Rice Foundation
The Rice Foundation is a private 501(c)(3) foundation based in Skokie, Illinois, established in 1949. The foundation operates as a grantmaking organization with a dual mission: supporting charitable organizations primarily in Illinois across multiple sectors, while also conducting direct humanitarian work in Honduras.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
—
Annual Giving
$4.0M
+8.2% YoY
Grant Count
59
-10.6% YoY
Avg Grant Size
$67K
+21.1% YoY
Mission & Focus Areas
The foundation's grantmaking focuses on:
- Education
- Philanthropy, Voluntarism & Grantmaking
- Human Services
- Health
- Arts
- Conservation
The foundation also operates medical mission trips to Copan, Honduras, organizing 8-15 one-week missions annually where volunteer medical professionals provide surgical care, including specialized cleft palate and lip surgeries, alongside educational programs. The foundation supports the Fuente de Poder High School in Honduras, which has graduated over 130 students.
Grantmaking
The foundation has made 587 grants over its documented history and focuses on preselected charitable organizations.
Grant Range
$25,000 to $600,000
Average Grant
amount varies by year
Invitation Only
Invitation only—no unsolicited applications accepted
Ready to take the next step with Rice Foundation?
Geographic Focus
Where this funder awards grants
The foundation's grantmaking is primarily concentrated in Illinois (93% of 2024 grants), with additional focus on Honduras for humanitarian and educational initiatives.
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
As of 2024:
- Total assets: $67,349,517
- Total revenue: $5,823,601
- Total expenses: $5,221,552
- Net income: $602,049
- Total liabilities: $0
- Annual giving: Approximately $4.5 million
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | — | — | — |
| Revenue | — | — | — |
| Expenses | — | — | — |
| Qualifying Distributions | — | — | — |
| Net Investment Income | — | — | — |
| Distributable Amount | — | — | — |
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 2024
Grant Size Distribution
250 grants across all recorded years
Giving History
Grant recipients and amounts by year
No grants recorded for .
Leadership & Key People
Leadership team and compensation from IRS filings
- Peter Nolan – President
- Christine Nolan – Vice President
- Board of five trustees
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| Peter Nolan | President | 60 | $290,010 |
| Richard T Schroeder | Treasurer | — | — |
| Christine Nolan | Vice President | 40 | $111,395 |
| Barbara Whitney Carr | Director | — | — |
| Marshall Field V | Director | — | — |
| Robin Nolan | Director | — | — |
| David J Winchester MD | Director | — | — |
Contact Information
Address: 8600 Gross Point Road, Skokie, IL 60077
Phone: (847) 581-9999
Website: ricefoundation.us
EIN: 36-6043160
Related Funders
Similar funders by location and focus area
Green and Blue Foundation
CHICAGO, IL
Assets
—
Grants
3
Total Given
$51K
Above and Beyond Daycare Center
FAIRVIEW HEIGHTS, IL
Assets
—
Grants
0
Total Given
—
Primo Center for Women & Children
CHICAGO, IL
Assets
$9.7M
Grants
1
Total Given
$35K
Rose Lafferty Educational Fund Xxxxx9006
CHICAGO, IL
Assets
$3.4M
Grants
1
Total Given
$228K
The John Crerar Foundation
CHICAGO, IL
Assets
$991K
Grants
1
Total Given
$35K
Fostering Success
WAYNE, IL
Assets
$38K
Grants
1
Total Given
$2K
Data last updated April 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
What could you do with Rice Foundation on Grantable?
- Assess strategic fit with your organization
- Draft a tailored letter of inquiry
- Find open RFPs from this funder
- Monitor for new funding opportunities