The Richardson Foundation
- Assets
- $5.7m
- Revenue
- $1.7m
- Investments
- $5.5m
- Employees
- 0
- Location
- Katonah, NY
- Founding
- 03/1988
- Data as of
- 12/2022
- EIN
- 13-3440317
Organization Overview
The Richardson Foundation is located in Katonah, NY. The organization was established in 1988. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, 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. Richardson 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 12/2022, Richardson Foundation generated $1.7m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.1% each year. All expenses for the organization totaled $1.0m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Richardson Foundation has awarded 399 individual grants totaling $5,447,031. 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 FOUNDATION DOES NOT PERFORM DIRECT CHARITABLE ACTIVITIES. INSTEAD IT CONTRIBUTES FUNDS TO OTHER CHARITABLE ORGANIZATIONS THAT ARE INVOLVED IN SUCH CHARITABLE ACTIVITIES.
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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $851,990 |
| Interest on Savings | $146 |
| Dividends & Interest | $125,729 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $740,161 |
| Capital Gain Net Income | $740,161 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $1,718,026 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $18,851 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $65,293 |
| Contributions, gifts, grants paid | $944,162 |
| Total expenses and disbursements | $1,009,455 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $26,512 |
| Savings and temporary cash investments | $167,281 |
| Net Accounts receivable | $1,581 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $5,696,806 |
| 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 Richardson Foundation has awarded $944,162 in support to 72 organizations.
| Grant Recipient | Amount |
|---|---|
ANIMAL MEDICAL CENTER PURPOSE: GENERAL FUNDING | $4,000 |
ASPCA GIFT PROCESSING CENTER PURPOSE: GENERAL FUNDING | $500 |
ASSOCIATION OF AMERICAN RHODES SCHOLARS PURPOSE: GENERAL FUNDING | $500 |
BEDFORD 2020 COALITION PURPOSE: GENERAL FUNDING | $500 |
BEDFORD PLAYHOUSE PURPOSE: GENERAL FUNDING | $500 |
BEDFORD AUDUBON SOCIETY PURPOSE: GENERAL FUNDING | $500 |