The Ricbac Foundation

NEWTONVILLE, MA EIN: 04-2660137

The Ricbac Foundation is a private foundation focused on Medical Research, based in NEWTONVILLE, MA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $44.2M in total assets. In 2024, it awarded 2 grants totaling $2.9M. Net investment income was $4.9M.

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$44.2M

+4.5% YoY

Annual Giving

$2.9M

+25.2% YoY

Grant Count

-60.0% YoY

Avg Grant Size

$1.4M

+213.1% YoY

Under IRS private-foundation payout rules, The Ricbac Foundation reported a distributable amount of $2.5M for 2024 — the minimum it must pay out in qualifying distributions.

About The Ricbac Foundation

Based on IRS filings

Focus Areas

Medical Research

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

Massachusetts $18.8M (91%)

New York $1.7M (8%)

Texas $75K (0%)

Connecticut $25K (0%)

States

Connecticut Massachusetts New York Texas

Cities

BostonBridgeportCharlestownDallasNew YorkWoods Hole

Financial History

Multi-year comparison from IRS filings

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2024	2023	2022
Total Assets	$44,174,561	$42,253,723	$42,376,447
Revenue	$5,238,971	$2,557,297	$1,873,963
Expenses	$3,220,033	$2,143,471	$4,153,098
Qualifying Distributions	$2,968,463	$1,846,777	$3,892,856
Net Investment Income	$4,946,734	$2,293,228	$1,615,996
Distributable Amount	$2,480,149	$2,305,922	$2,415,759

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

21 grants across all recorded years

Giving History

Grant recipients and amounts by year

Among its reported 2024 grants, the largest include Mass General Hospital ($2,835,500), Harvard Mit Equal Access ($39,000).

Recipient	Purpose	Amount
MASS GENERAL HOSPITAL CHARLESTOWN, MA	MEDICAL CANCER RESEARCH	$2,835,500
HARVARD MIT EQUAL ACCESS BOSTON, MA	MEDICAL SCHOLLARSHIPS	$39,000

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

From 2024 IRS filing

From 2024 filing

Name	Title	Hours	Compensation
ERIC ISSELBACHER MD	TRUSTEE, CHAIRMAN	7	$40,000
PETER HERMANN	TRUSTEE	1	—
HUGH BARRY	TRUSTEE	1	$10,000
ANNE BECKER	TRUSTEE, TREASURER	7	$40,000

Subject Areas

Focus areas based on grantmaking activity

Medical Research

Frequently Asked Questions

What is The Ricbac Foundation?

The Ricbac Foundation is a private foundation focused on Medical Research, based in NEWTONVILLE, MA. It holds $44.2M in total assets as of 2024.

How large is The Ricbac Foundation?

As of 2024, The Ricbac Foundation holds $44.2M in total assets with $5.2M in annual revenue. It awarded 2 grants totaling $2.9M in 2024.

Where does The Ricbac Foundation operate?

The Ricbac Foundation has awarded grants in Connecticut, Massachusetts, New York, Texas.

What size grants does The Ricbac Foundation award?

In 2024, The Ricbac Foundation awarded 2 grants totaling $2.9M — an average of about $1.4M per grant, based on its IRS Form 990 filings.

How much is The Ricbac Foundation required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2024, The Ricbac Foundation reported a distributable amount of $2.5M on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.