Richard and Diane Schmalensee Foundation
Preselected recipients only
Richard and Diane Schmalensee Foundation is a private foundation in Wellesley Hills, Massachusetts. In tax year 2025 it gave $52,250 in 12 grants; the typical grant was $3,000 and the largest $10,000. It only gives to organizations it selects itself and does not accept unsolicited applications.
From its IRS Form 990-PF for tax year 2025.
- Grants paid, 2025$52,250
- Number of grants12
- Typical grant$3,000
- Largest grant$10,000
- Assets$794,718
- New grantees17%
Giving in 2025 was down from $54,000 the year before.
17% of its 2025 grantees had not received a grant from it the year before, a mix of repeat and new grantees.
Giving by year
| Tax year | Grants paid | Number of grants | Assets |
|---|---|---|---|
| 2023 | $192,500 | 15 | $745,880 |
| 2024 | $54,000 | 14 | $766,488 |
| 2025 | $52,250 | 12 | $794,718 |
How to apply
Richard and Diane Schmalensee Foundation says in its IRS filing that it only makes contributions to preselected organizations, so unsolicited applications are unlikely to be considered. Organizations it funds are usually invited.
What Richard and Diane Schmalensee Foundation funds
Where it gives
Its grants went to recipients in 4 states, the most to Massachusetts.
| State | Grants | Amount |
|---|---|---|
| Massachusetts | 9 | $40,000 |
| District of Columbia | 1 | $10,000 |
| California | 1 | $1,250 |
| Iowa | 1 | $1,000 |
Grants paid in 2025
| Recipient | Purpose | Amount |
|---|---|---|
| Resources for the Future | Charitable-unrestricted | $10,000 |
| Massbay CC Foundation | Charitable-unrestricted | $10,000 |
| MGH Genitourinary Cancer Research Fund | Charitable - unrestricted | $10,000 |
| Boston Ballet | Charitable-unrestricted | $5,000 |
| Massachusetts Eye & Ear | Charitable - unrestricted | $5,000 |
| Church of the Redeemer | Charitable-unrestricted | $3,500 |
| Pioneer Inst for Public Policy Research | Charitable-unrestricted | $2,500 |
| Dana Farber Cancer Institute | Charitable - unrestricted | $2,000 |
| Cambodian Village Fund | Charitable - unrestricted | $1,250 |
| Massachusetts Institute of Technology | Charitable-unrestricted | $1,000 |
| American Red Cross | Donation - unrestricted | $1,000 |
| Wellesley College | Donation - unrestricted | $1,000 |
Officers and trustees
- Richard L Schmalensee
- Diane H Schmalensee
- Alexander C Schmalensee
- Nicholas H Schmalensee
Questions people ask
Does Richard and Diane Schmalensee Foundation accept grant applications?
No. Its IRS filing says it only makes contributions to preselected organizations.
How much does Richard and Diane Schmalensee Foundation give?
$52,250 in tax year 2025, across 12 grants, with a typical grant of $3,000.
Who runs Richard and Diane Schmalensee Foundation?
Its 2025 filing lists Richard L Schmalensee (Trustee), Diane H Schmalensee (Trustee), Alexander C Schmalensee (Trustee) and Nicholas H Schmalensee (Trustee).
What does Richard and Diane Schmalensee Foundation fund?
Based on its grants, mainly science and research and health.