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 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.
Mike & Faye Richardson Family Foundation at a glance
In short: Mike & Faye Richardson Family Foundation gave $249K across 2 grants in 2024 (avg $124K), top state District of Columbia. Source: 2024 IRS Form 990-PF.
- Annual giving (2024)
- $248,700
- -4.2% vs 2023
- Grants made (2024)
- 2
- +0.0% vs 2023
- Average grant
- $124,350
- -4.2% vs 2023
- Median grant
- $124,350
- Total assets
- $3,035,012
- -3.8% vs 2023
- Primary geography
- District of Columbia (12% of itemized 2024 grant dollars)
- Latest 990 filing
- Form 990-PF, 2024 View filing
Data from IRS Form 990-PF, 2024; updated September 2026.
Who Mike & Faye Richardson Family Foundation funds
How this funder distributes its grants
Top Recipients
Top 2 recipients in 2024
The largest 2024 recipient was Afosa ($219K). Together the top 2 received $249K.
Grant Size Distribution
17 grants across all recorded years
The most common grant size was under $50K: 12 grants of 17 (71%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2024 grant dollars across all 2 itemized grants.
Cities
How Mike & Faye Richardson Family Foundation gives
- Giving fell 24% from 2021 to 2024. Method
- In 2024 it paid out 173% 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 $219K (2020) to $327K (2021). In 2024 it made 2 grants totaling $249K.
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. | $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 |
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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 | $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 |
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.
Leadership & Key People
Officers and directors from IRS filings
Mike & Faye Richardson Family Foundation's 2024 filing lists 4 officers; none of the 4 officers listed in 2024 report compensation.
Officers on the 2024 filing
Faye Richardson
Trustee
On filings since 2020
2 hrs/week
No compensation reported
J. Michael Richardson
Trustee
On filings since 2020
2 hrs/week
No compensation reported
Peter Richardson
Trustee
On filings since 2020
1 hr/week
No compensation reported
Thomas Richardson
Trustee
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 Mike & Faye Richardson Family Foundation
How much does Mike & Faye Richardson Family Foundation give each year?
Mike & Faye Richardson Family Foundation gave $249K across 2 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $260K across 2 grants.
How large is Mike & Faye Richardson Family Foundation?
Mike & Faye Richardson Family Foundation reported $3.0M in total assets on its 2024 IRS Form 990-PF. It paid out $284K in qualifying distributions that year, against a required minimum of $164K (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 2020–2024.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
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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