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Lloyd A Richardson Foundation Inc. is a private corporation based in SALISBURY, MD. The foundation received its IRS ruling in 1958. It holds total assets of $1.3M. Annual income is reported at $37K. Total assets have grown from $1M in 2011 to $1.3M in 2024. The foundation is governed by 3 officers and trustees. The Lloyd A. Richardson Scholarship Committees purpose is to review Qualified Applicants and to award college scholarships to Needy Students in the Salisbury, MD area. Tax records are available from 2020 to 2024. According to available records, Lloyd A Richardson Foundation Inc. has made 11 grants totaling $302K, with a median grant of $1K. Annual giving has grown from $25K in 2020 to $107K in 2023. Grantmaking activity was highest in 2022 with $142K distributed across 6 grants. Individual grants have ranged from $500 to $105K, with an average award of $27K. The foundation has supported 3 unique organizations. Grant recipients are concentrated in Maryland. Contributions to this foundation are tax-deductible.
The Lloyd A. Richardson Scholarship Committees purpose is to review Qualified Applicants and to award college scholarships to Needy Students in the Salisbury, MD area
Expenses: $25K
An example of the scholarship application is attached.
The Lloyd A. Richardson Scholarship Committees purpose is to review Qualified Applicants and to award college scholarships to Needy Students in the Salisbury, MD area. Based on available records, the foundation has funded 11 grants. Its grantmaking reaches organizations primarily in MD.
Lloyd A Richardson Foundation Inc. has distributed a total of $302K across 11 grants. The median grant size is $1K, with an average of $27K. Individual grants have ranged from $500 to $105K.
The application deadline is June 30. Geographic: Wicomico, Worcester, & Somerset Counties of Maryland.
Lloyd A Richardson Foundation Inc. is headquartered in SALISBURY, MD.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Jill Richardson Paquette | Vice President | $2K | $0 | $2K |
| Don E Richardson | Sec/Tres | $2K | $0 | $2K |
| R Furman Richardson | President | $2K | $0 | $2K |
Total Giving
N/A
Total Assets
$1.3M
Fair Market Value
N/A
Net Worth
$1.3M
Grants Paid
N/A
Contributions
N/A
Net Investment Income
N/A
Distribution Amount
N/A
Total Grants
11
Total Giving
$302K
Average Grant
$27K
Median Grant
$1K
Unique Recipients
3
Most Common Grant
$1K
of 2023 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Village Of HopeHOMELESS SUPPORT | Salisbury, MD | $1K | 2023 |
| DiakoniaHOMELESS SUPPORT | Ocean City, MD | $750 | 2023 |
| The Lloyd A Richardson ScholarshipEducational-Used for scholarships | Salisbury, MD | $105K | 2023 |