Louise W and Luther W Richardson
Louise W and Luther W Richardson is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in TUSCALOOSA, AL. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $2.1M in total assets. In 2024, it awarded 8 grants totaling $85K. Net investment income was $69K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$2.1M
-1.9% YoY
Annual Giving
$85K
+10.4% YoY
Grant Count
8
+166.7% YoY
Avg Grant Size
$11K
-58.6% YoY
Under IRS private-foundation payout rules, Louise W and Luther W Richardson reported a distributable amount of $111K for 2024 — the minimum it must pay out in qualifying distributions.
About Louise W and Luther W Richardson
Based on IRS filings
Louise W and Luther W Richardson is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in TUSCALOOSA, AL. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $2.1M in total assets. In 2024, it awarded 8 grants totaling $85K. Net investment income was $69K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $2,081,968 | $2,122,678 | $2,206,320 |
| Revenue | $68,686 | $16,240 | $2,259,104 |
| Expenses | $109,396 | $99,882 | $55,617 |
| Qualifying Distributions | $85,000 | $77,000 | $40,000 |
| Net Investment Income | $68,686 | $46,913 | $36,047 |
| Distributable Amount | $111,173 | $102,717 | $97,670 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 8 recipients in 2024
Grant Size Distribution
14 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Christ Episcopal Church ($26,000), Monteagle Assembly Endowment Fund Corporation ($25,000), Historic Tuscaloosa ($10,000).
| Recipient | Purpose | Amount |
|---|---|---|
| CHRIST EPISCOPAL CHURCH TUSCALOOSA, AL | GENERAL OPERATIONS | $26,000 |
| MONTEAGLE ASSEMBLY ENDOWMENT FUND CORPORATION MONTEAGLE, TN | TO SUPPORT THE ORGANIZATION'S MISSION TO ENHANCE SUNDAY SCHOOL PROGRAMS | $25,000 |
| MAGIC MOMENTS BIRMINGHAM, AL | GENERAL OPERATIONS | $1,000 |
| HISTORIC TUSCALOOSA TUSCALOOSA, AL | GENERAL OPERATIONS | $10,000 |
| UNIVERSITY OF ALABAMA TUSCALOOSA, AL | GENERAL OPEARTIONS | $5,000 |
| ST THOMAS EPISCOPAL - BURNSVILLE NC BURNSVILLE, NC | GENERAL OPERATIONS | $5,000 |
| CHIEF AND CALLA BELL SCHOLARSHIP FOUNDATION FLAT ROCK, NC | GENERAL OPERATIONS | $10,000 |
| RISE PROGRAM TUSCALOOSA, AL | DEVELOPMENT FUND | $3,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| LUTHER RICHARDSON III | TRUSTEE | 0.25 | — |
| LOUISE RICHARDSON MANZELLA | TRUSTEE | 0.25 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Louise W and Luther W Richardson?
Louise W and Luther W Richardson is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in TUSCALOOSA, AL. It holds $2.1M in total assets as of 2024.
How large is Louise W and Luther W Richardson?
As of 2024, Louise W and Luther W Richardson holds $2.1M in total assets with $69K in annual revenue. It awarded 8 grants totaling $85K in 2024.
Where does Louise W and Luther W Richardson operate?
Louise W and Luther W Richardson has awarded grants in Alabama, North Carolina, Tennessee.
What size grants does Louise W and Luther W Richardson award?
In 2024, Louise W and Luther W Richardson awarded 8 grants totaling $85K — an average of about $11K per grant, based on its IRS Form 990 filings.
How much is Louise W and Luther W Richardson required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Louise W and Luther W Richardson reported a distributable amount of $111K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Louise W and Luther W Richardson's EIN?
Louise W and Luther W Richardson's EIN (Employer Identification Number) is 20-6120980. IRS Form 990 filing data is available on this page for 2020–2024.
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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