Rich Foundation Inc

STAMFORD, CT EIN: 22-2544173 Website

Rich Foundation Inc is a private foundation based in Stamford, Connecticut, designated as a 501(c)(3) organization. The foundation has been tax-exempt since October 1984. It operates as a private foundation under section 509(A) of the Internal Revenue Code and is designed primarily for the benefit of residents and charitable organizations in lower Fairfield County.

Financial Overview

From 2025 IRS Form 990-PF · View filing

Total Assets

$783K

-11.4% YoY

Annual Giving

$129K

+22.2% YoY

Grant Count

+15.6% YoY

Avg Grant Size

$3K

+5.7% YoY

Under IRS private-foundation payout rules, Rich Foundation Inc reported a distributable amount of $2K for 2025 — the minimum it must pay out in qualifying distributions.

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

Mission & Focus Areas

The Rich Foundation supports charitable organizations involved in the arts, education, healthcare, and social services. The foundation's grantmaking focuses on Education, Philanthropy, Voluntarism & Grantmaking, and Human Services.

Grantmaking

The foundation has made over $7,500,000 in grants since its inception to Stamford, Connecticut area non-profit organizations.

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Geographic Focus

Where this funder awards grants

The foundation primarily funds organizations in lower Fairfield County, Connecticut, with recent grants also extending to Palm Beach County, Florida. Grant-making focuses on Connecticut, New York, and Massachusetts.

Grant Distribution by State

Connecticut $392K (77%)

Florida $59K (11%)

New York $26K (5%)

Massachusetts $24K (5%)

District of Columbia $6K (1%)

Texas $1K (0%)

North Carolina $1K (0%)

Pennsylvania $500 (0%)

States

Connecticut District of Columbia Florida Massachusetts North Carolina New York Pennsylvania Texas

Cities

BedfordBooneBostonBridgeportBrooklineCos CobDanburyDarienFaiefieldHarrisburgHoustonNantucketNew HavenNew YorkNorwalkPalm BaechPurchaseStamfordStaten IslandWashington

Financial History

Multi-year comparison from IRS filings

Most Recent Financial Data (2025):

Total Assets: $783,349
Total Revenues: $72,006
Total Expenses: $172,429
Total Giving: $128,878

Historical Data (2023):

Total Assets: $998,000
Total Liabilities: $2,500
Revenue: $232,074
Expenses: $124,000

Staffing: The foundation operates with 0 employees.

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2025	2024	2023
Total Assets	$783,349	$883,772	$998,113
Revenue	$72,006	$32,534	$232,074
Expenses	$172,429	$146,875	$124,021
Qualifying Distributions	$128,878	$105,450	$82,092
Net Investment Income	$72,006	$31,159	$22,029
Distributable Amount	$1,875	$2,443	$2,570

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

149 grants across all recorded years

Open Grants

1 open opportunity from Rich Foundation Inc

Foundation

F. D. Rich Foundation Grants

RICH FOUNDATION INC

Amount

Varies

Deadline

Rolling / Open

Giving History

Grant recipients and amounts by year

Among its reported 2025 grants, the largest include Boys & Girls Club of Palm Beach County ($20,000), Palm Beach Police & Fire Foundation ($20,000), Nantucket Cottage Hospital ($11,190).

Recipient	Purpose	Amount
AMERICAN CANCER SOCIETY - NORTHEAST REGION NORWALK, CT	GRANT TO PROVIDE FINANCIAL ASSISTANCE TO THEIR CHARITY	$7,500
ARI OF CT INC STAMFORD, CT	GRANT TO PROVIDE FINANCIAL ASSISTANCE TO THEIR CHARITY	$1,000
AVON THEATRE FILM CENTER INC STAMFORD, CT	GRANT TO PROVIDE FINANCIAL ASSISTANCE TO THEIR CHARITY	$4,000
BOYS & GIRLS CLUB OF PALM BEACH COUNTY WEST PALM BEACH, FL	GRANT TO PROVIDE FINANCIAL ASSISTANCE TO THEIR CHARITY	$20,000
BOYS & GIRLS CLUB OF STAMFORD-THE MARY C RICH CLUBHOUSE STAMFORD, CT	GRANT TO PROVIDE FINANCIAL ASSISTANCE TO THEIR CHARITY	$5,500
CONGREGATION AGUDATH SHALOM STAMFORD, CT	GRANT TO PROVIDE FINANCIAL ASSISTANCE TO THEIR CHARITY	$2,500
CT BALLET STAMFORD, CT	GRANT TO PROVIDE FINANCIAL ASSISTANCE TO THEIR CHARITY	$1,500
DANA FARBER CANCER INSTITUTE BROOKLINE, MA	GRANT TO PROVIDE FINANCIAL ASSISTANCE TO THEIR CHARITY	$1,000
DISTRICT 8 BUILDING OFFICIALS NORWALK, CT	GRANT TO PROVIDE FINANCIAL ASSISTANCE TO THEIR CHARITY	$300
FAIRFIELD MEMORIAL PARK STAMFORD, CT	GRANT TO PROVIDE FINANCIAL ASSISTANCE TO THEIR CHARITY	$1,525

Leadership & Key People

Leadership team and compensation from IRS filings

Contact for inquiries: cfraccola@fdrich.com

Compensation Overview

From 2025 IRS filing

From 2025 filing

Name	Title	Hours	Compensation
THOMAS L RICH	PRESIDENT	0.5	—
FRANK D RICH III	VICE PRESIDENT	0.5	—
COLLEEN FRACCOLA	TREASURER/SECRETARY	0.5	—

Frequently Asked Questions

What does Rich Foundation Inc fund?

How do I apply for a grant from Rich Foundation Inc?

The foundation has made over $7,500,000 in grants since its inception to Stamford, Connecticut area non-profit organizations. **Recent Grant Activity:** • Made 32 grants in the most recent fiscal year • Typical grant awards range from $199 to $20,000 • Recent grantees include: • The Palm Beach Police and Fire Foundation ($20,000) • Boys and Girls Clubs of Palm Beach County ($20,000) • State Street Debating Society ($10,300) • Mill River Collaborative **Past Grant Recipients:** The foundation ha…

Where does Rich Foundation Inc make grants?

What size grants does Rich Foundation Inc award?

In 2025, Rich Foundation Inc awarded 37 grants totaling $129K — an average of about $3K per grant, based on its IRS Form 990 filings.

How much is Rich Foundation Inc required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2025, Rich Foundation Inc reported a distributable amount of $2K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.