Richard a Heald Fund
The Richard A Heald Fund is a private foundation based in Dallas, Texas. Its 2025 filing describes awards to charitable organizations in the Worcester, Massachusetts, area; its listed grants also include recipients elsewhere in Massachusetts and in other states.
Key facts about Richard a Heald Fund
In short: Richard a Heald Fund gave $54K across 21 grants in 2025 (avg $3K), mostly in Massachusetts. 10% of 2025 grantees were new. Source: 2025 IRS Form 990-PF.
- EIN
- 23-7046062
- Latest 990 filing
- Form 990-PF, 2025
- Annual giving (2025)
- $54,000
- Grants made (2025)
- 21
- Average grant
- $2,571
- Median grant
- $2,000
- New grantees (estimate)
- 10% first-time grantees (2 of 21, 2025)
- Total assets
- $1,149,849
- Primary geography
- Massachusetts (92% of itemized 2025 grant dollars)
- How to apply
- The filing lists Timothy J McGann as the contact and requests a letter describing the need for assistance. Full details ↓
Data from IRS Form 990-PF, 2025; updated September 2026. New grantees are estimated by matching recipient names across years (methodology). Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.
Financial Overview
From 2025 IRS Form 990-PF · View filing
Total Assets
$1.1M
+1.4% YoY
Annual Giving
$54K
-22.9% YoY
Grant Count
21
-8.7% YoY
Avg Grant Size
$3K
-15.5% YoY
Under IRS private-foundation payout rules, Richard a Heald Fund reported a distributable amount of $73K for 2025 — the minimum it must pay out in qualifying distributions.
Is Richard a Heald Fund open to new grantees?
10%
first-time grantees, 2025
In 2025, 2 of 21 grantees (10%) were first-time recipients. First grants averaged $2K; repeat grants $3K. How we count
Medians: $2K first-time, $2K repeat.
- 90% of 2025 grantees were also funded in 2024. Method
- Giving fell 23% from 2022 to 2025. Method
- In 2025 it paid out 81% of its IRS minimum distribution (the 5% rule). Foundations have until the end of the next year to meet it. Method
Estimate from itemized grant lists in IRS Form 990-PF filings (2020–2025). Recipient names are matched across years, so a renamed or misspelled grantee can look new; grants to individuals are left out. Methodology.
Mission & Focus Areas
No mission statement for the foundation is provided. Its 2025 grants include schools, museums, historical organizations, a library, a botanic garden, a church, and organizations connected with environmental conservation and research.
The grantees describe their own missions in varied terms. Falmouth Academy says it fosters inspired learning in a scientific and artistic community. The Worcester Art Museum says it connects people, communities, and cultures through art, while the American Antiquarian Society describes its work as maintaining a research library of American history and culture. The Falmouth Historical Society says it provides educational programs and preserves and shares Falmouth’s history and culture. The Buzzards Bay Coalition describes its work as protecting and restoring Buzzards Bay and its watershed.
Grantmaking
In 2025, the fund awarded 21 grants totaling $54,000. Grant amounts ranged from $1,000 to $10,000, with a median grant of $2,000.
Review Cycle
and states that awards are restricted to charitable organizations in the Worcester, Massachusetts, area.
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Geographic Focus
Where this funder awards grants
The filing states that awards are restricted to charitable organizations in the Worcester, Massachusetts, area. In 2025, 92% of grant dollars went to recipients in Massachusetts, 4% to Colorado, 3% to Florida, and 2% to Connecticut.
Grant Distribution by State
Share of all 21 itemized 2025 grant dollars.
Cities
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2025, annual grant giving ranged from $54K (2025) to $71K (2023). In 2025 it made 21 grants totaling $54K.
Grant Insights
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2025
The largest 2025 recipient was Dana Hall School Annual Fund ($10K). Together the top 10 received $40K.
Grant Size Distribution
108 grants across all recorded years
The most common grant size was under $50K: 108 grants of 108 (100%).
Giving History
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Dana Hall School Annual Fund Wellesley, MA | Unrestricted General | $10,000 |
| First Unitarian Church Worcester, MA | Unrestricted General | $5,000 |
| Falmouth Academy Inc Falmouth, MA | Unrestricted General | $5,000 |
| West Falmouth Massachusetts Library West Falmouth, MA | Unrestricted General | $4,500 |
| New England Botanic Garden at Tower Hill Boylston, MA | Unrestricted General | $3,500 |
| Worcester Art Museum Worcester, MA | Unrestricted General | $3,000 |
| American Antiquarian Society Worcester, MA | Unrestricted General | $3,000 |
| Woods Hole Oceanographic Inst Woods Hole, MA | Unrestricted General | $2,000 |
| Worcester Historical Museum Worcester, MA | Unrestricted General | $2,000 |
| Buzzards Bay Coalition New Bedford, MA | Unrestricted General | $2,000 |
Financial History
Multi-year comparison from IRS filings
| Filing year | Assets | Revenue | Expenses | Grants | Grant count |
|---|---|---|---|---|---|
| 2025 | $1,149,849 | $84,057 | $67,512 | $54,000 | 21 |
| 2024 | $1,134,216 | $77,116 | $82,060 | $70,000 | 23 |
| 2023 | $1,138,989 | $74,260 | $83,890 | $71,000 | 21 |
| Metric | 2025 | 2024 | 2023 |
|---|---|---|---|
| Total Assets | $1,149,849 | $1,134,216 | $1,138,989 |
| Revenue | $84,057 | $77,116 | $74,260 |
| Expenses | $67,512 | $82,060 | $83,890 |
| Qualifying Distributions | $58,944 | $74,788 | $77,257 |
| Net Investment Income | $76,758 | $67,523 | $64,550 |
| Distributable Amount | $73,027 | $70,505 | $66,699 |
Data update history
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2020 (received by the IRS May 4, 2021)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS May 10, 2022)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS May 10, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS May 2, 2024)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS April 18, 2025)
- Added Form 990-PF for fiscal year 2025 (received by the IRS May 12, 2026)
Leadership & Key People
Leadership team and compensation from IRS filings
The 2025 filing lists Mrs Nina Heald Webber, Richard A Heald II, and Deborah G Allen as co-trustees, and Bank of America N A as agent for trustee.
Richard a Heald Fund's 2025 filing lists 4 officers; 1 of 4 officers listed in 2025 is compensated.
Officers on the 2025 filing
Bank Of America N A
Agent for Trustee
On filings since 2020
1 hr/week
$9K (2020) → $10K (2025)
Nina Heald Webber
Co-Trustee
On filings since 2020
1 hr/week
No compensation reported
Deborah G. Allen
Co-Trustee
On filings since 2024
1 hr/week
No compensation reported
Richard A. Heald II
Co-Trustee
On filings since 2024
1 hr/week
No compensation reported
Former officers (1)
- Former: James N. Heald II (2020–2023) — Co-Trustee
Data from IRS Form 990 filings, 2020–2025. "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 $10K, to Bank of America N a (Agent for Trustee).
Contact
Application contact: Timothy J Mcgann
Mailing address: 100 Federal St, Boston, MA 02110
Phone: (888) 866-3275
Frequently asked questions about Richard a Heald Fund
How much does Richard a Heald Fund give each year?
Richard a Heald Fund gave $54K across 21 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $70K across 23 grants.
What is Richard a Heald Fund's typical grant size?
Richard a Heald Fund's median grant in 2025 was $2,000, and its average grant was $2,571, across 21 grants on its 2025 IRS Form 990-PF. Organizations receiving their first grant from Richard a Heald Fund that year got $2K on average.
Where does Richard a Heald Fund give grants?
Richard a Heald Fund gives mostly in Massachusetts: 92% of the grant dollars itemized on its 2025 IRS Form 990-PF went to recipients there. The most frequent recipient cities were Worcester, MA (7 grants), Falmouth, MA (3 grants) and Woods Hole, MA (2 grants).
Does Richard a Heald Fund give general operating support?
Yes: 100% of Richard a Heald Fund's 2025 grants with a stated purpose (21 of 21) were for general or operating support, per its 2025 IRS Form 990-PF.
Who are Richard a Heald Fund's largest grantees?
Richard a Heald Fund's largest 2025 grantees include Dana Hall School Annual Fund ($10,000), First Unitarian Church ($5,000) and Falmouth Academy Inc ($5,000), according to its 2025 IRS Form 990-PF. Together they received 37% of its itemized 2025 grant dollars.
How large is Richard a Heald Fund?
Richard a Heald Fund reported $1.1M in total assets on its 2025 IRS Form 990-PF. It paid out $59K in qualifying distributions that year, against a required minimum of $73K (roughly 5% of its investment assets).
What does Richard a Heald Fund fund?
No mission statement for the foundation is provided. Its 2025 grants include schools, museums, historical organizations, a library, a botanic garden, a church, and organizations connected with environmental conservation and research. See mission & focus areas ↑
How do I apply for a grant from Richard a Heald Fund?
The filing lists Timothy J McGann as the contact and requests a letter describing the need for assistance. Eligibility and process details are in the grantmaking section of this profile. See how to apply ↑
What is Richard a Heald Fund's EIN?
Richard a Heald Fund's EIN (Employer Identification Number) is 23-7046062. IRS Form 990 filing data is available on this page for 2020–2025.
Data last updated September 2026. Sourced from IRS Form 990-PF filings. Research dossier generated September 2026.
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