Michael D Richardson Foundation Inc
Michael D Richardson Foundation Inc is a private foundation based in an individual recipient, New York. Its 2024 filing describes a scholarship process for students and reports grants to individual recipients for college education costs.
Michael D Richardson Foundation Inc at a glance
In short: Michael D Richardson Foundation Inc gave $22K across 10 grants in 2024 (avg $2K), mostly in New York. Source: 2024 IRS Form 990-PF.
- Annual giving (2024)
- $22,000
- +10.0% vs 2023
- Grants made (2024)
- 10
- +0.0% vs 2023
- Average grant
- $2,200
- +10.0% vs 2023
- Median grant
- $2,000
- Total assets
- $124,598
- -12.7% vs 2023
- Primary geography
- New York (100% of itemized 2024 grant dollars)
- Latest 990 filing
- Form 990-PF, 2024 View filing
Data from IRS Form 990-PF, 2024; updated October 2026.
How to apply to Michael D Richardson Foundation Inc
- How to Apply
-
The foundation does not restrict giving to preselected organizations. The filing lists a personal statement written by the student, a copy of the FAFSA form, a high school transcript, a college acceptance letter, and hours of community service as application materials. Awards are limited to $2,000 per recipient per year, with a maximum of eight new recipients per year and a maximum of four years, provided the student maintains a grade point average acceptable to the scholarship committee. The filing lists no deadline.
- Contact
Application contact: Ralph Richardson
Mailing address: 4435 Austin Blvd, Island Park, NY 11558
Phone: (516) 432-6900
Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.
Who Michael D Richardson Foundation Inc funds
How this funder distributes its grants
Grant Size Distribution
56 grants across all recorded years
The most common grant size was under $50K: 56 grants of 56 (100%).
Geographic Focus
Where this funder awards grants
All listed 2024 grant dollars went to recipients in New York.
Grant Distribution by State
Share of 2024 grant dollars across all 10 itemized grants.
States
Cities
How Michael D Richardson Foundation Inc gives
- Giving held roughly steady from 2021 to 2024 (−8%). Method
- In 2024 it paid out 358% of its IRS minimum distribution (the 5% rule). Method
From the foundation's IRS Form 990-PF filings. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2024, annual grant giving ranged from $20K (2023) to $25K (2020). In 2024 it made 10 grants totaling $22K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| 10 grants to individuals Recipients not named | — | $22,000 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Net Investment Income | Distributable Amount |
|---|---|---|---|---|---|---|---|---|
| 2024 | $124,598 | $3,927 | $22,060 | $22,000 | 10 | $22,060 | $3,927 | $6,161 |
| 2023 | $142,731 | $4,342 | $21,981 | $20,000 | 10 | $21,981 | $4,342 | $7,404 |
| 2022 | $160,370 | $2,966 | $26,155 | $22,000 | 11 | $24,171 | $1,044 | $8,405 |
| 2021 | $183,559 | $7,819 | $24,582 | $24,000 | 12 | $24,000 | $294 | $1,466 |
| 2020 | $200,322 | $3,285 | $27,776 | $25,000 | 13 | — | $2,620 | $512 |
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.
Research compiled by Grantable AI from public sources. Last updated October 2026.
Grantmaking
In filing year 2024, the foundation gave $22,000 through 10 grants. Grants ranged from $2,000 to $4,000, with a median of $2,000. All listed grants went to individual recipients in New York for college education costs.
Leadership & Key People
Leadership team and compensation from IRS filings
The 2024 filing lists Ralph Richardson as chairman, Nickesha Brown as secretary, John Pensabene as treasurer, and Betty Leon, A Scott Horak, and Cynthia Richardson as directors.
Michael D Richardson Foundation Inc is led by Ralph Richardson, Chairman on every filing since 2020; none of the 6 officers listed in 2024 report compensation.
Officers on the 2024 filing
Ralph Richardson
Chairman
On filings since 2020
1 hr/week
No compensation reported
A. Scott Horak
Director
On filings since 2020
1 hr/week
No compensation reported
Betty Leon
Director
On filings since 2020
1 hr/week
No compensation reported
Cynthia Richardson
Director
On filings since 2020
1 hr/week
No compensation reported
John Pensabene
Treasurer
On filings since 2020
1 hr/week
No compensation reported
Nickesha Brown
Secretary
On filings since 2020
1 hr/week
No compensation reported
Data from IRS Form 990 filings, 2020–2024. "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 Michael D Richardson Foundation Inc
How much does Michael D Richardson Foundation Inc give each year?
Michael D Richardson Foundation Inc gave $22K across 10 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $20K across 10 grants.
What is Michael D Richardson Foundation Inc's typical grant size?
Michael D Richardson Foundation Inc's median grant in 2024 was $2,000, and its average grant was $2,200, across 10 grants on its 2024 IRS Form 990-PF.
Where does Michael D Richardson Foundation Inc give grants?
Michael D Richardson Foundation Inc gives mostly in New York: 100% of the grant dollars itemized on its 2024 IRS Form 990-PF went to recipients there.
Does Michael D Richardson Foundation Inc give general operating support?
Not in 2024: none of the 10 grants with a stated purpose on Michael D Richardson Foundation Inc's 2024 IRS Form 990-PF were described as general or operating support. Recurring purposes include "College Education Costs" (8 grants).
How large is Michael D Richardson Foundation Inc?
Michael D Richardson Foundation Inc reported $125K in total assets on its 2024 IRS Form 990-PF. It paid out $22K in qualifying distributions that year, against a required minimum of $6K (roughly 5% of its investment assets).
How do I apply for a grant from Michael D Richardson Foundation Inc?
The foundation does not restrict giving to preselected organizations. Eligibility and process details are in the grantmaking section of this profile. See how to apply ↑
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.
Data last updated October 2026. Sourced from IRS Form 990-PF filings. Research dossier generated October 2026.
Data update history
(1)
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2024
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