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

26

+18.2% YoY

Avg Grant Size

$12K

-19.2% YoY

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

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

2states

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
$0$453K$907K$1M$2M20202021202220232024
Metric202420232022
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

$0$93K$185K$278K$370K23 grants202024 grants202126 grants202222 grants202326 grants2024

Grant Insights

How this funder distributes its grants

Top Recipients

Top 10 recipients in 2024

BIG BROTHERS BIG SISTERS$20KASCENTRIA COMMUNITY SERV…$20KTHE CASA PROJECT$20KCATHOLIC CHARITIES OF TH…$15KCOMMUNITY LEGAL AID INC$15KABBY KELLEY FOSTER HOUSE$15KPATHWAYS FOR CHANGE INC$15KAFRICAN COMMUNITY EDUCAT…$15KWORCESTER REFU& IMMIGR S…$15KMUSTARD SEED MEAL PROGRAM$15K

Grant Size Distribution

121 grants across all recorded years

121<$50K$50–100K$100–250K$250–500K$500K–1M$1–5M$5M+

Open Grants

1 open opportunity from Tr Ua Albert W Rice Char

Giving History

Grant recipients and amounts by year

No grants recorded for .

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

From 2024 IRS filing

BANK OF AMERICATRUSTEE$87K

From 2024 filing

NameTitleHoursCompensation
BANK OF AMERICATRUSTEE1$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

Data last updated April 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.

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