RAY FOUNDATION
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About
THE FOUNDATION IS TERMINATED EFFECTIVE NOVEMBER 1, 2023 WHEN THE BOARD OF TRUSTEES INITIATED THE PLAN TO TERMINATE RAY FOUNDATION. ALL REMAINING ASSETS, WHICH WERE LIMITED TO CASH BALANCES, WERE DISTRIBUTED TO ANIMAL FRIENDS ALLIANCE, A QUALIFYING EXEMPT ORGANIZATION, RESULTING IN A TERMINATION UNDER IRC SECTION 507(B)(1)(A). FOR MORE INFORMATION ON THE RECIPIENT OF ASSETS, PLEASE SEE THE DISSOLUTION STATEMENT. THE FINAL DISTRIBUTION OF NET ASSETS TOOK PLACE ON DECEMBER 18, 2023 WHEN THE FOUNDATION MADE A BANK CHECK OUT TO ANIMAL FRIENDS ALLIANCE FOR THE REMAINING BALANCE IN THE ACCOUNT. IN ADDITION, THE FOUNDATION IS ANTICIPATING A REFUND ON THE 2022 SHORT-PERIOD FINAL FORM 990-PF FOR OVERPAYMENT OF TAX LIABILITES. THE FOUNDATION INTENDS TO DISTRIBUTE THE REFUND TO ANIMAL FRIENDS ALLIANCE, A QUALIFYING ORGANIZATION, ONCE IT IS RECEIVED AND WILL CLOSE THE BANK ACCOUNT AFTER THE DISTRIBUTION.
Focus Areas
Application Information
Financial Trends
Giving Over Time
Total Assets Over Time
View financial data as table
| Year | Total Giving | Total Assets | Revenue | Grants |
|---|---|---|---|---|
| 2018 | N/A | $5.0M | $492K | N/A |
| 2019 | N/A | $5.2M | $166K | N/A |
| 2020 | N/A | $5.2M | $85K | N/A |
| 2023 | $442K | $0 | $1K | 14 |
Grant Size Distribution
Based on 14 grants on record
Geographic Distribution
Key Personnel
| Name | Title | Compensation |
|---|---|---|
| PETER W BULLARD | TRUSTEE | $18K |
| JAY D ROSENBLUM | TRUSTEE | $4K |
| DAVID J HAJNY | TRUSTEE | $3K |
| TERRY E BOLACK | TRUSTEE | — |
Grants Awarded (14 total)
| Recipient | Location | Amount | Purpose | Year |
|---|---|---|---|---|
| LARIMER COUNTY PARTNERS INC | FORT COLLINS, CO | $60,000 | GRANT FOR ENDOWMENT FUND DEPOSIT | 2023 |
| THE GREELEY DREAM TEAM | GREELEY, CO | $45,000 | GRANT FOR ENDOWMENT FUND DEPOSIT | 2023 |
| BOYS AND GIRLS CLUBS OF WELD COUNTY | GREELEY, CO | $40,000 | GRANT FOR ENDOWMENT FUND DEPOSIT | 2023 |
| SEXUAL ASSAULT VICTIM ADVOCATE CENTER | FORT COLLINS, CO | $40,000 | GRANT FOR ENDOWMENT FUND DEPOSIT | 2023 |
| ANIMAL FRIENDS ALLIANCE | FORT COLLINS, CO | $35,357 | GRANT FOR ENDOWMENT FUND DEPOSIT | 2023 |
| WELD FOOD BANK | GREELEY, CO | $33,000 | GRANT FOR ENDOWMENT FUND DEPOSIT | 2023 |
| FOOD BANK FOR LARIMER COUNTY | LOVELAND, CO | $33,000 | GRANT FOR ENDOWMENT FUND DEPOSIT | 2023 |
| HOMEWARD ALLIANCE INC | FORT COLLINS, CO | $33,000 | GRANT FOR DEPOSIT IN QUASI-ENDOWMENT RESERVE FUND | 2023 |
| PROJECT SELF-SUFFICIENCY | LOVELAND, CO | $33,000 | GRANT FOR ENDOWMENT FUND DEPOSIT | 2023 |
| COURT APPOINTED SPECIAL ADVOCATE INC | FORT COLLINS, CO | $22,500 | GRANT FOR ENDOWMENT FUND DEPOSIT | 2023 |
| BOYS AND GIRLS CLUBS OF LARIMER COUNTY | FORT COLLINS, CO | $21,480 | GRANT FOR ENDOWMENT FUND DEPOSIT | 2023 |
| COLORADO YOUTH OUTDOORS | FORT COLLINS, CO | $20,700 | GRANT FOR ENDOWMENT FUND DEPOSIT | 2023 |
| FINALLY HOME | FORT COLLINS, CO | $15,000 | GRANT FOR ENDOWMENT FUND DEPOSIT | 2023 |
| CHILDSAFE COLORADO INC | FORT COLLINS, CO | $10,320 | GRANT FOR CHILDSAFE CAPITAL CAMPAIGN | 2023 |