diff --git a/activerecord/CHANGELOG.md b/activerecord/CHANGELOG.md
index 22f805fea4089..fb64156b78ad2 100644
--- a/activerecord/CHANGELOG.md
+++ b/activerecord/CHANGELOG.md
@@ -1,3 +1,19 @@
+*   ActiveRecord::RecordNotFound modified to store model name, primary_key and
+    id of the caller model. It allows the catcher of this exception to make
+    a better decision to what to do with it. For example consider this simple
+    example:
+
+        class SomeAbstractController < ActionController::Base
+          rescue_from ActiveRecord::RecordNotFound, with: :redirect_to_404
+
+          private def redirect_to_404(e)
+            return redirect_to(posts_url) if e.model == 'Post'
+            raise
+          end
+        end
+
+    *Sameer Rahmani*
+
 *   Deprecate the keys for association `restrict_dependent_destroy` errors in favor
     of new key names.
 
diff --git a/activerecord/lib/active_record/core.rb b/activerecord/lib/active_record/core.rb
index b82488a59cc4f..ffce2173ece6f 100644
--- a/activerecord/lib/active_record/core.rb
+++ b/activerecord/lib/active_record/core.rb
@@ -162,11 +162,13 @@ def find(*ids) # :nodoc:
         }
         record = statement.execute([id], self, connection).first
         unless record
-          raise RecordNotFound, "Couldn't find #{name} with '#{primary_key}'=#{id}"
+          raise RecordNotFound.new("Couldn't find #{name} with '#{primary_key}'=#{id}",
+                                   name, primary_key, id)
         end
         record
       rescue RangeError
-        raise RecordNotFound, "Couldn't find #{name} with an out of range value for '#{primary_key}'"
+        raise RecordNotFound.new("Couldn't find #{name} with an out of range value for '#{primary_key}'",
+                                 name, primary_key)
       end
 
       def find_by(*args) # :nodoc:
@@ -199,7 +201,7 @@ def find_by(*args) # :nodoc:
       end
 
       def find_by!(*args) # :nodoc:
-        find_by(*args) or raise RecordNotFound.new("Couldn't find #{name}")
+        find_by(*args) or raise RecordNotFound.new("Couldn't find #{name}", name)
       end
 
       def initialize_generated_modules # :nodoc:
diff --git a/activerecord/lib/active_record/errors.rb b/activerecord/lib/active_record/errors.rb
index 0f1759abaafdd..d589620f8a7f9 100644
--- a/activerecord/lib/active_record/errors.rb
+++ b/activerecord/lib/active_record/errors.rb
@@ -47,6 +47,15 @@ class ConnectionNotEstablished < ActiveRecordError
 
   # Raised when Active Record cannot find record by given id or set of ids.
   class RecordNotFound < ActiveRecordError
+    attr_reader :model, :primary_key, :id
+
+    def initialize(message = nil, model = nil, primary_key = nil, id = nil)
+      @primary_key = primary_key
+      @model = model
+      @id = id
+
+      super(message)
+    end
   end
 
   # Raised by ActiveRecord::Base.save! and ActiveRecord::Base.create! methods when record cannot be
diff --git a/activerecord/lib/active_record/nested_attributes.rb b/activerecord/lib/active_record/nested_attributes.rb
index a6b76b25bfd48..c5a1488588e97 100644
--- a/activerecord/lib/active_record/nested_attributes.rb
+++ b/activerecord/lib/active_record/nested_attributes.rb
@@ -561,7 +561,9 @@ def call_reject_if(association_name, attributes)
     end
 
     def raise_nested_attributes_record_not_found!(association_name, record_id)
-      raise RecordNotFound, "Couldn't find #{self.class._reflect_on_association(association_name).klass.name} with ID=#{record_id} for #{self.class.name} with ID=#{id}"
+      model = self.class._reflect_on_association(association_name).klass.name
+      raise RecordNotFound.new("Couldn't find #{model} with ID=#{record_id} for #{self.class.name} with ID=#{id}",
+                               model, 'id', record_id)
     end
   end
 end
diff --git a/activerecord/lib/active_record/relation/finder_methods.rb b/activerecord/lib/active_record/relation/finder_methods.rb
index 9fef55adeaaa8..009b2bad57aa1 100644
--- a/activerecord/lib/active_record/relation/finder_methods.rb
+++ b/activerecord/lib/active_record/relation/finder_methods.rb
@@ -85,7 +85,8 @@ def find_by(arg, *args)
     def find_by!(arg, *args)
       where(arg, *args).take!
     rescue RangeError
-      raise RecordNotFound, "Couldn't find #{@klass.name} with an out of range value"
+      raise RecordNotFound.new("Couldn't find #{@klass.name} with an out of range value",
+                               @klass.name)
     end
 
     # Gives a record (or N records if a parameter is supplied) without any implied