First Bank Richmond Inc Community Foundation
First Bank Richmond, Inc. Community Foundation is a private foundation based in Richmond, Indiana, established to benefit communities where First Bank Richmond operates. It supports projects and activities intended to improve quality of life in those communities, with grants concentrated in Indiana and some support in Ohio.
First Bank Richmond Inc Community Foundation at a glance
In short: First Bank Richmond Inc Community Foundation gave $637K across 96 grants in 2024 (avg $7K), mostly in Indiana. 23% of 2024 grantees were new. Source: 2024 IRS Form 990-PF.
- Annual giving (2024)
- $637,251
- -6.9% vs 2023
- Grants made (2024)
- 96
- +5.5% vs 2023
- Average grant
- $6,638
- -11.8% vs 2023
- Median grant
- $2,250
- Total assets
- $6,047,771
- -9.7% vs 2023
- New grantees (estimate)
- 23% first-time grantees (22 of 96, 2024)
- Primary geography
- Indiana (95% of itemized 2024 grant dollars)
- Latest 990 filing
- Form 990-PF, 2024 View filing
Data from IRS Form 990-PF, 2024; updated October 2026. New grantees are estimated by matching recipient names across years (methodology).
How to apply to First Bank Richmond Inc Community Foundation
- Accepts unsolicited proposals
- No
- Contact
Mailing address: 31 N 9Th Street, Richmond, IN 47374
Phone: (765) 962-2581
Website: https://firstbankrichmond.com
Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.
Open Grants
1 open opportunity from First Bank Richmond Inc Community Foundation
Who First Bank Richmond Inc Community Foundation funds
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
The largest 2024 recipient was Wayne County Government ($100K). Together the top 10 received $389K.
Organizations only. It also paid 1 grant to individuals ($500), which are not listed by name.
Grant Size Distribution
398 grants across all recorded years
The most common grant size was under $50K: 386 grants of 398 (97%).
Geographic Focus
Where this funder awards grants
The Foundation anticipates making grants in the bank’s market areas and communities served by its branches. In 2024, 95% of grant dollars went to recipients in Indiana and 5% to recipients in Ohio.
Grant Distribution by State
Share of 2024 grant dollars across all 96 itemized grants.
Cities
Is First Bank Richmond Inc Community Foundation open to new grantees?
23%
first-time grantees, 2024
In 2024, 22 of 96 grantees (23%) were first-time recipients. First grants averaged $3K; repeat grants $8K. How we count
Medians: $1K first-time, $3K repeat.
- 64% of 2024 grantees were also funded in 2023. Method
- Giving held roughly steady from 2021 to 2024 (+11%). Method
- In 2024 it paid out 253% of its IRS minimum distribution (the 5% rule). Method
Estimate from itemized grant lists in IRS Form 990-PF filings (2020–2024). Recipient names are matched across years, so a renamed or misspelled grantee can look new; grants to individuals are left out. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2024, annual grant giving ranged from $414K (2020) to $685K (2023). In 2024 it made 96 grants totaling $637K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Wayne County Government Richmond, IN | Other Program Support | $100,000 |
| Boys and Girls Club of Wayne County Richmond, IN | 2024 Pledge and Corporate Contribution | $85,000 |
| Indiana University Foundation Inc Bloomington, IN | General Operating Support | $57,500 |
| Stanley W Hayes Research Foundation Inc Richmond, IN | Other Program Support | $28,400 |
| The Chamber Center for Excellence Inc Richmond, IN | Diamond Partner, Annual Dinner, School Is Cool | $25,000 |
| The Richmond Symphony Orchestra Richmond, IN | Signature Event, First Chair, and Other Sponsorship | $25,000 |
| Bethany Theological Seminary Richmond, IN | Other Program Support | $20,000 |
| City of Richmond Richmond, IN | Winter Farmer's Market and 2024 Events | $18,000 |
| Ivy Tech Foundation Indianapolis, IN | Keys and cocktails/ivy tech day; video wall technology pledge | $15,500 |
| Richmond Civic Theatre Inc Richmond, IN | Main Stage Sponsorship | $15,000 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Net Investment Income | Distributable Amount |
|---|---|---|---|---|---|---|---|---|
| 2024 | $6,047,771 | $343,150 | $713,114 | $637,251 | 96 | $669,629 | $324,272 | $264,601 |
| 2023 | $6,700,468 | $323,843 | $410,545 | $684,673 | 91 | $374,534 | $289,331 | $269,367 |
| 2022 | $7,131,070 | $196,435 | $1,829,080 | $597,750 | 78 | $630,493 | $165,138 | $377,291 |
| 2021 | $7,612,615 | $399,871 | $611,221 | $576,214 | 70 | $607,506 | $361,031 | $395,616 |
| 2020 | $7,860,965 | $92,321 | $1,118,260 | $413,880 | 63 | — | $59,538 | $343,574 |
Under IRS private-foundation payout rules, First Bank Richmond Inc Community Foundation reported a distributable amount of $265K for 2024 — the minimum it must pay out in qualifying distributions.
Research compiled by Grantable AI from public sources. Last updated September 2026.
Mission & Focus Areas
The Foundation says it aims to invest in the future of the bank’s market areas and in “the citizens of today and tomorrow.” Its funding priorities are economic development, education, health and human services, youth programs, the performing and visual arts, and traditional community contributions.
Its 2024 grantees illustrate the range of organizations supported. The Indiana University Foundation says it maximizes private philanthropic support for Indiana University; Richmond Civic Theatre says it creates live community theatre experiences; and Circle You Help Center says it provides hot meals to people experiencing homelessness and a food pantry to people in need. Other recipients included Ivy Tech Foundation, whose stated purpose is to administer contributions and property for the benefit of Ivy Tech Community College, and Sunrise, which says it promotes health and social development through equine-assisted therapeutic activities.
Grantmaking
In filing year 2024, the Foundation reported 96 grants totaling $637,251. Grants ranged from $200 to $100,000, with a median grant of $2,250. The largest reported grants included $100,000 to Wayne County Government for other program support; $85,000 to Boys and Girls Club of Wayne County for a pledge and corporate contribution; and $57,500 to Indiana University Foundation for general operating support.
Other notable 2024 grants included $28,400 to Stanley W. Hayes Research Foundation for other program support, $25,000 to The Chamber Center for Excellence, $25,000 to Richmond Symphony Orchestra, and $20,000 to Bethany Theological Seminary. The Foundation also awarded $18,000 to the City of Richmond, $15,500 to Ivy Tech Foundation, $15,000 to Richmond Civic Theatre, $12,500 to Richmond Art Museum, and $10,000 to Circle You Help Center.
The Foundation anticipates awarding grants early each year. Its website invites organizations to submit a grant inquiry form and says applications are open to 501(c)(3) organizations, other nonprofit-status organizations, or organizations with relevance directly related to its funding priorities. However, the Foundation’s 2024 filing states that it makes contributions only to preselected charitable organizations and does not accept unsolicited requests.
Leadership & Key People
Leadership team and compensation from IRS filings
The Foundation’s website lists Kathryn Girten, Bruce Daggy, Jeffrey Jackson, Garry Kleer, and Lindley Mann as board members. It lists Garry Kleer as chairman/president, Kathryn Girten as vice president/treasurer, Brandy Lakes as secretary, and Kimberly Poinsett as executive director.
The 2024 filing lists Garry D. Kleer as president, Thomas Holthouse as chairman of the board, Kathryn Girten as vice president and treasurer, Beth Brittenham as secretary, and Bruce Daggy and Lindley S. Mann as directors.
First Bank Richmond Inc Community Foundation is led by Garry D. Kleer, President on every filing since 2020; none of the 6 officers listed in 2024 report compensation.
Officers on the 2024 filing
Garry D. Kleer
President
On filings since 2020
1 hr/week
No compensation reported
Thomas Holthouse
Chairman of the Board
Chariman of the Board → Chairman of the Board, 2023
On filings since 2020
1 hr/week
No compensation reported
Bruce Daggy
Director
On filings since 2020
1 hr/week
No compensation reported
Lindley S. Mann
Director
On filings since 2020
1 hr/week
No compensation reported
Beth Brittenham
Secretary
On filings since 2020
1 hr/week
No compensation reported
Kathryn Girten
Vice President & Treasurer
On filings since 2023
1 hr/week
No compensation reported
Former officers (1)
- Former: Kathryn Cruz-Uribe (2020–2022) — Vice President & Treasurer
Data from IRS Form 990 filings, 2020–2024. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Frequently asked questions about First Bank Richmond Inc Community Foundation
How much does First Bank Richmond Inc Community Foundation give each year?
First Bank Richmond Inc Community Foundation gave $637K across 96 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $685K across 91 grants.
What is First Bank Richmond Inc Community Foundation's typical grant size?
First Bank Richmond Inc Community Foundation's median grant in 2024 was $2,250, and its average grant was $6,638, across 96 grants on its 2024 IRS Form 990-PF. Organizations receiving their first grant from First Bank Richmond Inc Community Foundation that year got $3K on average.
Where does First Bank Richmond Inc Community Foundation give grants?
First Bank Richmond Inc Community Foundation gives mostly in Indiana: 95% of the grant dollars itemized on its 2024 IRS Form 990-PF went to recipients there. The most frequent recipient cities were Richmond, IN (39 grants), Centerville, IN (7 grants), Shelbyville, IN (7 grants) and Piqua, OH (7 grants).
Does First Bank Richmond Inc Community Foundation give general operating support?
Occasionally: 7% of First Bank Richmond Inc Community Foundation's 2024 grants with a stated purpose (7 of 96) were for general or operating support, per its 2024 IRS Form 990-PF. Recurring purposes include "Help Program - 5 Playground Project" (5 grants) and "Other Program Support" (3 grants).
Who are First Bank Richmond Inc Community Foundation's largest grantees?
First Bank Richmond Inc Community Foundation's largest 2024 grantees include Wayne County Government ($100,000), Boys and Girls Club of Wayne County ($85,000) and Indiana University Foundation Inc ($57,500), according to its 2024 IRS Form 990-PF. It also paid 1 grant to individuals ($500), which are not listed by name. Together they received 38% of its itemized 2024 grant dollars.
How large is First Bank Richmond Inc Community Foundation?
First Bank Richmond Inc Community Foundation reported $6.0M in total assets on its 2024 IRS Form 990-PF. It paid out $670K in qualifying distributions that year, against a required minimum of $265K (roughly 5% of its investment assets).
What does First Bank Richmond Inc Community Foundation fund?
The Foundation says it aims to invest in the future of the bank’s market areas and in “the citizens of today and tomorrow.” Its funding priorities are economic development, education, health and human services, youth programs, the performing and visual arts, and traditional community contributions. See mission & focus areas ↑
How do I apply for a grant from First Bank Richmond Inc Community Foundation?
First Bank Richmond Inc Community Foundation does not accept unsolicited proposals, according to Grantable's research on its published guidelines. Check firstbankrichmond.com for any change to that policy.
What is First Bank Richmond Inc Community Foundation's EIN?
First Bank Richmond Inc Community Foundation's EIN (Employer Identification Number) is 84-2280161. IRS Form 990 filing data is available on this page for 2020–2024.
Does First Bank Richmond Inc Community 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.
Data update history
(1)
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2024
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Cite this profile
Grantable. (2026). First Bank Richmond Inc Community Foundation funder profile. GrantGraph. Retrieved October 21, 2026, from https://grantable.co/funders/first-bank-richmond-inc-community-foundation-morg_0a08812c4d614c75adb65ebafdf2905d
BibTeX
@misc{grantable_842280161_2026,
author = {{Grantable}},
title = {{First Bank Richmond Inc Community Foundation funder profile}},
howpublished = {GrantGraph},
year = {2026},
url = {https://grantable.co/funders/first-bank-richmond-inc-community-foundation-morg_0a08812c4d614c75adb65ebafdf2905d},
note = {Accessed 2026-10-21. Data licensed CC BY 4.0}
}The figures on this page are open data under CC BY 4.0: reuse them with credit to Grantable and a link. Download the data.
Figures come from First Bank Richmond Inc Community Foundation's IRS filings (methodology). AI-written summaries, news items and logos are not covered by the open licence. Spot an error? Email hello@grantable.co.
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