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.
Key facts about RCB Charitable Foundation Inc
- EIN
- 04-3466878
- Latest 990 filing
- Form 990-PF, 2025
- Annual giving (2025)
- $83,282
- Grants made (2025)
- 50
- Average grant
- $1,666
- Median grant
- $950
- New grantees (estimate)
- 46% first-time grantees (23 of 50, 2025)
- Total assets
- $949,712
- Primary geography
- Massachusetts (95% of itemized 2025 grant dollars)
Data from IRS Form 990-PF, 2025; updated September 2026. New grantees are estimated by matching recipient names across years (methodology).
Who RCB Charitable Foundation Inc funds
By grant dollars, the top recipient states for RCB Charitable Foundation Inc's 50 itemized 2025 grants were Massachusetts (95%) and South Carolina (5%). The most frequent recipient cities were Lawrence, MA (14 grants), Lynn, MA (8 grants), Reading, MA (5 grants) and Andover, MA (4 grants). 2% of grants with a stated purpose were for general or operating support.
Is RCB Charitable Foundation Inc open to new grantees?
46%
first-time grantees, 2025
In 2025, 23 of 50 grantees (46%) were first-time recipients. First grants averaged $1K; repeat grants $2K. How we count
Medians: $500 first-time, $1K repeat.
- 32% of 2025 grantees were also funded in 2024. Method
- Giving fell 34% from 2022 to 2025. Method
- In 2025 it paid out 191% of its IRS minimum distribution (the 5% rule). Method
Estimate from itemized IRS Form 990-PF grant lists (2021–2025). Recipient names are matched across years, so a renamed or misspelled grantee can look new; grants to individuals are left out. Methodology.
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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
Share of all 50 itemized 2025 grant dollars.
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 |
Data update history
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2021–2025
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 recipients include Family Services of the Merrimack Valley ($7,946), Greater Boston Stage Company ($6,000), Lawrence Community Works Inc ($5,000).
| Recipient | Purpose | Amount |
|---|---|---|
| Family Services of the Merrimack Valley Lawrence, MA | Capital Campaign; Bowl a Strike for Kids; Uncommon Threads | $7,946 |
| Greater Boston Stage Company Stoneham, MA | $5000 Capital Campaign; $1,000 Oliver Elementary | $6,000 |
| Lawrence Community Works Inc Lawrence, MA | Year 3 Of 3 Campaign For Dyeworks | $5,000 |
| Lawrence Partnership Lawrence, MA | FY25 Board Contribution For Julie Thurlow | $5,000 |
| LEO Inc Lynn, MA | 3rd Installment Of 5 Year Pledge The Campaign For Leo's Preschool | $5,000 |
| YMCA of Metro North Peabody, MA | Metro North Leader Sponsor 2025 | $5,000 |
| The Dictionary Project Charlestown, SC | The Dictionary Project | $4,500 |
| Disabled And Limbless Veterans Inc Burlington, MA | Freedom Fish Lynn 2024 | $3,500 |
| Merrimack Valley Food Bank Inc Lowell, MA | Naming Of Kitchenette 2 Of 3 | $3,000 |
| Greater Lawrence Family Health Center Lawrence, MA | $2300 Food, Flair And Fiesta; $300 Red Sox Tickets | $2,600 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
No officer or director reported compensation in the available filings.
From 2025 IRS 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.
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Data last updated September 2026. Sourced from IRS Form 990-PF filings.