RC Colton Jr Foundation Inc
RC Colton Jr Foundation Inc is a private foundation, based in New Orleans, LA. IRS filing data is available from 2021 through 2024. As of 2024, the organization holds $3.6M in total assets. In 2024, it awarded 8 grants totaling $284K. Net investment income was $380K.
RC Colton Jr Foundation Inc at a glance
In short: RC Colton Jr Foundation Inc gave $284K across 8 grants in 2024 (avg $36K), mostly in Virginia. Source: 2024 IRS Form 990-PF.
- Annual giving (2024)
- $284,000
- -31.6% vs 2023
- Grants made (2024)
- 8
- +300.0% vs 2023
- Average grant
- $35,500
- -82.9% vs 2023
- Median grant
- $15,000
- Total assets
- $3,633,387
- +1.6% vs 2023
- Primary geography
- Virginia (63% 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 RC Colton Jr Foundation Inc funds
How this funder distributes its grants
Top Recipients
Top 8 recipients in 2024
The largest 2024 recipient was Sweet Briar College ($175K). Together the top 8 received $284K.
Grant Size Distribution
11 grants across all recorded years
The most common grant size was under $50K: 9 grants of 11 (82%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2024 grant dollars across all 8 itemized grants.
Cities
How RC Colton Jr Foundation Inc gives
- In 2024 it paid out 144% 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 2022 to 2024, annual grant giving ranged from $40K (2022) to $415K (2023). In 2024 it made 8 grants totaling $284K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Sweet Briar College Sweet Briar, VA | General | $175,000 |
| Loyola University New Orleans New Orleans, LA | Women's Basketball Locker Room | $40,000 |
| Children's Hospital New Orleans, LA | Morgan RAE Center for Hope | $20,000 |
| St Michael Special School New Orleans, LA | General | $15,000 |
| Holy Name of Jesus New Orleans, LA | General | $15,000 |
| Center for Big Bend Studies Alpine, TX | Friends of the Center for Big Bend Studies | $10,000 |
| Amateur Riders Club of America Middleburg, VA | General | $5,000 |
| Carrollton Boosters New Orleans, LA | Avenger Field | $4,000 |
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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 | $3,633,387 | $413,701 | $355,953 | $284,000 | 8 | $314,176 | $379,698 | $218,357 |
| 2023 | $3,575,639 | $187,368 | $521,281 | $415,000 | 2 | $433,364 | $146,840 | $197,995 |
| 2022 | $3,911,652 | $3,975,203 | $71,331 | $40,000 | 1 | $48,631 | $3,952,453 | $169,534 |
| 2021 | $5,680 | $5,069,968 | — | — | — | — | — | $21,825 |
Under IRS private-foundation payout rules, RC Colton Jr Foundation Inc reported a distributable amount of $218K for 2024 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
RC Colton Jr Foundation Inc is led by Richard C. Colton Jr., President on every filing since 2021; all 5 officers listed in 2024 are compensated.
Officers on the 2024 filing
Richard C. Colton Jr.
President
On filings since 2021
10 hrs/week
$500 (2023) → $500 (2024)
John F. Carrere
Director
On filings since 2021
1 hr/week
$500 (2023) → $500 (2024)
Beverly R. Nichols
Treasurer
Secretary & Treasurer → Treasurer, 2023
On filings since 2021
2 hrs/week
$500 (2023) → $500 (2024)
Matthew Waldron
Vice President
Director → Vice President, 2024
On filings since 2021
2 hrs/week
$500 (2023) → $500 (2024)
Betsy Laborde
Secretary
On filings since 2023
2 hrs/week
$500 (2023) → $500 (2024)
Data from IRS Form 990 filings, 2021–2024. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Compensation Overview
From 2024 IRS filing
The highest reported compensation on the 2024 filing was $500, to Richard C Colton Jr (President). 5 officers or directors reported compensation on that filing.
Frequently asked questions about RC Colton Jr Foundation Inc
How much does RC Colton Jr Foundation Inc give each year?
RC Colton Jr Foundation Inc gave $284K across 8 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $415K across 2 grants.
What is RC Colton Jr Foundation Inc's typical grant size?
RC Colton Jr Foundation Inc's median grant in 2024 was $15,000, and its average grant was $35,500, across 8 grants on its 2024 IRS Form 990-PF.
Where does RC Colton Jr Foundation Inc give grants?
RC Colton Jr Foundation Inc gives mostly in Virginia: 63% of the grant dollars itemized on its 2024 IRS Form 990-PF went to recipients there. The next largest state was Louisiana (33%). The most frequent recipient cities were New Orleans, LA (5 grants).
Does RC Colton Jr Foundation Inc give general operating support?
Yes: 50% of RC Colton Jr Foundation Inc's 2024 grants with a stated purpose (4 of 8) were for general or operating support, per its 2024 IRS Form 990-PF.
Who are RC Colton Jr Foundation Inc's largest grantees?
RC Colton Jr Foundation Inc's largest 2024 grantees include Sweet Briar College ($175,000), Loyola University New Orleans ($40,000) and Children's Hospital ($20,000), according to its 2024 IRS Form 990-PF. Together they received 83% of its itemized 2024 grant dollars.
How large is RC Colton Jr Foundation Inc?
RC Colton Jr Foundation Inc reported $3.6M in total assets on its 2024 IRS Form 990-PF. It paid out $314K in qualifying distributions that year, against a required minimum of $218K (roughly 5% of its investment assets).
What is RC Colton Jr Foundation Inc's EIN?
RC Colton Jr Foundation Inc's EIN (Employer Identification Number) is 87-3938295. IRS Form 990 filing data is available on this page for 2021–2024.
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 2021–2024
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