Scott Richards North Star Charitable
The Scott Richards North Star Charitable Foundation is a corporate foundation based in Minneapolis, Minnesota, established in January 2005. The foundation operates as a 501(c)(3) organization with EIN 76-0764527. It is affiliated with North Star Resource Group, a financial services firm that contributes 10 percent of its annual profits to the foundation. The foundation has donated a total of $7.67 million since 2004.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$1.8M
+7.9% YoY
Annual Giving
$935K
+226.3% YoY
Grant Count
79
-6.0% YoY
Avg Grant Size
$12K
+246.9% YoY
Under IRS private-foundation payout rules, Scott Richards North Star Charitable reported a distributable amount of $98K for 2024 — the minimum it must pay out in qualifying distributions.
Mission & Focus Areas
The foundation's mission centers on giving primarily for research, education, and informational activities to aid in the charitable causes of breast cancer, Alzheimer's disease, and cystic fibrosis.
The foundation operates two primary programs:
- Minneapolis Bikes for Kids Event: An initiative where local underprivileged children are presented with t-shirts, helmets, and locks.
- Golf Event: Proceeds from this event are donated to organizations that help students learn financial skills through hands-on experiences.
Grantmaking
The foundation appears to be possibly open to applications based on its most recent tax filings, with the "Preselected Only" checkbox not checked on its Form 990-PF.
Grant Range
$100–$505,000
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Geographic Focus
Where this funder awards grants
The foundation supports various cities and states across the United States, including:
States: Arizona, California, Colorado, Florida, Georgia, Illinois, Indiana, Minnesota, Missouri, Montana, North Carolina, New York, Pennsylvania, Tennessee, Texas, Wisconsin
Major cities supported: Chicago, Dallas, Denver, New York, and numerous smaller communities
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
As of 2024:
- Total Assets: $1,836,820
- Total Revenue: $1,191,380
- Total Expenses: $1,056,150
- Total Liabilities: $0
As of 2023:
- Total Assets: $1,701,590
- Total Giving: $286,575
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $1,836,820 | $1,701,590 | $1,585,740 |
| Revenue | $1,191,380 | $497,709 | $561,825 |
| Expenses | $1,056,150 | $381,859 | $394,498 |
| Qualifying Distributions | $1,053,525 | $376,488 | $374,350 |
| Net Investment Income | $460,363 | $51,606 | $79,886 |
| Distributable Amount | $97,887 | $85,349 | $78,877 |
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
248 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Lewis Katz School of Med at Temple Univ ($145,000), Children's Cardiomyopathy Foundation ($71,835), Bestprep ($25,500).
| Recipient | Purpose | Amount |
|---|---|---|
| 100 MEN OF DANE COUNTY MADISON, WI | GENERAL | $500 |
| ALEX HAUNTY'S THEATER AND ARTS FUND INC MIDDLETON, WI | GENERAL | $1,000 |
| AMERICAN COLLEGE OF FINANCIAL SERVICES KING OF PRUSSIA, PA | GENERAL | $500 |
| ANOKA HENNEPIN SCHOOL DISTRICT ANOKA, MN | GENERAL | $500 |
| APPALACHIAN STATE UNIVERSITY FOUNDATION BOONE, NC | GENERAL | $250 |
| ARGYLE BOOSTER CLUB ARGYLE, WI | GENERAL | $500 |
| ARIZONA SCHOOL FOR THE ARTS PHOENIX, AZ | GENERAL | $500 |
| BESTPREP BROOKLYN PARK, MN | GENERAL | $25,500 |
| BIG BROTHERS BIG SISTERS OF DANE COUNTY MADISON, WI | GENERAL | $3,000 |
| BLACKHAWKS OF ST PAUL ST PAUL, MN | GENERAL | $500 |
Leadership & Key People
Leadership team and compensation from IRS filings
The foundation operates with a volunteer board serving without compensation:
- Phillip C. Richards – Executive Chairman/President
- Susan B. Richards – At-Large/Assistant Vice President
- James Quandt – President
- Robert Kaufer – Secretary
- David Vasos – At-Large
- Edward G. Deutschlander – At-Large
- P. Shaun McDuffee – At-Large
- Marshall Gifford – At-Large
- Joseph Fox – At-Large
- Michelle Richards – At-Large
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| PHILLIP C RICHARDS | EXECUTIVE CHARIMAN | — | — |
| SUSAN B RICHARDS | AT-LARGE | — | — |
| DAVID VASOS | AT-LARGE | — | — |
| EDWARD G DEUTSCHLANDER | AT-LARGE | — | — |
| P SHAUN MCDUFFEE | AT-LARGE | — | — |
| ROBERT KAUFER | SECRETARY | — | — |
| JAMES QUANDT | PRESIDENT | — | — |
| MARSHALL GIFFORD | AT-LARGE | — | — |
| JOSEPH FOX | AT-LARGE | — | — |
| MICHELLE RICHARDS | AT-LARGE | — | — |
| JON YLINEN | AT-LARGE | — | — |
Recent News & Activity
Recent developments and announcements
The foundation has been active in supporting Alzheimer's research initiatives. Temple University received a gift from Phil Richards and the Scott Richards North Star Charitable Foundation to create the Scott Richards North Star Foundation and Stop Alzheimer's Now Chair for Alzheimer's Research at the Lewis Katz School of Medicine. The foundation's affiliated parent company, North Star Resource Group, was recognized as a 2025 Best Workplace by Inc. Magazine.
Temple University Announces Creation of Alzheimer's Center with ...Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What does Scott Richards North Star Charitable fund?
The foundation's mission centers on giving primarily for research, education, and informational activities to aid in the charitable causes of breast cancer, Alzheimer's disease, and cystic fibrosis. The foundation operates two primary programs: • **Minneapolis Bikes for Kids Event**: An initiative where local underprivileged children are presented with t-shirts, helmets, and locks. • **Golf Event**: Proceeds from this event are donated to organizations that help students learn financial skills …
How do I apply for a grant from Scott Richards North Star Charitable?
**Grant Activity:** • Made 48 grants in 2024 • Total giving in 2024: $286,575 to $1,056,150 (depending on reporting period) • Typical award range: $35,000–$145,000 • Median grant amount: $500 • Grant range: $100–$505,000 **Recent Grantees (2024):** • Stop Alzheimers Now: $94,610 • Children's Cardiomyopathy Foundation: $71,835 • University of Minnesota Foundation (UMF): $30,000 • Lewis Katz School of Medicine at Temple University **Application Status:** The foundation appears to be possibly open…
Where does Scott Richards North Star Charitable make grants?
The foundation supports various cities and states across the United States, including: **States:** Arizona, California, Colorado, Florida, Georgia, Illinois, Indiana, Minnesota, Missouri, Montana, North Carolina, New York, Pennsylvania, Tennessee, Texas, Wisconsin **Major cities supported:** Chicago, Dallas, Denver, New York, and numerous smaller communities
What size grants does Scott Richards North Star Charitable award?
In 2024, Scott Richards North Star Charitable awarded 79 grants totaling $935K — an average of about $12K per grant, based on its IRS Form 990 filings.
How much is Scott Richards North Star Charitable required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Scott Richards North Star Charitable reported a distributable amount of $98K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Scott Richards North Star Charitable's EIN?
Scott Richards North Star Charitable's EIN (Employer Identification Number) is 76-0764527. 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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