Richard and Mary Templeton Foundation
The Richard and Mary Templeton Foundation is a private family foundation established in January 2004 and based in Albany, New York. The foundation holds 501(c)(3) tax-exempt status and operates as a private grantmaking foundation with no direct charitable activities. Instead, it supports other charitable organizations exempt under Internal Revenue Code Section 501(c)(3) through contributions and grants.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$109.3M
+6.9% YoY
Annual Giving
$20.5M
-2.7% YoY
Grant Count
15
-55.9% YoY
Avg Grant Size
$1.4M
+120.5% YoY
Mission & Focus Areas
The foundation focuses its grantmaking primarily on higher education, with particular emphasis on engineering and computer science programs. The foundation also supports education, philanthropy and voluntarism, and human services. The founders' backgrounds in STEM fields—Richard Templeton studied electrical engineering and Mary Templeton studied computer science, both as 1980 graduates of Union College in Schenectady, New York—have significantly influenced the foundation's philanthropic priorities.
Grantmaking
The foundation does not operate formal grant programs with published guidelines and does not maintain a public application process. Grantmaking operates through trustee discretion.
Grant Range
Varies significantly, from $112,000 to $5.87 million
How to Apply
. Grantmaking operates through trustee discretion.
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Geographic Focus
Where this funder awards grants
The foundation's grantmaking is national in scope, with primary focus on higher education institutions. Giving has been documented in Texas and New York.
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | Amount | Year |
|---|---|---|
| Total Assets | $109,320,132 | 2024 |
| Total Revenues | $28,203,348 | 2024 |
| Total Expenses | $20,706,910 | 2024 |
| Total Giving | $20,453,497 | 2024 |
| Total Liabilities | $0 | 2024 |
The foundation has demonstrated significant growth, expanding from $9.2 million in assets in 2011 to over $109 million by 2024.
Contact Information: Mailing Address: C/O Ayco Company, PO Box 15201, Albany, NY 12212-5201
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $109,320,132 | $102,240,366 | $114,019,427 |
| Revenue | $28,203,348 | $12,558,809 | $10,793,672 |
| Expenses | $20,706,910 | $21,248,416 | $12,750,045 |
| Qualifying Distributions | $20,453,497 | $21,026,497 | $12,447,597 |
| Net Investment Income | $5,453,378 | $6,237,427 | $4,790,120 |
| Distributable Amount | $9,186,450 | $8,786,117 | $9,211,148 |
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
69 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
Richard Templeton is the founder and former chairman and CEO of Texas Instruments. Mary Templeton is a former computer scientist. Both are 1980 graduates of Union College in Schenectady, New York.
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| RICHARD TEMPLETON | TRUSTEE | 1 | — |
| MARY TEMPLETON | TRUSTEE | 1 | — |
Recent News & Activity
Recent developments and announcements
The foundation has made substantial commitments to higher education institutions, particularly in engineering and computer science:
A $40 million gift to a college, following an earlier donation of $51 million for integration of liberal arts, engineering, and computer science
$40 million new gift from Rich and Mary Templeton to college follows their\A $20 million commitment to Southern Methodist University's Lyle School of Engineering for student support, research, and an endowed deanship
$20 million gift to school of engineering from philanthropy and technology\Subject Areas
Focus areas based on grantmaking activity
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Data last updated April 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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