Tr Ua Albert W Rice Char
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
26
+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.
Mission & Focus Areas
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
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
States
Cities
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
| 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
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.
What is Tr Ua Albert W Rice Char's EIN?
Tr Ua Albert W Rice Char's EIN (Employer Identification Number) is 04-6028085. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in Tr Ua Albert W Rice Char's focus areas in our free grants database
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Data last updated June 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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