Martin W Richard Charitable Foundation Inc logo

Martin W Richard Charitable Foundation Inc

Foundation · Grantmaker Dorchester, MA EIN: 35-2491896 Website

To honor the memory of martin w. Richard's message of "no more hurting people" by raising funds to invest in education, athletics and community.

Key facts about Martin W Richard Charitable Foundation Inc

In short: Martin W Richard Charitable Foundation Inc gave $462K across 22 grants in 2024 (avg $21K), mostly in Massachusetts. 32% of 2024 grantees were new. Source: 2024 IRS Form 990 filing.

EIN
35-2491896
Latest 990 filing
Form 990 filing, 2024
Annual giving (2024)
$462,361
Grants made (2024)
22
Average grant
$21,016
Median grant
$10,280
New grantees (estimate)
32% first-time grantees (7 of 22, 2024)
Total assets
$2,331,677
Primary geography
Massachusetts (94% of itemized 2024 grant dollars)

Data from IRS Form 990 filing, 2024; updated September 2026. New grantees are estimated by matching recipient names across years (methodology).

Financial Overview

From 2024 IRS Form 990 filing · View filing

Total Assets

$2.3M

-18.7% YoY

Annual Giving

$462K

-51.8% YoY

Grant Count

22

+4.8% YoY

Avg Grant Size

$21K

-54.0% YoY

Is Martin W Richard Charitable Foundation Inc open to new grantees?

32%

first-time grantees, 2024

In 2024, 7 of 22 grantees (32%) were first-time recipients. First grants averaged $22K; repeat grants $21K. How we count

Medians: $10K first-time, $18K repeat.

  • 55% of 2024 grantees were also funded in 2023. Method
  • Giving fell 38% from 2021 to 2024. Method

Estimate from itemized grant lists in IRS Form 990 filings (2020–2024). Recipient names are matched across years, so a renamed or misspelled grantee can look new; grants to individuals are left out. Methodology.

About Martin W Richard Charitable Foundation Inc

Based on IRS filings

Martin W Richard Charitable Foundation Inc is a nonprofit organization focused on Philanthropy, Voluntarism & Grantmaking, based in Dorchester, MA. IRS filing data is available from 2019 through 2024. As of 2024, the organization holds $2.3M in total assets. In 2024, it awarded 22 grants totaling $462K. Net investment income was $313K.

Open Grants

2 open opportunities from Martin W Richard Charitable Foundation Inc

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

5states

Share of all 22 itemized 2024 grant dollars.

Cities

BostonDorchesterNeedhamBrightonFoxboroBridgewaterFoxboroughJamaica PlainWorcesterAttleboroBelmontBrooklineJamica PlainMattapanMedfieldMiami GardensRoslindaleSalemTampa

Giving Over Time

Total grant dollars and number of grants per year

$0$500K$1M$1.5M0 grants201921 grants202017 grants202130 grants202221 grants202322 grants2024

Grant Insights

How this funder distributes its grants

Top Recipients

Top 10 recipients in 2024

Mass General Brigham McLean: $100KMass General Brigham McLean$100KLouis D Brown Peace Institute: $50KLouis D Brown Peace Institute$50KBoys and Girls Club of Dorchester: $43KBoys and Girls Club ofDorchester$43KYouth Enrichment Services: $30KYouth Enrichment Services$30KRodman Ride for Kids Inc: $27KRodman Ride for Kids Inc$27KJFK Library Foundation: $25KJFK Library Foundation$25KBoston Uncornered a Solution by College Bound Dor: $25KBoston Uncornered a Solutionby College Bound Dor$25KDorchester Education Enrichment Program: $25KDorchester EducationEnrichment Program$25KZoo New England: $18KZoo New England$18KGreater Ashmont Main Streets: $13KGreater Ashmont Main Streets$13K

Grant Size Distribution

111 grants across all recorded years

95<$50K6$50–100K5$100–250K5$250–500K$500K–1M$1–5M$5M+

Giving History

Grant recipients and amounts by year

RecipientPurposeAmount
MASS GENERAL BRIGHAM MCLEAN Belmont, MATHE LAW ENFORCEMENT, ACTIVE DUTY, EMERGENCY RESPONDER PROGRAM.$100,000
LOUIS D BROWN PEACE INSTITUTE Dorchester, MAUNRESTRICTED$50,000
BOYS AND GIRLS CLUB OF DORCHESTER Dorchester, MATO MAKE A POSITIVE IMPACT ON YOUTH AND THEIR FAMILIES WITHIN THE COMMUNITY.$43,151
YOUTH ENRICHMENT SERVICES Boston, MAUNRESTRICTED$30,000
RODMAN RIDE FOR KIDS INC Foxboro, MAUNRESTRICTED$26,500
JFK LIBRARY FOUNDATION Boston, MATO PROVIDE FINANCIAL SUPPORT, STAFFING AND CREATIVE RESOURCES TO THE JFK PRESIDENTIAL LIBRARY AND MUSEUM.$25,000
BOSTON UNCORNERED A SOLUTION BY COLLEGE BOUND DOR Dorchester, MAUNRESTRICTED$25,000
DORCHESTER EDUCATION ENRICHMENT PROGRAM Dorchester, MAUNRESTRICTED$25,000
ZOO NEW ENGLAND Dorchester, MSUNRESTRICTED$17,500
GREATER ASHMONT MAIN STREETS Dorchester, MAUNRESTRICTED$13,000

Financial History

Multi-year comparison from IRS filings

Revenue
Expenses
Qualifying Distributions
Net Investment Income
$0$1M$2M$3M201920202021202220232024
Metric202420232022
Total Assets$2,331,677$2,869,172$2,724,200
Revenue$1,018,800$1,439,990$557,428
Expenses$1,018,946$1,483,123$1,900,430
Qualifying Distributions———
Net Investment Income$312,523$125,178$88,600
Distributable Amount———

Data update history

When this profile's IRS filing data changed on Grantable

  1. IRS filings on file for fiscal years 2019–2024

Leadership & Key People

Officers and directors from IRS filings

Martin W Richard Charitable Foundation Inc is led by Denise K. Richard, President on every filing since 2019; none of the 7 officers listed in 2024 report compensation.

Officers on the 2024 filing

  • Denise K. Richard

    President

    On filings since 2019

    No compensation reported

  • Brendan McDonough

    Director

    On filings since 2019

    No compensation reported

  • Dot Joyce

    Director

    On filings since 2019

    No compensation reported

  • Vicky Shen

    Director

    On filings since 2019

    No compensation reported

  • Erin G. O'Brien

    Assistant Clerk

    On filings since 2019

    No compensation reported

  • John E. Hernandez

    Clerk

    On filings since 2019

    No compensation reported

  • William A. Richard

    Treasurer

    On filings since 2019

    No compensation reported

Data from IRS Form 990 filings, 2019–2024. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.

Frequently asked questions about Martin W Richard Charitable Foundation Inc

How much does Martin W Richard Charitable Foundation Inc give each year?

Martin W Richard Charitable Foundation Inc gave $462K across 22 grants in 2024, according to its 2024 IRS Form 990 filing. In 2023 it gave $960K across 21 grants.

What is Martin W Richard Charitable Foundation Inc's typical grant size?

Martin W Richard Charitable Foundation Inc's median grant in 2024 was $10,280, and its average grant was $21,016, across 22 grants on its 2024 IRS Form 990 filing. Organizations receiving their first grant from Martin W Richard Charitable Foundation Inc that year got $22K on average.

Where does Martin W Richard Charitable Foundation Inc give grants?

Martin W Richard Charitable Foundation Inc gives mostly in Massachusetts: 94% of the grant dollars itemized on its 2024 IRS Form 990 filing went to recipients there. The most frequent recipient cities were Boston, MA (9 grants) and Dorchester, MA (6 grants).

Does Martin W Richard Charitable Foundation Inc give general operating support?

Yes: 82% of Martin W Richard Charitable Foundation Inc's 2024 grants with a stated purpose (18 of 22) were for general or operating support, per its 2024 IRS Form 990 filing.

Who are Martin W Richard Charitable Foundation Inc's largest grantees?

Martin W Richard Charitable Foundation Inc's largest 2024 grantees include Mass General Brigham McLean ($100,000), Louis D Brown Peace Institute ($50,000) and Boys and Girls Club of Dorchester ($43,151), according to its 2024 IRS Form 990 filing. Together they received 42% of its itemized 2024 grant dollars.

How large is Martin W Richard Charitable Foundation Inc?

Martin W Richard Charitable Foundation Inc reported $2.3M in total assets on its 2024 IRS Form 990 filing. Its revenue that year was $1.0M.

What is Martin W Richard Charitable Foundation Inc?

Martin W Richard Charitable Foundation Inc is a nonprofit organization focused on Philanthropy, Voluntarism & Grantmaking, based in Dorchester, MA. It holds $2.3M in total assets as of 2024.

What is Martin W Richard Charitable Foundation Inc's EIN?

Martin W Richard Charitable Foundation Inc's EIN (Employer Identification Number) is 35-2491896. IRS Form 990 filing data is available on this page for 2019–2024.

Data last updated September 2026. Sourced from IRS Form 990 filings.

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