Irving S Ray & Ada H Ray Memorial Fund
PORTLAND, ME EIN: 01-6059686
Financial Overview
From 2024 IRS Form 990-PF
Total Assets
$404K
+2.1% YoY
Annual Giving
$36K
+1.1% YoY
Grant Count
5
+0.0% YoY
Avg Grant Size
$7K
+1.1% YoY
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Financial History
Multi-year comparison from IRS filings
Revenue
Expenses
Qualifying Distributions
Net Investment Income
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $403,837 | $395,620 | $414,562 |
| Revenue | $55,619 | $26,996 | $28,188 |
| Expenses | $47,480 | $45,963 | $50,918 |
| Qualifying Distributions | $35,959 | $35,753 | $39,982 |
| Net Investment Income | $44,291 | $16,185 | $18,606 |
| Distributable Amount | $39,925 | $36,157 | $36,457 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 5 recipients in 2024
Grant Size Distribution
25 grants across all recorded years
Giving History
Grant recipients and amounts by year
No grants recorded for .
Who else does Irving S Ray & Ada H Ray Memorial Fund fund?
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Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| HM PAYSON CO | TRUSTEE | 1 | $10,626 |
| John S Beliveau | TRUSTEE | 1 | — |
| David R Hines | TRUSTEE | 1 | — |
Geographic Focus
Where this funder has awarded grants
Grant Distribution by State
Maine $146K (84%)
Florida $17K (10%)
Georgia $11K (6%)
Cities
AtlantaBangorBar HarborEllsworthProspect HarborTampa
Data last updated March 2026. Sourced from IRS Form 990-PF filings.
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