Mar C Richards Char Found Inc
Mar C Richards Char Found Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in INDIANAPOLIS, IN. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $1.2M in total assets. In 2024, it awarded 17 grants totaling $270K. Net investment income was $42K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$1.2M
-14.2% YoY
Annual Giving
$270K
+98.9% YoY
Grant Count
17
-5.6% YoY
Avg Grant Size
$16K
+110.6% YoY
Under IRS private-foundation payout rules, Mar C Richards Char Found Inc reported a distributable amount of $69K for 2024 — the minimum it must pay out in qualifying distributions.
About Mar C Richards Char Found Inc
Based on IRS filings
Mar C Richards Char Found Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in INDIANAPOLIS, IN. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $1.2M in total assets. In 2024, it awarded 17 grants totaling $270K. Net investment income was $42K.
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 | $1,227,340 | $1,430,999 | $1,551,155 |
| Revenue | $143,597 | $65,990 | $84,476 |
| Expenses | $346,411 | $185,189 | $179,651 |
| Qualifying Distributions | $289,649 | $168,425 | $161,074 |
| Net Investment Income | $41,783 | $49,226 | $65,899 |
| Distributable Amount | $69,202 | $72,271 | $80,864 |
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
81 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Samaritan's Purse ($70,000), Geist Christian Church ($38,000), Assistance League of Indianapolis ($25,000).
| Recipient | Purpose | Amount |
|---|---|---|
| ALZHEIMERS ASSOCIATION INDIANAPOLIS, IN | TO FUND OPERATIONS | $5,000 |
| CEO SOUTHWEST FLORIDA FORT MYERS, FL | TO FUND OPERATIONS | $5,000 |
| ASSISTANCE LEAGUE OF INDIANAPOLIS INDIANAPOLIS, IN | TO FUND OPERATIONS | $25,000 |
| BAY PRESBYTERIAN CHURCH BONITA SPRINGS, FL | TO FUND OPERATIONS | $6,000 |
| HVAF OF INDIANA INC INDIANAPOLIS, IN | TO FUND OPERATIONS | $20,000 |
| GEIST CHRISTIAN CHURCH INDIANAPOLIS, IN | TO FUND OPERATIONS | $38,000 |
| INDIANA UNIV FOUNDATION INDIANAPOLIS, IN | TO FUND OPERATIONS | $2,500 |
| JOY'S HOUSE INDIANAPOLIS, IN | TO FUND OPERATIONS | $5,000 |
| MARION COUNTY FIRE CHIEF INDIANAPOLIS, IN | TO FUND OPERATIONS | $10,000 |
| MIAMI CO HISTORICAL SOCIETY PERU, IN | TO FUND OPERATIONS | $2,500 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| MARGARET C RUSSELL | PRESIDENT & TREASURER | 8 | — |
| MARY K SCHNITZ | BOARD MEMBER | 1 | — |
| MARJORIE WILKERSON | EXEC DIR & SECY | 30 | — |
| STEPHEN L RUSSELL | BOARD MEMBER | 8 | — |
| PAM SMITH | BOARD MEMBER | 1 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Mar C Richards Char Found Inc?
Mar C Richards Char Found Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in INDIANAPOLIS, IN. It holds $1.2M in total assets as of 2024.
How large is Mar C Richards Char Found Inc?
As of 2024, Mar C Richards Char Found Inc holds $1.2M in total assets with $144K in annual revenue. It awarded 17 grants totaling $270K in 2024.
Where does Mar C Richards Char Found Inc operate?
Mar C Richards Char Found Inc has awarded grants in Florida, Indiana, North Carolina, New York, Ohio, South Carolina.
What size grants does Mar C Richards Char Found Inc award?
In 2024, Mar C Richards Char Found Inc awarded 17 grants totaling $270K — an average of about $16K per grant, based on its IRS Form 990 filings.
How much is Mar C Richards Char Found Inc required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Mar C Richards Char Found Inc reported a distributable amount of $69K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Mar C Richards Char Found Inc's EIN?
Mar C Richards Char Found Inc's EIN (Employer Identification Number) is 35-2063157. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in Mar C Richards Char Found Inc's focus areas in our free grants database
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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