Former Charitable Foundation President Sentenced to Prison For Theft of Charitable Funds

Concord, NH -- Attorney General John M. Formella announces that Richard Proulx, Jr., the former President of the Proulx Family Foundation, a charitable foundation based in Strafford, New Hampshire, was sentenced today in Strafford Superior Court for one count of Theft by Unauthorized Taking or Transfer.

In October 2025, Proulx was charged with a class A felony count of Theft by Unauthorized Taking or Transfer, for stealing money from the Proulx Family Foundation, Inc., a charitable foundation established to provide financial assistance to individuals with disabilities and families of individuals with disabilities. In total, Proulx, who had taken over as President of the Foundation following his mother's death, stole $350,050 over a two and a half year time period.

Proulx pleaded guilty to this charge on October 29, 2025. He was sentenced to two to four years in State Prison stand committed with six months of that sentence suspended. As part of his sentence, Proulx was ordered to pay restitution of $350,050 to the Foundation. The Charitable Trusts Unit of the New Hampshire Attorney General's Office has filed a Petition to Appoint a Corporate Agent to accept the restitution funds and, in a manner consistent with the Foundation's charitable purpose, the Corporate Agent will recommend to the probate court appropriate charitable organizations to which the funds should be distributed.

This matter was investigated by Investigator Allison Vachon of the New Hampshire Attorney General's Office. The case is being prosecuted by Assistant Attorney General Alex Kellermann and Assistant Attorney General Charles Bucca.