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
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
No grants recorded for .
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 | — |
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Similar funders by location and focus area
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Data last updated April 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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