Gould Inc Foundation Co Thomas N Rich
GOULD INC FOUNDATION is a private foundation based in Rocky River, Ohio. Its 2024 filing reports grants to charitable organizations in several states, including Ohio, Iowa, and Arizona.
Key facts about Gould Inc Foundation Co Thomas N Rich
In short: Gould Inc Foundation Co Thomas N Rich gave $276K across 37 grants in 2025 (avg $7K), mostly in Ohio. 11% of 2025 grantees were new. Source: 2025 IRS Form 990-PF.
- EIN
- 34-6525555
- Latest 990 filing
- Form 990-PF, 2025
- Annual giving (2025)
- $276,000
- Grants made (2025)
- 37
- Average grant
- $7,459
- Median grant
- $5,000
- New grantees (estimate)
- 11% first-time grantees (4 of 37, 2025)
- Total assets
- $1,596,970
- Primary geography
- Ohio (54% of itemized 2025 grant dollars)
- Accepts unsolicited proposals
- No
- How to apply
- The foundation does not accept unsolicited requests for funds and makes contributions only to preselected charitable organizations. Full details ↓
Data from IRS Form 990-PF, 2025; updated September 2026. New grantees are estimated by matching recipient names across years (methodology). Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.
Quick answers about Gould Inc Foundation Co Thomas N Rich
How much does Gould Inc Foundation Co Thomas N Rich give each year?
Gould Inc Foundation Co Thomas N Rich gave $276K across 37 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $238K across 37 grants.
What is Gould Inc Foundation Co Thomas N Rich's typical grant size?
Gould Inc Foundation Co Thomas N Rich's median grant in 2025 was $5,000, and its average grant was $7,459, across 37 grants on its 2025 IRS Form 990-PF. Organizations receiving their first grant from Gould Inc Foundation Co Thomas N Rich that year got $3K on average.
Where does Gould Inc Foundation Co Thomas N Rich give grants?
Gould Inc Foundation Co Thomas N Rich gives mostly in Ohio: 54% of the grant dollars itemized on its 2025 IRS Form 990-PF went to recipients there. The next largest states were Arizona (22%) and Iowa (18%). The most frequent recipient cities were Cleveland, OH (11 grants), Phoenix, AZ (4 grants) and Mentor, OH (3 grants).
Who are Gould Inc Foundation Co Thomas N Rich's largest grantees?
Gould Inc Foundation Co Thomas N Rich's largest 2025 grantees include American Red Cross ($50,000), Cleveland Food Bank ($25,000) and AZ Chapter of ALS Association ($20,000), according to its 2025 IRS Form 990-PF. Together they received 34% of its itemized 2025 grant dollars.
Is Gould Inc Foundation Co Thomas N Rich open to new grantees?
11%
first-time grantees, 2025
In 2025, 4 of 37 grantees (11%) were first-time recipients. First grants averaged $3K; repeat grants $8K. How we count
Medians: $4K first-time, $5K repeat.
- 89% of 2025 grantees were also funded in 2024. Method
- Giving held roughly steady from 2022 to 2025 (+6%). Method
- In 2025 it paid out 101% of its IRS minimum distribution (the 5% rule). Method
Estimate from itemized grant lists in IRS Form 990-PF filings (2019–2025). Recipient names are matched across years, so a renamed or misspelled grantee can look new; grants to individuals are left out. Methodology.
Next steps with Gould Inc Foundation Co Thomas N Rich
- How to evaluate Gould Inc Foundation Co Thomas N Rich as a funder
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Financial Overview
From 2025 IRS Form 990-PF · View filing
Total Assets
$1.6M
+4.6% YoY
Annual Giving
$276K
+16.0% YoY
Grant Count
37
+0.0% YoY
Avg Grant Size
$7K
+16.0% YoY
Under IRS private-foundation payout rules, Gould Inc Foundation Co Thomas N Rich reported a distributable amount of $278K for 2025 — the minimum it must pay out in qualifying distributions.
Mission & Focus Areas
No mission statement for the foundation is provided. Its grants include organizations whose stated missions involve food assistance and human services. For example, West Shore Meals on Wheels says it prepares and delivers nutritious meals to people who are unable to prepare adequate meals for themselves. United Way of Lake County describes its work as helping improve quality of life and supporting local human-service needs.
Grantmaking
In 2024, the foundation reported 37 grants totaling $238,000. Grants ranged from $1,000 to $50,000, with a median of $4,000.
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Geographic Focus
Where this funder awards grants
In 2024, 53% of grant dollars went to recipients in Ohio, 21% each to recipients in Iowa and Arizona, 4% to North Carolina, and 1% to Tennessee.
Grant Distribution by State
Share of all 37 itemized 2025 grant dollars.
Cities
Financial History
Multi-year comparison from IRS filings
| Filing year | Assets | Revenue | Expenses | Grants |
|---|---|---|---|---|
| 2024 | $1,526,216 | $269,708 | $241,709 | $238,000 |
| 2023 | $1,498,217 | $214,480 | $209,133 | $201,000 |
| 2022 | $1,492,870 | $257,232 | $267,008 | $260,000 |
| Metric | 2025 | 2024 | 2023 |
|---|---|---|---|
| Total Assets | $1,596,970 | $1,526,216 | $1,498,217 |
| Revenue | $359,630 | $269,708 | $214,480 |
| Expenses | $288,876 | $241,709 | $209,133 |
| Qualifying Distributions | $279,694 | $238,428 | $202,877 |
| Net Investment Income | $354,984 | $268,778 | $212,293 |
| Distributable Amount | $278,292 | $251,736 | $206,082 |
Data update history
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2019 (received by the IRS June 18, 2020)
- Added Form 990-PF for fiscal year 2025 (received by the IRS May 5, 2026)
- IRS filings on file for fiscal years 2019–2024
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
193 grants across all recorded years
Giving History
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| AMERICAN RED CROSS Boone, IA | TO SUPPORT EXEMPT PURPOSE | $50,000 |
| CLEVELAND FOOD BANK Cleveland, OH | TO SUPPORT EXEMPT PURPOSE | $25,000 |
| AZ CHAPTER OF ALS ASSOCIATION Phoenix, AZ | TO SUPPORT EXEMPT PURPOSE | $20,000 |
| UNITED WAY OF LAKE COUNTY Mentor, OH | TO SUPPORT EXEMPT PURPOSE | $18,000 |
| TOSSIN' AWAY ALS Mesa, AZ | TO SUPPORT EXEMPT PURPOSE | $15,000 |
| UNITED WAY OF MORGAN COUNTY Zanesville, OH | TO SUPPORT EXEMPT PURPOSE | $15,000 |
| CITY MISSION Cleveland, OH | TO SUPPORT EXEMPT PURPOSE | $12,000 |
| WESTSHORE MEALS ON WHEELS Rocky River, OH | TO SUPPORT EXEMPT PURPOSE | $12,000 |
| GENERATION CHURCH FOOD PANTRY Goldsboro, NC | TO SUPPORT EXEMPT PURPOSE | $10,000 |
| SALVATION ARMY Cleveland, OH | TO SUPPORT EXEMPT PURPOSE | $10,000 |
Leadership & Key People
Leadership team and compensation from IRS filings
The 2024 filing lists Thomas N Rich as president and treasurer and Ann Rich as interim secretary.
Gould Inc Foundation Co Thomas N Rich is led by Thomas N. Rich, President & Treasurer on every filing since 2019; none of the 2 officers listed in 2024 report compensation.
Officers on the 2024 filing
Thomas N. Rich
President & Treasurer
On filings since 2019
1 hr/week
No compensation reported
Ann Rich
Interim Secretary
Secretary → Interim Secretary, 2023
On filings since 2022
1 hr/week
No compensation reported
Former officers (1)
- Former: Sharon Roach (2019–2021) — Secretary
Data from IRS Form 990 filings, 2019–2024. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Contact
Mailing address: PO Box 16604, Rocky River, OH 44116
Phone: (440) 333-3160
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What does Gould Inc Foundation Co Thomas N Rich fund?
No mission statement for the foundation is provided. Its grants include organizations whose stated missions involve food assistance and human services. For example, West Shore Meals on Wheels says it prepares and delivers nutritious meals to people who are unable to prepare adequate meals for themselves. United Way of Lake County describes its work as helping improve quality of life and supporting local human-service needs.
How do I apply for a grant from Gould Inc Foundation Co Thomas N Rich?
The foundation does not accept unsolicited requests for funds and makes contributions only to preselected charitable organizations. Eligibility and process details are in the grantmaking section of this profile. See how to apply ↑
How much is Gould Inc Foundation Co Thomas N Rich required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2025, Gould Inc Foundation Co Thomas N Rich reported a distributable amount of $278K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Gould Inc Foundation Co Thomas N Rich's EIN?
Gould Inc Foundation Co Thomas N Rich's EIN (Employer Identification Number) is 34-6525555. IRS Form 990 filing data is available on this page for 2019–2025.
Does Gould Inc Foundation Co Thomas N Rich accept unsolicited proposals?
No, according to Grantable's research on the foundation's published guidelines. See how to apply ↑
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Data last updated September 2026. Sourced from IRS Form 990-PF filings. Research dossier generated September 2026.