Imb Foundation DBA

Private foundation · Grantmaker Bethesda, MD EIN: 92-1218716

IMB FOUNDATION DBA is a private foundation based in Bethesda, Maryland. In its 2024 filing, it reported 15 grants totaling $378,025, all described as operational support.

Key facts about Imb Foundation DBA

In short: Imb Foundation DBA gave $378K across 15 grants in 2024 (avg $25K), mostly in Maryland. Source: 2024 IRS Form 990-PF.

EIN
92-1218716
Latest 990 filing
Form 990-PF, 2024
Annual giving (2024)
$378,025
Grants made (2024)
15
Average grant
$25,202
Median grant
$10,000
Total assets
$2,119,733
Primary geography
Maryland (53% of itemized 2024 grant dollars)
Accepts unsolicited proposals
No
How to apply
The foundation states that it does not accept unsolicited requests for funds and makes contributions only to preselected charitable organizations. Full details ↓

Data from IRS Form 990-PF, 2024; updated September 2026. Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$2.1M

+508.2% YoY

Annual Giving

$378K

+156.2% YoY

Grant Count

15

+25.0% YoY

Avg Grant Size

$25K

+105.0% YoY

Under IRS private-foundation payout rules, Imb Foundation DBA reported a distributable amount of $106K for 2024 — the minimum it must pay out in qualifying distributions.

How Imb Foundation DBA gives

  • 40% of 2024 grantees were also funded in 2023. Method
  • In 2024 it paid out 357% of its IRS minimum distribution (the 5% rule). Method

Estimate from itemized grant lists in IRS Form 990-PF filings (2024). Recipient names are matched across years, so a renamed or misspelled grantee can look new; grants to individuals are left out. Methodology.

Research compiled by Grantable AI from public sources. Last updated September 2026.

Mission & Focus Areas

The available information does not state a separate mission for the foundation. Its 2024 grants went to organizations including Inspire Access, which describes its mission as mobilizing philanthropic capital toward for-profit ventures supporting underrepresented founders and communities that have historically lacked access to capital, and Chilmark Town Affairs Council, which describes its mission as providing recreational, athletic, cultural, and creative activities in Chilmark, Massachusetts.

Grantmaking

In 2024, the foundation made 15 grants totaling $378,025. Grant amounts ranged from $2,500 to $100,000, with a median of $10,000. The listed grants were for operational support. The largest grants included:

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Geographic Focus

Where this funder awards grants

The 2024 grant dollars were distributed among recipients in Maryland (53%), New York (18%), California (13%), Washington, DC (10%), and Oregon (3%). The listed grants also included recipients in New Jersey and Massachusetts.

Grant Distribution by State

9states

Share of 2024 grant dollars across all 15 itemized grants.

Cities

WashingtonNew YorkOaklandSummitAlpharettaAustinBaltimoreBeavertonBeverly HillsBostonChilmarkLos AngelesPotomac

Giving Over Time

Total grant dollars and number of grants per year

$0$100K$200K$300K$400K0 grants2022 12 grants2023 15 grants2024

From 2023 to 2024, annual grant giving ranged from $148K (2023) to $378K (2024). In 2024 it made 15 grants totaling $378K.

Grant Insights

How this funder distributes its grants

Top Recipients

Top 10 recipients in 2024

Inspire Access Inc: $100KInspire Access Inc$100KReginald Lewis Museum: $100KReginald Lewis Museum$100KCouncil of Urban Professionals Inst: $55KCouncil of Urban ProfessionalsInst$55KRobert Tiogo Foundation: $25KRobert Tiogo Foundation$25KJune Bug Magic Moments: $25KJune Bug Magic Moments$25KBlack Economic Alliance Founation: $25KBlack Economic AllianceFounation$25KDonors of Color: $10KDonors of Color$10KApollo Theatre Foundation: $10KApollo Theatre Foundation$10KGirls Leadership: $5KGirls Leadership$5KBoysgirls Club: $5KBoysgirls Club$5K

The largest 2024 recipient was Inspire Access Inc ($100K). Together the top 10 received $360K.

Grant Size Distribution

27 grants across all recorded years

24<$50K1$50–100K2$100–250K$250–500K$500K–1M$1–5M$5M+

The most common grant size was under $50K: 24 grants of 27 (89%).

Giving History

Grant recipients and amounts by year

RecipientPurposeAmount
Inspire Access Inc Potomac, MDOperational Support$100,000
Reginald Lewis Museum Baltimore, MDOperational Support$100,000
Council of Urban Professionals Inst New York, NYOperational Support$55,000
Robert Tiogo Foundation Oakland, CAOperational Support$25,000
June Bug Magic Moments Beverly Hills, CAOperational Support$25,000
Black Economic Alliance Founation Washington, DCOperational Support$25,000
Donors of Color Beaverton, OROperational Support$10,325
Apollo Theatre Foundation New York, NYOperational Support$10,000
Girls Leadership Summit, NJOperational Support$5,000
Boysgirls Club Washington, DCOperational Support$5,000

Financial History

Multi-year comparison from IRS filings

Filing year Assets Revenue Expenses Grants
2024 $2,119,733 $2,202,921 $420,525 $378,025 (15 grants)
2023 $348,513 — $155,487 $147,542 (12 grants)
2022 $500,000 $500,000 — 0 grants
Revenue
Expenses
Qualifying Distributions
Net Investment Income
$0$1M$2M$3M2022 2023 2024
Metric202420232022
Total Assets$2,119,733$348,513$500,000
Revenue$2,202,921—$500,000
Expenses$420,525$155,487—
Qualifying Distributions$378,025$147,542—
Net Investment Income$2,921——
Distributable Amount$105,963——

Data update history

When this profile's IRS filing data changed on Grantable

  1. IRS filings on file for fiscal years 2022–2024

Leadership & Key People

Leadership team and compensation from IRS filings

The 2024 filing lists Tarrus Richardson as President and Kimberly Richardson as Vice Preside.

Imb Foundation DBA is led by Tarrus Richardson, President on every filing since 2022; none of the 2 officers listed in 2024 report compensation.

Officers on the 2024 filing

  • Tarrus Richardson

    President

    On filings since 2022

    5 hrs/week

    No compensation reported

  • Kimberly Richardson

    Vice President

    On filings since 2022

    2 hrs/week

    No compensation reported

Data from IRS Form 990 filings, 2022–2024. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.

Contact

Application contact: Tarrus Richardson
Mailing address: 7201 Wisconsin Ave, Ste 440, Bethesda, MD 20814
Phone: (240) 507-1660
Email: kfichtner@imbpartners.com

Frequently asked questions about Imb Foundation DBA

How much does Imb Foundation DBA give each year?

Imb Foundation DBA gave $378K across 15 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $148K across 12 grants.

What is Imb Foundation DBA's typical grant size?

Imb Foundation DBA's median grant in 2024 was $10,000, and its average grant was $25,202, across 15 grants on its 2024 IRS Form 990-PF.

Where does Imb Foundation DBA give grants?

Imb Foundation DBA gives mostly in Maryland: 53% of the grant dollars itemized on its 2024 IRS Form 990-PF went to recipients there. The next largest states were New York (18%) and California (13%). The most frequent recipient cities were Washington, DC (4 grants) and New York, NY (3 grants).

Does Imb Foundation DBA give general operating support?

Yes: 100% of Imb Foundation DBA's 2024 grants with a stated purpose (15 of 15) were for general or operating support, per its 2024 IRS Form 990-PF.

Who are Imb Foundation DBA's largest grantees?

Imb Foundation DBA's largest 2024 grantees include Inspire Access Inc ($100,000), Reginald Lewis Museum ($100,000) and Council of Urban Professionals Inst ($55,000), according to its 2024 IRS Form 990-PF. Together they received 67% of its itemized 2024 grant dollars.

How large is Imb Foundation DBA?

Imb Foundation DBA reported $2.1M in total assets on its 2024 IRS Form 990-PF. It paid out $378K in qualifying distributions that year, against a required minimum of $106K (roughly 5% of its investment assets).

What does Imb Foundation DBA fund?

The available information does not state a separate mission for the foundation. See mission & focus areas ↑

How do I apply for a grant from Imb Foundation DBA?

The foundation states that it 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 ↑

What is Imb Foundation DBA's EIN?

Imb Foundation DBA's EIN (Employer Identification Number) is 92-1218716. IRS Form 990 filing data is available on this page for 2022–2024.

Does Imb Foundation DBA accept unsolicited proposals?

No, according to Grantable's research on the foundation's published guidelines. See how to apply ↑

Data last updated September 2026. Sourced from IRS Form 990-PF filings. Research dossier generated September 2026.

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