Raymond James Charitable Endowment Fund

Analysis

Raymond James Charitable Endowment Fund is a registered charity in United States, based in St Petersburg, FL. It received its IRS tax-exemption ruling in August 2000, 26 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 publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending March 2023, Raymond James Charitable Endowment Fund reported income of $408.4m and spending of $259.0m, leaving 37% of income unspent that year. Across the 5 years on record, from March 2019 to March 2023, income grew from $236.0m to $408.4m (+73%), an average of +15% a year. The sharpest change came in the year to March 2022, when income rose by 112%. Over the whole period it spent 51% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Raymond James Charitable Endowment Fund sits at the 100th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 100th percentile, and in the 100th percentile within FL. Charities of a similar size with the same main cause include Apella Health Management Inc ($405.0m), Pew Charitable Trusts ($415.2m) and The Cleveland Foundation ($370.4m).

On its Form 990 for the period ending March 2023, revenue came from contributions and grants 92% of the total. Compensation of current officers, directors and key employees was $78k (0.0% of expenses). At year end it held assets of $1.51bn against liabilities of $8.7m, net assets of $1.50bn.