Chase Foundation is a private foundation based in Artesia, New Mexico. The foundation was established in memory of Chase Richards and is supported by the Chase family legacy. It operates as a philanthropic organization focused on grantmaking to nonprofit organizations.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
—
Annual Giving
$1.3M
-22.5% YoY
Grant Count
75
-5.1% YoY
Avg Grant Size
$17K
-18.4% YoY
Mission & Focus Areas
The Chase Foundation was founded in loving memory of Chase Richards by his family. The foundation's work emphasizes supporting child life services and hospitalized children, recognizing that all children deserve the chance to be kids. Child Life Specialists supported by the foundation help hospitalized children meet their social, emotional, and developmental needs while coping with illness and improving their outcomes.
Primary funding focus areas include:
- Education
- Science and STEM education
- Human services
- Philanthropy and voluntarism
Grantmaking
The foundation has established application deadlines for scholarship programs, with previous deadlines noted for fall scholarship cycles.
Grant Range
$6,000
Average Grant
$18,000
Review Cycle
for scholarship programs, with previous deadlines noted for fall scholarship cycles.
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Geographic Focus
Where this funder awards grants
The foundation primarily funds organizations in:
- New Mexico (primary focus)
- Texas
- Arizona
These three states account for 76% of all grants. Grantmaking reaches organizations across 17 states total, with additional activity in Wyoming.
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
- Total Assets: $36.2 million
- Annual Income: $7.7 million
- IRS Ruling Year: 2010 (tax-exempt since February 2010)
- EIN: 36-7466258
- Organization Type: Private corporation
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | — | — | — |
| Revenue | — | — | — |
| Expenses | — | — | — |
| Qualifying Distributions | — | — | — |
| Net Investment Income | — | — | — |
| Distributable Amount | — | — | — |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
Grant Size Distribution
250 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Harvest Fellowship ($10,000), Amarillo College ($9,250), Creighton University ($9,000).
| Recipient | Purpose | Amount |
|---|---|---|
| ENMU-ROSWELL ROSWELL, NM | SCHOLARSHIP | $1,750 |
| ARTESIA CLEAN AND BEAUTIFUL ARTESIA, NM | GRANT | $2,500 |
| ABILENE CHRISTIAN UNIVERSITY ABILENE, TX | SCHOLARSHIP | $2,750 |
| BAYLOR UNIVERISITY WACO, TX | SCHOLARSHIP | $2,750 |
| CARLETON COLLEGE NORTHFIELD, MN | SCHOLARSHIP | $2,750 |
| CISCO COLLEGE CISCO, TX | SCHOLARSHIP | $2,750 |
| CONNORS STATE COLLEGE WARNER CAMP WARNER, OK | SCHOLARSHIP | $2,750 |
| INDIANA UNIVERSITY BLOOMINGTON, IN | SCHOLARSHIP | $2,750 |
| SUL ROSS UNIVERSITY ALPINE, TX | SCHOLARSHIP | $2,750 |
| TRINITY UNIVERSITY SAN ANTONIO, TX | SCHOLARSHIP | $2,750 |
Leadership & Key People
Leadership team and compensation from IRS filings
- Principal Officer: JPMorgan Chase Bank NA
- Director: Richard Price
- Governance: The foundation is governed by 11 officers and trustees
Key family members involved in the foundation's direction include trustees and leadership from the Chase family estate management.
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| RICHARD PRICE | EXECUTIVE DI | — | — |
| GEREN FERGUSON | ADVISOR | — | — |
| ROBERT CHASE | ADVISOR | — | — |
| DEB CHASE | ADVISOR | — | — |
| RICHARD CHASE | ADVISOR | — | — |
| KARLA CHASE | ADVISOR | — | — |
Recent News & Activity
Recent developments and announcements
In October 2024, the Chase Foundation launched a donor-advised fund in partnership with the Community Foundation of Southern New Mexico. The fund manages a $10.5 million donation from Mack Chase's estate to benefit organizations in southeast New Mexico. This partnership allows the Chase family and Chase Foundation to collaborate in identifying community needs and supporting organizations throughout the region.
The Chase Foundation Launches Donor Advised Fund in Partnership with the\The foundation's grantmaking demonstrates a commitment to the legendary generosity of Mack and Marilyn Chase, with their children continuing their philanthropic legacy across southeast New Mexico and surrounding areas.
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What does Chase Foundation fund?
The Chase Foundation was founded in loving memory of Chase Richards by his family. The foundation's work emphasizes supporting child life services and hospitalized children, recognizing that all children deserve the chance to be kids. Child Life Specialists supported by the foundation help hospitalized children meet their social, emotional, and developmental needs while coping with illness and improving their outcomes. Primary funding focus areas include: • Education • Science and STEM education
How do I apply for a grant from Chase Foundation?
**Grant Activity:** • Total grants made: 230 grants totaling $4.1 million • Median grant size: $6,000 • Average grant size: $18,000 • Grant range: $1,000 to $333,000 • Supported organizations: 101 unique organizations **Recent Giving Trends:** • 2023 annual giving: $1.7 million • 2022 annual giving: $2.5 million • Most recent filing (2024): $1.3 million in total giving **Application Information:** The foundation has established application deadlines for scholarship programs, with previous deadl…
Where does Chase Foundation make grants?
The foundation primarily funds organizations in: • New Mexico (primary focus) • Texas • Arizona These three states account for 76% of all grants. Grantmaking reaches organizations across 17 states total, with additional activity in Wyoming.
What size grants does Chase Foundation award?
In 2024, Chase Foundation awarded 75 grants totaling $1.3M — an average of about $17K per grant, based on its IRS Form 990 filings.
What is Chase Foundation's EIN?
Chase Foundation's EIN (Employer Identification Number) is 36-7466258. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in Chase Foundation's focus areas in our free grants database
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Data last updated June 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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