The Grace Richardson Stetson Fund
The Grace Richardson Stetson Fund is a private foundation focused on Medical Research, based in Parsippany, NJ. IRS filing data is available from 2021 through 2025. As of 2025, the organization holds $980K in total assets. In 2025, it awarded 1 grant totaling $60K. Net investment income was $115K.
The Grace Richardson Stetson Fund at a glance
In short: The Grace Richardson Stetson Fund gave $60K across 1 grant in 2025 (avg $60K), mostly in Montana. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $60,000
- +0.0% vs 2024
- Grants made (2025)
- 1
- +0.0% vs 2024
- Average grant
- $60,000
- +0.0% vs 2024
- Median grant
- $60,000
- Total assets
- $979,535
- +6.9% vs 2024
- Primary geography
- Montana (100% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990-PF, 2025 View filing
Data from IRS Form 990-PF, 2025; updated September 2026.
Who The Grace Richardson Stetson Fund funds
How this funder distributes its grants
Top Recipients
Top recipient in 2025
The largest 2025 recipient was The Billings Clinic Foundation for the Cystic Fibrosis Clinic ($60K).
Grant Size Distribution
5 grants across all recorded years
The most common grant size was in the $50–100K range: 5 grants of 5 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of the 2025 grant dollars on its one itemized grant.
States
Cities
How The Grace Richardson Stetson Fund gives
- Giving held roughly steady from 2022 to 2025 (+0%). Method
- In 2025 it paid out 109% of its IRS minimum distribution (the 5% rule). Method
From the foundation's IRS Form 990-PF filings. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2021 to 2025, annual grant giving ranged from $60K (2021) to $60K (2025). In 2025 it made 1 grant totaling $60K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| The Billings Clinic Foundation for the Cystic Fibrosis Clinic Billings, MT | For Cystic Fibrosis Research | $60,000 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Net Investment Income | Distributable Amount |
|---|---|---|---|---|---|---|---|---|
| 2025 | $979,535 | $158,412 | $92,328 | $60,000 | 1 | $65,197 | $114,824 | $59,880 |
| 2024 | $916,229 | $25,211 | $89,586 | $60,000 | 1 | $64,843 | $16,373 | $60,079 |
| 2023 | $980,604 | $34,646 | $96,230 | $60,000 | 1 | $64,382 | $10,086 | $56,499 |
| 2022 | $1,042,188 | $148,614 | $92,213 | $60,000 | 1 | $64,659 | $107,415 | $63,264 |
| 2021 | $985,787 | $38,858 | $89,717 | $60,000 | 1 | — | $3,955 | $63,843 |
Under IRS private-foundation payout rules, The Grace Richardson Stetson Fund reported a distributable amount of $60K for 2025 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
The Grace Richardson Stetson Fund is led by E. William Stetson III, Director & President on every filing since 2021; none of the 3 officers listed in 2025 report compensation.
Officers on the 2025 filing
E. William Stetson III
Director & President
On filings since 2021
No compensation reported
Erik A. Hanson
Director, Secretary & Treasurer
Director & Secretary → Director, Secretary & Treasurer, 2023
On filings since 2021
No compensation reported
Patricia S. Agnew
Director & Vice President
On filings since 2021
No compensation reported
Data from IRS Form 990 filings, 2021–2025. "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 The Grace Richardson Stetson Fund
How much does The Grace Richardson Stetson Fund give each year?
The Grace Richardson Stetson Fund gave $60K across 1 grant in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $60K across 1 grant.
How large is The Grace Richardson Stetson Fund?
The Grace Richardson Stetson Fund reported $980K in total assets on its 2025 IRS Form 990-PF. It paid out $65K in qualifying distributions that year, against a required minimum of $60K (roughly 5% of its investment assets).
What is The Grace Richardson Stetson Fund?
The Grace Richardson Stetson Fund is a private foundation focused on Medical Research, based in Parsippany, NJ. It holds $980K in total assets as of 2025.
Where does The Grace Richardson Stetson Fund operate?
The Grace Richardson Stetson Fund has awarded grants in Montana.
What is The Grace Richardson Stetson Fund's EIN?
The Grace Richardson Stetson Fund's EIN (Employer Identification Number) is 20-8934914. IRS Form 990 filing data is available on this page for 2021–2025.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(1)
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2021–2025
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