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Also known as: DBA MCR FOUNDATION
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Margaret Cole Richards Charitable Foundation Inc. is a private corporation based in INDIANAPOLIS, IN. The foundation received its IRS ruling in 1999. The principal officer is Margaret Cole Richards. It holds total assets of $1.2M. Annual income is reported at $1.1M. Total assets have grown from $1.1M in 2011 to $1.4M in 2023. The foundation is governed by 5 officers and trustees. The foundation operates in the area of philanthropy & grantmaking. According to its most recent filing, the foundation only makes contributions to preselected charitable organizations. Tax records are available from 2017 to 2023. Grantmaking is concentrated in Indiana. According to available records, Margaret Cole Richards Charitable Foundation Inc. has made 25 grants totaling $216K, with a median grant of $6K. Annual giving has grown from $90K in 2021 to $127K in 2022. Individual grants have ranged from $100 to $21K, with an average award of $9K. The foundation has supported 18 unique organizations. The foundation primarily supports organizations in Indiana, Florida, North Carolina, which account for 96% of all grants. Grantmaking reaches organizations across 4 states. Contributions to this foundation are tax-deductible.
Smallest Grant
$400
Median Grant
$3K
Average Grant
$5K
Largest Grant
$28K
Based on 21 grants from the most recent 990-PF filing.
No program descriptions are available for this foundation. Many private foundations report program activities in their annual 990-PF filings — check the Tax Filings section below for the most recent filing.
Margaret Cole Richards Charitable Foundation Inc. primarily funds organizations in the area of philanthropy & grantmaking. Based on available records, the foundation has funded 25 grants. Its grantmaking reaches organizations primarily in IN, FL, NC.
Margaret Cole Richards Charitable Foundation Inc. has distributed a total of $216K across 25 grants. The median grant size is $6K, with an average of $9K. Individual grants have ranged from $100 to $21K.
Margaret Cole Richards Charitable Foundation Inc. typically selects its grantees rather than accepting unsolicited proposals.
Margaret Cole Richards Charitable Foundation Inc. is headquartered in INDIANAPOLIS, IN. While based in IN, the foundation distributes grants to organizations across 4 states.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Marjorie Wilkerson | EXEC DIR & SECY | $32K | $0 | $32K |
| Mary K Schnitz | BOARD MEMBER | $0 | $0 | N/A |
| Stephen L Russell | BOARD MEMBER | $0 | $0 | N/A |
| Pam Smith | BOARD MEMBER | $0 | $0 | N/A |
| Margaret C Russell | PRESIDENT & TREASURER | $0 | $0 | N/A |
Total Giving
$185K
Total Assets
$1.4M
Fair Market Value
$1.5M
Net Worth
$1.4M
Grants Paid
$131K
Contributions
N/A
Net Investment Income
$49K
Distribution Amount
$72K
Total: $216K
Total Grants
25
Total Giving
$216K
Average Grant
$9K
Median Grant
$6K
Unique Recipients
18
Most Common Grant
$5K
of 2022 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Assistance League Of IndianapolisTO FUND OPERATIONS | Indianapolis, IN | $20K | 2022 |
| Indiana Tax Force OneTO FUND OPERATIONS | Indianapolis, IN | $18K | 2022 |
| Geist Christian ChurchTO FUND OPERATIONS | Indianapolis, IN | $12K | 2022 |
| Hvaf Of Indiana IncTO FUND OPERATIONS | Indianapolis, IN | $10K | 2022 |
| Outreach IncTO FUND OPERATIONS | Indianapolis, IN | $10K | 2022 |
| Samaritans PurseTO FUND OPERATIONS | Boone, NC | $10K | 2022 |
| Golden Paws Assistance DogsTO FUND OPERATIONS | Naples, FL | $10K | 2022 |
| Pets Healing VetsTO FUND OPERATIONS | Fishers, IN | $8K | 2022 |
| Sheltering WingsTO FUND OPERATIONS | Indianapolis, IN | $8K | 2022 |
| Bay Presbyterian ChurchTO FUND OPERATIONS | Bonita Springs, FL | $6K | 2022 |
| The U FoundationTO FUND OPERATIONS | Plainfield, IN | $6K | 2022 |
| Uso IndianaTO FUND OPERATIONS | Indianapolis, IN | $5K | 2022 |
| Fairhaven FoundationTO FUND OPERATIONS | Indianapolis, IN | $5K | 2022 |
| Kendras Call For KomfortTO FUND OPERATIONS | Plainfield, IN | $5K | 2021 |
| American Red CrossTO FUND OPERATIONS | Indianapolis, IN | $5K | 2021 |
| Tunnel To Towers FoundationTO FUND OPERATIONS | Staten Island, NY | $5K | 2021 |
| Rediscover Downtown Peru IncTO FUND OPERATIONS | Peru, IN | $1K | 2021 |
| Holy Family ShelterTO FUND OPERATIONS | Indianapolis, IN | $100 | 2021 |
INDIANAPOLIS, IN
INDIANAPOLIS, IN
MERRILLVILLE, IN