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.
Key facts about Mar C Richards Char Found Inc
- EIN
- 35-2063157
- Latest 990 filing
- Form 990-PF, 2024
- Annual giving (2024)
- $269,500
- Grants made (2024)
- 17
- Average grant
- $15,853
- Median grant
- $10,000
- New grantees (estimate)
- 47% first-time grantees (8 of 17, 2024)
- Total assets
- $1,227,340
- Primary geography
- Indiana (57% of itemized 2024 grant dollars)
Data from IRS Form 990-PF, 2024; updated September 2026. New grantees are estimated by matching recipient names across years (methodology).
Who Mar C Richards Char Found Inc funds
By grant dollars, the top recipient states for Mar C Richards Char Found Inc's 17 itemized 2024 grants were Indiana (57%), North Carolina (26%) and Florida (13%). The most frequent recipient cities were Indianapolis, IN (10 grants). None of its 17 grants with a stated purpose were described as general or operating support. Recurring purposes include "To Fund Operations" (17 grants).
Is Mar C Richards Char Found Inc open to new grantees?
47%
first-time grantees, 2024
In 2024, 8 of 17 grantees (47%) were first-time recipients. First grants averaged $9K; repeat grants $22K. How we count
Medians: $8K first-time, $13K repeat.
- 53% of 2024 grantees were also funded in 2023. Method
- Giving grew 201% from 2021 to 2024. Method
- In 2024 it paid out 419% of its IRS minimum distribution (the 5% rule). Method
Estimate from itemized IRS Form 990-PF grant lists (2020–2024). Recipient names are matched across years, so a renamed or misspelled grantee can look new; grants to individuals are left out. Methodology.
Next steps with Mar C Richards Char Found Inc
- How to evaluate Mar C Richards Char Found Inc as a funder
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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
Ready to take the next step with Mar C Richards Char Found Inc?
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of all 17 itemized 2024 grant dollars.
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 |
Data update history
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2024
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 recipients include Samaritan's Purse ($70,000), Geist Christian Church ($38,000), Assistance League of Indianapolis ($25,000).
| Recipient | Purpose | Amount |
|---|---|---|
| SAMARITAN'S PURSE Boone, NC | TO FUND OPERATIONS | $70,000 |
| GEIST CHRISTIAN CHURCH Indianapolis, IN | TO FUND OPERATIONS | $38,000 |
| ASSISTANCE LEAGUE OF INDIANAPOLIS Indianapolis, IN | TO FUND OPERATIONS | $25,000 |
| PAWS ASSISTANCE INC Naples, FL | TO FUND OPERATIONS | $25,000 |
| HVAF OF INDIANA INC Indianapolis, IN | TO FUND OPERATIONS | $20,000 |
| NATIONAL KIDNEY FDN OF INDIANA Indianapolis, IN | TO FUND OPERATIONS | $15,000 |
| UNBREAKABLE ATHLETICS ACADEMY Plainfield, IN | TO FUND OPERATIONS | $12,500 |
| MARION COUNTY FIRE CHIEF Indianapolis, IN | TO FUND OPERATIONS | $10,000 |
| SHELTERING WINGS Indianapolis, IN | TO FUND OPERATIONS | $10,000 |
| TUNNEL TO TOWERS FDN Staten Island, NY | TO FUND OPERATIONS | $10,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2023 IRS filing
From 2024 IRS 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.
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Data last updated September 2026. Sourced from IRS Form 990-PF filings.