The Rice Family Foundation
The Rice Family Foundation is a private foundation, based in New York, NY. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $10.9M in total assets. In 2024, it awarded 4 grants totaling $455K. Net investment income was $463K.
The Rice Family Foundation at a glance
In short: The Rice Family Foundation gave $455K across 4 grants in 2024 (avg $114K), mostly in New York. Source: 2024 IRS Form 990-PF.
- Annual giving (2024)
- $455,000
- +0.0% vs 2023
- Grants made (2024)
- 4
- +0.0% vs 2023
- Average grant
- $113,750
- +0.0% vs 2023
- Median grant
- $100,000
- Total assets
- $10,879,591
- +9.2% vs 2023
- Primary geography
- New York (56% 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 Rice Family Foundation funds
How this funder distributes its grants
Top Recipients
Top 4 recipients in 2024
The largest 2024 recipient was New York City Ballet Inc ($155K). Together the top 4 received $455K.
Grant Size Distribution
15 grants across all recorded years
The most common grant size was in the $100–250K range: 11 grants of 15 (73%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2024 grant dollars across all 4 itemized grants.
Cities
How The Rice Family Foundation gives
- Giving grew 107% from 2021 to 2024. Method
- In 2024 it paid out 80% of its IRS minimum distribution (the 5% rule). Foundations have until the end of the next year to meet it. 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 $220K (2021) to $585K (2020). In 2024 it made 4 grants totaling $455K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| New York City Ballet Inc New York, NY | General Support | $155,000 |
| Marine Corps Scholarship Foundation Inc Alexandria, VA | General Support | $100,000 |
| Spirit of America Arlington, VA | General Support | $100,000 |
| The New School New York, NY | General Support | $100,000 |
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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 | $10,879,591 | $1,442,128 | $524,822 | $455,000 | 4 | $455,000 | $463,068 | $568,706 |
| 2023 | $9,961,741 | $2,791,105 | $470,666 | $455,000 | 4 | $455,250 | $1,935,276 | $435,579 |
| 2022 | $7,639,576 | $61,555 | $474,759 | $470,000 | 2 | $470,250 | $292,662 | $454,712 |
| 2021 | $8,099,541 | $231,854 | $225,996 | $220,000 | 3 | $220,250 | $232,542 | $472,630 |
| 2020 | $8,125,463 | $219,318 | $592,974 | $585,000 | 2 | — | $225,503 | $372,062 |
Under IRS private-foundation payout rules, The Rice Family Foundation reported a distributable amount of $569K for 2024 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
The Rice Family Foundation is led by Joseph L. Rice, President on every filing since 2020; none of the 2 officers listed in 2024 report compensation.
Officers on the 2024 filing
Joseph L. Rice
President
On filings since 2020
1 hr/week
No compensation reported
Franci J. Blassberg
Treasurer
On filings since 2020
1 hr/week
No compensation reported
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.
Frequently asked questions about The Rice Family Foundation
How much does The Rice Family Foundation give each year?
The Rice Family Foundation gave $455K across 4 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $455K across 4 grants.
What is The Rice Family Foundation's typical grant size?
The Rice Family Foundation's median grant in 2024 was $100,000, and its average grant was $113,750, across 4 grants on its 2024 IRS Form 990-PF.
Where does The Rice Family Foundation give grants?
The Rice Family Foundation gives mostly in New York: 56% of the grant dollars itemized on its 2024 IRS Form 990-PF went to recipients there. The next largest state was Virginia (44%). The most frequent recipient cities were New York, NY (2 grants).
Does The Rice Family Foundation give general operating support?
Yes: 100% of The Rice Family Foundation's 2024 grants with a stated purpose (4 of 4) were for general or operating support, per its 2024 IRS Form 990-PF.
How large is The Rice Family Foundation?
The Rice Family Foundation reported $10.9M in total assets on its 2024 IRS Form 990-PF. It paid out $455K in qualifying distributions that year, against a required minimum of $569K (roughly 5% of its investment assets). Falling short in one year is not a violation: foundations have until the end of the next year to meet the minimum.
What is The Rice Family Foundation's EIN?
The Rice Family Foundation's EIN (Employer Identification Number) is 13-7152866. 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
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