The Richard Tam Foundation

Foundation · Grantmaker Las Vegas, NV EIN: 88-0241216

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.

Key facts about The Richard Tam Foundation

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.

EIN
88-0241216
Latest 990 filing
Form 990-PF, 2025
Annual giving (2025)
$8,315,000
Grants made (2025)
3
Average grant
$2,771,667
Median grant
$2,500,000
Total assets
$5,483,306
Primary geography
Massachusetts (52% of itemized 2025 grant dollars)

Data from IRS Form 990-PF, 2025; updated September 2026.

Financial Overview

From 2025 IRS Form 990-PF · View filing

Total Assets

$5.5M

-54.5% YoY

Annual Giving

$8.3M

+91.1% YoY

Grant Count

3

-25.0% YoY

Avg Grant Size

$2.8M

+154.9% YoY

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.

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.

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

3states

Share of all 3 itemized 2025 grant dollars.

Cities

Ann ArborBostonDetriotRochester

Giving Over Time

Total grant dollars and number of grants per year

$0$2.5M$5M$7.5M$10M1 grants20211 grants20223 grants20234 grants20243 grants2025

Grant Insights

How this funder distributes its grants

Top Recipients

Top 3 recipients in 2025

Boston Children's Hospital: $4.3MBoston Children's Hospital$4.3MHenry Ford Clinic: $2.5MHenry Ford Clinic$2.5MUniversity of Michigan: $1.5MUniversity of Michigan$1.5M

Grant Size Distribution

12 grants across all recorded years

<$50K$50–100K$100–250K$250–500K5$500K–1M7$1–5M$5M+

Giving History

Grant recipients and amounts by year

RecipientPurposeAmount
BOSTON CHILDREN'S HOSPITAL Boston, MACANCER RESEARCH/EDUCATION$4,315,000
HENRY FORD CLINIC Detriot, MIMEDICAL RESEARCH/EDUCATION$2,500,000
UNIVERSITY OF MICHIGAN Ann Arbor, MILUNG CANCER RESEARCH/EDUCATION$1,500,000

Financial History

Multi-year comparison from IRS filings

Revenue
Expenses
Qualifying Distributions
Net Investment Income
$0$2.5M$5M$7.5M$10M20212022202320242025
Metric202520242023
Total Assets$5,483,306$12,049,904$13,638,946
Revenue$1,884,547$2,939,173$249,511
Expenses$8,451,145$4,528,215$4,692,218
Qualifying Distributions$8,323,343$4,357,785$4,551,070
Net Investment Income$1,756,745$1,691,908$246,904
Distributable Amount$615,277$841,259$898,442

Data update history

When this profile's IRS filing data changed on Grantable

  1. IRS filings on file for fiscal years 2021–2025

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.

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