Paul K Richter Memorial Fund
The PAUL K RICHTER MEMORIAL FUND is a private foundation based in Dallas, Texas. Its recent grants support educational institutions, including colleges and universities, through awards designated for scholarships, research, fellowships, STEM, and general support.
Key facts about Paul K Richter Memorial Fund
In short: Paul K Richter Memorial Fund gave $2.9M across 11 grants in 2025 (avg $260K), top state California. 0% of 2025 grantees were new. Source: 2025 IRS Form 990-PF.
- EIN
- 36-6208740
- Latest 990 filing
- Form 990-PF, 2025
- Annual giving (2025)
- $2,856,000
- Grants made (2025)
- 11
- Average grant
- $259,636
- Median grant
- $250,000
- New grantees (estimate)
- 0% first-time grantees (0 of 11, 2025)
- Total assets
- $58,578,541
- Primary geography
- California (35% of itemized 2025 grant dollars)
- How to apply
- The filing lists a standard grant application and Debra Grand as the contact. Full details ↓
- Deadline
- September 30th.
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.
Financial Overview
From 2025 IRS Form 990-PF · View filing
Total Assets
$58.6M
+5.0% YoY
Annual Giving
$2.9M
+8.8% YoY
Grant Count
11
-8.3% YoY
Avg Grant Size
$260K
+18.7% YoY
Under IRS private-foundation payout rules, Paul K Richter Memorial Fund reported a distributable amount of $3.4M for 2025 — the minimum it must pay out in qualifying distributions.
Is Paul K Richter Memorial Fund open to new grantees?
0%
first-time grantees, 2025
In 2025, 0 of 11 grantees (0%) were first-time recipients. How we count
- 100% of 2025 grantees were also funded in 2024. Method
- Giving held roughly steady from 2022 to 2025 (−4%). Method
- In 2025 it paid out 94% of its IRS minimum distribution (the 5% rule). Foundations have until the end of the next year to meet it. 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.
Mission & Focus Areas
No mission statement for the foundation is provided. Its 2025 grants went to colleges and universities, with stated purposes including “RICHTER AWARDS,” scholarship programs, research, STEM, and fellowships.
The grantees describe their own missions in educational terms. Knox College says it provides a liberal arts education to students from diverse backgrounds. Pomona College describes educating students of exceptional promise in a diverse residential community. Occidental College says it provides a high-quality educational experience to a gifted and diverse group of students. Claremont Graduate University describes preparing individuals to be leaders for positive change through research, practice, creative works, and community engagement. Wake Forest University describes pursuing excellence in liberal arts, graduate, and professional education. George Fox University describes itself as a Christ-centered community preparing students spiritually, academically, and professionally.
Grantmaking
In 2025, the fund awarded 11 grants totaling $2,856,000. Individual grants ranged from $40,000 to $661,000, with a median of $250,000.
Review Cycle
September 30th.
Ready to take the next step with Paul K Richter Memorial Fund?
Geographic Focus
Where this funder awards grants
In 2025, California received 35% of grant dollars, Illinois 23%, Connecticut 9%, New Hampshire 9%, and North Carolina 8%. The 2025 recipient list also includes grants to organizations in Oregon, Texas, and Massachusetts.
Grant Distribution by State
Share of 2025 grant dollars across all 11 itemized grants.
Cities
Giving Over Time
Total grant dollars and number of grants per year
From 2019 to 2025, annual grant giving ranged from $2.4M (2019) to $3.0M (2022). In 2025 it made 11 grants totaling $2.9M.
Grant Insights
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2025
The largest 2025 recipient was Knox College ($661K). Together the top 10 received $2.8M.
Grant Size Distribution
58 grants across all recorded years
The most common grant size was in the $250–500K range: 31 grants of 58 (53%).
Giving History
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Knox College Galesburg, IL | Richter Awards | $661,000 |
| California Institute of Pasadena, CA | Excellence in STEM | $275,000 |
| Yale University New Haven, CT | Scholarship Program | $270,000 |
| Dartmouth College Hanover, NH | Internal Grants for | $250,000 |
| Pomona College Claremont, CA | Exploration Research | $250,000 |
| Occidental College Los Angeles, CA | Supports Richter Research | $250,000 |
| Wake Forest University Winston-Salem, NC | Richter Scholar Program | $225,000 |
| Claremont Graduate University Claremont, CA | Research and Dissertation | $225,000 |
| George Fox University Newberg, OR | Unrestricted General | $210,000 |
| Southern Methodist University Dallas, TX | Richter Fellowship | $200,000 |
Financial History
Multi-year comparison from IRS filings
| Filing year | Grants awarded | Grant count |
|---|---|---|
| 2025 | $2,856,000 | 11 |
| 2024 | $2,624,000 | 12 |
| 2023 | $2,685,000 | 11 |
| Metric | 2025 | 2024 | 2023 |
|---|---|---|---|
| Total Assets | $58,578,541 | $55,796,043 | $53,459,191 |
| Revenue | $6,373,523 | $5,713,886 | $1,674,181 |
| Expenses | $3,605,584 | $3,323,639 | $3,260,791 |
| Qualifying Distributions | $3,196,544 | $2,942,996 | $2,972,052 |
| Net Investment Income | $6,028,763 | $5,334,364 | $1,305,682 |
| Distributable Amount | $3,391,567 | $3,174,856 | $2,914,382 |
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 April 2, 2020)
- Updated Form 990-PF for fiscal year 2020 (received by the IRS April 8, 2021)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS March 22, 2022)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS April 11, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS April 16, 2024)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS March 27, 2025)
- Updated Form 990-PF for fiscal year 2025 (received by the IRS April 21, 2026)
- IRS filings on file for fiscal years 2019–2025
Leadership & Key People
Leadership team and compensation from IRS filings
The 2025 filing lists Bank of America as trustee.
Paul K Richter Memorial Fund's only listed officer is Bank Of America, Trustee on every filing since 2021 (compensated).
Officers on the 2025 filing
Bank Of America
Trustee
On filings since 2021
1 hr/week
$391K (2021) → $413K (2025)
Former officers (1)
- Former: Bank Of America N A (2019–2020) — Trustee
Data from IRS Form 990 filings, 2019–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Compensation Overview
From 2025 IRS filing
The highest reported compensation on the 2025 filing was $413K, to Bank of America (Trustee).
Contact
Application contact: Debra Grand
Mailing address: C/O Bank Of America 135 S Lasalle, Chicago, IL 60603
Phone: (312) 828-2055
Frequently asked questions about Paul K Richter Memorial Fund
How much does Paul K Richter Memorial Fund give each year?
Paul K Richter Memorial Fund gave $2.9M across 11 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $2.6M across 12 grants.
What is Paul K Richter Memorial Fund's typical grant size?
Paul K Richter Memorial Fund's median grant in 2025 was $250,000, and its average grant was $259,636, across 11 grants on its 2025 IRS Form 990-PF.
Where does Paul K Richter Memorial Fund give grants?
Paul K Richter Memorial Fund's top state is California, with 35% of the grant dollars itemized on its 2025 IRS Form 990-PF. The next largest states were Illinois (23%) and Connecticut (9%). The most frequent recipient cities were Claremont, CA (2 grants).
Does Paul K Richter Memorial Fund give general operating support?
Occasionally: 9% of Paul K Richter Memorial Fund's 2025 grants with a stated purpose (1 of 11) were for general or operating support, per its 2025 IRS Form 990-PF.
Who are Paul K Richter Memorial Fund's largest grantees?
Paul K Richter Memorial Fund's largest 2025 grantees include Knox College ($661,000), California Institute of ($275,000) and Yale University ($270,000), according to its 2025 IRS Form 990-PF. Together they received 42% of its itemized 2025 grant dollars.
How large is Paul K Richter Memorial Fund?
Paul K Richter Memorial Fund reported $58.6M in total assets on its 2025 IRS Form 990-PF. It paid out $3.2M in qualifying distributions that year, against a required minimum of $3.4M (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 does Paul K Richter Memorial Fund fund?
No mission statement for the foundation is provided. Its 2025 grants went to colleges and universities, with stated purposes including “RICHTER AWARDS,” scholarship programs, research, STEM, and fellowships. See mission & focus areas ↑
How do I apply for a grant from Paul K Richter Memorial Fund?
The filing lists a standard grant application and Debra Grand as the contact. Eligibility and process details are in the grantmaking section of this profile. See how to apply ↑
What is Paul K Richter Memorial Fund's EIN?
Paul K Richter Memorial Fund's EIN (Employer Identification Number) is 36-6208740. IRS Form 990 filing data is available on this page for 2019–2025.
Data last updated September 2026. Sourced from IRS Form 990-PF filings. Research dossier generated September 2026.
Here's the math on researching Paul K Richter Memorial Fund by hand.
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