Rice Memorial Hospital and Welfare 310006010
Rice Memorial Hospital and Welfare 310006010 is a private foundation focused on Education, based in Evansville, IN. IRS filing data is available from 2019 through 2025. As of 2025, the organization holds $1.1M in total assets. In 2025, it awarded 4 grants totaling $57K. Net investment income was $105K.
Rice Memorial Hospital and Welfare 310006010 at a glance
In short: Rice Memorial Hospital and Welfare 310006010 gave $57K across 4 grants in 2025 (avg $14K), mostly in Indiana. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $56,950
- +10.2% vs 2024
- Grants made (2025)
- 4
- +33.3% vs 2024
- Average grant
- $14,238
- -17.3% vs 2024
- Median grant
- $13,400
- Total assets
- $1,082,348
- +2.9% vs 2024
- Primary geography
- Indiana (100% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990-PF, 2025 View filing
Data from IRS Form 990-PF, 2025; updated September 2026.
Who Rice Memorial Hospital and Welfare 310006010 funds
How this funder distributes its grants
Top Recipients
Top 4 recipients in 2025
The largest 2025 recipient was Indiana University ($27K). Together the top 4 received $57K.
Grant Size Distribution
16 grants across all recorded years
The most common grant size was under $50K: 16 grants of 16 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2025 grant dollars across all 4 itemized grants.
States
Cities
How Rice Memorial Hospital and Welfare 310006010 gives
- Giving grew 48% from 2022 to 2025. Method
- In 2025 it paid out 107% 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 2019 to 2025, annual grant giving ranged from $36K (2021) to $57K (2025). In 2025 it made 4 grants totaling $57K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Indiana University Bloomington, IN | Scholarships | $26,800 |
| Purdue University West Lafayette, IN | Scholarships | $13,400 |
| Iupui Indianapolis, IN | Scholarships | $13,400 |
| Indiana University Southeast New Albany, IN | Scholarships | $3,350 |
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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 |
|---|---|---|---|---|---|---|---|---|
| 2025 | $1,082,348 | $109,584 | $79,241 | $56,950 | 4 | $72,603 | $104,900 | $67,665 |
| 2024 | $1,052,067 | $117,831 | $72,767 | $51,675 | 3 | $66,502 | $113,422 | $64,074 |
| 2023 | $1,007,006 | $86,465 | $52,374 | $36,400 | 2 | $49,427 | $82,811 | $59,202 |
| 2022 | $971,569 | $34,632 | $56,507 | $38,500 | 3 | $51,619 | $31,858 | $59,407 |
| 2021 | $992,524 | $117,526 | $52,565 | $36,000 | 4 | $49,275 | $114,712 | $65,687 |
| 2020 | $925,381 | $75,234 | $53,144 | $38,800 | 3 | — | $72,970 | $52,476 |
| 2019 | $903,283 | $52,275 | $56,084 | $41,875 | 5 | — | $49,670 | $50,629 |
Under IRS private-foundation payout rules, Rice Memorial Hospital and Welfare 310006010 reported a distributable amount of $68K for 2025 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
Rice Memorial Hospital and Welfare 310006010's only listed officer is OLD National Wealth Management, Trustee on every filing since 2019 (compensated).
Officers on the 2025 filing
OLD National Wealth Management
Trustee
On filings since 2019
1 hr/week
$12K (2019) → $19K (2025)
Data from IRS Form 990 filings, 2019–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Compensation Overview
From 2025 IRS filing
The highest reported compensation on the 2025 filing was $19K, to Old National Wealth Management (Trustee).
Frequently asked questions about Rice Memorial Hospital and Welfare 310006010
How much does Rice Memorial Hospital and Welfare 310006010 give each year?
Rice Memorial Hospital and Welfare 310006010 gave $57K across 4 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $52K across 3 grants.
What is Rice Memorial Hospital and Welfare 310006010's typical grant size?
Rice Memorial Hospital and Welfare 310006010's median grant in 2025 was $13,400, and its average grant was $14,238, across 4 grants on its 2025 IRS Form 990-PF.
Where does Rice Memorial Hospital and Welfare 310006010 give grants?
Rice Memorial Hospital and Welfare 310006010 gives mostly in Indiana: 100% of the grant dollars itemized on its 2025 IRS Form 990-PF went to recipients there.
Does Rice Memorial Hospital and Welfare 310006010 give general operating support?
Not in 2025: none of the 4 grants with a stated purpose on Rice Memorial Hospital and Welfare 310006010's 2025 IRS Form 990-PF were described as general or operating support. Recurring purposes include "Scholarships" (4 grants).
How large is Rice Memorial Hospital and Welfare 310006010?
Rice Memorial Hospital and Welfare 310006010 reported $1.1M in total assets on its 2025 IRS Form 990-PF. It paid out $73K in qualifying distributions that year, against a required minimum of $68K (roughly 5% of its investment assets).
What is Rice Memorial Hospital and Welfare 310006010?
Rice Memorial Hospital and Welfare 310006010 is a private foundation focused on Education, based in Evansville, IN. It holds $1.1M in total assets as of 2025.
What is Rice Memorial Hospital and Welfare 310006010's EIN?
Rice Memorial Hospital and Welfare 310006010's EIN (Employer Identification Number) is 35-6015582. IRS Form 990 filing data is available on this page for 2019–2025.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(7)
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2019 (received by the IRS May 7, 2020)
- Updated Form 990-PF for fiscal year 2025 (received by the IRS April 24, 2026)
- Updated Form 990-PF for fiscal year 2020 (received by the IRS April 30, 2021)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS April 29, 2022)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS April 27, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS April 23, 2024)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS April 24, 2025)
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