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Rainwater Charitable Foundation

Tax-deductible

Fort Worth, TX501(c)(3)Foundations & GrantmakersEIN 80-0870036Revenue $85.2M in FY2024

On file with the IRSrainwatercharitablefoundation.org777 Main St Ste 2250, 76102-5308 · Fort Worth, TXTax-exempt since Sep 2014Private non-operating foundation

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501(c)(3) charity; gifts are tax-deductible.
$2.6M paid to officers and key staff.
Status: IRS Pub. 78 · Pay: Part VII

Before you give

FY2024 · Form 990-PFIndependent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990-PF
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
1 of 5
filings with a surplus
Average deficit $19.7M a year · 49% of revenue · last 5 filings
Concern: a surplus in 1 of the last 5 filings.
990-PF Pt I · 5 filings
Pay to officers and key staff
$2.6M
to officers and key staff · 5% of spending
Looks good: pay to officers and key staff is 5% of spending; 15% or less.
990-PF Pt VIII
Cash reserves
15 mo
of spending, in cash
Looks good: 15.0 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
990-PF Pt II
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$85.2M
+194% vs prior year
Spent
$57.5M
Net assets
$931.4M
By yearFY2020–FY2024
Revenue
$85.2M
FY2024▲ +194%
Tap a bar for its year
Revenue by fiscal year
FY2020$30.8M
FY2021$46.3M
FY2022$12.0M
FY2023$28.9M
FY2024$85.2M
Expenses
$57.5M
FY2024▲ +9%
Tap a bar for its year
Expenses by fiscal year
FY2020$52.9M
FY2021$67.0M
FY2022$71.9M
FY2023$52.6M
FY2024$57.5M
Net assets
$931.4M
FY2024▲ +6%
Tap a bar for its year
Net assets by fiscal year
FY2020$866.5M
FY2021$856.9M
FY2022$854.5M
FY2023$881.1M
FY2024$931.4M

From the FY2024 Form 990 · figures checked against the IRS filing · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Sep 2014.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

What each dollar paid for.

Grants & contributions paid 76% · $43.6M Operating & administrative 24% · $13.9M

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

8 people listed on the 990-PF; $2.6M paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2021); the FY2024 filing did not itemize Part VII
Randolph Kim
CIO and Investment Manager
$865,146Pt VII · Sec A
Jeremy Smith
President & Executive Director
$621,811Pt VII · Sec A
Melissa Parrish
Executive VP and CFO
$495,875Pt VII · Sec A
Susan E Montgomery
VP/ Controller/ Tax Director
$260,915Pt VII · Sec A
$185,154Pt VII · Sec A
$105,803Pt VII · Sec A
$105,803Pt VII · Sec A
$0Pt VII · Sec A
See Rainwater Charitable Foundation executive salaries →

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Programs and updates

A private foundation based in Fort Worth, TX.

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Provided by the organization

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Grants and how to apply

Who it funds, and how to ask.

Who They Fund

Part XV · grants paid · 320 grants · $43.6M · 2024–2024
Tarrant to & Through (t3)FY2024$3,316,667
Life Outreach InternationalFY2024$3,000,000
Fort Worth Community Land TrustTX · FY2024$2,000,000
CitysquareTX · FY2024$2,000,000
Alzheimer's AssociationFY2024$1,866,160
North Texas Community FoundationFY2024$1,612,215
Texas Wesleyan UniversityTX · FY2024$888,800
Rhode Island Hospital FoundationRI · FY2024$857,214
Transformative Education for Adults INCTX · FY2024$600,000
North Texas Community FoundationFY2024$500,000
Christian Relief FundTX · FY2024$500,000
Christian Relief FundTX · FY2024$500,000
Cornerstone Assistance Network INCTX · FY2024$475,000
Individual RecipientFY2024$450,000
The Mentoring AllianceTX · FY2024$400,000
Gary Patterson Foundation DBA the Big GoodFY2024$342,466
Fort Worth Junior Golf Foundationthe First Tee of Fort WorthFY2024$325,000
Bridge2rwanda INCAR · FY2024$325,000
See all 320 grants →

Grantmaking Profile

Patterns in foundation giving
Distinct granteesPart XV117
Average grantPart XV$136K
Median grantPart XV$50K
Largest grantPart XV$3.3M
Top cause focusNTEEEducation (10%)

By the numbers

The FY2024 990-PF, line by line.

Download 990
from philanthropy.org
1The main four
Money in
$85.2M
Investment income$45.9M
Other income$39.3M
Money out
$57.5M
Grants paid$43.6M
Running costs$13.9M
Owns and owes
$931.4M
net assets
Cash and savings$72.0M
Total assets$931.4M
Liabilities$0
People
8
listed
Paid7
2In more detail
Revenue in detail
Investment income$45.9M
Other income$39.3M
Total revenue$85.2M
Assets in detailEnd of year
Cash and savings together$72.0M
Total assets$931.4M
Liabilities$0
Net assets$931.4M
Operations
Fiscal year endsDecember

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $85.2M$57.5M$27.7M$931.4M 990 PDF
FY2023 $28.9M$52.6M−$23.7M$881.1M 990 PDF
FY2022 $12.0M$71.9M−$59.9M$854.5M 990 PDF
FY2021 $46.3M$67.0M−$20.7M$856.9M 990 PDF
FY2020 $30.8M$52.9M−$22.0M$866.5M 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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