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Foundations / Illinois

Rise Opportunity Foundation

Preselected recipients only Chicago, Illinois · EIN 854212779

Rise Opportunity Foundation is a private foundation in Chicago, Illinois. In tax year 2024 it gave $535,000 in 2 grants; the typical grant was $267,500 and the largest $500,000. It only gives to organizations it selects itself and does not accept unsolicited applications.

From its IRS Form 990-PF for tax year 2024.

Giving in 2024 was the same as $535,000 the year before.

0% of its 2024 grantees had not received a grant from it the year before, so most of its money goes to organizations it already funds.

Giving by year

Tax yearGrants paidNumber of grantsAssets
2023$535,0002$327,964
2024$535,0002$258,086

How to apply

Rise Opportunity Foundation says in its IRS filing that it only makes contributions to preselected organizations, so unsolicited applications are unlikely to be considered. Organizations it funds are usually invited.

IRS filings on ProPublica

What Rise Opportunity Foundation funds

Where it gives

Its grants went to recipients in 2 states, the most to Tennessee.

StateGrantsAmount
Tennessee1$500,000
New York1$35,000

Grants paid in 2024

All 2 grants
RecipientPurposeAmount
Fisk University
Nashville, TN
General support$500,000
Spencer Educational Foundation Inc
Newyork, NY
General support$35,000

Officers and trustees

As listed in Part VIII of the 2024 filing.

Questions people ask

Does Rise Opportunity Foundation accept grant applications?

No. Its IRS filing says it only makes contributions to preselected organizations.

How much does Rise Opportunity Foundation give?

$535,000 in tax year 2024, across 2 grants, with a typical grant of $267,500.

Who runs Rise Opportunity Foundation?

Its 2024 filing lists Patrick Phillips (President/Ceo), Patrick G Ryan (Director/Chairman/Treasurer), Shirley W Ryan (Director/Secretary) and Mary Ignell (Assistant Treasurer) among 5 officers and trustees.

What does Rise Opportunity Foundation fund?

Based on its grants, mainly education.

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