The Richard Tam Foundation
The Richard Tam Foundation is a private foundation, based in Las Vegas, NV. IRS filing data is available from 2021 through 2025. As of 2025, the organization holds $5.5M in total assets. In 2025, it awarded 3 grants totaling $8.3M. Net investment income was $1.8M.
The Richard Tam Foundation at a glance
In short: The Richard Tam Foundation gave $8.3M across 3 grants in 2025 (avg $2.8M), mostly in Massachusetts. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $8,315,000
- +91.1% vs 2024
- Grants made (2025)
- 3
- -25.0% vs 2024
- Average grant
- $2,771,667
- +154.9% vs 2024
- Median grant
- $2,500,000
- Total assets
- $5,483,306
- -54.5% vs 2024
- Primary geography
- Massachusetts (52% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990-PF, 2025 View filing
Data from IRS Form 990-PF, 2025; updated September 2026.
Who The Richard Tam Foundation funds
How this funder distributes its grants
Top Recipients
Top 3 recipients in 2025
The largest 2025 recipient was Boston Children's Hospital ($4.3M). Together the top 3 received $8.3M.
Grant Size Distribution
12 grants across all recorded years
The most common grant size was in the $1–5M range: 7 grants of 12 (58%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2025 grant dollars across all 3 itemized grants.
Cities
How The Richard Tam Foundation gives
- Giving grew 735% from 2022 to 2025. Method
- In 2025 it paid out well above 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 2021 to 2025, annual grant giving ranged from $996K (2021) to $8.3M (2025). In 2025 it made 3 grants totaling $8.3M.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Boston Children's Hospital Boston, MA | Cancer Research/Education | $4,315,000 |
| Henry Ford Clinic Detriot, MI | Medical Research/Education | $2,500,000 |
| University of Michigan Ann Arbor, MI | Lung Cancer Research/Education | $1,500,000 |
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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 |
|---|---|---|---|---|---|---|---|---|
| 2025 | $5,483,306 | $1,884,547 | $8,451,145 | $8,315,000 | 3 | $8,323,343 | $1,756,745 | $615,277 |
| 2024 | $12,049,904 | $2,939,173 | $4,528,215 | $4,350,000 | 4 | $4,357,785 | $1,691,908 | $841,259 |
| 2023 | $13,638,946 | $249,511 | $4,692,218 | $4,546,000 | 3 | $4,551,070 | $246,904 | $898,442 |
| 2022 | $18,081,653 | $1,559,029 | $1,245,495 | $996,000 | 1 | $996,000 | $1,358,255 | $1,176,109 |
| 2021 | $17,768,119 | $3,098,219 | $1,176,527 | $996,000 | 1 | — | $2,922,113 | $1,094,184 |
Under IRS private-foundation payout rules, The Richard Tam Foundation reported a distributable amount of $615K for 2025 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
The Richard Tam Foundation is led by Judith L. Sargent, Executive Director since 2023 (on filings since 2021) — the only officer listed, and uncompensated.
Officers on the 2025 filing
Judith L. Sargent
Executive Director
President → Executive Director, 2023
On filings since 2021
5 hrs/week
No compensation reported
Data from IRS Form 990 filings, 2021–2025. "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 Richard Tam Foundation
How much does The Richard Tam Foundation give each year?
The Richard Tam Foundation gave $8.3M across 3 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $4.3M across 4 grants.
What is The Richard Tam Foundation's typical grant size?
The Richard Tam Foundation's median grant in 2025 was $2,500,000, and its average grant was $2,771,667, across 3 grants on its 2025 IRS Form 990-PF.
Where does The Richard Tam Foundation give grants?
The Richard Tam Foundation gives mostly in Massachusetts: 52% of the grant dollars itemized on its 2025 IRS Form 990-PF went to recipients there. The next largest state was Michigan (48%).
Does The Richard Tam Foundation give general operating support?
Not in 2025: none of the 3 grants with a stated purpose on The Richard Tam Foundation's 2025 IRS Form 990-PF were described as general or operating support.
How large is The Richard Tam Foundation?
The Richard Tam Foundation reported $5.5M in total assets on its 2025 IRS Form 990-PF. It paid out $8.3M in qualifying distributions that year, against a required minimum of $615K (roughly 5% of its investment assets).
What is The Richard Tam Foundation's EIN?
The Richard Tam Foundation's EIN (Employer Identification Number) is 88-0241216. IRS Form 990 filing data is available on this page for 2021–2025.
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 2021–2025
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