Riggs Cove Foundation

WESTON, MA EIN: 31-6651454

Riggs Cove Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in WESTON, MA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $515K in total assets. In 2024, it awarded 21 grants totaling $39K. Net investment income was $18K.

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$515K

-4.6% YoY

Annual Giving

$39K

-11.4% YoY

Grant Count

+0.0% YoY

Avg Grant Size

$2K

-11.4% YoY

Under IRS private-foundation payout rules, Riggs Cove Foundation reported a distributable amount of $54K for 2024 — the minimum it must pay out in qualifying distributions.

About Riggs Cove Foundation

Based on IRS filings

Focus Areas

Philanthropy, Voluntarism & Grantmaking

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

Massachusetts $106K (50%)

Maine $49K (23%)

Virginia $23K (11%)

New Hampshire $20K (9%)

South Carolina $5K (2%)

Connecticut $3K (1%)

District of Columbia $3K (1%)

New York $2K (1%)

+1 more states

States

Connecticut District of Columbia Massachusetts Maine New Hampshire New York Ohio South Carolina Virginia

Cities

AnnadaleAnnandaleBar HarborBathBoothbayBostonBridgtonBrooklynBrunswickChilmarkConcordEasthamptonFairfaxFalls ChurchGeorgetownHinghamHollywoodMarshfieldMedfordNorwell

Financial History

Multi-year comparison from IRS filings

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2024	2023	2022
Total Assets	$515,135	$539,691	$561,032
Revenue	$20,437	$22,705	$21,135
Expenses	$44,993	$44,046	$49,549
Qualifying Distributions	$42,219	$44,000	$49,092
Net Investment Income	$17,663	$22,659	$20,678
Distributable Amount	$53,963	$44,592	$43,791

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

106 grants across all recorded years

Giving History

Grant recipients and amounts by year

Among its reported 2024 grants, the largest include Bowdoin International Music Festival ($7,000), South Shore Ymca ($5,000), Williston Northampton School ($5,000).

Recipient	Purpose	Amount
ACTON WAKEFIELD WATERSHED ALLIANCE UNION, NH	DEDICATED TO PROTECTING AND RESTORING WATER QUALITIY IN ACTON/WAKEFIELD NH	$2,500
BOYS & GIRLS CLUB OF MARSHFIELD MARSHFIELD, MA	YOUTH DEVELOPMENT PROVIDINGPROGRAMS & SERVICES TO THE CHILDREN & FAMILIES	$500
BOWDOIN INTERNATIONAL MUSIC FESTIVAL BRUNSWICK, ME	PROVIDE GIFTED YOUNG MUSICIANS WITH AN OPPORTUNITYTO STUDY & PERFORM	$7,000
SOUTH SHORE YMCA QUINCY, MA	COMMITTED TO STRENGTHENING COMMUNITIES BY NUTURINGTHE POTENITAL OF KIDS	$5,000
SCITUATE ANIMAL SHELTER SCITUATE, MA	ANIMAL SHELTER AND RESOURCE FORPET WELFARE	$500
MARSHFIELD FOOD PANTRY MARSHFIELD, MA	TO REDUCE THE RISKOF HUNGER IN OURTOWN	$2,000
HALLIE HILL ANIMAL SANCTUARY HOLLYWOOD, SC	SANCTURAY FOR ABANDONED,ABUSED OR NEGLECTED ANIMALS	$1,000
FRIENDS OF ACCOTINK CREAK SPRINGFIELD, VA	FOSTER ENVIRONMENTAL AWARENESSEDUCATION & ENHANCE RECREATIONAL USERESTORE HABITATS & PRESERVE LAND	$1,500
ANNANDALE VOLUNTEER FIRE DEPARTMENT ANNADALE, VA	SAVE LIVES, PROTECTPROPERTY & SERVE THECOMMUNITY	$500
WASHINGTON BALLET WASHINGTON, DC	CONTRIBUTE TO THE EVOLUTION OF BALLET	$500

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

From 2024 IRS filing

From 2024 filing

Name	Title	Hours	Compensation
ALDUS H CHAPIN II	TRUSTEE	1	—
J BRIAN POTTS	TRUSTEE	1	$2,000

Subject Areas

Focus areas based on grantmaking activity

Philanthropy, Voluntarism & Grantmaking

Frequently Asked Questions

What is Riggs Cove Foundation?

Riggs Cove Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in WESTON, MA. It holds $515K in total assets as of 2024.

How large is Riggs Cove Foundation?

As of 2024, Riggs Cove Foundation holds $515K in total assets with $20K in annual revenue. It awarded 21 grants totaling $39K in 2024.

Where does Riggs Cove Foundation operate?

Riggs Cove Foundation has awarded grants in Connecticut, District of Columbia, Massachusetts, Maine, New Hampshire, New York, Ohio, South Carolina, Virginia.

What size grants does Riggs Cove Foundation award?

In 2024, Riggs Cove Foundation awarded 21 grants totaling $39K — an average of about $2K per grant, based on its IRS Form 990 filings.

How much is Riggs Cove Foundation required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2024, Riggs Cove Foundation reported a distributable amount of $54K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.