The Risc Foundation Inc
The Risc Foundation Inc is a private foundation based in New Haven, Connecticut. Its stated work includes promoting economic development, relieving poverty, and combating community and environmental deterioration in economically depressed New Haven.
The Risc Foundation Inc at a glance
In short: The Risc Foundation Inc gave $6.8M across 2 grants in 2024 (avg $3.4M), mostly in Connecticut. Source: 2024 IRS Form 990-PF.
- Annual giving (2024)
- $6,774,996
- +24.8% vs 2023
- Grants made (2024)
- 2
- +0.0% vs 2023
- Average grant
- $3,387,498
- +24.8% vs 2023
- Median grant
- $3,387,498
- Total assets
- $279,381,424
- +36.0% vs 2023
- Primary geography
- Connecticut (99% of itemized 2024 grant dollars)
- Latest 990 filing
- Form 990-PF, 2024 View filing
Data from IRS Form 990-PF, 2024; updated October 2026.
How to apply to The Risc Foundation Inc
- Accepts unsolicited proposals
- No
- How to Apply
-
The foundation states that it makes contributions only to preselected charitable organizations and does not accept unsolicited requests for funds.
- Contact
Mailing address: 140 Ogden Street, New Haven, CT 06511
Phone: (203) 430-5013
Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.
Who The Risc Foundation Inc funds
How this funder distributes its grants
Top Recipients
Top 2 recipients in 2024
The largest 2024 recipient was Community Foundation of Greater New Haven ($6.7M). Together the top 2 received $6.8M.
Grant Size Distribution
44 grants across all recorded years
The most common grant size was under $50K: 34 grants of 44 (77%).
Geographic Focus
Where this funder awards grants
In 2024, 99% of grant dollars went to recipients in Connecticut and 1% to recipients in Massachusetts. The listed recipients were in New Haven, Connecticut, and Becket, Massachusetts. The foundation’s filing also describes activities serving New Haven residents.
Grant Distribution by State
Share of 2024 grant dollars across all 2 itemized grants.
Cities
How The Risc Foundation Inc gives
- Giving grew 1615% from 2021 to 2024. Method
- In 2024 it paid out 612% of 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 2020 to 2024, annual grant giving ranged from $311K (2022) to $6.8M (2024). In 2024 it made 2 grants totaling $6.8M.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Community Foundation of Greater New Haven New Haven, CT | Program Support | $6,724,996 |
| Jacob's Pillow Dance Festival Inc Becket, MA | Program Support | $50,000 |
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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 |
|---|---|---|---|---|---|---|---|---|
| 2024 | $279,381,424 | $24,707,166 | $14,208,552 | $6,774,996 | 2 | $54,482,105 | $23,889,263 | $8,896,566 |
| 2023 | $205,437,717 | $10,780,356 | $9,959,018 | $5,429,888 | 2 | $11,975,607 | $9,911,945 | $7,635,863 |
| 2022 | $189,127,197 | $4,280,023 | $2,955,215 | $311,353 | 2 | $6,500,662 | $3,380,470 | $7,562,872 |
| 2021 | $206,137,600 | $612,238 | $2,270,871 | $395,000 | 19 | $5,819,805 | — | $8,032,180 |
| 2020 | $177,113,284 | $16,999,901 | $2,442,250 | $391,038 | 19 | — | $16,328,770 | $9,286,427 |
Under IRS private-foundation payout rules, The Risc Foundation Inc reported a distributable amount of $8.9M for 2024 — the minimum it must pay out in qualifying distributions.
Research compiled by Grantable AI from public sources. Last updated September 2026.
Mission & Focus Areas
The foundation states that its mission includes promoting economic development, relieving poverty, and combating community and environmental deterioration in economically depressed New Haven. Its 2024 filing describes investments involving the Connecticut Center for Arts and Technology’s planned culinary arts program, intended in part to provide job training for New Haven’s minority reentry population; NXTHVN’s work to develop professional artists and support a sustainable arts community; and Conncorp’s efforts to revitalize commercial properties and support community-based businesses.
The filing also describes investments intended to help Elm City Community Market achieve sustainability and preserve jobs for minority and low-income New Haven residents, including people returning from prison. These are described as direct charitable activities, not as grants for outside applicants.
In 2024, the foundation also gave $50,000 to Jacob’s Pillow Dance Festival Inc. The festival describes its mission as supporting dance creation, presentation, education, and preservation, and engaging and deepening public appreciation and support for dance.
Grantmaking
In 2024, the foundation reported two grants totaling $6,774,996. The grants ranged from $50,000 to $6,724,996, with a median of $3,387,498. The largest grant was $6,724,996 to Community Foundation of Greater New Haven for program support; the other was $50,000 to Jacob’s Pillow Dance Festival Inc. for program support.
Leadership & Key People
Leadership team and compensation from IRS filings
The 2024 filing lists L. Linfield Simon as president and director; Susan R. Simon as vice president, clerk, and director; Caitlin J. Simon as treasurer and director; and Gregory A. Huber as director.
The Risc Foundation Inc is led by L. Linfield Simon, President & Director on every filing since 2020; all 4 officers listed in 2024 are compensated.
Officers on the 2024 filing
L. Linfield Simon
President & Director
On filings since 2020
30 hrs/week
$160K (2020) → $160K (2024)
Caitlin J. Simon
Treasurer & Director
On filings since 2020
8 hrs/week
$35K (2020) → $35K (2024)
Gregory A. Huber
Director
On filings since 2020
8 hrs/week
$35K (2020) → $35K (2024)
Susan R. Simon
V.p., Clerk & Director
On filings since 2020
8 hrs/week
$35K (2020) → $35K (2024)
Data from IRS Form 990 filings, 2020–2024. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Compensation Overview
From 2024 IRS filing
The highest reported compensation on the 2024 filing was $160K, to L Linfield Simon (President/Director). 4 officers or directors reported compensation on that filing.
Frequently asked questions about The Risc Foundation Inc
How much does The Risc Foundation Inc give each year?
The Risc Foundation Inc gave $6.8M across 2 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $5.4M across 2 grants.
How large is The Risc Foundation Inc?
The Risc Foundation Inc reported $279.4M in total assets on its 2024 IRS Form 990-PF. It paid out $54.5M in qualifying distributions that year, against a required minimum of $8.9M (roughly 5% of its investment assets).
What does The Risc Foundation Inc fund?
The foundation states that its mission includes promoting economic development, relieving poverty, and combating community and environmental deterioration in economically depressed New Haven. See mission & focus areas ↑
How do I apply for a grant from The Risc Foundation Inc?
The foundation states that it makes contributions only to preselected charitable organizations and does not accept unsolicited requests for funds. Eligibility and process details are in the grantmaking section of this profile. See how to apply ↑
Where does The Risc Foundation Inc make grants?
In 2024, 99% of grant dollars went to recipients in Connecticut and 1% to recipients in Massachusetts. The listed recipients were in New Haven, Connecticut, and Becket, Massachusetts. The foundation’s filing also describes activities serving New Haven residents.
What is The Risc Foundation Inc's EIN?
The Risc Foundation Inc's EIN (Employer Identification Number) is 71-1051630. IRS Form 990 filing data is available on this page for 2020–2024.
Does The Risc Foundation Inc accept unsolicited proposals?
No, according to Grantable's research on the foundation's published guidelines. See how to apply ↑
Data last updated October 2026. Sourced from IRS Form 990-PF filings. Research dossier generated September 2026.
Data update history
(1)
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2024
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