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Richie And Leah Lai Foundation is a private corporation based in ATLANTA, GA. The foundation received its IRS ruling in 2018. It holds total assets of $10.9M. Annual income is reported at $13.2M. The foundation is governed by 2 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. The foundation primarily funds organizations in Washington and Massachusetts. According to available records, Richie And Leah Lai Foundation has made 2 grants totaling $1.2M, with a median grant of $575K. The foundation has distributed between $532K and $619K annually from 2022 to 2023. Individual grants have ranged from $532K to $619K, with an average award of $575K. Grant recipients are concentrated in Massachusetts. Contributions to this foundation are tax-deductible.
Smallest Grant
$10K
Median Grant
$25K
Average Grant
$76K
Largest Grant
$410K
Based on 7 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.
Richie And Leah Lai Foundation primarily funds organizations in the area of philanthropy & grantmaking. Based on available records, the foundation has funded 2 grants. Its grantmaking reaches organizations primarily in MA.
Richie And Leah Lai Foundation has distributed a total of $1.2M across 2 grants. The median grant size is $575K, with an average of $575K. Individual grants have ranged from $532K to $619K.
Richie And Leah Lai Foundation typically selects its grantees rather than accepting unsolicited proposals.
Richie And Leah Lai Foundation is headquartered in ATLANTA, GA. The foundation primarily funds organizations in Washington, Massachusetts.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Richie Lai | TRUSTEE | $0 | $0 | N/A |
| Leah Lai | TRUSTEE | $0 | $0 | N/A |
Total Giving
$637K
Total Assets
$10.3M
Fair Market Value
$11.4M
Net Worth
$10.3M
Grants Paid
$532K
Contributions
N/A
Net Investment Income
$207K
Distribution Amount
$536K
Total: $2.7M
Total Grants
2
Total Giving
$1.2M
Average Grant
$575K
Median Grant
$575K
Unique Recipients
1
Most Common Grant
$532K
of 2023 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Fidelity Daf Ima Lai Char FundGENERAL OPERATING | Boston, MA | $532K | 2023 |
ATLANTA, GA
ATLANTA, GA
ATLANTA, GA