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
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
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
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
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.
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.
Explore Open Grants
Browse active grant opportunities in The Ricbac Foundation's focus areas in our free grants database
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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