Grace Jones Richardson Testamentary
Grace Jones Richardson Testamentary is a private foundation based in Greensboro, North Carolina. In 2024, it reported 329 grants totaling $2,182,000 to charitable organizations in multiple states; it states that contributions go only to preselected organizations.
Grace Jones Richardson Testamentary at a glance
In short: Grace Jones Richardson Testamentary gave $2.2M across 329 grants in 2024 (avg $7K), top state Connecticut. 20% of 2024 grantees were new. Source: 2024 IRS Form 990-PF.
- Annual giving (2024)
- $2,182,000
- -12.7% vs 2023
- Grants made (2024)
- 329
- -3.8% vs 2023
- Average grant
- $6,632
- -9.3% vs 2023
- Median grant
- $3,500
- Total assets
- $81,304,457
- +9.1% vs 2023
- New grantees (estimate)
- 20% first-time grantees (65 of 329, 2024)
- Primary geography
- Connecticut (16% of itemized 2024 grant dollars)
- Latest 990 filing
- Form 990-PF, 2024 View filing
Data from IRS Form 990-PF, 2024; updated October 2026. New grantees are estimated by matching recipient names across years (methodology).
How to apply to Grace Jones Richardson Testamentary
- Accepts unsolicited proposals
- No
- How to Apply
-
The foundation makes contributions only to preselected charitable organizations and does not accept unsolicited requests for funds.
- Contact
Mailing address: PO Box 20124, Greensboro, NC 27420
Phone: (336) 274-5471
Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.
Who Grace Jones Richardson Testamentary funds
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
The largest 2024 recipient was Performing Arts Building Foundation Inc ($52K). Together the top 10 received $426K.
Grant Size Distribution
1,626 grants across all recorded years
The most common grant size was under $50K: 1,607 grants of 1,626 (99%).
Geographic Focus
Where this funder awards grants
In 2024, the largest shares of grant dollars by recipient state went to Connecticut (16%), North Carolina (14%), New York (13%), Massachusetts (12%), and California (10%).
Grant Distribution by State
Share of 2024 grant dollars across all 329 itemized grants.
States
Cities
Is Grace Jones Richardson Testamentary open to new grantees?
20%
first-time grantees, 2024
In 2024, 65 of 329 grantees (20%) were first-time recipients. First grants averaged $6K; repeat grants $7K. How we count
Medians: $4K first-time, $3K repeat.
- 74% of 2024 grantees were also funded in 2023. Method
- Giving held roughly steady from 2021 to 2024 (+10%). Method
- In 2024 it paid out 102% 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.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2024, annual grant giving ranged from $2.0M (2021) to $2.6M (2022). In 2024 it made 329 grants totaling $2.2M.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Performing Arts Building Foundation Inc Orleans, MA | To assist the organization in carrying out its exempt purpose | $52,000 |
| The Community of Jesus Inc Orleans, MA | To assist the organization in carrying out its exempt purpose | $48,000 |
| Community Preparatory School Providence, RI | To assist the organization in carrying out its exempt purpose | $46,000 |
| Greater Bridgeport OIC Bridgeport, CT | To assist the organization in carrying out its exempt purpose | $43,000 |
| City Lights & Company Bridgeport, CT | To assist the organization in carrying out its exempt purpose | $41,000 |
| Lake Champlain Community Sailing Center Burlington, VT | To assist the organization in carrying out its exempt purpose | $41,000 |
| Reason Foundation Los Angeles, CA | To assist the organization in carrying out its exempt purpose | $41,000 |
| Brain & Behavior Research Foundation New York, NY | To assist the organization in carrying out its exempt purpose | $40,500 |
| Center for Creative Leadership Greensboro, NC | To assist the organization in carrying out its exempt purpose | $40,000 |
| Temple of Understanding Berkeley Heights, NJ | To assist the organization in carrying out its exempt purpose | $33,000 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Net Investment Income | Distributable Amount |
|---|---|---|---|---|---|---|---|---|
| 2024 | $81,304,457 | $9,326,298 | $2,577,476 | $2,182,000 | 329 | $2,470,562 | $16,267,699 | $2,430,442 |
| 2023 | $74,555,635 | $8,538,997 | $2,878,271 | $2,499,468 | 342 | $2,773,361 | $3,640,869 | $2,344,037 |
| 2022 | $68,894,909 | $8,659,777 | $3,018,063 | $2,590,000 | 332 | $2,864,155 | $2,683,342 | $2,569,400 |
| 2021 | $63,253,195 | $8,952,710 | $2,633,299 | $1,990,000 | 316 | $2,172,565 | $21,971,421 | $2,554,529 |
| 2020 | $56,933,784 | $6,768,119 | $2,358,224 | $2,093,000 | 307 | — | $11,828,185 | $1,970,322 |
Under IRS private-foundation payout rules, Grace Jones Richardson Testamentary reported a distributable amount of $2.4M for 2024 — the minimum it must pay out in qualifying distributions.
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 grantees include organizations with varied missions. For example, Community Preparatory School describes itself as an independent school serving grades 4 to 8 and working to develop students’ academic and leadership potential. City Lights & Company says it serves its community through art and provides opportunities for artists to present and sell their work. Other grantees include Cancer Research Institute, which describes its work as advancing cancer immunotherapy, and Little Britches Therapeutic Riding, which describes itself as a therapeutic riding program for children with physical, emotional, or developmental challenges.
Grantmaking
In 2024, the foundation reported 329 grants totaling $2,182,000. Grant amounts ranged from $1,000 to $52,000, with a median of $3,500. Among the largest awards were $52,000 to Performing Arts Building Foundation Inc., $48,000 to The Community of Jesus Inc., $46,000 to Community Preparatory School, $43,000 to Greater Bridgeport OIC, and $41,000 each to City Lights & Company, Lake Champlain Community Sailing Center, and Reason Foundation. The listed grant purposes were to assist recipients in carrying out their exempt purposes.
Leadership & Key People
Leadership team and compensation from IRS filings
The 2024 filing lists Tyler B Richardson and Nicolas Richardson as trustees.
Grace Jones Richardson Testamentary's 2024 filing lists 2 officers; all 2 officers listed in 2024 are compensated.
Officers on the 2024 filing
Nicolas Richardson
Trustee
On filings since 2020
1 hr/week
$10K (2020) → $55K (2024)
Tyler B. Richardson
Trustee
On filings since 2020
1 hr/week
$10K (2020) → $55K (2024)
Former officers (1)
- Former: Peter Richardson (2020) — Trustee
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.
Compensation Overview
From 2024 IRS filing
The highest reported compensation on the 2024 filing was $55K, to Tyler B Richardson (Trustee). 2 officers or directors reported compensation on that filing.
Frequently asked questions about Grace Jones Richardson Testamentary
How much does Grace Jones Richardson Testamentary give each year?
Grace Jones Richardson Testamentary gave $2.2M across 329 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $2.5M across 342 grants.
What is Grace Jones Richardson Testamentary's typical grant size?
Grace Jones Richardson Testamentary's median grant in 2024 was $3,500, and its average grant was $6,632, across 329 grants on its 2024 IRS Form 990-PF. Organizations receiving their first grant from Grace Jones Richardson Testamentary that year got $6K on average.
Where does Grace Jones Richardson Testamentary give grants?
Grace Jones Richardson Testamentary's top state is Connecticut, with 16% of the grant dollars itemized on its 2024 IRS Form 990-PF. The next largest states were North Carolina (14%) and New York (13%). The most frequent recipient cities were New York, NY (33 grants), Washington, DC (15 grants), Atlanta, GA (10 grants) and Big Timber, MT (9 grants).
Does Grace Jones Richardson Testamentary give general operating support?
Not in 2024: none of the 329 grants with a stated purpose on Grace Jones Richardson Testamentary's 2024 IRS Form 990-PF were described as general or operating support.
Who are Grace Jones Richardson Testamentary's largest grantees?
Grace Jones Richardson Testamentary's largest 2024 grantees include Performing Arts Building Foundation Inc ($52,000), The Community of Jesus Inc ($48,000) and Community Preparatory School ($46,000), according to its 2024 IRS Form 990-PF. Together they received 7% of its itemized 2024 grant dollars.
How large is Grace Jones Richardson Testamentary?
Grace Jones Richardson Testamentary reported $81.3M in total assets on its 2024 IRS Form 990-PF. It paid out $2.5M in qualifying distributions that year, against a required minimum of $2.4M (roughly 5% of its investment assets).
What does Grace Jones Richardson Testamentary fund?
No mission statement for the foundation is provided. Its 2024 grantees include organizations with varied missions. For example, Community Preparatory School describes itself as an independent school serving grades 4 to 8 and working to develop students’ academic and leadership potential. See mission & focus areas ↑
How do I apply for a grant from Grace Jones Richardson Testamentary?
The foundation 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 Grace Jones Richardson Testamentary's EIN?
Grace Jones Richardson Testamentary's EIN (Employer Identification Number) is 06-6023003. IRS Form 990 filing data is available on this page for 2020–2024.
Does Grace Jones Richardson Testamentary 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.
Data update history
(1)
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2024
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Cite this profile
Grantable. (2026). Grace Jones Richardson Testamentary funder profile. GrantGraph. Retrieved October 19, 2026, from https://grantable.co/funders/grace-jones-richardson-testamentary-morg_9dd103026f284eeb814e52504bd8c32c
BibTeX
@misc{grantable_066023003_2026,
author = {{Grantable}},
title = {{Grace Jones Richardson Testamentary funder profile}},
howpublished = {GrantGraph},
year = {2026},
url = {https://grantable.co/funders/grace-jones-richardson-testamentary-morg_9dd103026f284eeb814e52504bd8c32c},
note = {Accessed 2026-10-19. Data licensed CC BY 4.0}
}The figures on this page are open data under CC BY 4.0: reuse them with credit to Grantable and a link. Download the data.
Figures come from Grace Jones Richardson Testamentary's IRS filings (methodology). AI-written summaries, news items and logos are not covered by the open licence. Spot an error? Email hello@grantable.co.
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