two organizations’ public IRS 990 filings, matched on that name and, where the filings support it, on location. A same-state match has geographic support, which is a second matching feature rather than confirmation that the two are one person; a cross-state one is the likeliest to be two people who share a name. Every hop shows its tier, low-confidence and distant paths are held back rather than guessed, and it is worth confirming the person before you use the introduction.

On method. Every financial figure here is read from IRS e-file XML, the funder’s own 990/990-PF, and from the multi-year returns of the 99 grantees we resolved, each linked to its source. Grantee outcomes are each organization’s own program-service reporting (Form 990, Part III), read as association with funding, never as caused by it. Low-confidence name matches are suppressed rather than guessed. How we build these →

How this is measured
Each figure carries one of six labels. Filed is what the funder reported on its return. Official is another government record about an organization, such as a federal award or a charity register, joined by name where no shared identifier exists. Resolved is an identity we worked out where the filing named a recipient without an EIN, kept only above a measured confidence threshold. Computed is arithmetic over those, like themes, portfolio clusters and co-funder strength. Context is a statistic about a place rather than about an organization, which is what the need overlay is: it describes the area a grantee’s address sits in, not where its work lands. Inferred is drawn by a model from text, like the partnerships read out of public news and organization websites. Each is labeled where it appears.

Generated from the IRS Form 990-PF e-file return for fiscal year 2025, released 2025. Filings run roughly 12 to 24 months behind; figures are dated accordingly.

Source object · view filing

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