Paula and Rodger Riney Foundation

About

THE FOUNDATION'S START-UP PERIOD IS 2018-2021. AS OF 12/31/20, THE FOUNDATION'S START-UP PERIOD DISTRIBUTABLE AND MINIMUM AMOUNTS WERE: 2018 $ 890,859 X 20% = $ 178,172 2019 $8,200,014 X 40% = $ 3,280,006 2020 $8,108,508 X 60% = $ 4,865,105 2021 $6,917,393 X 80% = $ 5,533,914 (PER ON 2020 990PF) TOTAL $13,857,197START-UP PERIOD MINIMUM AMOUNTS MUST BE DISTRIBUTED BEFORE THE END OF THE START-UP PERIOD, BUT THERE IS NOT A REQUREIMENT THAT ANY PORTION OF SUCH AMOUNT BE DISTRIBUTED IN ANY ONE TAXABLE YEAR OF THE START-UP PERIOD. THE FOUNDATION'S ACTUAL PAYMENTS MADE IN CASH FOR EXEMPT PURPOSES DURING THE START-UP PERIOD ARE AS FOLLOWS: 2018 $ 1,017,000 2019 $ 9,045,023 2020 $ 5,642,045 TOTAL $15,704,068 THE FOUNDATION'S ACTUAL DISTRIBUTED AMOUNT EXCEEDS THE START-UP PERIOD MINIMUM AMOUNT. TREAS. REG. 53.4942(A)-3(B)(3) AND (4) PROVIDE THE CASH-DISTRIBUTION TEST AND START-UP PERIOD GUIDANCE, RESPECTIVELY. THE FOUNDATION HAS MET THE ACTUAL DISTRIBUTION REQUIREMENT FOR THE START-UP PERIOD. THE FOUNDATION DESIRES TO FUND A PROJECT WHICH WILL FURTHER RESEARCH IN, ADVANCE THE SEARCH FOR CURES FOR, AND ENHANCE THE PREVENTION OF MULTIPLE MYELOMA. THE SPECIFIC PROJECT WOULD NOT BE COMPLETED BY THE END OF THE TAXABLE YEAR IN WHICH THE SET-ASIDE WAS TO BE MADE (2020). THE AMOUNT SET-ASIDE FOR THIS PROJECT IS ANTICIPATED TO BE ACTUALLY PAID WITHIN A TWELVE MONTH PERIOD, BUT NO MORE THAN 60 MONTHS AFTER THE DATE OF THE SET-ASIDE.

Focus Areas

Financial Trends

Grant Size Distribution

Based on 71 grants on record

Geographic Distribution

Grants Awarded (71 total)