First Bank Richmond Inc Community
First Bank Richmond Inc Community Foundation is a 501(c)(3) community foundation established to benefit the communities in which First Bank Richmond operates. Located in Richmond, Indiana, the foundation was granted tax-exempt status in January 2020 (EIN: 84-2280161). The foundation represents the philanthropic commitment of First Bank Richmond, a community bank operating since 1887.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$6.0M
-9.7% YoY
Annual Giving
$637K
-6.9% YoY
Grant Count
96
+5.5% YoY
Avg Grant Size
$7K
-11.8% YoY
Mission & Focus Areas
The Foundation's mission is to benefit the communities in which First Bank Richmond operates by investing in the future of the market areas served by the bank. The overall objective is to fund projects or activities that improve the quality of life in these communities by investing in the citizens of today and tomorrow.
Primary funding focus areas include:
- Economic development
- Education
- Health & human services
- Youth programs
- Performing and visual arts
- Traditional community contributions
Grantmaking
The Foundation anticipates making grants in market areas served by the Bank and the communities served by the Bank's branches. Grant applications are open to 501(c)(3) nonprofit organizations, other non-profit status organizations, or entities with relevance directly related to the foundation's funding priorities.
Ready to take the next step with First Bank Richmond Inc Community?
Geographic Focus
Where this funder awards grants
The Foundation funds organizations in market areas served by First Bank Richmond and communities served by the Bank's branches, with a primary focus on the Richmond, Indiana area and surrounding communities.
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
As of 2023 (Form 990):
- Total Assets: $6.7 million
- Total Liabilities: $1.41 million
- Revenue: $324,000
- Expenses: $411,000
Community Giving:
- 2024: $637,000+ donated to local non-profits
- 2022: $620,000+ donated to local non-profits
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $6,047,771 | $6,700,468 | $7,131,070 |
| Revenue | $343,150 | $323,843 | $196,435 |
| Expenses | $713,114 | $410,545 | $1,829,080 |
| Qualifying Distributions | $669,629 | $374,534 | $630,493 |
| Net Investment Income | $324,272 | $289,331 | $165,138 |
| Distributable Amount | $264,601 | $269,367 | $377,291 |
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 2024
Grant Size Distribution
250 grants across all recorded years
Open Grants
1 open opportunity from First Bank Richmond Inc Community
Giving History
Grant recipients and amounts by year
No grants recorded for .
Leadership & Key People
Leadership team and compensation from IRS filings
Board Members:
- Kathryn Girten
- Bruce Daggy
- Jeffrey Jackson
- Garry Kleer
- Lindley Mann
Executive Officers:
- Garry Kleer, Chairman/President
- Kathryn Girten, Vice President/Treasurer
- Brandy Lakes, Secretary
- Kimberly Poinsett, Executive Director
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| GARRY D KLEER | PRESIDENT | 1 | — |
| THOMAS HOLTHOUSE | CHAIRMAN OF THE BOARD | 1 | — |
| KATHRYN GIRTEN | VICE PRESIDENT AND TREASURER | 1 | — |
| BETH BRITTENHAM | SECRETARY | 1 | — |
| BRUCE DAGGY | DIRECTOR | 1 | — |
| LINDLEY S MANN | DIRECTOR | 1 | — |
Recent News & Activity
Recent developments and announcements
First Bank Richmond demonstrates ongoing commitment to community investment through multiple channels:
First Bank contributes to Richmond Parks and Recreation**Staff Engagement**: 50% of staff served on a board or committee of a non-profit organization in 2024
**Volunteer Commitment**: Staff members volunteer significant service hours to local non-profits
First Bank contributes to local non-profits, 3rd quarter, 2024**Funding Channels**: Support is facilitated through in-kind donations, fundraising efforts, board and employee leadership participation, and financial contributions through grants and event sponsorships
The Foundation's commitment extends beyond financial contributions to include active participation in community organizations and initiatives that strengthen the communities First Bank Richmond serves.
FIRST BANK AWARDS $130,000 IN GRANTS TO LOCAL ORGANIZATIONSSubject Areas
Focus areas based on grantmaking activity
Related Funders
Similar funders by location and focus area
Lupke Foundation Inc Agency
FORT WAYNE, IN
Assets
$1.4M
Grants
22
Total Given
$76K
Harold Ellison Tuw for Jones Cemetery 002189
MUNCIE, IN
Assets
$442K
Grants
1
Total Given
$9K
John Carroll Club of South Bend Inc
SOUTH BEND, IN
Assets
—
Grants
1
Total Given
$220K
Buchanan-clements Foundation Inc
COLUMBUS, IN
Assets
$261K
Grants
3
Total Given
$16K
Harold Ellison Scholarship Fund 002188
MUNCIE, IN
Assets
$1.1M
Grants
1
Total Given
$62K
Alatash Foundation Inc
DYER, IN
Assets
$15K
Grants
0
Total Given
—
Data last updated April 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
What could you do with First Bank Richmond Inc Community on Grantable?
- Assess strategic fit with your organization
- Draft a tailored letter of inquiry
- Find open RFPs from this funder
- Monitor for new funding opportunities