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Also known as: FOUNDATION INC
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R Gene And Nancy D Richter Foundation Inc. is a private corporation based in SALINE, MI. The foundation received its IRS ruling in 2004. The principal officer is Nancy D Richter. It holds total assets of $856K. Annual income is reported at $18K. The foundation is governed by 3 officers and trustees. The foundation operates in the area of education. According to its most recent filing, the foundation only makes contributions to preselected charitable organizations. Tax records are available from 2015 to 2023. The foundation primarily funds organizations in Michigan, Arizona and New York. According to available records, R Gene And Nancy D Richter Foundation Inc. has made 7 grants totaling $102K, with a median grant of $20K. Annual giving has decreased from $82K in 2022 to $20K in 2023. Individual grants have ranged from $1K to $20K, with an average award of $15K. The foundation has supported 3 unique organizations. Grants have been distributed to organizations in Arizona and Michigan. Contributions to this foundation are tax-deductible.
Smallest Grant
$1K
Median Grant
$8K
Average Grant
$6K
Largest Grant
$10K
Based on 3 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.
R Gene And Nancy D Richter Foundation Inc. primarily funds organizations in the area of education. Based on available records, the foundation has funded 7 grants. Its grantmaking reaches organizations primarily in AZ, MI.
R Gene And Nancy D Richter Foundation Inc. has distributed a total of $102K across 7 grants. The median grant size is $20K, with an average of $15K. Individual grants have ranged from $1K to $20K.
R Gene And Nancy D Richter Foundation Inc. typically selects its grantees rather than accepting unsolicited proposals. The application deadline is INFORMATION ON SUBMISSIONS IS POSTED ON FOUNDATION WEBSITE, WWW.RICHTERFOUNDATION.ORG. Information on submissions is posted on foundation website, www.richterfoundation.org.
R Gene And Nancy D Richter Foundation Inc. is headquartered in SALINE, MI. While based in MI, the foundation distributes grants to organizations across 2 states.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Nancy Richter | PRESIDENT | $0 | $0 | N/A |
| Frank Richter | DIRECTOR | $0 | $0 | N/A |
| Elizabeth M Richter | DIRECTOR | $0 | $0 | N/A |
Total Giving
$34K
Total Assets
$815K
Fair Market Value
$815K
Net Worth
$815K
Grants Paid
$20K
Contributions
$420
Net Investment Income
$20K
Distribution Amount
$36K
Total: $504K
Total Grants
7
Total Giving
$102K
Average Grant
$15K
Median Grant
$20K
Unique Recipients
3
Most Common Grant
$20K
of 2023 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Institute For Supply ManagementSCHOLARSHIPS | Tempe, AZ | $20K | 2023 |
| University Of Michigan DearbornSCHOLARSHIP PROGRAM | Ann Arbor, MI | $20K | 2022 |
| Family Learning InstitutePROGRAM SERVICES | Ann Arbor, MI | $1K | 2022 |