The Richard Tam Foundation

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.

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

-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.

About The Richard Tam Foundation

Based on IRS filings

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

Michigan $12.0M (63%)

Massachusetts $5.7M (30%)

Minnesota $1.5M (8%)

States

Massachusetts Michigan Minnesota

Cities

Ann ArborBostonDetriotRochester

Financial History

Multi-year comparison from IRS filings

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2025	2024	2023
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

Giving Over Time

Total grant dollars and number of grants per year

Grant Insights

How this funder distributes its grants

Top Recipients

Top 3 recipients in 2025

Grant Size Distribution

12 grants across all recorded years

Giving History

Grant recipients and amounts by year

Among its reported 2025 grants, the largest include Boston Children's Hospital ($4,315,000), Henry Ford Clinic ($2,500,000), University of Michigan ($1,500,000).

Recipient	Purpose	Amount
UNIVERSITY OF MICHIGAN ANN ARBOR, MI	LUNG CANCER RESEARCH/EDUCATION	$1,500,000
BOSTON CHILDREN'S HOSPITAL BOSTON, MA	CANCER RESEARCH/EDUCATION	$4,315,000
HENRY FORD CLINIC DETRIOT, MI	MEDICAL RESEARCH/EDUCATION	$2,500,000

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

From 2025 IRS filing

From 2025 filing

Name	Title	Hours	Compensation
JUDITH L SARGENT	Executive Dir.	5	—

Frequently Asked Questions

How large is The Richard Tam Foundation?

As of 2025, The Richard Tam Foundation holds $5.5M in total assets with $1.9M in annual revenue. It awarded 3 grants totaling $8.3M in 2025.

Where does The Richard Tam Foundation operate?

The Richard Tam Foundation has awarded grants in Massachusetts, Michigan, Minnesota.

What size grants does The Richard Tam Foundation award?

In 2025, The Richard Tam Foundation awarded 3 grants totaling $8.3M — an average of about $2.8M per grant, based on its IRS Form 990 filings.

How much is The Richard Tam Foundation required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2025, The Richard Tam Foundation reported a distributable amount of $615K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.