The Richardson Foundation

KATONAH, NY EIN: 13-3440317 Website

The Richardson Foundation is a private grantmaking foundation based in Katonah, New York. Established in March 1988, it operates as a 501(c)(3) tax-exempt organization. The foundation does not conduct direct charitable activities; instead, it contributes funds to other charitable organizations involved in such work.

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$7.5M

+22.4% YoY

Annual Giving

$740K

-10.7% YoY

Grant Count

-9.2% YoY

Avg Grant Size

$13K

-1.6% YoY

Under IRS private-foundation payout rules, The Richardson Foundation reported a distributable amount of $339K for 2024 — the minimum it must pay out in qualifying distributions.

Research compiled by Grantable AI from public sources. Last updated April 2026.

Mission & Focus Areas

The foundation's primary funding focus areas include:

Education
Philanthropy, Voluntarism & Grantmaking
Human Services
Arts and Creative Writing
Historic Buildings
Journalism

The foundation primarily directs grants to organizations in New York, Pennsylvania, and Virginia.

Grantmaking

The foundation made 66 grants totaling approximately $772,007 in 2023.

Grant Range

$500 to $481,000

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Geographic Focus

Where this funder awards grants

The foundation primarily funds organizations in New York, Pennsylvania, and Virginia.

Grant Distribution by State

New York $2.9M (74%)

California $275K (7%)

New Jersey $272K (7%)

Massachusetts $236K (6%)

Pennsylvania $94K (2%)

Minnesota $50K (1%)

District of Columbia $37K (1%)

New Hampshire $22K (1%)

+8 more states

States

California Colorado Connecticut District of Columbia Iowa Massachusetts Maryland Minnesota New Hampshire New Jersey New York Oklahoma Pennsylvania Texas Virginia Vermont

Cities

Albert LeaArlingtonBedfordBedford HillsBethlehemBooneBostonBriarcliff ManorCheltenhamDingmans FerryEastonElmsfordFrederickHebronKatonahKennett SquareKillingtonLancasterMerrifieldMonrovia

Financial History

Multi-year comparison from IRS filings

Most Recent Financial Data (2023-2024):

Metric	Amount
Total Assets	$7,521,288
Total Revenue	$1,933,799
Total Expenses	$881,418
Total Liabilities	$0
Total Giving	$739,800

The foundation maintains a strong financial position with no outstanding liabilities.

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2024	2023	2022
Total Assets	$7,521,288	$6,146,111	$5,696,806
Revenue	$2,759,864	$1,933,799	$1,718,026
Expenses	$812,654	$881,418	$1,009,455
Qualifying Distributions	$742,800	$830,237	$945,299
Net Investment Income	$2,081,401	$613,787	$818,385
Distributable Amount	$338,739	$289,318	$282,497

Giving Over Time

Total grant dollars and number of grants per year

Grant Insights

How this funder distributes its grants

Top Recipients

Top 10 recipients in 2024

Grant Size Distribution

250 grants across all recorded years

Giving History

Grant recipients and amounts by year

Among its reported 2024 grants, the largest include Metropolitan Museum of Art ($481,000), New York City Ballet ($49,700), Neighbers Link ($36,000).

Recipient	Purpose	Amount
AMERICAN FOR OXFORD INC NEW YORK, NY	GENERAL FUNDING	$10,000
ASSOCIATION OF AMERICAN RHODES SCHOLARS VIENNA, VA	GENERAL FUNDING	$1,000
ASTRAZENECA HOPE LODGE CHELTENHAM, PA	GENERAL FUNDING	$500
BARD GRADUATE CENTERBARD COLLEGE NEW YORK, NY	GENERAL FUNDING	$12,500
BEDFORD 2020 COALITION BEDFORD HILLS, NY	GENERAL FUNDING	$500
BEDFORD AUDUBON SOCIETY KATONAH, NY	GENERAL FUNDING	$500
BEDFORD HISTORICAL SOCIETY BEDFORD, NY	GENERAL FUNDING	$500
BEDFORD PLAYHOUSE BEDFORD, NY	GENERAL FUNDING	$500
BEDFORD POLICE PBA BEDFORD HILLS, NY	GENERAL FUNDING	$500
BEDFORD RIDING LANES BEDFORD, NY	GENERAL FUNDING	$1,000

Leadership & Key People

Leadership team and compensation from IRS filings

Frank E. Richardson — Trustee (1 hour per week, no compensation listed)

The foundation operates with limited staffing based on reported board members and key employees.

Compensation Overview

From 2024 IRS filing

From 2024 filing

Name	Title	Hours	Compensation
FRANK E RICHARDSON	TRUSTEE	1	—

Frequently Asked Questions

What does The Richardson Foundation fund?

The foundation's primary funding focus areas include: • Education • Philanthropy, Voluntarism & Grantmaking • Human Services • Arts and Creative Writing • Historic Buildings • Journalism The foundation primarily directs grants to organizations in New York, Pennsylvania, and Virginia.

How do I apply for a grant from The Richardson Foundation?

**Grant Activity:** • The foundation made 60 grants in its most recent filing period • Typical grant awards range from $250 to $481,000 • Median grant amount: $1,000 • Grant range: $500 to $481,000 **Recent Grantees (2023):** • Rippowam Cisqua School (RCS): $270,000 • Metropolitan Museum of Art: $232,857 • Neighbors Link Corporation: $55,000 The foundation made 66 grants totaling approximately $772,007 in 2023. **Approachability Indicators:** The foundation indicates it accepts preselected gran…

Where does The Richardson Foundation make grants?

The foundation primarily funds organizations in New York, Pennsylvania, and Virginia.

What size grants does The Richardson Foundation award?

In 2024, The Richardson Foundation awarded 59 grants totaling $740K — an average of about $13K per grant, based on its IRS Form 990 filings.

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

Private foundations must generally distribute about 5% of their assets annually. For 2024, The Richardson Foundation reported a distributable amount of $339K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.