George E Richmond Foundation
George E Richmond Foundation is a private foundation, based in Chicago, IL. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $46.1M in total assets. In 2024, it awarded 4 grants totaling $1.3M. Net investment income was $2.3M.
George E Richmond Foundation at a glance
In short: George E Richmond Foundation gave $1.3M across 4 grants in 2024 (avg $319K), mostly in Illinois. Source: 2024 IRS Form 990-PF.
- Annual giving (2024)
- $1,275,000
- -26.9% vs 2023
- Grants made (2024)
- 4
- -55.6% vs 2023
- Average grant
- $318,750
- +64.5% vs 2023
- Median grant
- $32,500
- Total assets
- $46,080,047
- +7.3% vs 2023
- Primary geography
- Illinois (98% of itemized 2024 grant dollars)
- Latest 990 filing
- Form 990-PF, 2024 View filing
Data from IRS Form 990-PF, 2024; updated September 2026.
Who George E Richmond Foundation funds
How this funder distributes its grants
Top Recipients
Top 3 recipients in 2024
The largest 2024 recipient was University of Chicago Medicine ($1.2M across 2 grants). Together the top 3 received $1.3M.
Grant Size Distribution
34 grants across all recorded years
The most common grant size was under $50K: 14 grants of 34 (41%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2024 grant dollars across all 4 itemized grants.
Cities
How George E Richmond Foundation gives
- Giving held roughly steady from 2021 to 2024 (−15%). Method
- In 2024 it paid out 89% of its IRS minimum distribution (the 5% rule). Foundations have until the end of the next year to meet it. Method
From the foundation's IRS Form 990-PF filings. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2024, annual grant giving ranged from $1.3M (2024) to $1.7M (2023). In 2024 it made 4 grants totaling $1.3M.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| University of Chicago Medicine Chicago, IL | Study the effects of oral health on systemic health | $1,200,000 |
| University of Chicago Chicago, IL | Cancer Pavilion | $40,000 |
| Santa Fe Group Newtown, PA | Strategic Advisory Council | $25,000 |
| University of Chicago Medicine Chicago, IL | Forefront | $10,000 |
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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 | $46,080,047 | $2,833,355 | $2,595,101 | $1,275,000 | 4 | $1,929,292 | $2,252,349 | $2,179,614 |
| 2023 | $42,930,715 | $2,211,183 | $2,758,425 | $1,744,000 | 9 | $2,410,847 | $1,629,161 | $2,053,811 |
| 2022 | $40,811,753 | $1,152,621 | $2,611,842 | $1,700,000 | 6 | $2,337,063 | $525,277 | $2,164,903 |
| 2021 | $48,791,042 | $3,086,238 | $3,212,562 | $1,494,559 | 7 | $1,932,703 | $2,379,154 | $2,204,056 |
| 2020 | $42,633,462 | $1,008,687 | $2,343,688 | $1,442,474 | 8 | — | $554,429 | $1,903,714 |
Under IRS private-foundation payout rules, George E Richmond Foundation reported a distributable amount of $2.2M for 2024 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
George E Richmond Foundation is led by Alfred E Brennan Jr., Co-President & Secretary on every filing since 2020; 2 of 5 officers listed in 2024 are compensated.
Officers on the 2024 filing
Alfred E Brennan Jr.
Co-President & Secretary
On filings since 2020
$194K (2020) → $250K (2024)
Arthur L Herbst Jr.
Co-President & Treasurer
On filings since 2020
$194K (2020) → $250K (2024)
Brian Bermer
Director
On filings since 2020
No compensation reported
Jamie H Swartout
Director
On filings since 2020
No compensation reported
Richard Richmond
Director
On filings since 2020
No compensation reported
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.
Compensation Overview
From 2024 IRS filing
The highest reported compensation on the 2024 filing was $250K, to Arthur L Herbst Jr (Co-President/Treasurer). 2 officers or directors reported compensation on that filing.
Frequently asked questions about George E Richmond Foundation
How much does George E Richmond Foundation give each year?
George E Richmond Foundation gave $1.3M across 4 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $1.7M across 9 grants.
What is George E Richmond Foundation's typical grant size?
George E Richmond Foundation's median grant in 2024 was $32,500, and its average grant was $318,750, across 4 grants on its 2024 IRS Form 990-PF.
Where does George E Richmond Foundation give grants?
George E Richmond Foundation gives mostly in Illinois: 98% of the grant dollars itemized on its 2024 IRS Form 990-PF went to recipients there. The most frequent recipient cities were Chicago, IL (3 grants).
Does George E Richmond Foundation give general operating support?
Not in 2024: none of the 4 grants with a stated purpose on George E Richmond Foundation's 2024 IRS Form 990-PF were described as general or operating support.
How large is George E Richmond Foundation?
George E Richmond Foundation reported $46.1M in total assets on its 2024 IRS Form 990-PF. It paid out $1.9M in qualifying distributions that year, against a required minimum of $2.2M (roughly 5% of its investment assets). Falling short in one year is not a violation: foundations have until the end of the next year to meet the minimum.
What is George E Richmond Foundation's EIN?
George E Richmond Foundation's EIN (Employer Identification Number) is 20-4234710. IRS Form 990 filing data is available on this page for 2020–2024.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
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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