Richard a Barone Foundation

Foundation · Grantmaker Lyndhurst, OH EIN: 80-0306290

Richard a Barone Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in Lyndhurst, OH. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $1.9M in total assets. In 2024, it awarded 8 grants totaling $123K. Net investment income was $321K.

Key facts about Richard a Barone Foundation

EIN: 80-0306290
Latest 990 filing: Form 990-PF, 2024
Annual giving (2024): $123,400
Grants made (2024): 8
Average grant: $15,425
Median grant: $5,000
Total assets: $1,888,903
Primary geography: Ohio (100% of itemized 2024 grant dollars)

Data from IRS Form 990-PF, 2024; updated September 2026.

Who Richard a Barone Foundation funds

By grant dollars, the top recipient states for Richard a Barone Foundation's 8 itemized 2024 grants were Ohio (100%). The most frequent recipient cities were Cleveland, OH (2 grants). 13% of grants with a stated purpose were for general or operating support. Recurring purposes include "Charitable Contribution" (5 grants).

How Richard a Barone Foundation gives

Giving held roughly steady from 2021 to 2024 (−6%). Method
In 2024 it paid out 237% of its IRS minimum distribution (the 5% rule). Method

From the foundation's IRS Form 990-PF filings. Methodology.

Next steps with Richard a Barone Foundation

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Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$1.9M

+19.6% YoY

Annual Giving

$123K

+20.2% YoY

Grant Count

+14.3% YoY

Avg Grant Size

$15K

+5.1% YoY

Under IRS private-foundation payout rules, Richard a Barone Foundation reported a distributable amount of $52K for 2024 — the minimum it must pay out in qualifying distributions.

About Richard a Barone Foundation

Based on IRS filings

Focus Areas

Philanthropy, Voluntarism & Grantmaking

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

Ohio $123K (100%)

Share of all 8 itemized 2024 grant dollars.

States

Massachusetts Ohio

Cities

ClevelandSouth EuclidGates MillsBay VillageWestlakeColumbusCincinnatiLyndhurstMedinaRocky RiverSpringfield

Financial History

Multi-year comparison from IRS filings

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2024	2023	2022
Total Assets	$1,888,903	$1,578,779	$1,579,967
Revenue	$488,366	$207,366	$422,185
Expenses	$178,242	$208,554	$202,943
Qualifying Distributions	$123,400	$102,700	$146,733
Net Investment Income	$321,080	$99,034	$322,022
Distributable Amount	$52,034	$46,403	$31,926

Data update history

When this profile's IRS filing data changed on Grantable

March 3, 2026 IRS filings on file for fiscal years 2020–2024

Giving Over Time

Total grant dollars and number of grants per year

Grant Insights

How this funder distributes its grants

Top Recipients

Top 8 recipients in 2024

Grant Size Distribution

38 grants across all recorded years

Giving History

Grant recipients and amounts by year

Among its reported 2024 grants, the largest recipients include Museum of Amer Porcelain Art ($70,000), Best Buddies in Ohio ($25,000), Gilmour Academy ($15,000).

Recipient	Purpose	Amount
MUSEUM OF AMER PORCELAIN ART South Euclid, OH	CHARITABLE CONTRIBUTION	$70,000
BEST BUDDIES IN OHIO Westlake, OH	CHARITABLE CONTRIBUTION	$25,000
GILMOUR ACADEMY Gates Mills, OH	ANNUAL FUND	$15,000
ST RAPHAEL SCHOOL Bay Village, OH	SCHOLARSHIPS	$5,000
EDNA HOUSE Cleveland, OH	CHARITABLE CONTRIBUTION	$5,000
ARCH EAGLE FOUNDATION Lyndhurst, OH	CHARITABLE CONTRIBUTION	$2,000
MAGNIFICAT SCHOOL Rocky River, OH	SCHOLARSHIPS	$800
PATRON OF THE ARTS Cleveland, OH	CHARITABLE CONTRIBUTION	$600

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

No officer or director reported compensation in the available filings.

From 2024 IRS filing

Name	Title	Hours	Compensation
Richard a Barone	Chairman	1	—
Susan C Johnson	Secretary	0.5	—
Anthony Williams	Trustee	0.5	—

Subject Areas

Focus areas based on grantmaking activity

Philanthropy, Voluntarism & Grantmaking

Frequently Asked Questions

What is Richard a Barone Foundation?

Richard a Barone Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in Lyndhurst, OH. It holds $1.9M in total assets as of 2024.

How large is Richard a Barone Foundation?

As of 2024, Richard a Barone Foundation holds $1.9M in total assets with $488K in annual revenue. It awarded 8 grants totaling $123K in 2024.

Where does Richard a Barone Foundation operate?

Richard a Barone Foundation has awarded grants in Massachusetts, Ohio.

What size grants does Richard a Barone Foundation award?

In 2024, Richard a Barone Foundation awarded 8 grants totaling $123K — an average of about $15K per grant, based on its IRS Form 990 filings.

How much is Richard a Barone Foundation required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2024, Richard a Barone Foundation reported a distributable amount of $52K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.