The Raether Family Charitable Trust
The Raether Family Charitable Trust is a private foundation based in West Palm Beach, Florida. Established in 1985 and granted tax-exempt status in June 1987, the trust operates as a non-operating foundation with a focus on philanthropic giving across multiple sectors.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$38.5M
-11.6% YoY
Annual Giving
$7.3M
+12.9% YoY
Grant Count
62
+1.6% YoY
Avg Grant Size
$117K
+11.1% YoY
Mission & Focus Areas
The foundation does not maintain a publicly disclosed mission statement. However, its grantmaking priorities include:
- Education (primary focus)
- Healthcare
- Human Services
- Youth Development (including Boys & Girls Clubs)
- Philanthropy, Voluntarism & Grantmaking
Grantmaking
The foundation made 69 grants in 2024, totaling approximately $7.3 million. Notable recent grants include:
Grant Range
$100 to $4,600,000
Average Grant
amounts vary significantly due to occasional major gifts
How to Apply
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Geographic Focus
Where this funder awards grants
The foundation has a national reach across 23 U.S. states, with primary concentration in:
- New York
- Florida
- Connecticut
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
As of Fiscal Year Ending November 2024:
- Total Assets: $38,457,258
- Total Giving: $7,256,142
- Total Revenues: $4,194,832
- Total Expenses: $9,246,822
- Investment Income and Dividends: $294,026
Historical Giving: The foundation has awarded 192 grants totaling approximately $17.97 million across its history.
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $38,457,258 | $43,509,248 | $50,330,091 |
| Revenue | $4,194,832 | $2,832,737 | $6,295,518 |
| Expenses | $9,246,822 | $9,653,580 | $7,823,437 |
| Qualifying Distributions | $7,556,640 | $6,814,273 | $5,397,954 |
| Net Investment Income | $2,165,896 | $1,993,740 | $6,258,734 |
| Distributable Amount | $2,531,811 | $2,610,414 | $2,917,389 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
Grant Size Distribution
250 grants across all recorded years
Giving History
Grant recipients and amounts by year
No grants recorded for .
Leadership & Key People
Leadership team and compensation from IRS filings
Trustees:
- Mr. Paul E. Raether
- Ms. Wendy S. Raether
Paul E. Raether is the founder of the trust and a former partner at KKR, having joined the firm in 1980.
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| PAUL E RAETHER | TRUSTEE | — | — |
| WENDY S RAETHER | TRUSTEE | — | — |
| ELISSA RAETHER KOVAS | TRUSTEE | — | — |
| ALEXA RAETHER MADDOCK | TRUSTEE | 0.1 | $10,000 |
| CARA RAETHER CAREY | TRUSTEE | 0.1 | $10,000 |
Contact Information
Address: 505 S Flagler Drive, Suite 900 West Palm Beach, FL 33401
The foundation does not maintain a public website or publicly available phone number and email contact information.
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Data last updated April 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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