Rita and Richard C Ashley Foundation
Rita and Richard C Ashley Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in GALVESTON, TX. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $3.6M in total assets. In 2024, it awarded 12 grants totaling $127K. Net investment income was $1.2M.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$3.6M
+9.4% YoY
Annual Giving
$127K
-12.0% YoY
Grant Count
12
+33.3% YoY
Avg Grant Size
$11K
-34.0% YoY
Under IRS private-foundation payout rules, Rita and Richard C Ashley Foundation reported a distributable amount of $156K for 2024 — the minimum it must pay out in qualifying distributions.
About Rita and Richard C Ashley Foundation
Based on IRS filings
Rita and Richard C Ashley Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in GALVESTON, TX. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $3.6M in total assets. In 2024, it awarded 12 grants totaling $127K. Net investment income was $1.2M.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $3,630,122 | $3,319,369 | $2,881,320 |
| Revenue | $1,231,674 | $228,933 | $1,421,177 |
| Expenses | $129,858 | $166,806 | $70,204 |
| Qualifying Distributions | $127,200 | $144,500 | $64,100 |
| Net Investment Income | $1,227,516 | $159,777 | $1,403,746 |
| Distributable Amount | $156,136 | $152,697 | $138,699 |
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
26 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include University of Texas at Austin ($50,000), Smithsonian Institution ($30,000), Shriners Hospital for Children ($10,000).
| Recipient | Purpose | Amount |
|---|---|---|
| Smithsonian Institution Washington, DC | Support for the National Gem and Mineral Collection held at the National Museum of Natural History | $30,000 |
| St Joseph's Church Galveston, TX | Religious - General fund | $7,000 |
| Shriners Hospital for Children Tampa, FL | Pediatric care | $10,000 |
| University of Texas at Austin Austin, TX | Support for Texas Science and Natural History Museum Excellence Fund | $50,000 |
| Ronald McDonald House Galveston, TX | General fund | $10,000 |
| Elks Lodge 385 Tucson, AZ | Support for community outreach activities | $500 |
| Healthnetwork Foundation Pepper Pike, OH | Healthcare network and research | $10,000 |
| Pregnancy Help Center Galveston Galveston, TX | Operating fund | $1,000 |
| Holy Family Catholic School Galveston, TX | Religious - Operating fund | $200 |
| Lamar University Foundation Beaumont, TX | Funds for David L Cargill Scholarship in Art | $2,500 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| Richard C Ashley | Trustee | 4 | — |
| Rita Ashley | Trustee | — | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Rita and Richard C Ashley Foundation?
Rita and Richard C Ashley Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in GALVESTON, TX. It holds $3.6M in total assets as of 2024.
How large is Rita and Richard C Ashley Foundation?
As of 2024, Rita and Richard C Ashley Foundation holds $3.6M in total assets with $1.2M in annual revenue. It awarded 12 grants totaling $127K in 2024.
Where does Rita and Richard C Ashley Foundation operate?
Rita and Richard C Ashley Foundation has awarded grants in Arizona, District of Columbia, Florida, Ohio, Texas, Vermont.
What size grants does Rita and Richard C Ashley Foundation award?
In 2024, Rita and Richard C Ashley Foundation awarded 12 grants totaling $127K — an average of about $11K per grant, based on its IRS Form 990 filings.
How much is Rita and Richard C Ashley Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Rita and Richard C Ashley Foundation reported a distributable amount of $156K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Rita and Richard C Ashley Foundation's EIN?
Rita and Richard C Ashley Foundation's EIN (Employer Identification Number) is 76-0698305. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in Rita and Richard C Ashley Foundation's focus areas in our free grants database
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.