William B Rice Aid Fund Inc
William B Rice Aid Fund Inc is a private foundation, based in Hudson, MA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $943K in total assets. In 2024, it awarded 8 grants totaling $8K. Net investment income was $6K.
William B Rice Aid Fund Inc at a glance
In short: William B Rice Aid Fund Inc gave $8K across 8 grants in 2024 (avg $1K), mostly in Massachusetts. Source: 2024 IRS Form 990-PF.
- Annual giving (2024)
- $8,000
- +0.0% vs 2023
- Grants made (2024)
- 8
- +0.0% vs 2023
- Average grant
- $1,000
- +0.0% vs 2023
- Median grant
- $1,000
- Total assets
- $942,818
- +10.8% vs 2023
- Primary geography
- Massachusetts (100% of itemized 2024 grant dollars)
- Latest 990 filing
- Form 990-PF, 2024 View filing
Data from IRS Form 990-PF, 2024; updated September 2026.
Who William B Rice Aid Fund Inc funds
How this funder distributes its grants
Top Recipients
Top 6 recipients in 2024
The largest 2024 recipient was F Rodriguez ($1K). Together the top 6 received $6K.
Organizations only. It also paid 2 individual scholarships ($2,000), which are not listed by name.
Grant Size Distribution
66 grants across all recorded years
The most common grant size was under $50K: 66 grants of 66 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2024 grant dollars across all 8 itemized grants.
States
Cities
How William B Rice Aid Fund Inc gives
- Giving fell 53% from 2021 to 2024. Method
- In 2022 it paid out 81% 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 2020 to 2024, annual grant giving ranged from $8K (2023) to $24K (2020). In 2024 it made 8 grants totaling $8K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| F Rodriguez Hudson, MA | Scholarship | $1,000 |
| A Bryan Hudson, MA | Scholarship | $1,000 |
| B Lopez Hudson, MA | Scholarship | $1,000 |
| O Chaves Hudson, MA | Scholarship | $1,000 |
| K True Hudson, MA | Scholarship | $1,000 |
| N Tingloff Hudson, MA | Scholarship | $1,000 |
| 2 individual scholarships Recipients not named | — | $2,000 |
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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 | $942,818 | $28,911 | $46,699 | $8,000 | 8 | $46,699 | $5,534 | — |
| 2023 | $851,201 | $44,130 | $34,796 | $8,000 | 8 | $34,796 | $27,930 | — |
| 2022 | $813,284 | $31,742 | $35,823 | $12,000 | 11 | $30,400 | $20,842 | $37,720 |
| 2021 | $688,466 | $32,057 | $40,524 | $17,000 | 16 | $31,547 | $20,927 | $30,915 |
| 2020 | $490,284 | $86,533 | $61,971 | $24,000 | 23 | — | $81,147 | $22,535 |
Leadership & Key People
Officers and directors from IRS filings
William B Rice Aid Fund Inc is led by Paul Sheehan, President on every filing since 2020; all 3 officers listed in 2024 are compensated.
Officers on the 2024 filing
Paul Sheehan
President
On filings since 2020
2 hrs/week
$4K (2021) → $8K (2024)
Alfred Weaver
Trustee
On filings since 2020
2 hrs/week
$4K (2021) → $8K (2024)
George Sousa
Trustee
Treasurer → Trustee, 2022
On filings since 2020
10 hrs/week
$6K (2021) → $10K (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 $10K, to George Sousa (Trustee). 3 officers or directors reported compensation on that filing.
Frequently asked questions about William B Rice Aid Fund Inc
How much does William B Rice Aid Fund Inc give each year?
William B Rice Aid Fund Inc gave $8K across 8 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $8K across 8 grants.
What is William B Rice Aid Fund Inc's typical grant size?
William B Rice Aid Fund Inc's median grant in 2024 was $1,000, and its average grant was $1,000, across 8 grants on its 2024 IRS Form 990-PF.
Where does William B Rice Aid Fund Inc give grants?
William B Rice Aid Fund Inc gives mostly in Massachusetts: 100% of the grant dollars itemized on its 2024 IRS Form 990-PF went to recipients there. The most frequent recipient cities were Hudson, MA (6 grants).
Does William B Rice Aid Fund Inc give general operating support?
Not in 2024: none of the 8 grants with a stated purpose on William B Rice Aid Fund Inc's 2024 IRS Form 990-PF were described as general or operating support. Recurring purposes include "Scholarship" (8 grants).
Who are William B Rice Aid Fund Inc's largest grantees?
William B Rice Aid Fund Inc's largest 2024 grantees include F Rodriguez ($1,000), A Bryan ($1,000) and B Lopez ($1,000), according to its 2024 IRS Form 990-PF. It also paid 2 individual scholarships ($2,000), which are not listed by name. Together they received 38% of its itemized 2024 grant dollars.
How large is William B Rice Aid Fund Inc?
William B Rice Aid Fund Inc reported $943K in total assets on its 2024 IRS Form 990-PF. Its revenue that year was $29K.
What is William B Rice Aid Fund Inc's EIN?
William B Rice Aid Fund Inc's EIN (Employer Identification Number) is 04-6058104. IRS Form 990 filing data is available on this page for 2020–2024.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
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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