//
Work at this foundation?
Claim this profile to manage it and see interest from grant seekers.
Richard And Diane Schmalensee Foundation is a private trust based in WELLESLEY HLS, MA. The foundation received its IRS ruling in 2006. The principal officer is Richard Schmalensee. It holds total assets of $521K. Annual income is reported at $124K. Total assets have grown from $340K in 2011 to $493K in 2023. The foundation is governed by 4 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 2020 to 2023. Grantmaking is concentrated in Massachusetts. According to available records, Richard And Diane Schmalensee Foundation has made 53 grants totaling $280K, with a median grant of $1K. Annual giving has grown from $46K in 2021 to $193K in 2023. Individual grants have ranged from $500 to $100K, with an average award of $5K. The foundation has supported 27 unique organizations. The foundation primarily supports organizations in Massachusetts, District of Columbia, Maine, which account for 83% of all grants. Grantmaking reaches organizations across 8 states. Contributions to this foundation are tax-deductible.
Smallest Grant
$500
Median Grant
$1K
Average Grant
$2K
Largest Grant
$7K
Based on 15 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.
Richard And Diane Schmalensee Foundation primarily funds organizations in the area of philanthropy & grantmaking. Based on available records, the foundation has funded 53 grants. Its grantmaking reaches organizations primarily in MA, DC, ME.
Richard And Diane Schmalensee Foundation has distributed a total of $280K across 53 grants. The median grant size is $1K, with an average of $5K. Individual grants have ranged from $500 to $100K.
Richard And Diane Schmalensee Foundation typically selects its grantees rather than accepting unsolicited proposals.
Richard And Diane Schmalensee Foundation is headquartered in WELLESLEY HLS, MA. While based in MA, the foundation distributes grants to organizations across 8 states.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Alexander C Schmalensee | TRUSTEE | $0 | $0 | N/A |
| Diane H Schmalensee | TRUSTEE | $0 | $0 | N/A |
| Richard L Schmalensee | TRUSTEE | $0 | $0 | N/A |
| Nicholas H Schmalensee | TRUSTEE | $0 | $0 | N/A |
Total Giving
$195K
Total Assets
$493K
Fair Market Value
$746K
Net Worth
$442K
Grants Paid
$193K
Contributions
$4K
Net Investment Income
$84K
Distribution Amount
$26K
Total Grants
53
Total Giving
$280K
Average Grant
$5K
Median Grant
$1K
Unique Recipients
27
Most Common Grant
$1K
of 2023 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Boston BalletCHARITABLE-UNRESTRICTED | Boston, MA | $100K | 2023 |
| Pioneer Inst For Public Policy ResearchCHARITABLE-UNRESTRICTED | Boston, MA | $50K | 2023 |
| Resources For The FutureCHARITABLE-UNRESTRICTED | Washington, DC | $10K | 2023 |
| Massachusetts Eye & EarCHARITABLE - UNRESTRICTED | Boston, MA | $5K | 2023 |
| Massbay Cc FoundationCHARITABLE-UNRESTRICTED | Wellesley Hills, MA | $5K | 2023 |
| Mgh Genitourinary Cancer Research FundCHARITABLE - UNRESTRICTED | Boston, MA | $5K | 2023 |
| Max Warburg Courage CurrCHARITABLE-UNRESTRICTED | Boston, MA | $5K | 2023 |
| Church Of The RedeemerCHARITABLE-UNRESTRICTED | Chestnut Hill, MA | $3K | 2023 |
| Wellesley CollegeCHARITABLE-UNRESTRICTED | Wellesley, MA | $3K | 2023 |
| Safe PassageCHARITABLE-UNRESTRICTED | New Gloucester, ME | $2K | 2023 |
| Boston Casa IncCHARITABLE-UNRESTRICTED | Boston, MA | $1K | 2023 |
| Massachusetts Institute Of TechnologyCHARITABLE-UNRESTRICTED | Cambridge, MA | $1K | 2023 |
| Cambodian Village FundCHARITABLE - UNRESTRICTED | San Diego, CA | $1K | 2023 |
| Dana Farber Cancer InstituteCHARITABLE - UNRESTRICTED | Brookline, MA | $1K | 2023 |
| Mass Migrant Families Relief FundCHARITABLE - UNRESTRICTED | Boston, MA | $1K | 2023 |
| Rogerson CommunitiesCHARITABLE-UNRESTRICTED | Roslindale, MA | $2K | 2022 |
| Dartmouth HitchcockCHARITABLE-UNRESTRICTED | Lebanon, NH | $1K | 2022 |
| Pine Street InnCHARITABLE-UNRESTRICTED | Boston, MA | $1K | 2022 |
| Greater Boston FoodbankCHARITABLE-UNRESTRICTED | Boston, MA | $1K | 2022 |
| Hawaii FoodbankCHARITABLE-UNRESTRICTED | Honolulu, HI | $1K | 2022 |
| AmericaresCHARITABLE-UNRESTRICTED | Hagerstown, MD | $1K | 2022 |
| Vermont FoodbankCHARITABLE-UNRESTRICTED | Barre, VT | $1K | 2022 |
| 152 Commonwealth FoundationCHARITABLE-UNRESTRICTED | Boston, MA | $500 | 2022 |
| Rosie'S PlaceCHARITABLE-UNRESTRICTED | Boston, MA | $1K | 2021 |
| EmpathCHARITABLE-UNRESTRICTED | Boston, MA | $1K | 2021 |