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.
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
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
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Geographic Focus
Where this funder awards grants
The foundation primarily funds organizations in:
- New York
- Florida
- Ohio
Grant Distribution by State
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 |
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
250 grants across all recorded years
Giving History
Grant recipients and amounts by year
No grants recorded for .
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
From 2025 IRS filing
From 2025 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
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Data last updated April 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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