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The Ravengate Foundation at a glance

· Private foundation

The Ravengate Foundation

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.

$80k
Granted FY2025still arriving
6
Grants FY2025still arriving
2
States reached
$35k
Largest
01What it fundsRead
02The needRead
03Its granteesRead
04Its fieldRead
01What it funds
0180% classified

What it funded, over time

Every grant placed by its stated purpose and the recipient’s mission, by year, FY2017 to 2025.

Health$536kEducation$318kArts & Culture$242kReligion$18kPhilanthropy$5kInternational$500Other$0
02FY2025 · 6 grants

Where the money goes

Grants by size, and the largest recipients.

By grant size · FY2025

  • Under $10k4 grants · $15k
  • $10k–50k2 grants · $65k
$5,000
Median grant
2
States reached
$1.1M
Total assets
Largest grants
RecipientAmount
Glimmerglass Opera Inc$35,000
Avon Theatre$30,000
The King's Trust USA$5,000
St Luke's School$5,000
Anchor Health Initiative$2,500
Salt Marsh Opera$2,000
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:

Dollar for dollar, its grants (FY17–25) land where the poverty rate runs at 10%, against an area that typically sits at 15%. 7% of its dollars go to grantees based in above-average-need neighborhoods. Its grants skew toward lower-need ZIPs.

area typical 15%St Scholastica Priory: $6k → 11%Boston University: $20k → 16%Drexel University: $20k → 22%Glimmerglass Opera Inc: $35k → 13%The King's Trust USA: $5k → 17%Salt Marsh Opera: $20k → 9%St Luke's School: $30k → 9%Elon University: $60k → 13%Ocean Community United: $30k → 7%Kweto Faraja Inc: $500 → 15%St Mary's Monasery: $5k → 11%Boston University: $20k → 16%Glimmerglass Opera Inc: $25k → 13%Salt Marsh Opera: $9k → 9%St Luke's School: $5k → 9%Elon University: $60k → 13%Ocean Community United: $20k → 7%St Mary's Monasery: $5k → 11%Boston University: $13k → 16%Glimmerglass Opera Inc: $15k → 13%Salt Marsh Opera: $2k → 9%Anchor Health Initiative: $455k → 9%Elon University: $30k → 13%Ocean Community United: $20k → 7%St Scholastica Priory: $5k → 11%Anchor Health Initiative: $70k → 9%Elon University: $30k → 13%Ocean Community United: $20k → 7%St Scholastica Priory: $5k → 11%Anchor Health Initiative: $3k → 9%Elon University: $30k → 13%St Mary's Monasery: $5k → 11%Avon Theatre: $30k → 9%St Mary's Monasery: $5k → 11%Bruce Museum: $9k → 9%St Scholastica Priory: $5k → 11%Greenwich Hospital: $8k → 9%Bruce Museum: $7k → 9%YMCA Greenwich: $5k → 9%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.
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.

94%of every dollar goes to organizations it has funded before.
$1.1M · 12 repeat orgs$69k to everyone else

Grantees it renews have grown median revenue +26% since the first grant, against +8% for those funded once.

12 repeat relationships: 4 still active in FY2025, 8 since wound down; 2 grantees were first funded in FY2025 (too recent to call).

How the two cohorts compare

Re-uppedFunded once

Organizations

12
4

Total granted

$1.1M
$34k

Median revenue growth · since first grant

+26%
+8%

Still filing today

67%
75%

New vs renewed · share of each year

In FY2025, 56% of grant dollars renewed an existing relationship; $35k went to new ones.

50%100%’17’18’19’20’21’22’23’25
RenewedFirst-time

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

’17’18’19’20’21’22’23’25
Arts & CultureEducationHealthInternationalPhilanthropyOther
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

  • AH
    ANCHOR HEALTH INITIATIVE CORP
    3× · 2017–2025 · $528k · revenue ×39
  • Elon University
    5× · 2017–2023 · $210k · revenue +43%
  • GO
    GLIMMERGLASS OPERA THEATRE INC
    3× · 2017–2025 · $75k · revenue +26%

Funded once

  • DU
    DREXEL UNIVERSITY
    one grant, 2022 · $20k · revenue +8%
  • GH
    GREENWICH HOSPITALgraduated
    one grant, 2017 · $8k · revenue +52%
  • IG
    Individual grant recipient
    one grant, 2019 · $5k
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
University of New Haven

The University of New Haven is a student-centered comprehensive university with an emphasis on excellence in liberal arts and professional education. Our mission is to prepare our students to lead purposeful and fulfilling lives in a…

Education
2
Western New England University

Western new england university, a comprehensive private institution with a tradition of excellence in teaching and scholarship and a commitment to service, awards undergraduate, master's, and doctoral degrees in various departments from…

Education
3
Boston Architectural College

The bac is committed to provide excellence in design education grounded in practice and accessible to diverse communities.

—
4
Bentley University

Organization's mission bentley university believes good business can impact more than the bottom line - it can change the world. bentley is a community of future business leaders who will deliver value in the marketplace and lasting…

Education
5
Lehigh University

The university's goal in the coming decade is to advance learning through the integration of teaching, research and service to others. the core of this goal is to prepare graduates to engage with the world and lead lives of meaning. to do…

Education
6
Manhattanville University

To educate students to be ethical and socially responsible leaders in a global community.

Education
7
Massachusetts Institute of Technology

The mission of mit is to advance knowledge and educate students in science, technology, and other areas of scholarship that will best serve the nation and the world in the 21st century.

Education
8
Wentworth Institute of Technology Inc

Wentworth institute of technology is a nationally recognized private coeducational and residential university of higher education with a mission to empower, inspire and innovate through experiential learning with a core purpose of career…

Education
9
Albright College

As a diverse community of learners, we cultivate integrity, curiosity, connection and resilience.

Education
10
Stony Brook Urology University Faculty Practice Corporation

Provide clinical instruction to and supervision of medical school students, interns and residents and, incident thereto, rendering professional services.

Health
11
Stony Brook Ophthalmology University Faculty Practice Corporation

Provide clinical instruction to and supervision of medical school students, interns and residents and, incident thereto, rendering professional services.

Health
12
New York University

Nyu is a private university with approximately 60,000 matriculating students in 20 schools and institutes. nyu's primary missions are education, research and scholarship, and patient care.

Education
How this is measured
The grantee most central to the portfolio’s shape is The Ocean Community United Theatre Inc; the most unlike its peers is Greenwich Hospital. 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

12 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. 12 of the 18 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.

0
Load-bearing (≥25% of a budget)
1
Early backer (in before they grew)
12/12
Grantees still filing
8/12
Grew since first funded

Where the money sits, by cause and then by grantee

ANCHOR HEALTH INITIATIVE CORP: $527,500 · HealthANCHOR HEALTH INITIATIVE CORP+1 more: $8,000 · HealthElon University: $210,000 · EducationElon UniversityST LUKE'S FOUNDATION INC: $35,000 · EducationST LUKE'S FOUNDATION INCDREXEL UNIVERSITY: $20,000 · EducationDREXEL UNIVERSITYTHE OCEAN COMMUNITY UNITED THEATRE INC: $90,000 · Arts & CultureTHE OCEAN COMMUNITY …GLIMMERGLASS OPERA THEATRE INC: $75,000 · Arts & CultureGLIMMERGLASS OPERA T…Salt Marsh Opera Company: $30,526 · Arts & CultureSalt Marsh Opera Com…BRUCE MUSEUM INC: $16,360 · Arts & CultureBRUCE MUSEUM INCTRUSTEES OF BOSTON UNIVERSITY: $52,720 · OtherTRUSTEES OF BO…Avon Theatre: $30,000 · OtherAvon TheatreIndividual grant recipient: $21,000 · OtherIndividual gra…Individual grant recipient: $20,000 · OtherIndividual gra…St Benedict Abbey: $15,600 · OtherSt Benedict Ab…Individual grant recipient: $5,000 · Other+1 more: $2,000 · OtherTHE KING'S TRUST USA INC: $5,000 · PhilanthropyKWETU FARAJA INC: $500 · International
Health$535,500Education$265,000Arts & Culture$211,886Other$146,320Philanthropy$5,000International$500

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

25%50%75%100%$1.0M$10M$100Mgrantee revenue →↑ funder's share of their budgetANCHOR HEALTH INITIATIVE CORP: $527,500 over 3y, 11% of budgetElon University: $210,000 over 5y, 0.0% of budgetTHE OCEAN COMMUNITY UNITED THEATRE INC: $90,000 over 4y, 1.3% of budgetGLIMMERGLASS OPERA THEATRE INC: $75,000 over 3y, 0.3% of budgetTRUSTEES OF BOSTON UNIVERSITY: $52,720 over 3y, 0.0% of budgetST LUKE'S FOUNDATION INC: $35,000 over 2y, 0.1% of budgetSalt Marsh Opera Company: $30,526 over 3y, 5.8% of budgetDREXEL UNIVERSITY: $20,000 over 1y, 0.0% of budgetBRUCE MUSEUM INC: $16,360 over 2y, 0.1% of budgetGREENWICH HOSPITAL: $8,000 over 1y, 0.0% of budgetTHE KING'S TRUST USA INC: $5,000 over 1y, 0.1% of budgetKWETU FARAJA INC: $500 over 1y, 0.4% 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 ANCHOR HEALTH INITIATIVE CORP ↗
  • Who funds Elon University ↗
  • Who funds THE OCEAN COMMUNITY UNITED THEATRE INC ↗
  • Who funds GLIMMERGLASS OPERA THEATRE INC ↗
  • Who funds TRUSTEES OF BOSTON UNIVERSITY ↗
  • Who funds ST LUKE'S FOUNDATION INC ↗
  • Who funds Salt Marsh Opera Company ↗
  • Who funds DREXEL UNIVERSITY ↗
  • Who funds BRUCE MUSEUM INC ↗
  • Who funds GREENWICH HOSPITAL ↗
  • Who funds THE KING'S TRUST USA INC ↗
  • Who funds KWETU FARAJA 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.

Amica Companies Found…Renaissance Charitabl…American Endowment Fo…The Pfizer Foundation…Morgan Stanley Global…National Philanthropi…Vanguard Charitable E…Donor Advised Charita…Fidelity Investments …Amazonsmile Foundation
Amica Companies FoundationRI13.2× affinity4 shared granteesties to 9 of 9Hover any node to trace its alignments.Compare side by side →

Open a dossier: Amica Companies Foundation · Renaissance Charitable Foundation Inc · American Endowment Foundation · The Pfizer Foundation Inc · Morgan Stanley Global Impact Funding Trust Inc · National Philanthropic Trust · Vanguard Charitable Endowment Program · Donor Advised Charitable Giving Inc · Fidelity Investments Charitable Gift Fund · Amazonsmile Foundation

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 The Ravengate Foundation funds: left to right is the share of its income from government, bottom to top the share from The Ravengate Foundation. Bigger dots raise more.

2024
’20’21’22’23’24’25
no gov · 10%0%1%3%5%funder's share of their income ↑0%4%8%11%15%share of the org’s income from government →median 0%
  • Trustees of Boston University: 12% of income from government
  • Bruce Museum Inc: 0% of income from government
  • St Luke's Foundation Inc: 0% of income from government
  • Greenwich Hospital: 0% of income from government
no gov moneyreceives it· size = income
1get no government money at all
2report government grants on their 990 we could not trace to a source (not plotted)
0rely on government for over half their income
⤢ axis zoomed · 0–15%
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.

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 18 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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More from the funding graph

The unnamed billions
grants reported with no recipient in the public record
The regranting layer
51% of grant dollars land in the regranting layer
The DAF merry-go-round
$9.7B circulates between donor-advised funds
The endowment market
who holds foundation money, and what just moved
The camps
funders cluster by geography, not ideology
By state
where grant money is based, and what stays home