RCB Charitable Foundation Inc is a private foundation focused on Education, based in READING, MA. IRS filing data is available from 2021 through 2025. As of 2025, the organization holds $950K in total assets. In 2025, it awarded 50 grants totaling $83K. Net investment income was $194K.
Financial Overview
From 2025 IRS Form 990-PF · View filing
Total Assets
$950K
+2.2% YoY
Annual Giving
$83K
+28.6% YoY
Grant Count
50
+66.7% YoY
Avg Grant Size
$2K
-22.8% YoY
Under IRS private-foundation payout rules, RCB Charitable Foundation Inc reported a distributable amount of $45K for 2025 — the minimum it must pay out in qualifying distributions.
About RCB Charitable Foundation Inc
Based on IRS filings
RCB Charitable Foundation Inc is a private foundation focused on Education, based in READING, MA. IRS filing data is available from 2021 through 2025. As of 2025, the organization holds $950K in total assets. In 2025, it awarded 50 grants totaling $83K. Net investment income was $194K.
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 | 2025 | 2024 | 2023 |
|---|---|---|---|
| Total Assets | $949,712 | $929,128 | $879,223 |
| Revenue | $198,621 | $76,508 | $110,526 |
| Expenses | $89,785 | $72,103 | $105,083 |
| Qualifying Distributions | $85,360 | $66,619 | $98,391 |
| Net Investment Income | $194,327 | $23,663 | $29,378 |
| Distributable Amount | $44,590 | $44,134 | $40,904 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2025
Grant Size Distribution
195 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2025 grants, the largest include Family Services of the Merrimack Valley ($7,946), Greater Boston Stage Company ($6,000), Lawrence Community Works Inc ($5,000).
| Recipient | Purpose | Amount |
|---|---|---|
| AgeSpan Inc Lawrence, MA | Annual Golf Classic and Fundraisers | $2,000 |
| Andover Center for History & Culture Andover, MA | 4th Annual Summer Classic Car Show | $500 |
| Andover Senior Community Friends Andover, MA | Center's Spring Formal Dinner & Dance; Garden Funding | $1,000 |
| Boys & Girls Club of Lynn Lynn, MA | Cookout; Annual Gala; Decades Program | $2,244 |
| Bread & Roses Inc Lawrence, MA | Nourishing Our Neighbors Gala | $400 |
| Camp Fire North Shore Lynn, MA | 75th Anniversary Bash | $660 |
| Citizens Inn Inc Peabody, MA | Citizens Inn Annual Gala Of Giving 2025 | $740 |
| Community InRoads North Andover, MA | Sponsorship for Class of 2024 | $500 |
| Cultura Latina Dance Academy Inc Lynn, MA | 2024 Clda Transcendent Recital | $500 |
| Disabled And Limbless Veterans Inc Burlington, MA | Freedom Fish Lynn 2024 | $3,500 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2025 IRS filing
From 2025 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| Terrence J Bane | Director (end 12/2024) | 1 | — |
| Sally Boemer Mason | Director | 1 | — |
| Paul Bolger | Director | 1 | — |
| Yvonne Garcia | Director | 1 | — |
| Michael J Linnane | Director | 1 | — |
| James M Liston | Director | 1 | — |
| Stephen P Maio | Director (start 4/2025) | 1 | — |
| John J McCarthy Jr | Director (start 4/2025) | 1 | — |
| Michael McCarthy | Director (start 4/2025) | 1 | — |
| William McCarthy | Director (start 4/2025) | 1 | — |
| James J O'Leary | Director | 1 | — |
| Kevin R Powers | Director | 1 | — |
| Ann McGonigle Santos | Director (start 4/2025) | 1 | — |
| Kevin F Smith | Director | 1 | — |
| Abel Vargas | Director | 1 | — |
| Julieann M Thurlow | President | 1 | — |
| Anthony J Patti | Treasurer & Clerk (end 4/2025) | 1 | — |
| Carol Houle | Treasurer & Clerk (start 4/2025) | 1 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is RCB Charitable Foundation Inc?
RCB Charitable Foundation Inc is a private foundation focused on Education, based in READING, MA. It holds $950K in total assets as of 2025.
How large is RCB Charitable Foundation Inc?
As of 2025, RCB Charitable Foundation Inc holds $950K in total assets with $199K in annual revenue. It awarded 50 grants totaling $83K in 2025.
Where does RCB Charitable Foundation Inc operate?
RCB Charitable Foundation Inc has awarded grants in Illinois, Massachusetts, Minnesota, New York, South Carolina.
What size grants does RCB Charitable Foundation Inc award?
In 2025, RCB Charitable Foundation Inc awarded 50 grants totaling $83K — an average of about $2K per grant, based on its IRS Form 990 filings.
How much is RCB Charitable Foundation Inc required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2025, RCB Charitable Foundation Inc reported a distributable amount of $45K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is RCB Charitable Foundation Inc's EIN?
RCB Charitable Foundation Inc's EIN (Employer Identification Number) is 04-3466878. IRS Form 990 filing data is available on this page for 2021–2025.
Explore Open Grants
Browse active grant opportunities in RCB Charitable Foundation Inc's focus areas in our free grants database
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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