Richard B Shorten Family Foundation
Richard B Shorten Family Foundation is a private foundation focused on Public, Societal Benefit, based in FREDERICK, MD. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $2.9M in total assets. In 2024, it awarded 4 grants totaling $80K. Net investment income was $1.9M.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$2.9M
+108437.1% YoY
Annual Giving
$80K
Grant Count
4
Avg Grant Size
$20K
Under IRS private-foundation payout rules, Richard B Shorten Family Foundation reported a distributable amount of $42K for 2024 — the minimum it must pay out in qualifying distributions.
About Richard B Shorten Family Foundation
Based on IRS filings
Richard B Shorten Family Foundation is a private foundation focused on Public, Societal Benefit, based in FREDERICK, MD. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $2.9M in total assets. In 2024, it awarded 4 grants totaling $80K. Net investment income was $1.9M.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $2,895,770 | $2,668 | $2,686 |
| Revenue | $4,805,832 | — | — |
| Expenses | $93,727 | $18 | $147 |
| Qualifying Distributions | $80,000 | $18 | $147 |
| Net Investment Income | $1,937,470 | — | — |
| Distributable Amount | $42,394 | $132 | $136 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 4 recipients in 2024
Grant Size Distribution
4 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Frederick Rescue Mission Inc ($20,000), Heartly House Inc ($20,000), Frederick Health Hospice Inc ($20,000).
| Recipient | Purpose | Amount |
|---|---|---|
| FREDERICK RESCUE MISSION INC FREDERICK, MD | SUPPORT YOUTH CAMPS/OUTREACH PROGRAM | $20,000 |
| HEARTLY HOUSE INC FREDERICK, MD | UNRESTRICTED PROGRAM SUPPORT | $20,000 |
| FREDERICK HEALTH HOSPICE INC FREDERICK, MD | UNRESTRICTED PROGRAM SUPPORT | $20,000 |
| SUPPORTING OLDER ADULTS THROUGH RESOURCES INC FREDERICK, MD | UNRESTRICTED PROGRAM SUPPORT | $20,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| RICHARD SHORTEN | DIRECTOR | 1 | — |
| MICHAEL A MCGINLEY | DIRECTOR | 1 | — |
| CRISTINE LOVETRO | DIRECTOR | 1 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Richard B Shorten Family Foundation?
Richard B Shorten Family Foundation is a private foundation focused on Public, Societal Benefit, based in FREDERICK, MD. It holds $2.9M in total assets as of 2024.
How large is Richard B Shorten Family Foundation?
As of 2024, Richard B Shorten Family Foundation holds $2.9M in total assets with $4.8M in annual revenue. It awarded 4 grants totaling $80K in 2024.
Where does Richard B Shorten Family Foundation operate?
Richard B Shorten Family Foundation has awarded grants in Maryland.
What size grants does Richard B Shorten Family Foundation award?
In 2024, Richard B Shorten Family Foundation awarded 4 grants totaling $80K — an average of about $20K per grant, based on its IRS Form 990 filings.
How much is Richard B Shorten Family Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Richard B Shorten Family Foundation reported a distributable amount of $42K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Richard B Shorten Family Foundation's EIN?
Richard B Shorten Family Foundation's EIN (Employer Identification Number) is 82-2237275. IRS Form 990 filing data is available on this page for 2020–2024.
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.