1002 Foundation
1002 Foundation is a private foundation based in Cincinnati, Ohio. Its 2025 filing lists 19 grants totaling $27,500 to charitable organizations.
Key facts about 1002 Foundation
In short: 1002 Foundation gave $28K across 19 grants in 2025 (avg $1K), top state Ohio. 16% of 2025 grantees were new. Source: 2025 IRS Form 990-PF.
- EIN
- 31-1518488
- Latest 990 filing
- Form 990-PF, 2025
- Annual giving (2025)
- $27,500
- Grants made (2025)
- 19
- Average grant
- $1,447
- Median grant
- $1,000
- New grantees (estimate)
- 16% first-time grantees (3 of 19, 2025; small sample)
- Total assets
- $291,157
- Primary geography
- Ohio (40% of itemized 2025 grant dollars)
- Accepts unsolicited proposals
- No
- How to apply
- The foundation does not accept unsolicited requests for funds and states that it makes contributions only to preselected charitable organizations. Full details ↓
Data from IRS Form 990-PF, 2025; updated October 2026. New grantees are estimated by matching recipient names across years (methodology). Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.
Financial Overview
From 2025 IRS Form 990-PF · View filing
Total Assets
$291K
-2.4% YoY
Annual Giving
$28K
-27.3% YoY
Grant Count
19
-38.7% YoY
Avg Grant Size
$1K
+18.5% YoY
Under IRS private-foundation payout rules, 1002 Foundation reported a distributable amount of $19K for 2025 — the minimum it must pay out in qualifying distributions.
Is 1002 Foundation open to new grantees?
16%
first-time grantees, 2025
In 2025, 3 of 19 grantees (16%) were first-time recipients. With only 19 grantees, that is a small sample: one grantee more or less moves the share by about 5 points. First grants averaged $1K; repeat grants $2K. How we count
Medians: $1K first-time, $1K repeat.
- 84% of 2025 grantees were also funded in 2024. Method
- Giving held roughly steady from 2022 to 2025 (+9%). Method
- In 2025 it paid out 153% of its IRS minimum distribution (the 5% rule). Method
Estimate from itemized grant lists in IRS Form 990-PF filings (2019–2025). Recipient names are matched across years, so a renamed or misspelled grantee can look new; grants to individuals are left out. Methodology.
Mission & Focus Areas
No mission statement is provided. Its 2025 grants include support for religious institutions, arts organizations, journalism and legal organizations, education-related organizations, and groups working in areas such as criminal justice, health, and service to Coast Guard members.
The grantees describe their own work in varied terms. The Taft Museum of Art says it connects people with great art in a historic setting and in the community. The Cincinnati Shakespeare Company describes itself as a resident ensemble theatre bringing Shakespeare and the classics to audiences of all ages. The Sentencing Project describes its mission as research and education on criminal justice policy and advocacy for criminal justice reform. The Coast Guard Foundation says it supports Coast Guard members through education, morale, wellness, and recognition programs, among other work.
Grantmaking
In 2025, the foundation awarded 19 grants totaling $27,500. Grants ranged from $500 to $5,000, with a median of $1,000. The largest listed awards were $5,000 each to St. Xavier Church in Cincinnati, Ohio, and V M I Foundation Inc. in Lexington, Virginia. Other listed recipients include Bellarmine Chapel ($2,000) and the Taft Museum of Art ($1,000), both in Cincinnati, and Manhattanville College ($1,000) in Purchase, New York. The listed grants were for general support.
How to Apply
The foundation does not accept unsolicited requests for funds and states that it makes contributions only to preselected charitable organizations.
Ready to take the next step with 1002 Foundation?
Geographic Focus
Where this funder awards grants
In 2025, Ohio received 40% of grant dollars, Virginia 18%, New York 15%, Washington, DC 7%, and Connecticut 4%.
Grant Distribution by State
Share of 2025 grant dollars across all 19 itemized grants.
States
Cities
Giving Over Time
Total grant dollars and number of grants per year
From 2019 to 2025, annual grant giving ranged from $23K (2021) to $38K (2024). In 2025 it made 19 grants totaling $28K.
Grant Insights
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2025
The largest 2025 recipient was St Xavier Church ($5K). Together the top 10 received $19K.
Grant Size Distribution
127 grants across all recorded years
The most common grant size was under $50K: 127 grants of 127 (100%).
Giving History
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| St Xavier Church Cincinnati, OH | General Support | $5,000 |
| V M I Foundation Inc Lexington, VA | General Support | $5,000 |
| Bellarmine Chapel Cincinnati, OH | General Support | $2,000 |
| Coast Guard Foundation Inc Stonington, CT | General Support | $1,000 |
| Manhattanville College Purchase, NY | General Support | $1,000 |
| Smile Train Inc Washington, DC | General Support | $1,000 |
| The Brennan Center New York, NY | General Support | $1,000 |
| Propublica New York, NY | General Support | $1,000 |
| Taft Museum of Art Cincinnati, OH | General Support | $1,000 |
| The Volunteer Lawyers for Cincinnati, OH | General Support | $1,000 |
Financial History
Multi-year comparison from IRS filings
| Filing year | Assets | Revenue | Expenses | Grants |
|---|---|---|---|---|
| 2025 | $291,157 | $23,079 | $30,194 | $27,500 |
| 2024 | $298,275 | $26,269 | $39,677 | $37,850 |
| 2023 | $311,684 | $13,946 | $28,596 | $26,930 |
| Metric | 2025 | 2024 | 2023 |
|---|---|---|---|
| Total Assets | $291,157 | $298,275 | $311,684 |
| Revenue | $23,079 | $26,269 | $13,946 |
| Expenses | $30,194 | $39,677 | $28,596 |
| Qualifying Distributions | $28,600 | $38,700 | $27,775 |
| Net Investment Income | $21,705 | $25,451 | $13,105 |
| Distributable Amount | $18,692 | $19,380 | $18,775 |
Data update history
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2019 (received by the IRS April 28, 2020)
- Added Form 990-PF for fiscal year 2025 (received by the IRS May 13, 2026)
- IRS filings on file for fiscal years 2019–2024
Leadership & Key People
Leadership team and compensation from IRS filings
The 2025 filing lists Gates T Richards as trustee/president; Margaret K Richards as trustee/treasurer/secretary; and Gates T Richards Jr, L Brady Richards, and Margaret Mary Mauze as trustees.
1002 Foundation is led by Gates T. Richards, Trustee & President on every filing since 2019; none of the 5 officers listed in 2025 report compensation.
Officers on the 2025 filing
Gates T. Richards
Trustee & President
On filings since 2019
1 hr/week
No compensation reported
Gates T. Richards Jr.
Trustee
On filings since 2019
1 hr/week
No compensation reported
L. Brady Richards
Trustee
On filings since 2019
1 hr/week
No compensation reported
Margaret K. Richards
Trustee, Treasurer & Secretary
On filings since 2019
1 hr/week
No compensation reported
Margaret Mary Mauze
Trustee
On filings since 2019
1 hr/week
No compensation reported
Data from IRS Form 990 filings, 2019–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Contact
Mailing address: 1201 Edgecliff Place 1122, Cincinnati, OH 45206-2849
Phone: (513) 661-3100
Frequently asked questions about 1002 Foundation
How much does 1002 Foundation give each year?
1002 Foundation gave $28K across 19 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $38K across 31 grants.
What is 1002 Foundation's typical grant size?
1002 Foundation's median grant in 2025 was $1,000, and its average grant was $1,447, across 19 grants on its 2025 IRS Form 990-PF. Organizations receiving their first grant from 1002 Foundation that year got $1K on average.
Where does 1002 Foundation give grants?
1002 Foundation's top state is Ohio, with 40% of the grant dollars itemized on its 2025 IRS Form 990-PF. The next largest states were Virginia (18%) and New York (15%). The most frequent recipient cities were Cincinnati, OH (6 grants), New York, NY (3 grants) and Washington, DC (2 grants).
Does 1002 Foundation give general operating support?
Yes: 95% of 1002 Foundation's 2025 grants with a stated purpose (18 of 19) were for general or operating support, per its 2025 IRS Form 990-PF.
Who are 1002 Foundation's largest grantees?
1002 Foundation's largest 2025 grantees include St Xavier Church ($5,000), V M I Foundation Inc ($5,000) and Bellarmine Chapel ($2,000), according to its 2025 IRS Form 990-PF. Together they received 44% of its itemized 2025 grant dollars.
How large is 1002 Foundation?
1002 Foundation reported $291K in total assets on its 2025 IRS Form 990-PF. It paid out $29K in qualifying distributions that year, against a required minimum of $19K (roughly 5% of its investment assets).
What does 1002 Foundation fund?
No mission statement is provided. Its 2025 grants include support for religious institutions, arts organizations, journalism and legal organizations, education-related organizations, and groups working in areas such as criminal justice, health, and service to Coast Guard members. See mission & focus areas ↑
How do I apply for a grant from 1002 Foundation?
The foundation does not accept unsolicited requests for funds and states that it makes contributions only to preselected charitable organizations. Eligibility and process details are in the grantmaking section of this profile. See how to apply ↑
What is 1002 Foundation's EIN?
1002 Foundation's EIN (Employer Identification Number) is 31-1518488. IRS Form 990 filing data is available on this page for 2019–2025.
Does 1002 Foundation accept unsolicited proposals?
No, according to Grantable's research on the foundation's published guidelines. See how to apply ↑
Data last updated October 2026. Sourced from IRS Form 990-PF filings. Research dossier generated September 2026.
Here's the math on researching 1002 Foundation by hand.
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