Mike & Faye Richardson Family Foundation
Mike & Faye Richardson Family Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in OLD LYME, CT. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $3.0M in total assets. In 2024, it awarded 2 grants totaling $249K. Net investment income was $110K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$3.0M
-3.8% YoY
Annual Giving
$249K
-4.2% YoY
Grant Count
2
+0.0% YoY
Avg Grant Size
$124K
-4.2% YoY
Under IRS private-foundation payout rules, Mike & Faye Richardson Family Foundation reported a distributable amount of $164K for 2024 — the minimum it must pay out in qualifying distributions.
About Mike & Faye Richardson Family Foundation
Based on IRS filings
Mike & Faye Richardson Family Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in OLD LYME, CT. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $3.0M in total assets. In 2024, it awarded 2 grants totaling $249K. Net investment income was $110K.
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 | $3,035,012 | $3,155,883 | $3,538,756 |
| Revenue | $101,593 | $178,503 | $138,838 |
| Expenses | $302,657 | $319,686 | $306,156 |
| Qualifying Distributions | $284,109 | $299,069 | $286,824 |
| Net Investment Income | $110,498 | $157,886 | $119,505 |
| Distributable Amount | $164,331 | $162,337 | $177,958 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 2 recipients in 2024
Grant Size Distribution
17 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Afosa ($218,700), Kind ($30,000).
| Recipient | Purpose | Amount |
|---|---|---|
| AFOSA | CONTINUATION OF OUR LONG-TERM COMMUNITY DEVELOPMENT PROJECT IN SIERRA DEL LACANDON NATIONAL PARK IN PETEN, GUATEMALA. | $218,700 |
| KIND WASHINGTON, DC | PROGRAM TO HELP PREVENT CHILDREN IN POOR COMMUNITIES IN RURAL GUATEMALA FROM ILLEGAL MIGRATION TO THE UNITED STATES. | $30,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| J MICHAEL RICHARDSON | TRUSTEE | 2 | — |
| FAYE RICHARDSON | TRUSTEE | 2 | — |
| PETER RICHARDSON | TRUSTEE | 1 | — |
| THOMAS RICHARDSON | TRUSTEE | 1 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Mike & Faye Richardson Family Foundation?
Mike & Faye Richardson Family Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in OLD LYME, CT. It holds $3.0M in total assets as of 2024.
How large is Mike & Faye Richardson Family Foundation?
As of 2024, Mike & Faye Richardson Family Foundation holds $3.0M in total assets with $102K in annual revenue. It awarded 2 grants totaling $249K in 2024.
Where does Mike & Faye Richardson Family Foundation operate?
Mike & Faye Richardson Family Foundation has awarded grants in Connecticut, District of Columbia, New Jersey, New York, Oklahoma, Virginia.
What size grants does Mike & Faye Richardson Family Foundation award?
In 2024, Mike & Faye Richardson Family Foundation awarded 2 grants totaling $249K — an average of about $124K per grant, based on its IRS Form 990 filings.
How much is Mike & Faye Richardson Family Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Mike & Faye Richardson Family Foundation reported a distributable amount of $164K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Mike & Faye Richardson Family Foundation's EIN?
Mike & Faye Richardson Family Foundation's EIN (Employer Identification Number) is 81-4067604. IRS Form 990 filing data is available on this page for 2020–2024.
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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