The Frank and Margaret Race Foundation Inc
Preselected recipients only
The Frank and Margaret Race Foundation Inc is a private foundation in Cedar Rapids, Iowa. In tax year 2024 it gave $59,653 in 7 grants; the typical grant was $8,000 and the largest $12,000. It only gives to organizations it selects itself and does not accept unsolicited applications.
From its IRS Form 990-PF for tax year 2024.
- Grants paid, 2024$59,653
- Number of grants7
- Typical grant$8,000
- Largest grant$12,000
- Assets$3.1 million
- New grantees29%
Giving in 2024 was up from $59,080 the year before.
29% of its 2024 grantees had not received a grant from it the year before, a mix of repeat and new grantees.
Giving by year
| Tax year | Grants paid | Number of grants | Assets |
|---|---|---|---|
| 2023 | $59,080 | 11 | $2.5 million |
| 2024 | $59,653 | 7 | $3.1 million |
How to apply
The Frank and Margaret Race Foundation Inc 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.
What The Frank and Margaret Race Foundation Inc funds
Where it gives
Its grants went to recipients in 6 states, the most to Texas.
| State | Grants | Amount |
|---|---|---|
| Texas | 2 | $18,500 |
| California | 1 | $12,000 |
| Missouri | 1 | $12,000 |
| Kansas | 1 | $8,000 |
| Indiana | 1 | $5,000 |
| Colorado | 1 | $4,153 |
Grants paid in 2024
| Recipient | Purpose | Amount |
|---|---|---|
| All Nations Family | General support | $12,000 |
| Standing Stone Ministry | Pastoral counseling | $12,000 |
| Ywam | General support | $12,000 |
| Pioneer Bible Translators | Bible translation | $8,000 |
| One for Israel | General support | $6,500 |
| Preborn Abortion Alternative | General support | $5,000 |
| Christian Church of Estes Park | General support | $4,153 |
Officers and trustees
- Joseph R Russo
- Alan Brinkman
- Dawn McDaniel
- Susie Harrison
- Toni Bain
Questions people ask
Does The Frank and Margaret Race Foundation Inc accept grant applications?
No. Its IRS filing says it only makes contributions to preselected organizations.
How much does The Frank and Margaret Race Foundation Inc give?
$59,653 in tax year 2024, across 7 grants, with a typical grant of $8,000.
Who runs The Frank and Margaret Race Foundation Inc?
Its 2024 filing lists Joseph R Russo (President), Alan Brinkman (Sec'y/Treas), Dawn McDaniel (Board Member) and Susie Harrison (Board Member) among 5 officers and trustees.
What does The Frank and Margaret Race Foundation Inc fund?
Based on its grants, mainly faith communities.