The RISC Foundation Inc is a private foundation established in 2008 and based in New Haven, Connecticut. The foundation operates as a grantmaking organization focused on philanthropic activities and program support.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$279.4M
+36.0% YoY
Annual Giving
$6.8M
+24.8% YoY
Grant Count
2
+0.0% YoY
Avg Grant Size
$3.4M
+24.8% YoY
Grantmaking
The RISC Foundation operates on an invitation-only basis with no public application process. All grants are designated for "PROGRAM SUPPORT."
Grant Range
s:**
Average Grant
approximately $11,000
How to Apply
. All grants are designated for "PROGRAM SUPPORT."
Ready to take the next step with The Risc Foundation Inc?
Geographic Focus
Where this funder awards grants
The foundation primarily supports New Haven, Connecticut, with additional support in Massachusetts, Maine, the District of Columbia, and other Connecticut communities including Becket, Farmington, Hamden, Wallingford, and Washington.
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
Assets & Revenue (2023):
- Total assets: $205.4 million
- Total revenue: $10.78 million
- Total expenses: $9.96 million
- Investment income and dividends: $719,326
- Net gain from sale of non-inventory assets: $10.06 million
Annual Giving:
- 2024: $12.95 million
- 2023: Approximately $5.4 million in grants awarded
Total Liabilities: $60.2 million (2023)
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $279,381,424 | $205,437,717 | $189,127,197 |
| Revenue | $24,707,166 | $10,780,356 | $4,280,023 |
| Expenses | $14,208,552 | $9,959,018 | $2,955,215 |
| Qualifying Distributions | $54,482,105 | $11,975,607 | $6,500,662 |
| Net Investment Income | $23,889,263 | $9,911,945 | $3,380,470 |
| Distributable Amount | $8,896,566 | $7,635,863 | $7,562,872 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 2 recipients in 2024
Grant Size Distribution
44 grants across all recorded years
Giving History
Grant recipients and amounts by year
No grants recorded for .
Leadership & Key People
Leadership team and compensation from IRS filings
- L. Linfield Simon - President and Director (no compensation)
- Susan R. Simon - Vice President, Clerk, and Director (no compensation)
- Caitlin J. Simon - Treasurer and Director ($35,000 compensation)
- Gregory A. Huber - Director ($35,000 compensation)
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| L LINFIELD SIMON | PRESIDENT/DIRECTOR | 30 | $160,000 |
| SUSAN R SIMON | V.P./CLERK/DIRECTOR | 8 | $35,000 |
| CAITLIN J SIMON | TREASURER/DIRECTOR | 8 | $35,000 |
| GREGORY A HUBER | DIRECTOR | 8 | $35,000 |
Contact Information
Address: 140 Ogden Street, New Haven, CT 06511-1324
Phone: 203-430-5013
EIN: 71-1051630
Tax-Exempt Status: Since August 2008
Subject Areas
Focus areas based on grantmaking activity
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Data last updated April 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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