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Filing year 2024

RAFT CHARITABLE FOUNDATION

Sioux Falls, South Dakota·EIN 37-6439235·NTEE T20 · Philanthropy, Voluntarism & Grantmaking Foundations·501(c)(3)
Total revenue
$3.1M
Total assets
$22.6M
Total expenses
$1.8M
Reported officers
2

Executive compensation

Form 990-PF · Part VIII · 1 reported individual · Filing year 2024

Percentile bands compare each position's total pay with the same role at Philanthropy, Voluntarism & Grantmaking organizations in South Dakota.

Trustee
Board Member
Above 90th percentile
$184k
$197k

Teal figures restate each filed amount in 2026 dollars.

Estimated with BLS CPI-U for the Midwest region, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Plus 1 unpaid individual.

Browse compensation in Philanthropy, Voluntarism & Grantmaking

Pay in context

Top pay as a share of expenses

In 2024, the highest total compensation at RAFT CHARITABLE FOUNDATION equaled 10% of the organization's total expenses. The median for philanthropy, voluntarism & grantmaking organizations is 15%.

This organization (2024)
10%
Sector median
15%
Middle half of sector
5% to 24%

Based on 35,946 philanthropy, voluntarism & grantmaking organizations, each measured at its most recent filing year with reported expenses and compensation.

Grants paid

Itemized grants reported on this foundation's 2024 Form 990-PF, Part XV.

Total granted

$1.6M

Itemized grants

32

Median grant

$30k

RecipientLocationPurposeAmount
HAMLINE UNIVERSITY OF MINNESOTAST PAUL, MN100,000 UNRESTRICTED;$260k
MINNESOTA TEEN CHALLENGE INCMINNEAPOLIS, MN100,000 GENERAL FUND;$230k
THE SALVATION ARMY NORTHERN DIVISIONROSEVILLE, MNGENERAL OPERATING$100k
MANY RIVERS MONTESSORIDuluth, MNGENERAL OPERATING; BUILDING$100k
AMERICAN RED CROSSWASHINGTON, DCDULUTH-AREA SUPPORT;$100k
FIRST UNITED METHODIST CHURCH OF DULUTH FOUNDATIONDuluth, MNPASTOR'S FUND; GENERAL$50k
UNITED FUND OF CUMBERLAND INCCUMBERLAND, WIGENERAL OPERATING$50k
SCIENCE MUSEUM OF MINNESOTAST PAUL, MNGENERAL OPERATING$50k
MINNESOTA HISTORICAL SOCIETYST PAUL, MNGENERAL OPERATING$50k
MINNESOTA PUBLIC RADIOST PAUL, MNWSCN IN DULUTH$50k
Allina Health FoundationMinneapolis, MNCOURAGE-KENNEY$30k
FRIENDS OF THE HENNEPIN COUNTY LIBRARYMINNEAPOLIS, MNGENERAL OPERATING$30k
TWIN CITIES PUBLIC TELEVISION INCST PAUL, MNWDSE/WRPT IN DULUTH$30k
CHILDREN'S SHELTER OF CEBUSHOREVIEW, MNGENERAL OPERATING$30k
FRIENDS OF THE RAMSEY COUNTY LIBRARIESSHOREVIEW, MNGENERAL OPERATING$30k
Duluth Library FoundationDuluth, MNGENERAL OPERATING$30k
WASHINGTON COUNTY LIBRARYWOODBURY, MNGENERAL OPERATING$30k
FRIENDS OF THE ST PAUL PUBLIC LIBRARYST PAUL, MNGENERAL OPERATING$30k
University of Minnesota FoundationMinneapolis, MNUMF GLENSHEEN CONSERVATION$30k
PARABLE FUNDMINNEAPOLIS, MNGENERAL OPERATING$20k
KINSHIP OF CUMBERLANDCUMBERLAND, WIGENERAL OPERATING$20k
AMERICAN SWEDISH INSTITUTEMINNEAPOLIS, MNGENERAL OPERATING$20k
Churches United in MinistryDuluth, MNGENERAL OPERATING$20k
SAFE HAVEN SHELTER & RESOURCE CENTERDuluth, MNGENERAL OPERATING$20k
Western Lake Superior Habitat for HumanityDuluth, MNGENERAL OPERATING$20k
Compare this foundation's grantees

Up 14%
from 2023

From $162k in 2023 to $184k in 2024.

$162k
2023
$184k
2024
In today's dollarsEst.
Up 11% in real terms$179k to $197k

Estimated with BLS CPI-U for the Midwest region, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Pay for the position

Board Member pay rose 14% from 2023 to 2024, while revenue rose 126%.

$162k in 2023 to $184k in 2024.

Pay for the position itself, not any one person. The officeholder may have changed between 2023 and 2024.

Highest reported compensation in each year. Volunteer board members and partial-year payouts are filtered out.

This is a private foundation. Peers are foundations of similar asset size ($10M - $25M), because foundation pay scales with assets under management, not revenue.

Among peers

Revenue and top compensation, plotted against similar organizations. This organization is highlighted in cyan.

FAQ

Common questions about RAFT CHARITABLE FOUNDATION

What does the Board Member of RAFT CHARITABLE FOUNDATION earn?

In 2024, the Board Member of RAFT CHARITABLE FOUNDATION received $183,562 in total compensation. This pay is in the top 10% for Board Member roles among Philanthropy, Voluntarism & Grantmaking organizations in South Dakota: at least 9 in 10 comparable filings report less. Based on IRS Form 990 data.

How does Board Member pay at RAFT CHARITABLE FOUNDATION compare with similar nonprofits?

Compared with the same role at Philanthropy, Voluntarism & Grantmaking organizations in South Dakota, the 2024 pay of the Board Member at RAFT CHARITABLE FOUNDATION falls in the top 10%. In 2024, the highest total compensation at RAFT CHARITABLE FOUNDATION equaled 10% of the organization's total expenses. The median for philanthropy, voluntarism & grantmaking organizations is 15%.

What are RAFT CHARITABLE FOUNDATION's revenue and expenses?

In 2024, RAFT CHARITABLE FOUNDATION reported $3.1M in total revenue and $1.8M in total expenses on its IRS Form 990.

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This is a private foundation. Peers are foundations of similar asset size ($10M - $25M), because foundation pay scales with assets under management, not revenue.