The Mary Lynn Richardson Fund
The Mary Lynn Richardson Fund is a private foundation located in Greensboro, North Carolina. Established in 1954, it operates as a 501(c)(3) organization with no employees and functions as a grantmaking entity supporting various charitable causes.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$5.9M
+7.7% YoY
Annual Giving
$319K
-4.0% YoY
Grant Count
34
-17.1% YoY
Avg Grant Size
$9K
+15.8% YoY
Under IRS private-foundation payout rules, The Mary Lynn Richardson Fund reported a distributable amount of $345K for 2024 — the minimum it must pay out in qualifying distributions.
Mission & Focus Areas
The fund primarily supports organizations in carrying out their exempt purposes and helps individuals with medical expenses. Recent grantmaking demonstrates a focus on international humanitarian work and social justice initiatives.
Grantmaking
The fund is an active grantmaker with a demonstrated commitment to charitable giving. In 2024, the foundation made 37 grants totaling $223,284 (with additional grants bringing the year's total giving to at least $269,176). Recent grantees include:
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Geographic Focus
Where this funder awards grants
Based in Greensboro, North Carolina, the fund supports organizations both locally and nationally, with demonstrated funding for international humanitarian efforts.
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
As of December 2024:
- Total Assets: $5,908,317
- Total Revenues: $237,743
- Total Expenses: $371,419
As of December 2023:
- Total Assets: $5,484,829
- Total Giving: $331,804
The foundation maintains substantial assets and demonstrates consistent annual grantmaking activity.
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $5,908,317 | $5,484,829 | $5,795,894 |
| Revenue | $237,743 | $220,414 | $170,823 |
| Expenses | $371,419 | $377,165 | $428,482 |
| Qualifying Distributions | $339,418 | $351,043 | $388,714 |
| Net Investment Income | $673,856 | $115,482 | $54,886 |
| Distributable Amount | $345,353 | $319,968 | $334,551 |
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
189 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Bon Samaritain Mission Haiti ($26,892), Anne K Taylor Fund ($25,000), Justice Defenders ($20,000).
| Recipient | Purpose | Amount |
|---|---|---|
| AUTISM SOCIETY OF NC INC RALEIGH, NC | TO ASSIST ORGANIZATION IN CARRYING OUT ITS EXEMPT PURPOSE. | $2,500 |
| BON SAMARITAIN MISSION HAITI ST CLOUD, FL | TO ASSIST ORGANIZATION IN CARRYING OUT ITS EXEMPT PURPOSE. | $26,892 |
| CHURCH WORLD SERVICE GREENSBORO GREENSBORO, NC | TO ASSIST ORGANIZATION IN CARRYING OUT ITS EXEMPT PURPOSE. | $5,000 |
| DEL REY MISSIONS - EL RANCHO DEL REY OLATHE, KS | TO ASSIST ORGANIZATION IN CARRYING OUT ITS EXEMPT PURPOSE. | $7,200 |
| FAMILY ROOM FOSTER CARE RESOURCE CENTER GREENSBORO, NC | TO ASSIST ORGANIZATION IN CARRYING OUT ITS EXEMPT PURPOSE. | $10,000 |
| FAMILY SERVICE OF THE PIEDMONT INC JAMESTOWN, NC | TO ASSIST ORGANIZATION IN CARRYING OUT ITS EXEMPT PURPOSE. | $10,000 |
| FREEDOM FIRM USA HOPKINS, MN | TO ASSIST ORGANIZATION IN CARRYING OUT ITS EXEMPT PURPOSE. | $5,000 |
| FRIENDS HOMES GREENSBORO, NC | TO ASSIST ORGANIZATION IN CARRYING OUT ITS EXEMPT PURPOSE. | $5,000 |
| GREENSBORO URBAN MINISTRY GREENSBORO, NC | TO ASSIST ORGANIZATION IN CARRYING OUT ITS EXEMPT PURPOSE. | $10,000 |
| GUILFORD EDUCATION ALLIANCE GREENSBORO, NC | TO ASSIST ORGANIZATION IN CARRYING OUT ITS EXEMPT PURPOSE. | $7,500 |
Leadership & Key People
Leadership team and compensation from IRS filings
The fund is listed under the name "Mermey Janet L Ttee" in official filings, indicating trustee involvement in governance.
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| BETSY BONEY MEAD | TRUSTEE | 0.5 | — |
| BRITT A PREYER | TRUSTEE | 0.5 | — |
| PATRICIA S AGNEW | TRUSTEE | 0.5 | — |
| MATTHEW LEM | TRUSTEE | 0.5 | — |
| ANNE H WAGONER | TRUSTEE | 0.5 | — |
Frequently Asked Questions
What does The Mary Lynn Richardson Fund fund?
The fund primarily supports organizations in carrying out their exempt purposes and helps individuals with medical expenses. Recent grantmaking demonstrates a focus on international humanitarian work and social justice initiatives.
How do I apply for a grant from The Mary Lynn Richardson Fund?
The fund is an active grantmaker with a demonstrated commitment to charitable giving. In 2024, the foundation made 37 grants totaling $223,284 (with additional grants bringing the year's total giving to at least $269,176). Recent grantees include: • Bon Samaritain Mission Haiti ($26,892) • Doctors Without Borders USA ($20,000) • Justice Defenders ($20,000) The foundation's grantmaking reflects support for international humanitarian organizations and domestic charitable work aligned with exempt …
Where does The Mary Lynn Richardson Fund make grants?
Based in Greensboro, North Carolina, the fund supports organizations both locally and nationally, with demonstrated funding for international humanitarian efforts.
What size grants does The Mary Lynn Richardson Fund award?
In 2024, The Mary Lynn Richardson Fund awarded 34 grants totaling $319K — an average of about $9K per grant, based on its IRS Form 990 filings.
How much is The Mary Lynn Richardson Fund required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, The Mary Lynn Richardson Fund reported a distributable amount of $345K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is The Mary Lynn Richardson Fund's EIN?
The Mary Lynn Richardson Fund's EIN (Employer Identification Number) is 06-6025946. 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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