R Gene and Nancy D Richter is a private foundation focused on Education, based in SALINE, MI. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $856K in total assets. In 2024, it awarded 2 grants totaling $33K. Net investment income was $18K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$856K
+5.0% YoY
Annual Giving
$33K
+62.5% YoY
Grant Count
2
+100.0% YoY
Avg Grant Size
$16K
-18.8% YoY
Under IRS private-foundation payout rules, R Gene and Nancy D Richter reported a distributable amount of $39K for 2024 — the minimum it must pay out in qualifying distributions.
About R Gene and Nancy D Richter
Based on IRS filings
R Gene and Nancy D Richter is a private foundation focused on Education, based in SALINE, MI. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $856K in total assets. In 2024, it awarded 2 grants totaling $33K. Net investment income was $18K.
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 | $855,882 | $815,407 | $721,625 |
| Revenue | $17,629 | $30,178 | $-17,734 |
| Expenses | $35,897 | $33,724 | $54,760 |
| Qualifying Distributions | $35,897 | $33,704 | $54,742 |
| Net Investment Income | $17,629 | $20,001 | $12,626 |
| Distributable Amount | $39,278 | $35,945 | $39,153 |
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
13 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Institute for Supply Management ($30,000), Saline Area Social Services ($2,500).
| Recipient | Purpose | Amount |
|---|---|---|
| INSTITUTE FOR SUPPLY MANAGEMENT TEMPE, AZ | SCHOLARSHIPS | $30,000 |
| SALINE AREA SOCIAL SERVICES SALINE, MI | GIFTS & CONTRIBUTIONS | $2,500 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| NANCY RICHTER | PRESIDENT | — | — |
| FRANK RICHTER | DIRECTOR | — | — |
| ELIZABETH M RICHTER | DIRECTOR | — | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is R Gene and Nancy D Richter?
R Gene and Nancy D Richter is a private foundation focused on Education, based in SALINE, MI. It holds $856K in total assets as of 2024.
How large is R Gene and Nancy D Richter?
As of 2024, R Gene and Nancy D Richter holds $856K in total assets with $18K in annual revenue. It awarded 2 grants totaling $33K in 2024.
Where does R Gene and Nancy D Richter operate?
R Gene and Nancy D Richter has awarded grants in Arizona, Michigan, New York.
What size grants does R Gene and Nancy D Richter award?
In 2024, R Gene and Nancy D Richter awarded 2 grants totaling $33K — an average of about $16K per grant, based on its IRS Form 990 filings.
How much is R Gene and Nancy D Richter required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, R Gene and Nancy D Richter reported a distributable amount of $39K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is R Gene and Nancy D Richter's EIN?
R Gene and Nancy D Richter's EIN (Employer Identification Number) is 16-1679880. 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.