Grace Jones Richardson Testamentary
The Grace Jones Richardson Testamentary Trust is a private foundation based in Greensboro, North Carolina. Established in 1964, it operates as a 501(c)(3) organization with a small staff of two employees. The foundation is supported by the Smith Richardson Foundation and maintains significant assets to support its grantmaking activities.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$81.3M
+9.1% YoY
Annual Giving
$2.2M
-12.7% YoY
Grant Count
329
-3.8% YoY
Avg Grant Size
$7K
-9.3% YoY
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.
Mission & Focus Areas
The foundation supports organizations in carrying out their exempt purposes, with primary focus areas including:
- Education
- Philanthropy, Voluntarism & Grantmaking
- Human Services
- Science and STEM Education
Grantmaking
The Grace Jones Richardson Testamentary Trust is an active grantmaker with substantial annual giving:
How to Apply
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Geographic Focus
Where this funder awards grants
The foundation primarily supports organizations in Connecticut, North Carolina, and New York.
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
Assets & Revenue (2023):
- Total assets: $74,555,635
- Total revenues: $8,538,997
- Total expenses: $2,878,271
Assets (2024):
- Total assets: $81,304,457
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $81,304,457 | $74,555,635 | $68,894,909 |
| Revenue | $9,326,298 | $8,538,997 | $8,659,777 |
| Expenses | $2,577,476 | $2,878,271 | $3,018,063 |
| Qualifying Distributions | $2,470,562 | $2,773,361 | $2,864,155 |
| Net Investment Income | $16,267,699 | $3,640,869 | $2,683,342 |
| Distributable Amount | $2,430,442 | $2,344,037 | $2,569,400 |
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 Brain & Behavior Research Foundation ($40,500), Center for Creative Leadership ($40,000), Cancer Research Institute Inc ($28,000).
| Recipient | Purpose | Amount |
|---|---|---|
| 10X10 PHOTOBOOKS INC NEW YORK, NY | TO ASSIST THE ORGANIZATION IN CARRYING OUT ITS EXEMPT PURPOSE | $4,000 |
| A LOTTA LOVE INC CHAPEL HILL, NC | TO ASSIST THE ORGANIZATION IN CARRYING OUT ITS EXEMPT PURPOSE | $3,000 |
| ACCION INTERNATIONAL CAMBRIDGE, MA | TO ASSIST THE ORGANIZATION IN CARRYING OUT ITS EXEMPT PURPOSE | $2,000 |
| ACE SCHOLARSHIPS GREENWOOD VILLAGE, CO | TO ASSIST THE ORGANIZATION IN CARRYING OUT ITS EXEMPT PURPOSE | $4,000 |
| ALFORD LAND TRUST INC WEST STOCKBRIDGE, MA | TO ASSIST THE ORGANIZATION IN CARRYING OUT ITS EXEMPT PURPOSE | $4,000 |
| ALOHA FOUNDATION FAIRLEE, VT | TO ASSIST THE ORGANIZATION IN CARRYING OUT ITS EXEMPT PURPOSE | $8,000 |
| ALPHA-1 FOUNDATION INC CORAL GABLES, FL | TO ASSIST THE ORGANIZATION IN CARRYING OUT ITS EXEMPT PURPOSE | $2,000 |
| AMERICAN BIRD CONSERVANCY THE PLAINS, VA | TO ASSIST THE ORGANIZATION IN CARRYING OUT ITS EXEMPT PURPOSE | $3,000 |
| AMERICAN CIVIL LIBERTIES UNION FOUNDATION INC NEW YORK, NY | TO ASSIST THE ORGANIZATION IN CARRYING OUT ITS EXEMPT PURPOSE | $5,000 |
| AMERICAN RIVERS WASHINGTON, DC | TO ASSIST THE ORGANIZATION IN CARRYING OUT ITS EXEMPT PURPOSE | $5,000 |
Leadership & Key People
Leadership team and compensation from IRS filings
- Tyler B Richardson, Trustee
- Nicolas Richardson, Trustee
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| TYLER B RICHARDSON | TRUSTEE | 1 | $55,000 |
| NICOLAS RICHARDSON | TRUSTEE | 1 | $55,000 |
Frequently Asked Questions
What does Grace Jones Richardson Testamentary fund?
The foundation supports organizations in carrying out their exempt purposes, with primary focus areas including: • Education • Philanthropy, Voluntarism & Grantmaking • Human Services • Science and STEM Education
How do I apply for a grant from Grace Jones Richardson Testamentary?
The Grace Jones Richardson Testamentary Trust is an active grantmaker with substantial annual giving: **Grant Activity:** • Made 306 grants in 2023 • Made 329 grants in 2024 • Total giving: $2,182,000 (most recent year) • Typical award range: $1,000–$150,000 • Median grant amount: $3,500 **Recent Notable Grants (2023):** • Center for Creative Leadership: $116,468 • Performing Arts Building Foundation: $65,000 • The Community of Jesus: $59,000 **Application Process:** The foundation operates on …
Where does Grace Jones Richardson Testamentary make grants?
The foundation primarily supports organizations in Connecticut, North Carolina, and New York.
What size grants does Grace Jones Richardson Testamentary award?
In 2024, Grace Jones Richardson Testamentary awarded 329 grants totaling $2.2M — an average of about $7K per grant, based on its IRS Form 990 filings.
How much is Grace Jones Richardson Testamentary required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Grace Jones Richardson Testamentary reported a distributable amount of $2.4M on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
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.
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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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