William and Marsha Rickett
William and Marsha Rickett is a private foundation, based in Burleson, TX. IRS filing data is available from 2020 through 2025. As of 2025, the organization holds $11.3M in total assets. In 2025, it awarded 3 grants totaling $125K. Net investment income was $1.6M.
William and Marsha Rickett at a glance
In short: William and Marsha Rickett gave $125K across 3 grants in 2025 (avg $42K), mostly in Texas. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $125,000
- +31.6% vs 2024
- Grants made (2025)
- 3
- +0.0% vs 2024
- Average grant
- $41,667
- +31.6% vs 2024
- Median grant
- $30,000
- Total assets
- $11,333,912
- +32.5% vs 2024
- Primary geography
- Texas (76% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990-PF, 2025 View filing
Data from IRS Form 990-PF, 2025; updated September 2026.
Who William and Marsha Rickett funds
How this funder distributes its grants
Top Recipients
Top 3 recipients in 2025
The largest 2025 recipient was Arlington Museum of Art ($75K). Together the top 3 received $125K.
Grant Size Distribution
14 grants across all recorded years
The most common grant size was under $50K: 9 grants of 14 (64%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2025 grant dollars across all 3 itemized grants.
Cities
How William and Marsha Rickett gives
- Giving grew 213% from 2022 to 2025. Method
- In 2025 it paid out 69% of its IRS minimum distribution (the 5% rule). Foundations have until the end of the next year to meet it. 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 2021 to 2025, annual grant giving ranged from $40K (2022) to $284K (2023). In 2025 it made 3 grants totaling $125K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Arlington Museum of Art Arlington, TX | General Support | $75,000 |
| Ou Michael F Price College of Business Norman, OK | General Support | $30,000 |
| Texas Rangers Foundation Arlington, TX | General Support | $20,000 |
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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 |
|---|---|---|---|---|---|---|---|---|
| 2025 | $11,333,912 | $3,146,275 | $363,830 | $125,000 | 3 | $307,057 | $1,615,478 | $446,309 |
| 2024 | $8,551,467 | $1,836,892 | $279,177 | $95,000 | 3 | $239,902 | $363,879 | $365,478 |
| 2023 | $6,993,752 | $100,797 | $502,772 | $284,000 | 2 | $455,696 | $149,683 | $340,968 |
| 2022 | $7,395,727 | $639,459 | $258,247 | $40,000 | 4 | $202,069 | $109,387 | $310,523 |
| 2021 | $7,014,515 | $4,130,989 | $188,843 | $135,000 | 2 | $166,681 | $1,608,108 | $208,441 |
| 2020 | $3,075,456 | $210,079 | $19,641 | — | — | — | $210,079 | $183,987 |
Under IRS private-foundation payout rules, William and Marsha Rickett reported a distributable amount of $446K for 2025 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
William and Marsha Rickett is led by William G. Rickett, President & Director on every filing since 2020; 1 of 4 officers listed in 2025 is compensated.
Officers on the 2025 filing
William G. Rickett
President & Director
On filings since 2020
0.5 hrs/week
No compensation reported
Cynthia Rickett Stites
Treasurer & Director
On filings since 2020
5 hrs/week
No compensation reported
Marsha L. Rickett
Vice President & Director
On filings since 2020
0.5 hrs/week
No compensation reported
Charlotte Basta
Secretary
On filings since 2020
1 hr/week
$18K (2020) → $19K (2025)
Data from IRS Form 990 filings, 2020–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Compensation Overview
From 2025 IRS filing
The highest reported compensation on the 2025 filing was $19K, to Charlotte Basta (Secretary).
Frequently asked questions about William and Marsha Rickett
How much does William and Marsha Rickett give each year?
William and Marsha Rickett gave $125K across 3 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $95K across 3 grants.
What is William and Marsha Rickett's typical grant size?
William and Marsha Rickett's median grant in 2025 was $30,000, and its average grant was $41,667, across 3 grants on its 2025 IRS Form 990-PF.
Where does William and Marsha Rickett give grants?
William and Marsha Rickett gives mostly in Texas: 76% of the grant dollars itemized on its 2025 IRS Form 990-PF went to recipients there. The next largest state was Oklahoma (24%). The most frequent recipient cities were Arlington, TX (2 grants).
Does William and Marsha Rickett give general operating support?
Yes: 100% of William and Marsha Rickett's 2025 grants with a stated purpose (3 of 3) were for general or operating support, per its 2025 IRS Form 990-PF.
How large is William and Marsha Rickett?
William and Marsha Rickett reported $11.3M in total assets on its 2025 IRS Form 990-PF. It paid out $307K in qualifying distributions that year, against a required minimum of $446K (roughly 5% of its investment assets). Falling short in one year is not a violation: foundations have until the end of the next year to meet the minimum.
What is William and Marsha Rickett's EIN?
William and Marsha Rickett's EIN (Employer Identification Number) is 27-1499314. IRS Form 990 filing data is available on this page for 2020–2025.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(2)
When this profile's IRS filing data changed on Grantable
- Added Form 990-PF for fiscal year 2025 (received by the IRS April 24, 2026)
- IRS filings on file for fiscal years 2020–2024
Live grants for the work William and Marsha Rickett funds
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