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NEW HAVEN, CT

The Risc Foundation Inc.

Quick Facts

EIN
711051630
Location
NEW HAVEN, CT
Category
Philanthropy & Grantmaking
Total Assets
$279.4M
Annual Income
$54.2M
IRS Ruling Year
2008
Organization Type
Corporation
Principal Officer
% L Linfield Simon
Tax Deductibility
Contributions are deductible

About This Foundation

The Risc Foundation Inc. is a private corporation based in NEW HAVEN, CT. The foundation received its IRS ruling in 2008. The principal officer is % L Linfield Simon. It holds total assets of $279.4M. Annual income is reported at $54.2M. The foundation operates in the area of philanthropy & grantmaking. Contributions to this foundation are tax-deductible.

View 990 Filings

Financial Overview

Total Giving

$10M

2023+237%

Total Assets

$205.4M

2023+9%

Fair Market Value

$205.4M

2023

Net Worth

$145.3M

2023

Grants Paid

$5.4M

2023

Contributions

$0

2023

Net Investment Income

$9.9M

2023

Distribution Amount

$7.6M

2023

Total Giving by Year

$188K
11
$1.5M
12
$688K
13
$914K
14
$2.8M
15
$2.9M
19
$2.4M
20
$2.3M
21
$3M
22
$10M
23

Asset Growth

$42.8M
11
$52.7M
12
$77M
13
$92.5M
14
$89.3M
15
$161.7M
19
$177.1M
20
$206.1M
21
$189.1M
22
$205.4M
23

Investment Portfolio (2023)

Total: $156.7M

Corporate Stock: $156.7M
Cash: $60K
Corporate Stock (100%)
Cash (0%)

Expense Breakdown (2023)

Grants Paid$5.4M
Interest$3.6M
Officer Compensation$70K
Accounting Fees$10K

Revenue Sources (2023)

Capital Gains (Net)
$10.1M
Dividends
$490K
Interest
$230K

Financial Details (2023)

Total Revenue
$10.8M
Total Expenses
$10M
Exempt Purpose Expenses
$9.1M
Required Distribution
$7.6M
Undistributed Income
$0
Total Liabilities
$60.2M
Excise Tax
$138K

Foundation Classification (2023)

Operating FoundationGrants to IndividualsNon-Charity GrantsLobbying ActivityExcess Business Holdings

Grantmaking Insights

Total Grants

4

Total Giving

$5.7M

Average Grant

$1.4M

Median Grant

$156K

Total Giving by Year

$311K (2 grants)
22
$5.4M (2 grants)
23

Grant Range

Min$50K
Max$5.4M
Median: $156K
Smallest grantLargest grant

Openness to New Grantees (2023)

0%

of 2023 grantees were first-time recipients

Geographic Distribution of Grants

AK
ME
VT
NH
WA
ID
MT
ND
MN
WI
MI
NY
MA
MA: $100K (2)
CT
CT: $5.6M (2)
RI
OR
NV
WY
SD
IA
IL
IN
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
CT$5.6M (2)
MA$100K (2)

Past Grantees

RecipientLocationAmountYear
Community Foundation Of Greater New HavenPROGRAM SUPPORTNew Haven, CT$5.4M2023
Jacob'S Pillow Dance Festival IncPROGRAM SUPPORTBecket, MA$50K2023
Community Foundation Of Greater New HavenPROGRAM SUPPORTNew Haven, CT$261K2022
Jacob'S Pillow Dance Festival IncPROGRAM SUPPORTBecket, MA$50K2022

990-PF Filings

Tax PeriodReturn TypeView
2023-12990PFView Filing
2022-12990PFView Filing
2021-12990PFView Filing
2020-12990PFView Filing
2018-12990PFView Filing
2017-12990PFView Filing
2016-12990PFView Filing
2015-12990PFView Filing

Filings sourced from IRS e-file index. View all on ProPublica

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