The Philip Richardson Family Founda
The Philip Richardson Family Founda is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in WILLIAMSBURG, VA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $185K in total assets. In 2024, it awarded 2 grants totaling $6K. Net investment income was $1K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$185K
+13.7% YoY
Annual Giving
$6K
-54.7% YoY
Grant Count
2
-60.0% YoY
Avg Grant Size
$3K
+13.2% YoY
Under IRS private-foundation payout rules, The Philip Richardson Family Founda reported a distributable amount of $9K for 2024 — the minimum it must pay out in qualifying distributions.
About The Philip Richardson Family Founda
Based on IRS filings
The Philip Richardson Family Founda is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in WILLIAMSBURG, VA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $185K in total assets. In 2024, it awarded 2 grants totaling $6K. Net investment income was $1K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $185,021 | $162,794 | $149,454 |
| Revenue | $31,235 | $30,031 | $29,871 |
| Expenses | $10,115 | $17,551 | $27,801 |
| Qualifying Distributions | $6,250 | $13,800 | $18,500 |
| Net Investment Income | $1,437 | $1,367 | $1,378 |
| Distributable Amount | $9,060 | $9,922 | $9,549 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 2 recipients in 2024
Grant Size Distribution
18 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include York Foundation for Public Ed ($5,000), National Ms Society ($1,250).
| Recipient | Purpose | Amount |
|---|---|---|
| NATIONAL MS SOCIETY VIRGINIA BEACH, VA | SUPPORT PROGRAM | $1,250 |
| YORK FOUNDATION FOR PUBLIC ED YORKTOWN, VA | SUPPORT PROGRAM | $5,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| PHILIP WHITFIELD RICHARDSON | PRESIDENT | — | — |
| SALLY PORUSH | VP/SECRETARY | — | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is The Philip Richardson Family Founda?
The Philip Richardson Family Founda is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in WILLIAMSBURG, VA. It holds $185K in total assets as of 2024.
How large is The Philip Richardson Family Founda?
As of 2024, The Philip Richardson Family Founda holds $185K in total assets with $31K in annual revenue. It awarded 2 grants totaling $6K in 2024.
Where does The Philip Richardson Family Founda operate?
The Philip Richardson Family Founda has awarded grants in California, New York, Virginia.
What size grants does The Philip Richardson Family Founda award?
In 2024, The Philip Richardson Family Founda awarded 2 grants totaling $6K — an average of about $3K per grant, based on its IRS Form 990 filings.
How much is The Philip Richardson Family Founda required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, The Philip Richardson Family Founda reported a distributable amount of $9K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is The Philip Richardson Family Founda's EIN?
The Philip Richardson Family Founda's EIN (Employer Identification Number) is 26-3452551. IRS Form 990 filing data is available on this page for 2020–2024.
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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