Funder DirectoryTHE RICBAC FOUNDATION
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Private foundation (trust)EIN 042660137Est. 1979-02

THE RICBAC FOUNDATION

NEWTONVILLE, MA 02460

Total Assets

$48.2M

FY 2023

Annual Giving

$2.3M

FY 2023

Grants Made

5

FY 2023

Avg Grant

$459K

FY 2023

Grant Range

$25K–$1.5M

Typical

Deadlines

Applications

Focus Areas

Medical Research

Financial Snapshot

2023 filing

Total Revenue

$2.6M

Total Expenses

$2.1M

Qualifying Distributions

$1.8M

Distributable Amount

$2.3M

Min. Investment Return

$2.3M

Payout rate 80%Arc chart showing what share of IRS distributable amount was paid out as qualifying distributions in the latest filing.80%

Payout rate

Qualifying distributions as a share of distributable amount.

Grant Range

5 grants

Grant sizes from minimum $25K through median $162K to maximum $1.5M, shown on a logarithmic scale.

Logarithmic scale — typical grant portfolios span orders of magnitude, so distances are proportional to multiplicative change, not dollar gaps.

Giving Over Time

3 years

Giving over time from 2020 to 2023. Peak $5.3M in 2022. Hover bars for details.

Total dollars recorded per filing year. Scale adjusts to the foundation's range.

Top Recipients

14 grants

MASS GENERAL HOSPITAL
$9.1M
3 grants
MASS GENERAL HOSPITAL - PRIOR YEAR GRANTS PAID IN CURRENT YEAR
$2.1M
2 grants
COOPER UNION - PRIOR YEAR GRANTS PAID IN CURRENT YEAR
$1.1M
2 grants
MARINE BIOLOGICAL LABORATORY
$162K
1 grant
FIDELITY CHARITABLE
$96K
1 grant
MA COVID-19 RELIEF FUND
$75K
1 grant
RAZOM INC
$50K
1 grant
UNITED HATZALA
$25K
1 grant

Grant Size Distribution

14 grants

<$10K
$10–50K
4
grants
$50–250K
3
grants
$250K–1M
3
grants
$1–5M
4
grants
$5M+

Geographic Focus

3 states

Massachusetts
$11.5M
91% of total
New York
$1.2M
9% of total
Connecticut
$25K
0% of total

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THE RICBAC FOUNDATION — Grants, Financials & Contact | Grantivo