Rice Family Foundation
- Assets
- $65.2m
- Revenue
- $3.1m
- Investments
- $61.0m
- Employees
- 0
- Location
- Bedford, NY
- Founding
- 00/0000
- Data as of
- 12/2022
- EIN
- 13-3542090
Organization Overview
Rice Family Foundation is located in Bedford, NY. The organization was established in 0000. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Rice Family Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2022, Rice Family Foundation generated $3.1m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (11.9%) each year. All expenses for the organization totaled $4.6m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Rice Family Foundation has awarded 224 individual grants totaling $20,000,750. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Edward Hart Rice Co-Pres, Secretary & Direc | 2 | $0 | |
Eve Hart Rice Co-Pres, Treasurer & Direc | 2 | $0 | |
Timothy Mattison Vice President & Director | 2 | $0 | |
Nancy A Rice Vice President & Director | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $1,167,158 |
| Net Rental Income | $1,873,775 |
| Net Gain on Sale of Assets | $60,492 |
| Capital Gain Net Income | $60,492 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $3,101,425 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $608,640 |
| Taxes | $514,416 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $175,426 |
| Total operating and administrative expenses | $1,334,216 |
| Contributions, gifts, grants paid | $3,266,000 |
| Total expenses and disbursements | $4,600,216 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $20,960 |
| Savings and temporary cash investments | $4,128,018 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $15,811,487 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $65,160,185 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $40,353,644 |
| Total liabilities | $40,353,644 |
Grants Awarded
Over the last fiscal year, Rice Family Foundation has awarded $3,266,000 in support to 41 organizations.
| Grant Recipient | Amount |
|---|---|
ACLU FOUNDATION PURPOSE: GENERAL | $100,000 |
AMERICARES PURPOSE: GENERAL | $50,000 |
BRENNAN CENTER FOR JUSTICE PURPOSE: GENERAL | $100,000 |
CAPITOL CARING PURPOSE: GENERAL | $10,000 |
CENTER FOR REPRODUCTIVE RIGHTS PURPOSE: GENERAL | $300,000 |
COMMITTEE TO PROTECT JOURNALISTS PURPOSE: GENERAL | $50,000 |