The Randolph Foundation

The Randolph Foundation is the philanthropic vehicle of Heather Richardson Higgins, CEO of Independent Women’s Voice and chair of the board of Independent Women’s Forum.  The foundation primarily supports center-right advocacy nonprofits.

At-A-Glance

Type: Non-profit
Formation:

2003

President:

Heather R. Higgins

Location: New York, NY View on map
Tax ID: 47-0892971
Most Recent Filing: 2024
Budget (2024): Assets: $51,001,874 Revenue: $2,952,421 Expenses: $3,383,288

Contents

    Heather Richardson Higgins

    Background

    The Randolph Foundation is the philanthropic vehicle of Heather Richardson Higgins, whose wealth comes from over-the-counter medicines company Richardson-Vicks, notable for creating Vicks VapoRub. 1 Higgins is the daughter of R. Randolph Richardson, who served as president of the Smith Richardson Foundation between 1973-1993. 2

    Political Advocacy

    Higgins is CEO of Independent Women’s Voice and chair of the board of Independent Women’s Forum. 3

    In January 2017, she predicted that Americans should expect then-President Donald Trump “to act with authority, to be the hero who stands up for Americans, takes on CEOs, builds the wall, and ensures better health-care options.” 4

    In February 2018, she said that then-President Trump “is changing America’s course as he puts Americans first and implements many of the major policy reforms he promised during his campaign.” 5

    After the Capitol riot in January 2021, Higgins said that “everyone has unambiguously condemned the rioters in the Capitol, as they should. But many have fallen into the trap of accepting that they ought to be embarrassed, as though the rioters represented them or even most Trump supporters, neither of which is the case.” 6

    In March 2022, Higgins responded to President Joe Biden’s State of The Union address, saying, “President Biden was elected on the promise of keeping Americans together.  But over the last year, Biden bowed to the wishes of the progressive left again and again, rather than the exhausted majority that elected him.” 7

    Grantmaking

    In 2005 the Randolph Foundation supported a survey by professors Robert Lichter of George Mason University, Stanley Rothman of Smith College, and Neil Nevitte of the University of Toronto of 1,543 full-time faculty at 183 colleges and universities. The survey reported that 72 percent of those surveyed said they were liberal, and 15 percent said they were conservative, while 50 percent called themselves Democrats and 11 percent Republicans. “There was no field we studied in which there were more conservatives than liberals or more Republicans than Democrats,” Lichter told the Washington Post. 8

    The Randolph Foundation’s three largest grants in 2018 were to Harvard University ($200,000), Independent Women’s Forum ($75,000), and Victory Programs ($58,000). 9

    Financial Statistics

    Total Assets

    Total Revenue

    Total Expenses

    YearTotal AssetsTotal RevenueTotal ExpensesFiling
    2024 $51,001,874 $2,952,421 $3,383,288 View
    2023 $50,759,353 $-2,341,122 $3,936,564 View
    2022 $50,778,740 $437,396 $3,692,383 View
    2021 $63,522,871 $5,642,250 $3,921,465 View
    2020 $59,879,956 $6,662,983 $3,253,439 View

    Prior year filings: 2015, 2014, 2013, 2012, 2011

    Expenses Detail

    Employee Compensation

    Highest Earning Employees

    EmployeeTitleTotal Compensation
    Heather R HigginsTRUSTEE/PRESIDENT$340,000
    Pamela FrancoOPERATIONS MANAGER$141,000
    James E HigginsTRUSTEE/TREASURER$135,000

    Grant Activity

    All-time grants given statistics from Candid dataset:

    • Total Grant Value: $14,580,172
    • Number of Grants: 988
    • Number of Recipients: 450

    Selection of highest value grants given from the last seven years:

    AmountYearFunderSubject
    $300,0002022 Independent Women's ForumGeneral GOS multi-year
    $300,0002020 Independent Women's ForumPayment# 2 of 2
    $250,0002023 MANHATTAN INSTITUTE FOR POLICY RESEARCH, INC.General Support
    $200,0002021 Independent Women's ForumPresidential
    $162,0002024 CHAPEL & YORK US FOUNDATION, INC.General Support
    $100,0002020 The Foundation for Constitutional Government IncProgram on Constitution Government
    $100,0002024 National Center for Public Policy ResearchGeneral Support
    $100,0002023 Hoover Institution on War, Revolution and PeaceGeneral Support
    $100,0002022 Hoover Institution on War, Revolution and PeaceGeneral – Diretor Approved
    $100,0002022 Independent Women's ForumGeneral – Board Approved – Anti-Bigotry Alliance projects
    $100,0002020 LET GROW INCMulti-Year; Payment #2 of 2 Due in May 2020. Payment #1 in 2019 was processed in October.
    $75,0002022 Public Interest Legal FoundationGeneral – Board Approved
    $75,0002022 Vmts Education IncGeneral multi-year – Kite and Key Media project
    $50,0002024 Independent Women's ForumGeneral Support
    $50,0002023 Reformers AcademyGeneral Support
    $50,0002022 Project on Fair Representation IncGeneral multi-year (Edward Blum)
    $50,0002021 Capital Research CenterRegular Grant – Board Approved 1st installment of a 2-year pledge
    $50,0002021 Capital Research CenterRegular Grant – Board Approved 1st installment of a 2-year pledge
    $50,0002021 Ethics and Public Policy Center IncPresidential
    $50,0002021 Hoover Institution on War, Revolution and PeaceNiall Ferguson; Payment #3 of 3
    $50,0002020 Hoover Institution on War, Revolution and PeaceNiall Ferguson; Payment #2 of 3
    $50,0002020 MOVING PICTURE INSTITUTEWhat Killed Michael Brown – Shelby Steel
    $40,0002024 Claremont Institute for the Study of Statesmanship and Political PhilosophyGeneral Support
    $40,0002023 Claremont Institute for the Study of Statesmanship and Political PhilosophyGeneral Support
    $30,0002022 Claremont Institute for the Study of Statesmanship and Political PhilosophyGeneral – Board Approved

    References

    1. Paul A. Gigot, “Stop, Thief:  Clinton Bids for Newt’s Vision,” Wall Street Journal, January 27, 1995.
    2. Heather R. Higgins, “Randy Richardson, committed To A free Society,” National Review Online, June  3, 2015, https://www.nationalreview.com/2015/06/randy-richardson-dead-headed-smith-richardson-foundation/ (accessed March 9, 2022).
    3.  “Heather R. Higgins,” Independent Women’s Forum, https://www.iwf.org/people/heather-r-higgins/ (accessed March 9, 2022).
    4. Heather R. Higgins, “The Promise of President Trump,” Wall Street Journal, January 20, 2017
    5. “Independent Women’s Voice Issues Statement on State of the Union,” press release from Independent Women’s Voice, February 3, 2018.
    6. Heather R. Higgins, “Conservatives Should Learn from The Left,” Real Clear Politics, January 16, 2021, https://www.realclearpolitics.com/articles/2021/01/16/conservatives_should_learn_from_the_left_145051.html  (accessed March 11, 2022)
    7. “Thanks To President Biden, The State of The Union Is Weak,” press release from Independent Women’s Voice, March 3, 2922,
    8. Howard Kurtz, “College Faculties A Most Liberal Lot, Study Finds,” Washington Post, March 29, 2005.
    9. 2018 Randolph Foundation Form 990