The@george And Alice Rich Charitable Foundation
- Assets
- $3.2m
- Revenue
- $264.1k
- Investments
- $3.0m
- Employees
- 0
- Location
- Boston, MA
- Founding
- 07/2001
- Data as of
- 12/2021
- EIN
- 04-6936732
Organization Overview
The@george And Alice Rich Charitable Foundation is located in Boston, MA. The organization was established in 2001. According to its NTEE Classification (T99) the organization is classified as: Philanthropy, Voluntarism & Grantmaking Foundations N.E.C., under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. The@george And Alice Rich Charitable Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, The@george And Alice Rich Charitable Foundation generated $264.1k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 11.4% each year . All expenses for the organization totaled $199.0k during the year ending 12/2021. While expenses have increased by 4.3% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, The@george And Alice Rich Charitable Foundation has awarded 166 individual grants totaling $1,169,925. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION DOES NOT CONDUCT ANY DIRECT CHARITABLE ACTIVITIES. THE FOUNDATION'S ONLY ACTIVITY IS TO MAKE CHARITABLE CONTRIBUTIONS TO APPROVED ORGANIZATIONS.
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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $104,815 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $159,255 |
| Capital Gain Net Income | $159,255 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $264,070 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $39,009 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $2,050 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $30 |
| Total operating and administrative expenses | $84,007 |
| Contributions, gifts, grants paid | $115,000 |
| Total expenses and disbursements | $199,007 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $52,420 |
| Savings and temporary cash investments | $134,309 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $1,409,534 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $3,207,711 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, The@george And Alice Rich Charitable Foundation has awarded $115,000 in support to 14 organizations.
| Grant Recipient | Amount |
|---|---|
SPAULDING REHAB PURPOSE: DONATION TO SUPPORT THE CHARITY'S MISSION | $25,000 |
Boston, MA PURPOSE: DONATION TO SUPPORT THE CHARITY'S MISSION | $25,000 |
ASIAN AMERICAN CIVIC ASSOCIATION PURPOSE: DONATION TO SUPPORT THE CHARITY'S MISSION | $10,000 |
PERKINS PURPOSE: DONATION TO SUPPORT THE CHARITY'S MISSION | $10,000 |
Somerville, MA PURPOSE: DONATION TO SUPPORT THE CHARITY'S MISSION | $10,000 |
Cambridge, MA PURPOSE: DONATION TO SUPPORT THE CHARITY'S MISSION | $5,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Dr Miriam And Sheldon G Adelson Medical Research Foundation Needham, MA | $9,824,950 | $46,333,953 |
Hope For Youth Inc Amityville, NY | $10,865,800 | $14,335,992 |
Lauren And Lee Fixel Family Foundation Inc New York, NY | $40,185,371 | $21,974,777 |
Joy In Childhood Foundation Inc Canton, MA | $7,582,989 | $8,931,292 |
Joint Council For Economic Opportunity Of Clinton & Franklin Plattsburgh, NY | $5,357,972 | $10,698,049 |
Health Management Group Ltd Getzville, NY | $13,266,135 | $8,802,636 |
Roy Lichtenstein Foundation New York, NY | $85,182,586 | $2,378,185 |
Mccance Foundation Tr North Scituate, MA | $91,930,926 | $3,999,038 |
Childrens Dyslexia Centers Inc Lexington, MA | $70,604,540 | $15,265,584 |
North Central Area Agency On Aging Inc Hartford, CT | $1,856,134 | $6,505,484 |
Hampton Classic Horse Show Inc Bridgehampton, NY | $1,702,497 | $4,948,481 |
Peggy Mcgrath Rockefeller Foundation New York, NY | $16,278,993 | $1,905,197 |