Ramy Foundation

The Ramy Foundation is a private foundation in the United States, primarily involved in funding general use projects. It does not have a known web presence.

Overview

As a private foundation, the Ramy Foundation is designated as a 501(c) organization, although specific details about its mission and focus are not widely available. The foundation's operations indicate a minimal level of activity in terms of grants and public-facing initiatives.

Financial Summary

Recent financial data reveals that the Ramy Foundation relies on investment income and gains from asset sales as primary sources of revenue. In the fiscal year ending December 2023, the foundation reported total revenues of approximately $2,239, with the majority derived from investment income and a net gain from the sale of non-inventory assets[1].

Grants and Activities

The Ramy Foundation has been reported to make at least one grant per year, though specific details about the recipients or projects supported are not available[1]. This indicates that while the foundation is active in grant-making, its scope and impact may be relatively limited.

Leadership

The organization is led by Michael Ramy, who serves as the President of the Ramy Foundation[1]. Compensation for leadership positions is minimal, with the president receiving no compensation as of the latest available data[1].

Legal Status

As a 501(c) organization, the Ramy Foundation operates as a tax-exempt entity. Its activities and finances are reported annually in accordance with IRS regulations[3][4]. Despite this, the foundation maintains a low public profile, with most information available through financial filings rather than public outreach or marketing efforts.

[1] https://www.causeiq.com/organizations/ramy-foundation,416053741/ [2] https://projects.propublica.org/nonprofits/organizations/263541160 [3] https://www.irs.gov/charities-non-profits/tax-exempt-organization-search [4] https://apps.irs.gov/app/eos/ [5] https://ramy.com/liqui-powder-elixir-foundation/