Bruce and Avis Richards Family

Private foundation · Grantmaker New York, NY EIN: 20-8034361

The Bruce and Avis Richards Family is a private foundation based in New York, NY. In 2024, it reported making 12 grants totaling $306,125 to charitable organizations.

Key facts about Bruce and Avis Richards Family

In short: Bruce and Avis Richards Family gave $306K across 12 grants in 2024 (avg $26K), mostly in New York. 92% of 2024 grantees were new. Source: 2024 IRS Form 990-PF.

EIN
20-8034361
Latest 990 filing
Form 990-PF, 2024
Annual giving (2024)
$306,125
Grants made (2024)
12
Average grant
$25,510
Median grant
$3,525
New grantees (estimate)
92% first-time grantees (11 of 12, 2024; small sample)
Total assets
$4,447,433
Primary geography
New York (51% of itemized 2024 grant dollars)
Accepts unsolicited proposals
No
How to apply
The foundation states that it makes contributions only to preselected charitable organizations and does not accept unsolicited requests for funds. Full details ↓

Data from IRS Form 990-PF, 2024; updated October 2026. New grantees are estimated by matching recipient names across years (methodology). Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$4.4M

-3.0% YoY

Annual Giving

$306K

+21.2% YoY

Grant Count

12

+200.0% YoY

Avg Grant Size

$26K

-59.6% YoY

Under IRS private-foundation payout rules, Bruce and Avis Richards Family reported a distributable amount of $236K for 2024 — the minimum it must pay out in qualifying distributions.

Is Bruce and Avis Richards Family open to new grantees?

92%

first-time grantees, 2024

In 2024, 11 of 12 grantees (92%) were first-time recipients. With only 12 grantees, that is a small sample: one grantee more or less moves the share by about 8 points. First grants averaged $27K; repeat grants $7K. How we count

Medians: $3K first-time, $7K repeat.

  • 8% of 2024 grantees were also funded in 2023. Method
  • Giving grew 295% from 2021 to 2024. Method
  • In 2024 it paid out 130% of its IRS minimum distribution (the 5% rule). Method

Estimate from itemized grant lists in IRS Form 990-PF filings (2020–2024). Recipient names are matched across years, so a renamed or misspelled grantee can look new; grants to individuals are left out. Methodology.

Research compiled by Grantable AI from public sources. Last updated September 2026.

Mission & Focus Areas

No mission statement for the foundation is provided. Its 2024 grants included support for organizations whose missions span several areas. The Jewish Museum describes its mission as collecting, preserving, exhibiting, and interpreting art and Jewish culture. The USTA Foundation says it brings tennis and education together to serve under-resourced youth. The American Museum of Natural History describes its mission as advancing knowledge about human cultures, the natural world, and the universe through scientific research and education.

Grantmaking

In 2024, the foundation gave $306,125 through 12 grants. Grants ranged from $650 to $150,000, with a median grant of $3,525. Its largest grants were $150,000 to the University of Maryland College Park Foundation, $100,000 to BirdsNest Foundation, and $30,000 to Youth Inc. Other grants included $7,025 to Robin Hood Foundation, $5,000 to The Leukemia & Lymphoma Society, and $4,550 to The Jewish Museum.

How to Apply

The foundation states that it makes contributions only to preselected charitable organizations and does not accept unsolicited requests for funds.

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Geographic Focus

Where this funder awards grants

In 2024, 51% of grant dollars went to recipients in New York and 49% to recipients in Maryland.

Grant Distribution by State

2states

Share of 2024 grant dollars across all 12 itemized grants.

Cities

New YorkSouthamptonCollege ParkGarden City ParkPurchase

Giving Over Time

Total grant dollars and number of grants per year

$0$100K$200K$300K$400K5 grants2020 4 grants2021 5 grants2022 4 grants2023 12 grants2024

From 2020 to 2024, annual grant giving ranged from $78K (2021) to $306K (2024). In 2024 it made 12 grants totaling $306K.

Grant Insights

How this funder distributes its grants

Top Recipients

Top 10 recipients in 2024

University of Maryland College Park Foundation Inc: $150KUniversity of Maryland CollegePark Foundation Inc$150KBirdsnest Foundation: $100KBirdsnest Foundation$100KYouth Inc: $30KYouth Inc$30KRobinhood Foundation: $7KRobinhood Foundation$7KThe Leukemia & Lymphoma Society: $5KThe Leukemia & LymphomaSociety$5KThe Jewish Museum: $5KThe Jewish Museum$5KUsta Foundation: $3KUsta Foundation$3KThe Mount Sinai Children's Center Foundation Benefit: $2KThe Mount Sinai Children'sCenter Foundation Benefit$2KThe SBT Charitable Fund: $2KThe SBT Charitable Fund$2KNora's Gift Foundation: $2KNora's Gift Foundation$2K

The largest 2024 recipient was University of Maryland College Park Foundation Inc ($150K). Together the top 10 received $304K.

Grant Size Distribution

30 grants across all recorded years

23<$50K1$50–100K6$100–250K$250–500K$500K–1M$1–5M$5M+

The most common grant size was under $50K: 23 grants of 30 (77%).

Giving History

Grant recipients and amounts by year

RecipientPurposeAmount
University of Maryland College Park Foundation Inc College Park, MDAid donee organization in pursuit of its tax exempt$150,000
Birdsnest Foundation New York, NYAid donee organization in pursuit of its tax exempt$100,000
Youth Inc New York, NYAid donee organization in pursuit of its tax exempt$30,000
Robinhood Foundation New York, NYAid donee organization in pursuit of its tax exempt$7,025
The Leukemia & Lymphoma Society New York, NYAid donee organization in pursuit of its tax exempt$5,000
The Jewish Museum New York, NYAid donee organization in pursuit of its tax exempt$4,550
Usta Foundation Purchase, NYAid donee organization in pursuit of its tax exempt$2,500
The Mount Sinai Children's Center Foundation Benefit New York, NYAid donee organization in pursuit of its tax exempt$1,900
The SBT Charitable Fund Southampton, NYAid donee organization in pursuit of its tax exempt$1,800
Nora's Gift Foundation Aid donee organization in pursuit of its tax exempt$1,500

Financial History

Multi-year comparison from IRS filings

Filing year Assets Revenue Expenses Grants
2024 $4,447,433 $174,834 $310,109 $306,125
2023 $4,582,708 $218,859 $252,500 $252,500
2022 $4,596,188 $51,899 $232,796 $232,796
Revenue
Expenses
Qualifying Distributions
Net Investment Income
$0$2M$4M$6M2020 2021 2022 2023 2024
Metric202420232022
Total Assets$4,447,433$4,582,708$4,596,188
Revenue$174,834$218,859$51,899
Expenses$310,109$252,500$232,796
Qualifying Distributions$306,125$252,500$232,796
Net Investment Income$174,834$218,859$51,899
Distributable Amount$235,528$226,917$233,575

Data update history

When this profile's IRS filing data changed on Grantable

  1. IRS filings on file for fiscal years 2020–2024

Leadership & Key People

Leadership team and compensation from IRS filings

The 2024 filing lists Bruce Richards as president and Avis Richards as vice president.

Bruce and Avis Richards Family is led by Bruce Richards, President on every filing since 2020; none of the 2 officers listed in 2024 report compensation.

Officers on the 2024 filing

  • Bruce Richards

    President

    On filings since 2020

    No compensation reported

  • Avis Richards

    Vice President

    On filings since 2020

    No compensation reported

Data from IRS Form 990 filings, 2020–2024. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.

Contact

Mailing address: 15 Central Park West 12A, New York, NY 10023
Phone: (212) 500-3000

Frequently asked questions about Bruce and Avis Richards Family

How much does Bruce and Avis Richards Family give each year?

Bruce and Avis Richards Family gave $306K across 12 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $253K across 4 grants.

What is Bruce and Avis Richards Family's typical grant size?

Bruce and Avis Richards Family's median grant in 2024 was $3,525, and its average grant was $25,510, across 12 grants on its 2024 IRS Form 990-PF. Organizations receiving their first grant from Bruce and Avis Richards Family that year got $27K on average.

Where does Bruce and Avis Richards Family give grants?

Bruce and Avis Richards Family gives mostly in New York: 51% of the grant dollars itemized on its 2024 IRS Form 990-PF went to recipients there. The next largest state was Maryland (49%). The most frequent recipient cities were New York, NY (8 grants).

Who are Bruce and Avis Richards Family's largest grantees?

Bruce and Avis Richards Family's largest 2024 grantees include University of Maryland College Park Foundation Inc ($150,000), Birdsnest Foundation ($100,000) and Youth Inc ($30,000), according to its 2024 IRS Form 990-PF. Together they received 91% of its itemized 2024 grant dollars.

How large is Bruce and Avis Richards Family?

Bruce and Avis Richards Family reported $4.4M in total assets on its 2024 IRS Form 990-PF. It paid out $306K in qualifying distributions that year, against a required minimum of $236K (roughly 5% of its investment assets).

What does Bruce and Avis Richards Family fund?

No mission statement for the foundation is provided. Its 2024 grants included support for organizations whose missions span several areas. The Jewish Museum describes its mission as collecting, preserving, exhibiting, and interpreting art and Jewish culture. See mission & focus areas ↑

How do I apply for a grant from Bruce and Avis Richards Family?

The foundation states that it makes contributions only to preselected charitable organizations and does not accept unsolicited requests for funds. Eligibility and process details are in the grantmaking section of this profile. See how to apply ↑

What is Bruce and Avis Richards Family's EIN?

Bruce and Avis Richards Family's EIN (Employer Identification Number) is 20-8034361. IRS Form 990 filing data is available on this page for 2020–2024.

Does Bruce and Avis Richards Family accept unsolicited proposals?

No, according to Grantable's research on the foundation's published guidelines. See how to apply ↑

Data last updated October 2026. Sourced from IRS Form 990-PF filings. Research dossier generated September 2026.

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