Tr Ua Albert W Rice Char

DALLAS, TX EIN: 04-6028085

The Albert W. Rice Charitable Foundation is a private foundation based in Dallas, Texas, established in 1959. Operating as a 501(c)(3) organization since May 1968, the foundation supports educational, health, and human services programming for underserved populations.

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$7.1M

+3.8% YoY

Annual Giving

$320K

-4.5% YoY

Grant Count

+18.2% YoY

Avg Grant Size

$12K

-19.2% YoY

Under IRS private-foundation payout rules, Tr Ua Albert W Rice Char reported a distributable amount of $406K 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

Primary funding focus areas include:

Education
Philanthropy, Voluntarism & Grantmaking
Human Services
Housing
Women's Shelters

Grantmaking

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Geographic Focus

Where this funder awards grants

The foundation primarily funds organizations in Massachusetts, with special emphasis on Worcester, Massachusetts, and surrounding communities.

Grant Distribution by State

Massachusetts $1.6M (99%)

New Hampshire $10K (1%)

States

Massachusetts New Hampshire

Cities

ActionBostonGraftonManchesterNorth GraftonSturbridgeWorcester

Financial History

Multi-year comparison from IRS filings

As of 2024:

Total Assets: $7,107,475
Total Giving: $320,000
Revenue: $715,905
Expenses: $447,484
Net Income: $268,421
Total Liabilities: $0

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2024	2023	2022
Total Assets	$7,107,475	$6,846,403	$7,068,410
Revenue	$715,905	$223,278	$-203,343
Expenses	$447,484	$442,750	$510,827
Qualifying Distributions	$376,317	$385,567	$422,022
Net Investment Income	$644,362	$149,542	$88,096
Distributable Amount	$405,680	$373,156	$385,004

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

121 grants across all recorded years

Open Grants

1 open opportunity from Tr Ua Albert W Rice Char

Foundation

Albert W. Rice Charitable Foundation Grant

TR UA ALBERT W RICE CHAR

Amount

Varies

Deadline

Rolling / Open

Giving History

Grant recipients and amounts by year

Among its reported 2024 grants, the largest include Big Brothers Big Sisters ($20,000), Ascentria Community Service Inc ($20,000), The Casa Project ($20,000).

Recipient	Purpose	Amount
BIG BROTHERS BIG SISTERS WORCESTER, MA	UNRESTRICTED GENERAL	$20,000
NATIVITY SCHOOL OF WORCESTER WORCESTER, MA	UNRESTRICTED GENERAL	$5,000
JEREMIAH'S INN Worcester, MA	SUPPORT JERMIAH'S INN	$10,000
CATHOLIC CHARITIES OF THE DIOCESE WORCESTER, MA	UNRESTRICITED GENERAL	$15,000
JEWISH FEDERATION OF CNTL MASSACHUSETTS WORCESTER, MA	UNRESTRICTED GENERAL	$10,000
GIRLS INCORPORATED OF WORCESTER WORCESTER, MA	UNRESTRICTED GENERAL	$10,000
MASSACHUSETTS ADOPTION RESOURCE EXCHANGE BOSTON, MA	UNRESTRICTED GENERAL	$10,000
COMMUNITY LEGAL AID INC WORCESTER, MA	UNRESTRICTED GENERAL	$15,000
PERNET FAMILY HEALTH SERVICE INC WORCESTER, MA	UNRESTRICTED GENERAL	$10,000
ABBY KELLEY FOSTER HOUSE WORCESTER, MA	UNRESTRICTED GENERAL	$15,000

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

From 2024 IRS filing

From 2024 filing

Name	Title	Hours	Compensation
BANK OF AMERICA	TRUSTEE	1	$87,051

Contact Information

Mailing Address: PO Box 653067 Dallas, TX 75265-3067

Phone: 888-866-3275

Website: www.bankofamerica.com/philanthropic/foundation

EIN: 04-6028085

Frequently Asked Questions

What does Tr Ua Albert W Rice Char fund?

The foundation supports and promotes quality educational, human services, and health care programming for underserved populations. Special consideration is given to charitable organizations that serve the people of Worcester, Massachusetts, and surrounding communities. Primary funding focus areas include: • Education • Philanthropy, Voluntarism & Grantmaking • Human Services • Housing • Women's Shelters

How do I apply for a grant from Tr Ua Albert W Rice Char?

**Grant Characteristics:** • Typical grant awards range from $5,000 to $25,000 • Most grants are awarded for one-year periods, though multi-year support may be awarded on occasion • The foundation encourages grant requests for general operating or program support **Recent Activity:** • Total giving in 2024: $320,000 • One active grant opportunity identified

Where does Tr Ua Albert W Rice Char make grants?

The foundation primarily funds organizations in Massachusetts, with special emphasis on Worcester, Massachusetts, and surrounding communities.

What size grants does Tr Ua Albert W Rice Char award?

In 2024, Tr Ua Albert W Rice Char awarded 26 grants totaling $320K — an average of about $12K per grant, based on its IRS Form 990 filings.

How much is Tr Ua Albert W Rice Char required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2024, Tr Ua Albert W Rice Char reported a distributable amount of $406K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.