Richard M Fairbanks Foundation Inc

Supporting OrganizationIRS data 2022–2024

Indianapolis, INEIN 311189885 Website

Annual Giving

$14.3M-5% YoY

Grants

155

Median Grant

$6K

Organizations Funded

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Foundation Overview

Mission

to advance the vitality of Indianapolis and the well-being of its people

Focus Areas

k-12 educationcollege access and enrollment (fafsa, college readiness)workforce development and youth apprenticeshipswork-based learningstem education and sciences facilitiesteacher and instructional improvement (math instruction)higher education and research partnershipshealth equity and social determinants of health

Grant Types

general operating supportcapital support (facility/capital grants)matching giftsprogram and pilot grantsimplementation grantsplanning and strategic planning grantssponsorships and event underwritingconference sponsorshipscollege scholarship/student support

Funded Initiatives

Indiana Career Apprenticeship Pathway (INCAP) $13M, College Matters initiative $14M, IU School of Medicine programs, IU Public Health School funding

How to Apply

Five-step inquiry process - submit inquiry first, proposals by invitation only. Board meets quarterly for decisions. Currently only accepting Education focus area inquiries

Does Not Fund

individuals, initiatives outside Indianapolis Indiana, currently not accepting Health or Vitality of Indianapolis focus area inquiries

Based on publicly available information from the foundation's 990 filings and website.

Giving History

2024-5%

$14.3M

Grants

155

Median

$6K

States

2023+23%

$15.1M

Grants

166

Median

$4K

States

2022

$12.3M

Grants

154

Median

$4K

States

Grant Size Distribution

$25K

Typical Grant (Median)

$250

Smallest

$11K

25th Pctile

$120K

75th Pctile

$2.0M

Largest

Excludes grants ≤ $5K. Half fall between $11K and $120K.

Largest Recent Grants

$2.0M

2024

Central Indiana Corporate Partnership Foundation Inc

IN · Continued funding for Ascend Indiana's Youth Apprenticeship Marion County Pilot and Statewide Master Plan

$1.4M

2024

The Mind Trust

IN · General Operating Support 2023-2025

$1.1M

2024

WFYI

IN · Continued Support for Side Effects Health Reporting and Expanded Education Reporting

$1.0M

2024

Marian University

IN · School of Engineering

$1.0M

2024

Eskenazi Health Foundation Inc

IN · Support for Health Engagement Zone pilot

Geographic Focus

$14.1M81 grants

$35K2 grants

$30K1 grants

$15K1 grants

Top states by total grant dollars. Based on IRS filing data.

Financial Overview

YearTotal AssetsGrants Paid

2024

$387.3M

$14.3M(3.7%)

2023

$375.5M

$15.0M(4.0%)

2022

$373.3M

$12.2M(3.3%)

Grants paid shown as percentage of total assets

Network Intelligence

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Data sourced from IRS 990 and 990-PF filings and publicly available foundation websites. Grant data, financial figures, and organizational details reflect historical filings and may not represent current operations or funding priorities. Verify directly with the foundation before applying. See an issue? Let us know.