RISE8 Foundation
Preselected recipients only
RISE8 Foundation is a private foundation in Hunt Valley, Maryland. In tax year 2024 it gave $15.3 million in 16 grants; the typical grant was $205,000 and the largest $10.3 million. 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$15.3 million
- Number of grants16
- Typical grant$205,000
- Largest grant$10.3 million
- Assets$342 million
- New grantees31%
Giving in 2024 was down from $19.2 million the year before.
31% 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 | $19.2 million | 21 | $301 million |
| 2024 | $15.3 million | 16 | $342 million |
How to apply
RISE8 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.
What RISE8 Foundation funds
Where it gives
Its US grants went to recipients in 8 states, the most to Pennsylvania. It also paid $600,000 in 1 grant to recipients outside the US.
| State | Grants | Amount |
|---|---|---|
| Pennsylvania | 1 | $10.3 million |
| California | 4 | $2.8 million |
| New York | 5 | $491,000 |
| District of Columbia | 1 | $333,000 |
| Delaware | 1 | $250,000 |
| Massachusetts | 1 | $250,000 |
| Connecticut | 1 | $210,000 |
| Utah | 1 | $66,666 |
Grants paid in 2024
| Recipient | Purpose | Amount |
|---|---|---|
| National Philanthropic Trust | General support | $10.3 million |
| Khan Academy Inc | General support | $2.3 million |
| Asia Community Foundation LTD | General support - u.s. Public charity equivalency determination | $600,000 |
| Commonlit Inc | General support | $333,000 |
| Talkingpoints | General support | $333,000 |
| Postsecondary Commission | General support | $250,000 |
| Rocket Learning Foundation | General support | $250,000 |
| All Our Kin Inc | General support | $210,000 |
| Empirical Resolution Inc | General support | $200,000 |
| The Trustees of Columbia University | General support | $175,000 |
| Tiger Foundation | See expenditure responsibility statement no. 1 | $100,000 |
| Imagine Worldwide | General support | $100,000 |
| Waterford Institute Inc | General support | $66,666 |
| Foundation for Promotion Sports and Games | General support | $50,000 |
| Pennys Flight Foundation Inc | General support | $15,000 |
| Degregorio Family Foundation Inc | General support | $1,000 |
Officers and trustees
- Feroz Dewan
- Erica Dewan
Questions people ask
Does RISE8 Foundation accept grant applications?
No. Its IRS filing says it only makes contributions to preselected organizations.
How much does RISE8 Foundation give?
$15.3 million in tax year 2024, across 16 grants, with a typical grant of $205,000.
Who runs RISE8 Foundation?
Its 2024 filing lists Feroz Dewan (Trustee) and Erica Dewan (Trustee).
What does RISE8 Foundation fund?
Based on its grants, mainly education.