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Rcb Charitable Foundation Inc. is a private corporation based in READING, MA. The foundation received its IRS ruling in 1999. The principal officer is Donald G Hicks. It holds total assets of $950K. Annual income is reported at $1.1M. The foundation is governed by 12 officers and trustees. The foundation operates in the area of education. Tax records are available from 2021 to 2024. Grantmaking is concentrated in Massachusetts. According to available records, Rcb Charitable Foundation Inc. has made 110 grants totaling $317K, with a median grant of $1K. Annual giving has grown from $124K in 2021 to $194K in 2023. Individual grants have ranged from $100 to $15K, with an average award of $3K. The foundation has supported 61 unique organizations. The foundation primarily supports organizations in Massachusetts, South Carolina, Minnesota, which account for 96% of all grants. Grantmaking reaches organizations across 5 states. Contributions to this foundation are tax-deductible.
Smallest Grant
$500
Median Grant
$4K
Average Grant
$4K
Largest Grant
$15K
Based on 30 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.
Rcb Charitable Foundation Inc. primarily funds organizations in the area of education. Based on available records, the foundation has funded 110 grants. Its grantmaking reaches organizations primarily in MA, SC, MN.
Rcb Charitable Foundation Inc. has distributed a total of $317K across 110 grants. The median grant size is $1K, with an average of $3K. Individual grants have ranged from $100 to $15K.
The Charitable Foundation awards grants of up to $10,000 to increase the quality of life in the greater market area, with special emphasis on projects which focus on disadvantaged or underserved citizens. Primary areas of commitment are workforce development, health and human services, housing, education, community development, the environment, and the arts. Grant requests will be considered for program support, seed money, and capital improvements. The Charitable Foundation will not fund political or sectarian activities. An application form is available on the foundation's website.
Rcb Charitable Foundation Inc. is headquartered in READING, MA. While based in MA, the foundation distributes grants to organizations across 5 states.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Terrence J Bane | Director | $0 | $0 | N/A |
| Sally Boemer Mason | Director | $0 | $0 | N/A |
| Paul Bolger | Director | $0 | $0 | N/A |
| Yvonne Garcia | Director | $0 | $0 | N/A |
| Michael J Linnane | Director | $0 | $0 | N/A |
| James M Liston | Director | $0 | $0 | N/A |
| James J O'Leary | Director | $0 | $0 | N/A |
| Kevin R Powers | Director | $0 | $0 | N/A |
| Kevin F Smith | Director | $0 | $0 | N/A |
| Abel Vargas | Director | $0 | $0 | N/A |
| Julieann M Thurlow | President | $0 | $0 | N/A |
| Anthony J Patti | Treasurer & Clerk | $0 | $0 | N/A |
Total Giving
$72K
Total Assets
$929K
Fair Market Value
$929K
Net Worth
$929K
Grants Paid
$65K
Contributions
$49K
Net Investment Income
$24K
Distribution Amount
$44K
Total: $431K
Total Grants
110
Total Giving
$317K
Average Grant
$3K
Median Grant
$1K
Unique Recipients
61
Most Common Grant
$1K
of 2023 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| North Reading High SchoolNew Football Scoreboard | North Reading, MA | $5K | 2023 |
| Stoneham Theater Corporation Dba Greater Boston Stage CompanyTheatre' Scholarship program | Stoneham, MA | $15K | 2023 |
| Lawrence Community Works IncCampaign for Dyeworks | Lawrence, MA | $10K | 2023 |
| Lawrence PartnershipAnnual Sponsorship & Board Contribution | Lawrence, MA | $9K | 2023 |
| Family Services Of The Merrimack ValleyYouth Services Office & Bowl a Strike for Kids | Lawrence, MA | $8K | 2023 |
| Massachusetts Taxpayers Foundation2023 Membership | Boston, MA | $5K | 2023 |
| Ymca Of Greater BostonSwim Platforms for North Suburban YMCA | Boston, MA | $5K | 2023 |
| Leo IncBuild a preschool in Lynn | Lynn, MA | $5K | 2023 |
| The Dictionary ProjectLynn Rotary Dictionary Project | Charlestown, SC | $4K | 2023 |
| Mission Of Deeds IncHole Sponsor & 30th Anniversary Celebration | Reading, MA | $3K | 2023 |
| Friends Of North Reading Council On AgingAnnual Thanksgiving Dinner Celebration | North Reading, MA | $3K | 2023 |
| Lawrence Boys And Girls Club IncTorch Club | Lawrence, MA | $3K | 2023 |
| Leads IncLEADS Network Sponsorship | Lawrence, MA | $3K | 2023 |
| Greater Lawrence Family Health CenterAnnual Sponsorship Donation & Make A Differce Gala | Methuen, MA | $2K | 2023 |
| Socratic IncMake A Differnce Gala | Lawrence, MA | $2K | 2023 |
| Reading Scholarship FoundationReading Scholarship Fund | Reading, MA | $2K | 2023 |
| Town Of BurlingtonTown Day Silver Sponsor | Burlington, MA | $2K | 2023 |
| Scholarship AmericaBurlington Scholarship Fund | Minneapolis, MN | $1K | 2023 |
| Boston UniversityAmy Ho Scholarship | Boston, MA | $1K | 2023 |
| Cops For Kids With CancerGeneral Support | Braintree, MA | $1K | 2023 |
| My Brother'S TableMy Brother's Table Walk 2022 | Lynn, MA | $1K | 2023 |
| Ymca Of Metro NorthDonation for families in need | Peabody, MA | $1K | 2023 |
| Mystic Valley Elder Services IncElder Independence Fund | Malden, MA | $1K | 2023 |
| Reading Rotary Charitable TrustReading Fall Street Faire Sponsor | Reading, MA | $1K | 2023 |
| Merrimack Valley HospiceSilent Auction | Lawrence, MA | $500 | 2023 |
| Merrimack Valley Community Music SchoolSupports Music at the Andover Farmer's Market | Andover, MA | $500 | 2023 |