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
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
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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
Among its reported 2025 grants, the largest include St Lawrence University ($20,000), Bonefish & Tarpon Trust ($14,734), Culinary Institute of America ($10,000).
| Recipient | Purpose | Amount |
|---|---|---|
| Bonefish & Tarpon Trust MIAMI, FL | CORPORATE SPONSORSHIP | $14,734 |
| Casey Powelll World Lacrosse Foundation Inc Palmetto, GA | GENERAL DONATION | $2,222 |
| Colt 45 Strong Allegany, NY | GENERAL DONATION | $500 |
| Culinary Institute of America Hyde Park, NY | GENERAL DONATION | $10,000 |
| District School Board of Niagara | GENERAL DONATION | $5,000 |
| Hamburg Alumni Foundation Hamburg NY Hamburg, AZ | GENERAL DONATION | $2,500 |
| Jeffrey Michael Sgroi Foundation West Seneca NY West Seneca, NY | CORPORATE SPONSORSHIP | $500 |
| Kids Escaping Drugs West Seneca, NY | CORPORATE SPONSORSHIP | $1,000 |
| Mark A Monaco Memorial Foundation Depew, NY | ANNUAL DONATION | $200 |
| Niagara University Niagara University, NY | 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
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
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.
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Data last updated June 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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