Ray Dolby Legacy Fund

Analysis

Ray Dolby Legacy Fund is a registered charity in United States, based in Novato, CA. It received its IRS tax-exemption ruling in November 2008, 18 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Ray Dolby Legacy Fund reported income of $87.7m and spending of $87.6m, spending 100% of its income. The sharpest change came in the year to June 2023, when income rose by 553%. Over the whole period it spent 87% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Ray Dolby Legacy Fund sits at the 99th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within CA. Charities of a similar size with the same main cause include Big East Conference Inc ($87.2m), The Rhode Island Community Foundation ($87.7m) and The James Family Charitable Trust ($86.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $100.2m against liabilities of $87.5m, net assets of $12.7m.