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Grace Richardson Fund at a glanceAlso receives grants: funding profile →

· Private foundation

Grace Richardson Fund

Its FY2025 filing reports that it funds preselected organizations and did not take unsolicited requests; check the foundation's own site before ruling it out.

$139k
Granted FY2025still arriving
4
Grants FY2025still arriving
3
States reached
$125k
Largest
01What it fundsRead
02The needRead
03Its granteesRead
04Its fieldRead
01What it funds
01100% classified

What it funded, over time

Every grant placed by its stated purpose and the recipient’s mission, by year, FY2017 to 2025.

Public Benefit$277kEnvironment$49kPhilanthropy$36kEducation$17kCivil Rights$5k
02FY2025 · 4 grants

Where the money goes

Grants by size, and the largest recipients.

By grant size · FY2025

  • Under $10k3 grants · $14k
  • $50k–250k1 grant · $125k
$5,000
Median grant
3
States reached
$1.1M
Total assets
Largest grants
RecipientAmount
REASON FOUNDATION$125,450
LEADERSHIP INSTITUTE$5,000
NEW CIVIL LIBERTIES ALLIANCE$5,000
STUDENTS FOR LIBERTY$4,000
02The need
03

Does the money reach high-need areas?

Each grant placed by the hardship in its grantee’s ZIP, against the area’s typical level.

show:

Dollar for dollar, its grants (FY17–25) land where the poverty rate runs at 13%, against an area that typically sits at 10%. 89% of its dollars go to grantees based in above-average-need neighborhoods. Most of its grants land in higher-need ZIPs.

area typical 10%Arizona State University Foundation: $5k → 11%REASON FOUNDATION: $125k → 14%Rockefeller Philanthropy Advisors I: $1k → 17%EARTH DAY TEXAS INC: $5k → 14%THOLOS FOUNDATION: $24k → 14%AREI Inc: $10k → 6%Rocky Mountain Institute: $3k → 7%THE CONSERVATIVE COALITION FOR CLIMATE SOLUTIONS: $1k → 4%STUDENTS FOR LIBERTY: $7k → 6%LEADERSHIP INSTITUTE: $5k → 7%DONORS TRUST INC: $5k → 9%REASON FOUNDATION: $50k → 14%AMERICANS FOR TAX REFORM FOUNDATION: $5k → 14%STUDENTS FOR LIBERTY: $4k → 6%REASON FOUNDATION: $25k → 14%R STREET INSTITUTE: $5k → 14%REASON FOUNDATION: $20k → 14%NEW CIVIL LIBERTIES ALLIANCE: $5k → 14%THE REASON FOUNDATION: $18k → 14%0%20%40%50%more need →
grant to an above-average-need area below average· circle size = grant amount
How this is measured
Matched: human-services grants are those whose grantee’s IRS cause code is Human Services. Placed by people below the poverty line in the grantee’s ZIP, averaged from the tracts in that ZIP.

Which US states its grants reach

WI
NY
OH
CA
CO
VA
AZ
DC
TX
How this is measured
US grants placed by each grantee’s ZIP, which can differ from where services are delivered. Need from public data (U.S. Census/ACS, CDC PLACES, Eviction Lab, USDA), shown as context about the area, never attributed to the funder’s giving.
03Its grantees
repeat funding

Who it funds again

Organizations funded in more than one year, against those funded once.

84%of every dollar goes to organizations it has funded before.
$308k · 4 repeat orgs$59k to everyone else

4 repeat relationships: 2 still active in FY2025, 2 since wound down; 1 grantees were first funded in FY2025 (too recent to call).

How the two cohorts compare

Re-uppedFunded once

Organizations

4
8

Total granted

$308k
$54k

Median revenue growth · since first grant

+41%
+187%

Still filing today

100%
88%

New vs renewed · share of each year

In FY2025, 96% of grant dollars renewed an existing relationship; $5k went to new ones.

50%100%’17’19’20’21’22’23’24’25
RenewedFirst-time

Where new relationships form · theme of each grantee’s first grant

’17’19’20’21’22’23’24’25
EducationEnvironmentRecreation & SportsArts & CultureOther
How this is measured
First-time means a grantee’s first year in the filing window; renewed means funded in an earlier year too. The renewed share climbs naturally as a portfolio matures, so the signal is a year that bucks it (a wave of new grantees). The earliest year is left-censored: relationships that predate the data read as new. Theme is the grantee’s IRS cause.

Backed again, and grew

  • TR
    THE REASON FOUNDATION
    5× · 2020–2025 · $238k · revenue +41%
  • AC
    AMERICAN CONSERVATION COALITION ACTION INC
    2× · 2021–2022 · $30k · revenue +522%
  • SF
    STUDENTS FOR LIBERTY INC
    2× · 2023–2025 · $11k · revenue +1%

Funded once

  • 2C
    21ST CENTRIST FUND AT FIDELITY CHARITABLE
    one grant, 2021 · $24k
  • AI
    AREI INC
    one grant, 2017 · $10k · revenue -85%
  • ED
    EARTH DAY TEXAS INCgraduated
    one grant, 2019 · $5k · revenue +718%
How this is measured

Repeat means funded in two or more distinct years. Growth and survival are read from each grantee’s own subsequent IRS filings.

04Its field

Closest unfunded matches

The nonprofits that most resemble its grantees but are not funded by it, scored along the direction from the rest of the field toward the portfolio. A resemblance in what they say they do, not a recommendation.

1
Open Markets Institute

The open markets institute works to help people relearn how to use competition policy to build stronger democracies, more just and equitable societies, more innovative and sustainable economies, and a more secure and peaceful world.

Education
2
Advocates for Climate Innovation
Philanthropy
3
Competitive Enterprise Institute

Competitive enterprise institute (cei) is a non-profit public policy organization dedicated to the principles of free enterprise and limited government. we believe that consumers are best helped not by government regulation but by being…

—
4
Third Way

To research and develop centrist policy ideas.

Civil Rights
5
American Enterprise Institute for Public Policy Research

The american enterprise institute is a community of scholars and supporters committed to expanding liberty, increasing individual opportunity, and strengthening free enterprise. aei pursues these ideals through independent thinking and the…

Social Science
6
Climate Parliament Inc

Researching policy ideas on climate and clean energy in India, engaging legislators and business leaders to discuss those ideas.

International
7
E3G Third Generation Environmentalism

E3g is a leading international not-for-profit think tank specialising in climate diplomacy harnessing expertise in the politics and economics of climate change.

Environment
8
Frontiers of Freedom Institute

To educate the public on constitutional issues and public policy matters. We are dedicated to the principles of individual liberty, peace through strength, limited government, free enterprise, and the values embodied in the Declaration of…

Public Benefit
9
The Union of Concerned Scientists Inc

The union of concerned scientists puts rigorous, independent science into action, developing solutions and advocating for a healthy, safe, and just future.

International
10
Natural Resource Governance Institute

Nrgi envisions a world where natural resources enable fair, prosperous and sustainable societies, instead of undermining them. nrgi exists because decisions about how natural resources are governed determine the well-being of people in…

International
11
Solar Energy Industries Association

Seia is the driving force behind solar energy and storage, building a stronger solar industry to power america through advocacy and education. representing organizations that promote, manufacture, install and support the development of…

—
12
Climate Catalyst Inc

Climate catalyst sparks collective action to tackle the biggest climate challenges we face today: cutting emissions in heavy industries.

Environment
How this is measured
The grantee most central to the portfolio’s shape is R Street Institute; the most unlike its peers is Earth Day Texas Inc. Resemblance is measured on each organization’s own IRS 990 mission text; it reflects how work is described, not its quality or impact.
04the grantee network

16 grantees tracked through their own filings, 2017–2025.

Each grant beside the grantee’s revenue from every source, year by year.

How this is measured

Counted here: distinct organizations funded across 2017 to 2025, not grant rows in a single year, so this will not match the grant count on the cover. 16 of the 17 grantees resolved in that span have returns of their own we could reconcile.

Each grantee is resolved to its own IRS returns. Association, dated; never a causal claim.

0
Load-bearing (≥25% of a budget)
5
Early backer (in before they grew)
16/16
Grantees still filing
12/16
Grew since first funded

Where the money sits, by cause and then by grantee

THE REASON FOUNDATION: $238,241 · EducationTHE REASON FOUNDATIONSTUDENTS FOR LIBERTY INC: $11,000 · Education+3 more: $11,000 · EducationTholos Foundation: $28,500 · OtherTholos Foundatio…21ST CENTRIST FUND AT FIDELITY CHARITABLE: $24,000 · Other21ST CENTRIST FU…Rocky Mountain Institute: $3,000 · Other+1 more: $1,000 · OtherAMERICAN CONSERVATION COALITION ACTION INC: $30,000 · EnvironmentAMERICAN CO…AREI INC: $10,000 · EnvironmentAREI INCFIDELITY INVESTMENTS CHARITABLE GIFT FUND: $6,000 · Community ImprovementDonors Trust Inc: $5,000 · PhilanthropyROCKEFELLER PHILANTHROPY ADVISORS INC: $1,000 · PhilanthropyLeadership Institute: $5,000 · Public BenefitEARTH DAY TEXAS INC: $5,000 · Recreation & SportsNew Civil Liberties Alliance: $5,000 · Arts & Culture
Education$260,241Other$56,500Environment$40,000Community Improvement$6,000Philanthropy$6,000Public Benefit$5,000Recreation & Sports$5,000Arts & Culture$5,000

Each grantee by its size and the funder’s share of it; top left is load-bearing

25%50%75%100%$1.0M$10M$100Mgrantee revenue →↑ funder's share of their budgetTHE REASON FOUNDATION: $238,241 over 5y, 0.5% of budgetAMERICAN CONSERVATION COALITION ACTION INC: $30,000 over 2y, 13% of budgetTholos Foundation: $28,500 over 2y, 1.0% of budgetSTUDENTS FOR LIBERTY INC: $11,000 over 2y, 0.1% of budgetAREI INC: $10,000 over 1y, 3.3% of budgetFIDELITY INVESTMENTS CHARITABLE GIFT FUND: $6,000 over 1y, 0.0% of budgetEARTH DAY TEXAS INC: $5,000 over 1y, 0.2% of budgetR STREET INSTITUTE: $5,000 over 1y, 0.0% of budgetARIZONA STATE UNIVERSITY FOUNDATION FOR A NEW AMERICAN UNIVERSITY: $5,000 over 1y, 0.0% of budgetRocky Mountain Institute: $3,000 over 1y, 0.0% of budgetROCKEFELLER PHILANTHROPY ADVISORS INC: $1,000 over 1y, 0.0% of budgetThe Conservative Coalition for Climate Solutions: $1,000 over 1y, 0.1% of budgetUNIVERSITY OF COLORADO FOUNDATION: $1,000 over 1y, 0.0% of budget
Grantee by grantee: a decade per organization, before and after funding

A decade per grantee: revenue shaded, grants as bars, all rows on one timeline.

Co-funders

Grantmakers whose grantees overlap with this funder’s far more than size alone predicts. Closer means stronger alignment; arcs show where they also fund each other. Here they form a tightly interlocked group: most of these funders back each other's grantees too.

Atlas Economic Resear…Charles Koch Foundati…Donors Trust IncDonor Advised Charita…Fidelity Investments …Amazonsmile Foundation
Atlas Economic Research FoundationVA15.7× affinity5 shared granteesties to 5 of 5Hover any node to trace its alignments.Compare side by side →

Open a dossier: Atlas Economic Research Foundation · Charles Koch Foundation · Donors Trust Inc · Donor Advised Charitable Giving Inc · Fidelity Investments Charitable Gift Fund · Amazonsmile Foundation

How this is measured
Affinity is a Gamma-Poisson posterior co-funding rate, re-centered on the typical rate, so thin evidence shrinks toward no signal. Overlap is association, not proof of shared intent.

How much its grantees rely on government

Each dot is one organization Grace Richardson Fund funds: left to right is the share of its income from government, bottom to top the share from Grace Richardson Fund. Bigger dots raise more.

2024
’20’21’22’23’24’25
no gov · 10%1%4%8%15%funder's share of their income ↑0%3%5%8%10%share of the org’s income from government →
    no gov moneyreceives it· size = income
    1get no government money at all
    0rely on government for over half their income
    ⤢ axis zoomed · 0–10%
    typical government reliance, FY20–25
    How this is measured
    Government income is each org’s traced federal awards (USASpending grants and contracts) plus state payments (open checkbooks) as a share of its total revenue (IRS Form 990); the self-reported government-grant line (990 line 1e) is carried for cross-check: a grantee that reports government grants we could not trace to a source is left off the chart rather than shown as receiving none. An association, not a claim that a grant caused the public funding. Coverage is precision-first, a floor rather than a census; state records exist for 9 states, so a grantee outside them shows no state figure (dimmed) rather than a false zero. Federal award amounts are obligations, which can span years, so a single-year share is indicative. 990 filings lag 12 to 24 months.

    On method. Every financial figure here is read from IRS e-file XML, the funder’s own 990/990-PF, and from the multi-year returns of the 17 grantees we resolved, each linked to its source. Grantee outcomes are each organization’s own program-service reporting (Form 990, Part III), read as association with funding, never as caused by it. Low-confidence name matches are suppressed rather than guessed. How we build these →

    How this is measured
    Each figure carries one of six labels. Filed is what the funder reported on its return. Official is another government record about an organization, such as a federal award or a charity register, joined by name where no shared identifier exists. Resolved is an identity we worked out where the filing named a recipient without an EIN, kept only above a measured confidence threshold. Computed is arithmetic over those, like themes, portfolio clusters and co-funder strength. Context is a statistic about a place rather than about an organization, which is what the need overlay is: it describes the area a grantee’s address sits in, not where its work lands. Inferred is drawn by a model from text, like the partnerships read out of public news and organization websites. Each is labeled where it appears.

    Generated from the IRS Form 990-PF e-file return for fiscal year 2025, released 2025. Filings run roughly 12 to 24 months behind; figures are dated accordingly.

    Source object · view filing

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    More from the funding graph

    The unnamed billions
    grants reported with no recipient in the public record
    The regranting layer
    51% of grant dollars land in the regranting layer
    The DAF merry-go-round
    $9.7B circulates between donor-advised funds
    The endowment market
    who holds foundation money, and what just moved
    The camps
    funders cluster by geography, not ideology
    By state
    where grant money is based, and what stays home