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
Under IRS private-foundation payout rules, Richard and Mary Templeton Foundation reported a distributable amount of $9.2M for 2024 — the minimum it must pay out in qualifying distributions.
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
Among its reported 2024 grants, the largest include Southern Methodist University ($7,025,000), John Paul Ii High School ($5,870,000), Union College ($4,040,000).
| Recipient | Purpose | Amount |
|---|---|---|
| BISHOP DUNNE CATHOLIC SCHOOL DALLAS, TX | PROGRAM SUPPORT | $100,000 |
| BOYS & GIRLS CLUB COLLIN COUNTY FRISCO, TX | PROGRAM SUPPORT | $5,000 |
| DIOCESE OF DALLAS DALLAS, TX | PROGRAM SUPPORT | $7,500 |
| GATBAGAA INTERNATIONAL INC MANSFIELD, TX | PROGRAM SUPPORT | $25,000 |
| JOHN PAUL II HIGH SCHOOL PLANO, TX | PROGRAM SUPPORT | $5,870,000 |
| MANE GAIT PROSPER, TX | PROGRAM SUPPORT | $112,000 |
| MHSF DALLAS, TX | PROGRAM SUPPORT | $50,000 |
| PROJECT UNITY DALLAS, TX | PROGRAM SUPPORT | $5,000 |
| SALVATION ARMY DALLAS, TX | PROGRAM SUPPORT | $2,000,000 |
| SOUTHERN METHODIST UNIVERSITY DALLAS, TX | PROGRAM SUPPORT | $7,025,000 |
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
Frequently Asked Questions
What does Richard and Mary Templeton Foundation fund?
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 priorit…
How do I apply for a grant from Richard and Mary Templeton Foundation?
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 Activity:** • Annual giving: $20.5 million (2024) • Total giving: $20,453,497 (2024) • Grant range: Varies significantly, from $112,000 to $5.87 million • Number of grants: 15 grants in 2024; 34 grants in 2023 **Recent Grants (2024):** • John Paul II High School: $5,870,000 (Program Support) • St Mark the Eva…
Where does Richard and Mary Templeton Foundation make 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.
What size grants does Richard and Mary Templeton Foundation award?
In 2024, Richard and Mary Templeton Foundation awarded 15 grants totaling $20.5M — an average of about $1.4M per grant, based on its IRS Form 990 filings.
How much is Richard and Mary Templeton Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Richard and Mary Templeton Foundation reported a distributable amount of $9.2M on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Richard and Mary Templeton Foundation's EIN?
Richard and Mary Templeton Foundation's EIN (Employer Identification Number) is 20-0321164. IRS Form 990 filing data is available on this page for 2020–2024.
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Data last updated June 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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