INDIANAPOLIS, IN
Richard M Fairbanks Foundation Inc.
Quick Facts
- EIN
- 311189885
- Location
- INDIANAPOLIS, IN
- Category
- General
- Total Assets
- $387.3M
- Annual Income
- $19.9M
- IRS Ruling Year
- 1987
- Organization Type
- Corporation
- Principal Officer
- % Kevin S Kessinger
- Tax Deductibility
- Contributions are deductible
About This Foundation
Richard M Fairbanks Foundation Inc. is a private corporation based in INDIANAPOLIS, IN. The foundation received its IRS ruling in 1987. The principal officer is % Kevin S Kessinger. It holds total assets of $387.3M. Annual income is reported at $19.9M. Contributions to this foundation are tax-deductible.
View 990 FilingsFinancial Overview
Total Giving
$25.3M
2023+16%
Total Assets
$375.5M
2023+1%
Fair Market Value
$375.5M
2023
Net Worth
$375.5M
2023
Grants Paid
$15M
2023
Contributions
$0
2023
Net Investment Income
$25.1M
2023
Distribution Amount
$17.9M
2023
Total Giving by Year
$20.7M
11$13.9M
12$19.5M
13$20.8M
14$21.6M
15$22.5M
19$21.5M
20$21M
21$21.8M
22$25.3M
23Asset Growth
$253.6M
11$252.3M
12$256.5M
13$259.7M
14$261.9M
15$322.6M
19$343.1M
20$417.4M
21$373.3M
22$375.5M
23Investment Portfolio (2023)
Total: $24.3M
Government Obligations: $24.3M
Other Investments: $350.8M
Cash: $369K
Government Obligations (6%)
Other Investments (93%)
Cash (0%)
Expense Breakdown (2023)
Grants Paid$15M
Officer Compensation$1.1M
Depreciation$677K
Interest$613K
Pension & Benefits$466K
Occupancy$241K
Travel & Conferences$92K
Accounting Fees$74K
Legal Fees$71K
Revenue Sources (2023)
- Capital Gains (Net)
- $14.9M
- Other Income
- $12.7M
- Dividends
- $3.4M
- Interest
- $394K
Financial Details (2023)
- Total Revenue
- $31.3M
- Total Expenses
- $25.3M
- Exempt Purpose Expenses
- $18.8M
- Required Distribution
- $17.9M
- Undistributed Income
- $16.5M
- Grants Approved (Future)
- $19.6M
- Total Liabilities
- $1K
- Excise Tax
- $349K
Foundation Classification (2023)
Operating FoundationGrants to IndividualsNon-Charity GrantsLobbying ActivityExcess Business Holdings
Grantmaking Insights
Total Grants
50
Total Giving
$11.1M
Average Grant
$223K
Median Grant
$119K
Grant Range
Min$25K
Max$1M
Median: $119K
Smallest grantLargest grant
Geographic Distribution of Grants
AK
ME
VT
NH
WA
ID
MT
ND
MN
WI
MI
NY
NY: $100K (1)
MA
CT
RI
OR
NV
WY
SD
IA
IL
IL: $119K (1)
IN
IN: $10.9M (48)
OH
PA
NJ
CA
UT
CO
NE
MO
KY
WV
VA
MD
DE
DC
AZ
NM
KS
AR
TN
NC
SC
OK
LA
MS
AL
GA
FL
HI
TX
IN$10.9M (48)
IL$119K (1)
NY$100K (1)
Past Grantees
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Central Indiana Corporate Partnership Foundation IncYouth Apprenticeship Marion County Pilot and Statewide Master Plan | Indianapolis, IN | $1M | 2021 |
| The Mind TrustGeneral Operating Support | Indianapolis, IN | $1M | 2021 |
| NewfieldsVirginia B. Fairbanks Art & Nature Park | Indianapolis, IN | $1M | 2021 |
| Butler UniversityExpansion of Sciences Capital Project | Indianapolis, IN | $1M | 2021 |
| Central Indiana Corporate Partnership Foundation IncGeneral Operating Support for BioCrossroads | Indianapolis, IN | $650K | 2021 |
| Ivy Tech Community CollegeCareer Coaching and Employer Connections Initiative in Marion County | Indianapolis, IN | $550K | 2021 |
| Butler UniversityExpansion of Sciences Capital Project | Indianapolis, IN | $500K | 2021 |
| WfyiSupport to increase public health and education journalism (2021-2023) | Indianapolis, IN | $500K | 2021 |
| Teach For AmericaGeneral Operating Support for Teach for America Indianapolis | Indianapolis, IN | $400K | 2021 |
| The Mind TrustRelay Graduate School of Education National Principals Academy Fellowship | Indianapolis, IN | $330K | 2021 |
| The Mind TrustPilot to improve math instruction in Marion County in partnership with Instruction Partners | Indianapolis, IN | $273K | 2021 |
| Msd Of Wayne TownshipPrevention Matters Substance Use Prevention Initiative for Marion County Schools-Round 1 | Indianapolis, IN | $260K | 2021 |
| The Mind TrustPilot to improve math instruction in Marion County in partnership with Instruction Partners | Indianapolis, IN | $255K | 2021 |
| Indiana Department Of HealthSupport for Public Health Commission | Indianapolis, IN | $250K | 2021 |
| United Way Of Central IndianaMarion County eLearning Network Pilot Communications and Community Engagement Plan | Indianapolis, IN | $245K | 2021 |
| Indianapolis Public SchoolsPrevention Matters Substance Use Prevention Initiative for Marion County Schools-Round 1 | Indianapolis, IN | $230K | 2021 |
| Central Indiana Corporate Partnership Foundation IncConexus Indiana-Catapult Marion County | Indianapolis, IN | $225K | 2021 |
| Institute For Quality EducationGeneral Operating Support | Indianapolis, IN | $200K | 2021 |
| Marian UniversitySupport for Implementation of Fred S. Klipsch Educators College | Indianapolis, IN | $200K | 2021 |
| EdchoiceGeneral Operating Support for Model State Initiative | Indianapolis, IN | $200K | 2021 |
| Health & Hospital Corporation Of Marion CountyMarion County Public Health Department Safe Syringe Access & Support | Indianapolis, IN | $183K | 2021 |
| Dove Recovery House For Women IncCapital Support for Facility Expansion | Indianapolis, IN | $150K | 2021 |
| Msd Of Washington TownshipPrevention Matters Substance Use Prevention Initiative for Marion County Schools-Round 2 | Indianapolis, IN | $147K | 2021 |
| Msd Of Lawrence TownshipPrevention Matters Substance Use Prevention Initiative for Marion County Schools-Extension Grant | Indianapolis, IN | $143K | 2021 |
| Indianapolis Public SchoolsPrevention Matters Substance Use Prevention Initiative for Marion County Schools-Extension Grant | Indianapolis, IN | $120K | 2021 |
| National Opinion Research CenterGetting on Track Early for School Success | Chicago, IL | $119K | 2021 |
| Chalkbeat IndianaGeneral Operating Support | New York, NY | $100K | 2021 |
| Purdue Polytechnic High SchoolPrevention Matters Substance Use Prevention Initiative for Marion County Schools-Round 1 | Indianapolis, IN | $96K | 2021 |
| Urban Act AcademyPrevention Matters Substance Use Prevention Initiative for Marion County Schools-Round 2 | Indianapolis, IN | $74K | 2021 |
| Matchbook LearningPrevention Matters Substance Use Prevention Initiative for Marion County Schools-Extension Grant | Indianapolis, IN | $56K | 2021 |
| Msd Of Decatur TownshipPrevention Matters Substance Use Prevention Initiative for Marion County Schools-Extension Grant | Indianapolis, IN | $55K | 2021 |
| Historic Landmarks Foundation Of IndianaFamily Legacy grant designated for general operating support | Indianapolis, IN | $50K | 2021 |
| Early Learning IndianaGetting On Track Early for School Success | Indianapolis, IN | $50K | 2021 |
| Thomas Gregg Neighborhood SchoolPrevention Matters Substance Use Prevention Initiative for Marion County Schools-Extension Grant | Indianapolis, IN | $41K | 2021 |
| Beech Grove City SchoolsPrevention Matters Substance Use Prevention Initiative for Marion County Schools-Round 1 | Beech Grove, IN | $39K | 2021 |
| Roncalli High SchoolPrevention Matters Substance Use Prevention Initiative for Marion County Schools-Round 1 | Indianapolis, IN | $39K | 2021 |
| University High School Of Indiana IncFinancial and Development Consultants | Carmel, IN | $39K | 2021 |
| Cold Spring SchoolPrevention Matters Substance Use Prevention Initiative for Marion County Schools-Extension Grant | Indianapolis, IN | $38K | 2021 |
| Perry Township SchoolsPrevention Matters Substance Use Prevention Initiative for Marion County Schools-Extension Grant | Indianapolis, IN | $37K | 2021 |
| Overdose Lifeline IncSupport for harm reduction activities to prevent drug overdoses in Marion County | Indianapolis, IN | $35K | 2021 |
| Kipp Indy Public SchoolsPrevention Matters Substance Use Prevention Initiative for Marion County Schools-Extension Grant | Indianapolis, IN | $34K | 2021 |
| Franklin Township Community School CorporationPrevention Matters Substance Use Prevention Initiative for Marion County Schools-Extension Grant | Indianapolis, IN | $33K | 2021 |
| Immigrant Welcome CenterGeneral Operating Support | Indianapolis, IN | $25K | 2021 |
| Mackida Loveal Trip Mentoring Outreach CenterGeneral Operating Support | Indianapolis, IN | $25K | 2021 |
| Indy Hunger NetworkGeneral Operating Support | Indianapolis, IN | $25K | 2021 |
| Central Indiana Corporate Partnership Foundation IncMarion County eLearning Network Pilot Project | Indianapolis, IN | $25K | 2021 |
| Trinity HavenGeneral Operating Support | Indianapolis, IN | $25K | 2021 |
| Crown Hill Heritage FoundationFamily Legacy Grant designated for historic preservation and education programs | Indianapolis, IN | $25K | 2021 |
| The Growing Indy GroupGeneral Operating Support | Indianapolis, IN | $25K | 2021 |
| Westminster Neighborhood ServicesGeneral Operating Support | Indianapolis, IN | $25K | 2021 |
990-PF Filings
| Tax Period | Return Type | View |
|---|---|---|
| 2023-12 | 990PF | View Filing |
| 2022-12 | 990PF | View Filing |
| 2021-12 | 990PF | View Filing |
| 2020-12 | 990PF | View Filing |
| 2018-12 | 990PF | View Filing |
| 2017-12 | 990PF | View Filing |
Filings sourced from IRS e-file index. View all on ProPublica