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
2
-60.0% YoY
Avg Grant Size
$1.4M
+213.1% YoY
About The Ricbac Foundation
Based on IRS filings
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.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
| 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
No grants recorded for .
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
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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