Richard and Patricia Jay Charitable Foundation
Richard and Patricia Jay Charitable Foundation is a private foundation focused on Medical Research, based in Westport, CT. IRS filing data is available from 2020 through 2025. As of 2025, the organization holds $10K in total assets. In 2025, it made $2K in qualifying distributions. Net investment income was $313.
Key facts about Richard and Patricia Jay Charitable Foundation
- EIN
- 38-4095602
- Latest 990 filing
- Form 990-PF, 2025
- Total assets
- $10,066
Data from IRS Form 990-PF, 2025; updated October 2026.
Financial Overview
From 2025 IRS Form 990-PF · View filing
Total Assets
$10K
+18.6% YoY
Revenue
$21K
+3970.2% YoY
Qualifying Distributions
$2K
-17.6% YoY
Expenses
$2K
-17.6% YoY
Under IRS private-foundation payout rules, Richard and Patricia Jay Charitable Foundation reported a distributable amount of $614 for 2025 — the minimum it must pay out in qualifying distributions.
How Richard and Patricia Jay Charitable Foundation gives
- Giving fell 96% from 2020 to 2023. Method
- In 2025 it paid out 342% of its IRS minimum distribution (the 5% rule). Method
From the foundation's IRS Form 990-PF filings. Methodology.
Ready to take the next step with Richard and Patricia Jay Charitable Foundation?
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Cities
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2023, annual grant giving ranged from $9K (2023) to $220K (2020). In 2023 it made 7 grants totaling $9K.
Grant Insights
How this funder distributes its grants
Grant Size Distribution
23 grants across all recorded years
The most common grant size was under $50K: 21 grants of 23 (91%).
Giving History
Grant recipients and amounts by year
No grants recorded for 2025.
Financial History
Multi-year comparison from IRS filings
| Metric | 2025 | 2024 | 2023 |
|---|---|---|---|
| Total Assets | $10,066 | $8,485 | $10,529 |
| Revenue | $20,595 | $506 | $38,028 |
| Expenses | $2,100 | $2,550 | $11,375 |
| Qualifying Distributions | $2,100 | $2,550 | $11,375 |
| Net Investment Income | $313 | $506 | $18,177 |
| Distributable Amount | $614 | $478 | $116 |
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 November 7, 2021)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS May 12, 2022)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS May 6, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS May 10, 2024)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS May 10, 2025)
- Added Form 990-PF for fiscal year 2025 (received by the IRS May 12, 2026)
- IRS filings on file for fiscal years 2020–2024
Leadership & Key People
Officers and directors from IRS filings
Richard and Patricia Jay Charitable Foundation is led by Richard Jay, President on every filing since 2020; none of the 2 officers listed in 2025 report compensation.
Officers on the 2025 filing
Richard Jay
President
On filings since 2020
2 hrs/week
No compensation reported
Patricia Jay
Secretary & Treasurer
On filings since 2020
2 hrs/week
No compensation reported
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.
Frequently asked questions about Richard and Patricia Jay Charitable Foundation
How large is Richard and Patricia Jay Charitable Foundation?
Richard and Patricia Jay Charitable Foundation reported $10K in total assets on its 2025 IRS Form 990-PF. It paid out $2K in qualifying distributions that year, against a required minimum of $614 (roughly 5% of its investment assets).
What is Richard and Patricia Jay Charitable Foundation?
Richard and Patricia Jay Charitable Foundation is a private foundation focused on Medical Research, based in Westport, CT. It holds $10K in total assets as of 2025.
Where does Richard and Patricia Jay Charitable Foundation operate?
Richard and Patricia Jay Charitable Foundation has awarded grants in California, Connecticut, District of Columbia, Illinois, Massachusetts, New Jersey, New York, Virginia.
What is Richard and Patricia Jay Charitable Foundation's EIN?
Richard and Patricia Jay Charitable Foundation's EIN (Employer Identification Number) is 38-4095602. IRS Form 990 filing data is available on this page for 2020–2025.
Data last updated October 2026. Sourced from IRS Form 990-PF filings.
Here's the math on researching Richard and Patricia Jay Charitable Foundation by hand.
Explore Open Grants
Browse active grant opportunities in Richard and Patricia Jay Charitable Foundation's focus areas in our free grants database
Similar Funders
Funders with grantees in common, and similar funders in Connecticut
The Chicago Community Trust
Chicago, IL
The Chicago Community Trust funds nonprofits addressing economic mobility, wealth gaps, and urgent community needs, with priorities including homeownership, small businesses, education, quality jobs, and investment in underinvested communities. Its 2025 itemized grants had a median of $26,500, though awards vary widely; grants generally benefit Chicago-region residents, and the Trust directs applicants to open opportunities but does not state whether it accepts unsolicited requests.
Assets
$7.1B
Grants
4,316
Total Given
$1.2B
Boston Foundation Inc
Boston, MA
The Boston Foundation funds equity-focused work in child well-being, economic opportunity, community wealth, and community leadership, primarily in Greater Boston. Its 2025 grants had a median of $25,000, while specific programs offer awards from up to $15,000 to $50,000; it accepts applications through some competitive initiatives, but whether it accepts unsolicited requests generally is not stated.
Assets
$2.1B
Grants
2,375
Total Given
$228.4M
Americares Foundation Inc
Stamford, CT
Americares funds health care organizations and programs focused on disaster preparedness and recovery, access to medicines and medical supplies, and community health services. In 2025, its grants ranged from $5,073 to $3.86 million, with a median of about $58,700; it works in the United States and internationally, reaching an average of 80 countries each year. The profile does not state whether it accepts unsolicited requests.
Assets
$372.5M
Grants
635
Total Given
$113.3M
American Savings Foundation Inc
New Britain, CT
American Savings Foundation supports education, human services, and arts and culture, especially programs serving children, youth, and families in Connecticut, with a focus on New Britain and Waterbury. Its 2024 grants ranged from $234 to $150,000, with a median of $1,750; Community Grants are capped at $5,000. It provides application forms for Program and Community Grants, but the profile does not state whether it accepts unsolicited requests.
Assets
$107.0M
Grants
613
Total Given
$3.4M
Hartford Foundation for Public Giving
Hartford, CT
The Greater Hartford Gives Foundation funds nonprofits addressing community needs, with priorities including racial equity, economic and social mobility, wellbeing, neighborhoods, civic engagement, and arts and culture. Its 2024 itemized grants had a median of about $21,600, and it primarily serves 29 Greater Hartford towns. It accepts applications through specific requests for proposals and grant cycles; eligibility varies by opportunity.
Assets
$1.2B
Grants
613
Total Given
$52.0M
Eversource Energy Foundation Inc
Hartford, CT
The Eversource Energy Foundation funds U.S. 501(c)(3) nonprofits working on basic needs, education, environmental stewardship, community engagement, and economic or workforce development. It gives in Eversource’s service territory in Connecticut, Massachusetts, and New Hampshire; its 2024 median grant was $2,000, though awards ranged from $250 to $700,000.
Assets
$12.5M
Grants
606
Total Given
$6.2M
The Community Foundation for Greater New Haven
New Haven, CT
The Community Foundation for Greater New Haven funds nonprofits working in areas including civic vitality, arts and culture, health, and education, with competitive grants for organizations serving its 20-town region. Its 2024 grants ranged from $5,154 to $2.8 million, with a median of $15,000; it accepts applications through specific grant programs, while most donor-advised and designated fund distributions are not open to applications.
Assets
$627.4M
Grants
505
Total Given
$23.4M
Fairfield County's Community Foundation Inc
Norwalk, CT
Fairfield County’s Community Foundation funds equity-focused work including education and youth development, economic opportunity, women and girls’ health, housing, civic engagement, and nonprofit capacity, primarily benefiting Fairfield County residents. Its 2025 grants had a median of $24,080 and ranged from $5,194 to $2 million; it accepts applications for some programs, including rolling capacity-building and small-grant opportunities, while Strategic Partner Grants are invitation-only.
Assets
$291.4M
Grants
448
Total Given
$25.7M
Viking Global Foundation Inc
Stamford, CT
Assets
$7.1M
Grants
423
Total Given
$3.6M
Ion Bank Foundation Inc
Naugatuck, CT
Assets
$15.3M
Grants
419
Total Given
$1.0M
Synchrony Foundation
Stamford, CT
In 2024, Synchrony Foundation supported charitable organizations across workforce development, education, financial assistance, and giving, with grants ranging from $150 to $2.6 million and a median of $10,000. Its largest shares of grant funding went to Connecticut, New York, and South Carolina, followed by the District of Columbia and New Jersey; it does not accept unsolicited requests and funds preselected organizations only.
Assets
$72.3M
Grants
394
Total Given
$20.5M
Yale University
New Haven, CT
Yale supports education, research, scholarship, preservation, public service, and community organizations, including through sponsored research and fellowships. Its 2025 grants ranged from $3,000 to $14.3 million, with a median of about $136,000; recipients were based mainly in Connecticut, California, Massachusetts, New York, and Pennsylvania. The profile does not state whether Yale accepts unsolicited requests.
Assets
$58.9B
Grants
364
Total Given
$168.2M
More Funders in Connecticut
Richard and Patricia Jay Charitable Foundation down — hundreds of funders to go?