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The Bill Raskob Foundation, Inc.

Profile

Last Updated: 2016-04-21

At A Glance

The Bill Raskob Foundation, Inc.

P.O. Box 507

Crownsville, MD United States 21032-0507

Telephone: (410) 923-9123

URL: www.billraskob.org

Type of Grantmaker

Independent foundation

Additional Descriptor

  • Family foundation

Financial Data

(yr. ended 2012-12-31)

Assets: $4,517,714

Total giving: $96,500

EIN

510110185

BRIDGE Number

1234314409

Background

Incorporated in 1928 in DE - The foundation was created by John J. and Helena S. Raskob, in memory of their son William Frederick Raskob, II, the second of thirteen children, a devout Catholic and a student at Yale Univ., when he was killed in an automobile accident at the age of 20. Originally, the foundation directed its efforts towards assisting needy orphans and other poor children, and towards such other helpful purposes as were approved by the foundation's Members and Dirs. Over the years however, the foundation has tended to concentrate its activities in the field of education, and now has its primary purpose to assist needy college and post-graduate students who qualify for aid

Program Area(s)

The grantmaker has identified the following area(s) of interest:

Grants to Individuals Program

Undergraduate and graduate interest-free student loans to American citizens enrolled at accredited institutions within the U.S.

Fields of Interest

Subjects
  • Higher education
  • Nonprofits
Organizations
  • Catholic institutions
  • Public charities

Financial Data

Year ended 2012-12-31

Assets: $4,517,714 (market value)

Gifts received: $30

Expenditures: $280,195

Total giving: $96,500

Qualifying distributions: $249,611

Giving activities include:

$96,500 for loans to individuals