The Ricbac Foundation
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.
The Ricbac Foundation at a glance
In short: The Ricbac Foundation gave $2.9M across 2 grants in 2024 (avg $1.4M), mostly in Massachusetts. Source: 2024 IRS Form 990-PF.
- Annual giving (2024)
- $2,874,500
- +25.2% vs 2023
- Grants made (2024)
- 2
- -60.0% vs 2023
- Average grant
- $1,437,250
- +213.1% vs 2023
- Median grant
- $1,437,250
- Total assets
- $44,174,561
- +4.5% vs 2023
- Primary geography
- Massachusetts (100% of itemized 2024 grant dollars)
- Latest 990 filing
- Form 990-PF, 2024 View filing
Data from IRS Form 990-PF, 2024; updated September 2026.
Who The Ricbac Foundation funds
How this funder distributes its grants
Top Recipients
Top 2 recipients in 2024
The largest 2024 recipient was Mass General Hospital ($2.8M). Together the top 2 received $2.9M.
Grant Size Distribution
21 grants across all recorded years
The most common grant size was in the $1–5M range: 8 grants of 21 (38%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2024 grant dollars across all 2 itemized grants.
Cities
How The Ricbac Foundation gives
- Giving fell 42% from 2021 to 2024. Method
- In 2024 it paid out 120% 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 2020 to 2024, annual grant giving ranged from $2.3M (2023) to $5.3M (2022). In 2024 it made 2 grants totaling $2.9M.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Mass General Hospital Charlestown, MA | Medical Cancer Research | $2,835,500 |
| Harvard MIT Equal Access Boston, MA | Medical Schollarships | $39,000 |
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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 |
|---|---|---|---|---|---|---|---|---|
| 2024 | $44,174,561 | $5,238,971 | $3,220,033 | $2,874,500 | 2 | $2,968,463 | $4,946,734 | $2,480,149 |
| 2023 | $42,253,723 | $2,557,297 | $2,143,471 | $2,295,266 | 5 | $1,846,777 | $2,293,228 | $2,305,922 |
| 2022 | $42,376,447 | $1,873,963 | $4,153,098 | $5,331,263 | 5 | $3,892,856 | $1,615,996 | $2,415,759 |
| 2021 | $46,150,580 | $5,404,964 | $4,308,435 | $4,963,260 | 5 | $5,052,526 | $5,127,097 | $2,762,664 |
| 2020 | $46,139,012 | $2,504,133 | $6,249,542 | $5,076,107 | 4 | — | $2,264,098 | $2,583,079 |
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.
Leadership & Key People
Officers and directors from IRS filings
The Ricbac Foundation is led by Eric Isselbacher MD, Trustee & Chairman on every filing since 2020; 3 of 4 officers listed in 2024 are compensated.
Officers on the 2024 filing
Eric Isselbacher MD
Trustee & Chairman
On filings since 2020
7 hrs/week
$40K (2020) → $40K (2024)
Anne Becker
Trustee & Treasurer
On filings since 2020
7 hrs/week
$40K (2020) → $40K (2024)
Hugh Barry
Trustee
On filings since 2020
1 hr/week
$13K (2020) → $10K (2024)
Peter Hermann
Trustee
On filings since 2020
1 hr/week
$13K (2020) → $0 (2024)
Former officers (3)
- Former: Leila E. Dal Pos (2020–2022) — Secretary
- Former: Ray A. Goldberg MBA PhD (2020–2022) — Trustee
- Former: Walter Salmon (2020–2022) — Trustee
Data from IRS Form 990 filings, 2020–2024. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Compensation Overview
From 2024 IRS filing
The highest reported compensation on the 2024 filing was $40K, to Eric Isselbacher MD (Trustee, Chairman). 3 officers or directors reported compensation on that filing.
Frequently asked questions about The Ricbac Foundation
How much does The Ricbac Foundation give each year?
The Ricbac Foundation gave $2.9M across 2 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $2.3M across 5 grants.
How large is The Ricbac Foundation?
The Ricbac Foundation reported $44.2M in total assets on its 2024 IRS Form 990-PF. It paid out $3.0M in qualifying distributions that year, against a required minimum of $2.5M (roughly 5% of its investment assets).
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.
Where does The Ricbac Foundation operate?
The Ricbac Foundation has awarded grants in Connecticut, Massachusetts, New York, Texas.
What is The Ricbac Foundation's EIN?
The Ricbac Foundation's EIN (Employer Identification Number) is 04-2660137. IRS Form 990 filing data is available on this page for 2020–2024.
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 2020–2024
Live grants for the work The Ricbac Foundation funds
Medical Research Open opportunities, soonest deadline first.
Explore Open Grants
Browse active grant opportunities in The Ricbac Foundation's focus areas in our free grants database
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