In 2005, The Raymar Children's Fund was created under section 402 of the New York Not-For-Profit Corporation Law. The Raymar Children's Fund:
-Solicits, receives, administers and disburses gifts and grants of money and property of every kind exclusively for tax exempt, charitable, scientific, literary and educational purposes
-Promotes the appreciation of philanthropy in children
-Contributes funds to other independent charitable agencies qualified as exempt organizations
-Provides children attending the William S. Covert School with enrichment experiences and programs
-Provides financial aid and assistance to any needy families of children attending the William S. Covert School
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