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
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
No grants recorded for .
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
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Similar funders by location and focus area
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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