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The Ricbac Foundation is a private trust based in NEWTONVILLE, MA. The foundation received its IRS ruling in 1979. The principal officer is % Eric Isselbacher. It holds total assets of $44.2M. Annual income is reported at $5.3M. The foundation operates in the area of health. According to available records, The Ricbac Foundation has made 10 grants totaling $7.3M, with a median grant of $526K. Annual giving has decreased from $5M in 2021 to $2.3M in 2023. Individual grants have ranged from $25K to $2.8M, with an average award of $726K. The foundation has supported 8 unique organizations. Grants have been distributed to organizations in Massachusetts and New York and Texas. Contributions to this foundation are tax-deductible.
The Ricbac Foundation primarily funds organizations in the area of health. Based on available records, the foundation has funded 10 grants. Its grantmaking reaches organizations primarily in MA, NY, TX.
The Ricbac Foundation has distributed a total of $7.3M across 10 grants. The median grant size is $526K, with an average of $726K. Individual grants have ranged from $25K to $2.8M.
The Ricbac Foundation typically selects its grantees rather than accepting unsolicited proposals.
The Ricbac Foundation is headquartered in NEWTONVILLE, MA. While based in MA, the foundation distributes grants to organizations across 3 states.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Anne Becker | TRUSTEE, TREASURER | $40K | $0 | $40K |
| Eric Isselbacher Md | TRUSTEE, CHAIRMAN | $40K | $0 | $40K |
| Peter Hermann | TRUSTEE | $8K | $0 | $8K |
| Hugh Barry | TRUSTEE | $8K | $0 | $8K |
| Leila E Dal Pos | SECRETARY | $0 | $0 | $0 |
Total Giving
$2.1M
Total Assets
$42.3M
Fair Market Value
$48.2M
Net Worth
$42.1M
Grants Paid
$1.8M
Contributions
$0
Net Investment Income
$2.3M
Distribution Amount
$2.3M
Total: $38.1M
Total Grants
10
Total Giving
$7.3M
Average Grant
$726K
Median Grant
$526K
Unique Recipients
8
Most Common Grant
$25K
of 2023 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Mass General HospitalMEDICAL CANCER RESEARCH | Charlestown, MA | $1.5M | 2023 |
| Cooper Union - Prior Year Grants Paid In Current YearMEDICAL CANCER RESEARCH | New York, NY | $537K | 2023 |
| Marine Biological LaboratoryMEDICAL CANCER RESEARCH | Woods Hole, MA | $162K | 2023 |
| United HatzalaEMERGENCY MEDICAL TRAINING AND TREATMENT | New York, NY | $25K | 2023 |
| American Friends Of Magen David AdomEMERGENCY MEDICAL TRAINING AND TREATMENT | New York, NY | $25K |
| Walter Salmon |
| TRUSTEE |
| $0 |
| $0 |
| $0 |
| Ray A Goldberg Mba Phd | TRUSTEE | $0 | $0 | $0 |
| 2018 | 990PF | View |
| 2017 | 990PF | View |
| 2023 |
| Mass General Hospital - Prior Year Grants Paid In Current YearMEDICAL CANCER RESEARCH | Charlestown, MA | $1M | 2021 |
| Harvard Medical School- Prior Year Grants Paid In Current YearMEDICAL CANCER RESEARCH | Boston, MA | $550K | 2021 |
| Ut Southwestern Meical CenterMEDICAL CANCER RESEARCH | Dallas, TX | $75K | 2021 |
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