Mike & Faye Richardson Family Foundation
Mike & Faye Richardson Family Foundation is a private foundation, based in Old Lyme, CT. IRS filing data is available from 2019 through 2025. As of 2025, the organization holds $3.1M in total assets. In 2025, it awarded 2 grants totaling $253K. Net investment income was $219K.
Mike & Faye Richardson Family Foundation at a glance
In short: Mike & Faye Richardson Family Foundation gave $253K across 2 grants in 2025 (avg $127K), top state District of Columbia. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $253,200
- +1.8% vs 2024
- Grants made (2025)
- 2
- +0.0% vs 2024
- Average grant
- $126,600
- +1.8% vs 2024
- Median grant
- $126,600
- Total assets
- $3,073,981
- +1.3% vs 2024
- Primary geography
- District of Columbia (12% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990-PF, 2025 View filing
Data from IRS Form 990-PF, 2025; updated November 2026.
Who Mike & Faye Richardson Family Foundation funds
How this funder distributes its grants
Top Recipients
Top 2 recipients in 2025
The largest 2025 recipient was Afosa ($223K). Together the top 2 received $253K.
Grant Size Distribution
15 grants across all recorded years
The most common grant size was under $50K: 10 grants of 15 (67%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2025 grant dollars across all 2 itemized grants.
Cities
How Mike & Faye Richardson Family Foundation gives
- Giving held roughly steady from 2022 to 2025 (−3%). Method
- In 2025 it paid out 165% 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 2019 to 2025, annual grant giving ranged from $184K (2019) to $327K (2021). In 2025 it made 2 grants totaling $253K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Afosa | Continuation of our long-term community development project in sierra del lacandon national park in peten, guatemala. | $223,200 |
| Kind Washington, DC | Program to help prevent children in poor communities in rural guatemala from illegal migration to the united states. | $30,000 |
Ready to take the next step with Mike & Faye Richardson Family Foundation?
Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Net Investment Income | Distributable Amount |
|---|---|---|---|---|---|---|---|---|
| 2025 | $3,073,981 | $238,459 | $291,967 | $253,200 | 2 | $272,772 | $219,263 | $165,486 |
| 2024 | $3,035,012 | $101,593 | $302,657 | $248,700 | 2 | $284,109 | $110,498 | $164,331 |
| 2023 | $3,155,883 | $178,503 | $319,686 | $259,700 | 2 | $299,069 | $157,886 | $162,337 |
| 2022 | $3,538,756 | $138,838 | $306,156 | $260,341 | 3 | $286,824 | $119,505 | $177,958 |
| 2021 | $3,709,486 | $228,144 | $367,381 | $327,325 | 6 | $351,253 | $212,016 | $186,793 |
| 2020 | $3,587,101 | $92,925 | $274,078 | $218,503 | 4 | — | $100,542 | $186,173 |
| 2019 | $3,768,254 | $111,349 | $229,153 | $183,506 | 5 | — | $123,078 | $184,918 |
Under IRS private-foundation payout rules, Mike & Faye Richardson Family Foundation reported a distributable amount of $165K for 2025 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
Mike & Faye Richardson Family Foundation's 2025 filing lists 4 officers; none of the 4 officers listed in 2025 report compensation.
Officers on the 2025 filing
Faye Richardson
Trustee
On filings since 2019
2 hrs/week
No compensation reported
J. Michael Richardson
Trustee
On filings since 2019
2 hrs/week
No compensation reported
Peter Richardson
Trustee
On filings since 2019
1 hr/week
No compensation reported
Thomas Richardson
Trustee
On filings since 2019
1 hr/week
No compensation reported
Data from IRS Form 990 filings, 2019–2025. "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 Mike & Faye Richardson Family Foundation
How much does Mike & Faye Richardson Family Foundation give each year?
Mike & Faye Richardson Family Foundation gave $253K across 2 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $249K across 2 grants.
How large is Mike & Faye Richardson Family Foundation?
Mike & Faye Richardson Family Foundation reported $3.1M in total assets on its 2025 IRS Form 990-PF. It paid out $273K in qualifying distributions that year, against a required minimum of $165K (roughly 5% of its investment assets).
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 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 2019–2025.
Data last updated November 2026. Sourced from IRS Form 990-PF filings.
Data update history
(3)
When this profile's IRS filing data changed on Grantable
- Added Form 990-PF for fiscal year 2019 (received by the IRS April 21, 2020)
- Added Form 990-PF for fiscal year 2025 (received by the IRS September 22, 2026)
- IRS filings on file for fiscal years 2020–2024
Live grants for the work Mike & Faye Richardson Family Foundation funds
Philanthropy, Voluntarism & Grantmaking Open opportunities, soonest deadline first.
Explore Open Grants
Browse active grant opportunities in Mike & Faye Richardson Family Foundation's focus areas in our free grants database
Similar Funders
Funders with grantees in common
Duke Energy Foundation
Charlotte, NC
The Duke Energy Foundation funds workforce and local economic development, disaster resilience, conservation, clean water, and economic opportunity in North Carolina, South Carolina, Florida, Ohio, Kentucky, and Indiana. Its 2024 grants had a median of $25,000; applications for grants of $20,000 or less are accepted year-round, after applicants discuss proposals with a state representative.
Assets
$1.9M
Grants
41
Total Given
$25.6M
Bristol-Myers Squibb Foundation Inc
Princeton, NJ
The Bristol-Myers Squibb Foundation supports health access and stronger health systems, with a focus on adult and pediatric cancers, blood disorders, brain health, and clinical-trial participation in the United States, Brazil, India, and ten Sub-Saharan African countries. In 2024, its median grant was about $134,000, though awards varied widely; it does not state whether it accepts unsolicited requests, and advises prospective applicants to contact the Foundation about its process.
Assets
$83.3M
Grants
144
Total Given
$67.7M
United Way Worldwide
Alexandria, VA
United Way Worldwide funds community programs focused on youth opportunity, health, financial security, education, and disaster relief, with 2024 grants made across multiple U.S. states and internationally. Its 209 reported grants ranged from $5,100 to $736,333, with a median of $22,675. It does not state whether it accepts unsolicited grant requests.
Assets
$68.0M
Grants
209
Total Given
$11.4M
Caplin Foundation
Wilmington, DE
The Caplin Foundation supports arts education, community development, nonprofit capacity, children’s services, and environmental protection. Its 2025 grants ranged from $200 to $25,000, with a median of $1,000, and were concentrated in Virginia, followed by California and Michigan. It funds only preselected charitable organizations and does not accept unsolicited requests.
Assets
$4.4M
Grants
212
Total Given
$403K
American Tower Corporation Foundation
Boston, MA
Assets
$15.4M
Grants
632
Total Given
$1.7M
The Yelp Foundation
San Francisco, CA
Assets
$6.2M
Grants
644
Total Given
$886K
More similar funders
More Funders in Connecticut
The filing figures on this page are open data under CC BY 4.0. About GrantGraph Open
Figures come from Mike & Faye Richardson Family Foundation's IRS filings (methodology). AI-written summaries, news items and logos are not covered by the open licence. Spot an error? Email hello@grantable.co.
Mike & Faye Richardson Family Foundation down — hundreds of funders to go?