Michael D Richardson Foundation Inc is a private foundation focused on Education, based in ISLAND PARK, NY. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $125K in total assets. In 2024, it awarded 10 grants totaling $22K. Net investment income was $4K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$125K
-12.7% YoY
Annual Giving
$22K
+10.0% YoY
Grant Count
10
+0.0% YoY
Avg Grant Size
$2K
+10.0% YoY
Under IRS private-foundation payout rules, Michael D Richardson Foundation Inc reported a distributable amount of $6K for 2024 — the minimum it must pay out in qualifying distributions.
About Michael D Richardson Foundation Inc
Based on IRS filings
Michael D Richardson Foundation Inc is a private foundation focused on Education, based in ISLAND PARK, NY. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $125K in total assets. In 2024, it awarded 10 grants totaling $22K. Net investment income was $4K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $124,598 | $142,731 | $160,370 |
| Revenue | $3,927 | $4,342 | $2,966 |
| Expenses | $22,060 | $21,981 | $26,155 |
| Qualifying Distributions | $22,060 | $21,981 | $24,171 |
| Net Investment Income | $3,927 | $4,342 | $1,044 |
| Distributable Amount | $6,161 | $7,404 | $8,405 |
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
56 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Burke Kennedy ($4,000), Alanah Mason ($2,000), Alexandra Aco ($2,000).
| Recipient | Purpose | Amount |
|---|---|---|
| ALANAH MASON ISLAND PARK, NY | COLLEGE EDUCATION COSTS | $2,000 |
| ALEXANDRA ACO ISLAND PARK, NY | COLLEGE EDUCATION COSTS | $2,000 |
| DWIGHT CLARK ISLAND PARK, NY | COLLEGE EDUCATION COSTS | $2,000 |
| JANAE A TROTMAN ARVERNE, NY | COLLEGE EDUCATIONS COSTS | $2,000 |
| LANA PRIESTER JAMAICA, NY | COLLEGE EDUCATION COSTS | $2,000 |
| MICHAEL MENEGALLI OZONE PARK, NY | COLLEGE EDUCATION COSTS | $2,000 |
| MYRNETTE MILLINGTON BROOKLYN, NY | COLLEGE EDUCATION COSTS | $2,000 |
| JA'QUAN MACK PI ISLAND PARK, NY | COLLEGE EDUCATION COSTS | $2,000 |
| EMMANUEAL BOAT ISLAND PARK, NY | COLLEGE EDUCATION COSTS | $2,000 |
| BURKE KENNEDY ISLAND PARK, NY | COLLEGE EDUATION COSTS | $4,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| RALPH RICHARDSON | CHAIRMAN | 1 | — |
| NICKESHA BROWN | SECRETARY | 1 | — |
| BETTY LEON | DIRECTOR | 1 | — |
| JOHN PENSABENE | TREASURER | 1 | — |
| A SCOTT HORAK | DIRECTOR | 1 | — |
| CYNTHIA RICHARDSON | DIRECTOR | 1 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Michael D Richardson Foundation Inc?
Michael D Richardson Foundation Inc is a private foundation focused on Education, based in ISLAND PARK, NY. It holds $125K in total assets as of 2024.
How large is Michael D Richardson Foundation Inc?
As of 2024, Michael D Richardson Foundation Inc holds $125K in total assets with $4K in annual revenue. It awarded 10 grants totaling $22K in 2024.
Where does Michael D Richardson Foundation Inc operate?
Michael D Richardson Foundation Inc has awarded grants in New York.
What size grants does Michael D Richardson Foundation Inc award?
In 2024, Michael D Richardson Foundation Inc awarded 10 grants totaling $22K — an average of about $2K per grant, based on its IRS Form 990 filings.
How much is Michael D Richardson Foundation Inc required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Michael D Richardson Foundation Inc reported a distributable amount of $6K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Michael D Richardson Foundation Inc's EIN?
Michael D Richardson Foundation Inc's EIN (Employer Identification Number) is 26-1239286. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in Michael D Richardson Foundation 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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