James B Richardson Trust

DETROIT, MI EIN: 94-6505556

James B Richardson Trust is a private foundation, based in DETROIT, MI. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $284K in total assets. In 2024, it awarded 2 grants totaling $16K. Net investment income was $12K.

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$284K

-2.1% YoY

Annual Giving

$16K

-18.9% YoY

Grant Count

+0.0% YoY

Avg Grant Size

$8K

-18.9% YoY

Under IRS private-foundation payout rules, James B Richardson Trust reported a distributable amount of $18K for 2024 — the minimum it must pay out in qualifying distributions.

About James B Richardson Trust

Based on IRS filings

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

California $83K (80%)

New York $21K (20%)

States

California New York

Cities

IthacaSanta Cruz

Financial History

Multi-year comparison from IRS filings

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2024	2023	2022
Total Assets	$284,336	$290,487	$303,334
Revenue	$18,469	$13,962	$11,948
Expenses	$23,693	$26,743	$33,502
Qualifying Distributions	$16,620	$20,261	$26,453
Net Investment Income	$11,504	$7,455	$5,154
Distributable Amount	$18,371	$17,051	$17,578

Giving Over Time

Total grant dollars and number of grants per year

Grant Insights

How this funder distributes its grants

Top Recipients

Top 2 recipients in 2024

Grant Size Distribution

10 grants across all recorded years

Giving History

Grant recipients and amounts by year

Among its reported 2024 grants, the largest include Santa Cruz City Library System ($12,680), Cornell University ($3,170).

Recipient	Purpose	Amount
CORNELL UNIVERSITY ITHACA, NY	SUPPORT OF DAILY OPERATIONS	$3,170
SANTA CRUZ CITY LIBRARY SYSTEM SANTA CRUZ, CA	SUPPORT OF DAILY OPERATIONS	$12,680

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

From 2024 IRS filing

From 2024 filing

Name	Title	Hours	Compensation
COMERICA BANK	Trustee	1	$7,699

Frequently Asked Questions

How large is James B Richardson Trust?

As of 2024, James B Richardson Trust holds $284K in total assets with $18K in annual revenue. It awarded 2 grants totaling $16K in 2024.

Where does James B Richardson Trust operate?

James B Richardson Trust has awarded grants in California, New York.

What size grants does James B Richardson Trust award?

In 2024, James B Richardson Trust awarded 2 grants totaling $16K — an average of about $8K per grant, based on its IRS Form 990 filings.

How much is James B Richardson Trust required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2024, James B Richardson Trust reported a distributable amount of $18K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.