The@george And Alice Rich Charitable Foundation
- Assets
- $2.8m
- Revenue
- -$100.4k
- Investments
- $2.8m
- Employees
- 0
- Location
- Boston, MA
- Founding
- 07/2001
- Data as of
- 12/2022
- 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.
Since 2015, The@george And Alice Rich Charitable Foundation has awarded 131 individual grants totaling $1,024,475. 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
2022
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 | $113,881 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$214,243 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | -$100,362 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $49,576 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $6,869 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $95,860 |
| Contributions, gifts, grants paid | $172,500 |
| Total expenses and disbursements | $268,360 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $22,404 |
| Savings and temporary cash investments | $31,393 |
| 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 | $1,158,904 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $2,838,989 |
| 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 $172,500 in support to 15 organizations.
| Grant Recipient | Amount |
|---|---|
TRANSITION HOUSE PURPOSE: DONATION TO SUPPORT THE CHARITY'S MISSION | $9,500 |
ASIAN AMERICAN CIVIC ASSOCIATION PURPOSE: DONATION TO SUPPORT THE CHARITY'S MISSION | $10,500 |
CASA MYRNA PURPOSE: DONATION TO SUPPORT THE CHARITY'S MISSION | $5,500 |
CHORUS PRO MUSICA PURPOSE: DONATION TO SUPPORT THE CHARITY'S MISSION | $10,500 |
COTTING SCHOOL PURPOSE: DONATION TO SUPPORT THE CHARITY'S MISSION | $6,000 |
FRANCISCAN HOSPITAL PURPOSE: DONATION TO SUPPORT THE CHARITY'S MISSION | $2,500 |