Dreamcatcher Foundation Inc
Dreamcatcher Foundation Inc is a private foundation based in Islamorada, Florida. Established in 2004, the foundation was founded by the late Robert E. Rich Sr. and the Rich family. Robert E. Rich Sr. invented the first non-dairy whipped topping and founded Rich Products Corp., a multi-billion dollar international food products company. Upon his death in 2006, his son Robert E. Rich Jr. inherited the company and became involved in the foundation's leadership.
Key facts about Dreamcatcher Foundation Inc
- EIN
- 20-0814986
- Latest 990 filing
- Form 990-PF, 2025
- Annual giving (2025)
- $175,084
- Grants made (2025)
- 71
- Average grant
- $2,466
- Median grant
- $1,200
- New grantees (estimate)
- 49% first-time grantees (32 of 65, 2025)
- Total assets
- $2,872,396
- Primary geography
- New York (47% of itemized 2025 grant dollars)
Data from IRS Form 990-PF, 2025; updated September 2026. New grantees are estimated by matching recipient names across years (methodology).
Who Dreamcatcher Foundation Inc funds
By grant dollars, the top recipient states for Dreamcatcher Foundation Inc's 71 itemized 2025 grants were New York (47%), Florida (29%) and Montana (6%). The most frequent recipient cities were Buffalo, NY (13 grants), Islamorada, FL (4 grants), Hamburg, NY (4 grants) and Orchard Park, NY (4 grants). 72% of grants with a stated purpose were for general or operating support. Recurring purposes include "Corporate Sponsorship" (8 grants), "Annual Donation" (5 grants) and "Memorial Donation" (4 grants).
Is Dreamcatcher Foundation Inc open to new grantees?
49%
first-time grantees, 2025
In 2025, 32 of 65 grantees (49%) were first-time recipients. First grants averaged $1K; repeat grants $4K. How we count
Medians: $1K first-time, $2K repeat.
- 46% of 2025 grantees were also funded in 2024. Method
- Giving held roughly steady from 2022 to 2025 (+7%). Method
- In 2025 it paid out 108% of its IRS minimum distribution (the 5% rule). Method
Estimate from itemized IRS Form 990-PF grant lists (2021–2025). Recipient names are matched across years, so a renamed or misspelled grantee can look new; grants to individuals are left out. Methodology.
Next steps with Dreamcatcher Foundation Inc
- How to evaluate Dreamcatcher Foundation Inc as a funder
Our grant prospecting guide: read the 990-PF, check fit, and decide whether to apply.
- Draft an LOI to Dreamcatcher Foundation Inc with AI
AI grant writing that drafts from your organization’s own materials, in your voice.
- Track this opportunity in a free grant tracker
A free Google Sheets or Excel template for deadlines, award terms, and reports due.
Financial Overview
From 2025 IRS Form 990-PF · View filing
Total Assets
$2.9M
-0.8% YoY
Annual Giving
$175K
-10.3% YoY
Grant Count
71
-5.3% YoY
Avg Grant Size
$2K
-5.2% YoY
Under IRS private-foundation payout rules, Dreamcatcher Foundation Inc reported a distributable amount of $162K for 2025 — the minimum it must pay out in qualifying distributions.
Mission & Focus Areas
The foundation's primary funding focuses on:
- Education
- Philanthropy, Voluntarism & Grantmaking
- Human Services
- Higher Education
- Science and STEM Education
The foundation supports general donations, annual donations, memorial donations, and corporate sponsorships.
Grantmaking
The foundation makes grants through several programs:
Grant Range
$25–$21,000
Grant Types
Ready to take the next step with Dreamcatcher Foundation Inc?
Geographic Focus
Where this funder awards grants
The foundation primarily funds organizations in:
- New York
- Florida
- Ohio
Grant Distribution by State
Share of all 71 itemized 2025 grant dollars.
States
Cities
Financial History
Multi-year comparison from IRS filings
Most Recent Financial Data (2024):
- Total assets: $2,894,187
- Total giving: $195,367
- Total revenue: $156,717
- Total expenses: $202,105
- Number of employees: 0
Historical Assets:
- 2024: $2,894,187
- 2023: $2,900,000 (approximately)
- 2022: $3,000,000 (approximately)
Funding Sources: The foundation received a $100,000 general purpose grant from Benificus Foundation in 2023.
| Metric | 2025 | 2024 | 2023 |
|---|---|---|---|
| Total Assets | $2,872,396 | $2,894,187 | $2,939,575 |
| Revenue | $162,110 | $156,717 | $104,837 |
| Expenses | $183,901 | $202,105 | $187,563 |
| Qualifying Distributions | $175,253 | $195,367 | $175,436 |
| Net Investment Income | $155,462 | $149,979 | $108,081 |
| Distributable Amount | $162,034 | $156,200 | $158,499 |
Data update history
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2021–2025
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2025
Grant Size Distribution
328 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2025 grants, the largest recipients include St Lawrence University ($20,000), Culinary Institute of America ($15,720 across 3 grants), Bonefish & Tarpon Trust ($14,734).
| Recipient | Purpose | Amount |
|---|---|---|
| St Lawrence University Canton, NY | GENERAL DONATION | $20,000 |
| Bonefish & Tarpon Trust Miami, FL | CORPORATE SPONSORSHIP | $14,734 |
| Culinary Institute of America Hyde Park, NY | GENERAL DONATION | $10,000 |
| The Traveling School Bozeman, MT | GENERAL DONATION | $10,000 |
| Velasano Cleveland OH Cleveland, OH | GENERAL DONATION | $6,750 |
| Upper Keys Foundation Inc Islamorada, FL | GENERAL DONATION | $6,000 |
| Baptist Health Foundation Coral Gables FL Coral Gables, FL | GENERAL DONATION | $6,000 |
| Upper Keys Foundation Islamorada, FL | ANNUAL DONATION | $5,500 |
| Ronald McDonald House of Tampa Tampa, FL | GENERAL DONATION | $5,200 |
| District School Board of Niagara | GENERAL DONATION | $5,000 |
Leadership & Key People
Leadership team and compensation from IRS filings
- Robert E. Rich Jr. – President
- Melinda R. Rich – First Vice President
- Kimberly Rich Lupkin – VP/Assistant Secretary
- Robert E. Rich III – VP/Treasurer
- Theodore W. Rich – VP/Secretary
- Barnaby W. Rich – Vice President
Compensation Overview
No officer or director reported compensation in the available filings.
From 2025 IRS filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| Robert E Rich Jr | President | — | — |
| Melinda R Rich | First Vice President | — | — |
| Kimberly Rich Lupkin | VP/Assistant Secretary | — | — |
| Robert E Rich III | VP/Treasurer | — | — |
| Theodore W Rich | VP/Secretary | — | — |
| Barnaby W Rich | Vice President | — | — |
Contact Information
- Address: 81100 Old Highway, Islamorada, FL 33036-3715
- Phone: 716-878-8000
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What does Dreamcatcher Foundation Inc fund?
The foundation's primary funding focuses on: • Education • Philanthropy, Voluntarism & Grantmaking • Human Services • Higher Education • Science and STEM Education The foundation supports general donations, annual donations, memorial donations, and corporate sponsorships.
How do I apply for a grant from Dreamcatcher Foundation Inc?
**Grant Activity:** • Total giving: $175,084–$195,367 annually (based on most recent filings) • Number of grants: 38–58 grants per year • Grant range: $25–$21,000 • Median grant amount: $2,000–$3,000 • Giving rate: 6.4–6.7% of assets **Grant Types:** The foundation makes grants through several programs: • General Donation (averaging $2,810 across 101 recipients) • Annual Donation (averaging $3,680 across 32 recipients) • Corporate Sponsorship (averaging $1,323 across 15 recipients) • Memorial D…
Where does Dreamcatcher Foundation Inc make grants?
The foundation primarily funds organizations in: • New York • Florida • Ohio
What size grants does Dreamcatcher Foundation Inc award?
In 2025, Dreamcatcher Foundation Inc awarded 71 grants totaling $175K — an average of about $2K per grant, based on its IRS Form 990 filings.
How much is Dreamcatcher Foundation Inc required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2025, Dreamcatcher Foundation Inc reported a distributable amount of $162K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Dreamcatcher Foundation Inc's EIN?
Dreamcatcher Foundation Inc's EIN (Employer Identification Number) is 20-0814986. IRS Form 990 filing data is available on this page for 2021–2025.
Explore Open Grants
Browse active grant opportunities in Dreamcatcher Foundation Inc's focus areas in our free grants database
Similar Funders
Funders that support many of the same organizations
Community Foundation for Greater Buffalo
Buffalo, NY
Assets
$944.0M
Grants
562
Total Given
$33.4M
Ge Aerospace Foundation
Norwalk, CT
Assets
$22.5M
Grants
2,467
Total Given
$15.3M
Rich Family Foundation
Buffalo, NY
Assets
$12.7M
Grants
120
Total Given
$2.3M
Publix Super Markets Charities Inc
Lakeland, FL
Assets
$233.8M
Grants
3,269
Total Given
$52.5M
The Community Foundation for
Jacksonville, FL
Assets
$708.7M
Grants
2,470
Total Given
$78.0M
The Miami Foundation Inc
Miami, FL
Assets
$525.0M
Grants
879
Total Given
$57.2M
Early Learning Coalition of Broward
Fort Lauderdale, FL
Assets
$15.9M
Grants
636
Total Given
$152.2M
Leslie L Alexander Foundation Inc
Delray Beach, FL
Assets
$291.4M
Grants
622
Total Given
$28.4M
Community Foundation of Tampa Bay Inc
Tampa, FL
Assets
$879.2M
Grants
566
Total Given
$30.7M
The Pfizer Foundation Inc
New York, NY
Assets
$255.3M
Grants
9,306
Total Given
$23.2M
Verizon Foundation
Basking Ridge, NJ
Assets
$23.8M
Grants
5,464
Total Given
$7.0M
Jpmorgan Chase Foundation
New York, NY
Assets
$1.2B
Grants
10,334
Total Given
$202.5M
More Funders in Florida
Data last updated September 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.