RH Growth Foundation
RH Growth Foundation is a private foundation, based in Sioux Falls, SD. IRS filing data is available from 2023 through 2025. As of 2025, the organization holds $4.8M in total assets. In 2025, it awarded 4 grants totaling $1.9M. Net investment income was $193K.
RH Growth Foundation at a glance
In short: RH Growth Foundation gave $1.9M across 4 grants in 2025 (avg $471K), mostly in New York. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $1,883,333
- -46.9% vs 2024
- Grants made (2025)
- 4
- -20.0% vs 2024
- Average grant
- $470,833
- -33.7% vs 2024
- Median grant
- $374,167
- Total assets
- $4,819,823
- +213.7% vs 2024
- Primary geography
- New York (92% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990-PF, 2025 View filing
Data from IRS Form 990-PF, 2025; updated September 2026.
Who RH Growth Foundation funds
How this funder distributes its grants
Top Recipients
Top 4 recipients in 2025
The largest 2025 recipient was Paris Brain Institute America Inc ($1.1M). Together the top 4 received $1.9M.
Grant Size Distribution
9 grants across all recorded years
The most common grant size was in the $500K–1M range: 3 grants of 9 (33%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2025 grant dollars across all 4 itemized grants.
Cities
How RH Growth Foundation gives
- In 2025 it paid out 794% of its IRS minimum distribution (the 5% rule). 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 2024 to 2025, annual grant giving ranged from $1.9M (2025) to $3.5M (2024). In 2025 it made 4 grants totaling $1.9M.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Paris Brain Institute America Inc New York, NY | General Operating | $1,100,000 |
| Trinity Episcopal Schools Corporation New York, NY | General Operating | $625,000 |
| Smithsonian Institution Washington, DC | Smithsonian Astrophysical | $123,333 |
| International First Committee Assocation Manchester, NH | General Operating | $35,000 |
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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 |
|---|---|---|---|---|---|---|---|---|
| 2025 | $4,819,823 | $5,197,618 | $1,904,013 | $1,883,333 | 4 | $1,898,620 | $193,498 | $239,021 |
| 2024 | $1,536,494 | $5,102,317 | $3,560,017 | $3,548,333 | 5 | $3,555,850 | $99,650 | $96,195 |
Under IRS private-foundation payout rules, RH Growth Foundation reported a distributable amount of $239K for 2025 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
RH Growth Foundation is led by Richard Hsiao, Director, President & Treasurer on every filing since 2023; none of the 3 officers listed in 2025 report compensation.
Officers on the 2025 filing
Richard Hsiao
Director, President & Treasurer
On filings since 2023
No compensation reported
Lei Li
Director & Secretary
On filings since 2023
No compensation reported
Xiaodong Lei
Director
On filings since 2023
No compensation reported
Data from IRS Form 990 filings, 2023–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Frequently asked questions about RH Growth Foundation
How much does RH Growth Foundation give each year?
RH Growth Foundation gave $1.9M across 4 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $3.5M across 5 grants.
What is RH Growth Foundation's typical grant size?
RH Growth Foundation's median grant in 2025 was $374,167, and its average grant was $470,833, across 4 grants on its 2025 IRS Form 990-PF.
Where does RH Growth Foundation give grants?
RH Growth Foundation gives mostly in New York: 92% of the grant dollars itemized on its 2025 IRS Form 990-PF went to recipients there. The next largest state was District of Columbia (7%). The most frequent recipient cities were New York, NY (2 grants).
Does RH Growth Foundation give general operating support?
Yes: 75% of RH Growth Foundation's 2025 grants with a stated purpose (3 of 4) were for general or operating support, per its 2025 IRS Form 990-PF.
How large is RH Growth Foundation?
RH Growth Foundation reported $4.8M in total assets on its 2025 IRS Form 990-PF. It paid out $1.9M in qualifying distributions that year, against a required minimum of $239K (roughly 5% of its investment assets).
What is RH Growth Foundation's EIN?
RH Growth Foundation's EIN (Employer Identification Number) is 93-3148518. IRS Form 990 filing data is available on this page for 2023–2025.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(3)
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2024 (received by the IRS May 13, 2025)
- Added Form 990-PF for fiscal year 2025 (received by the IRS May 14, 2026)
- IRS filings on file for fiscal years 2023–2024
Live grants for the work RH Growth Foundation funds
Philanthropy, Voluntarism & Grantmaking Open opportunities, soonest deadline first.
Explore Open Grants
Browse active grant opportunities in RH Growth Foundation's focus areas in our free grants database
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