Richard B Sneed Foundation
Richard B Sneed Foundation is a private foundation, based in Sarasota, FL. IRS filing data is available from 2020 through 2025. As of 2025, the organization holds $627K in total assets. In 2025, it awarded 5 grants totaling $269K. Net investment income was $28K.
Richard B Sneed Foundation at a glance
In short: Richard B Sneed Foundation gave $269K across 5 grants in 2025 (avg $54K), mostly in Ohio. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $268,754
- +124.0% vs 2024
- Grants made (2025)
- 5
- -73.7% vs 2024
- Average grant
- $53,751
- +751.1% vs 2024
- Median grant
- $3,283
- Total assets
- $627,203
- -0.4% vs 2024
- Primary geography
- Ohio (100% 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 Richard B Sneed Foundation funds
How this funder distributes its grants
Top Recipients
Top 3 recipients in 2025
The largest 2025 recipient was The Cleveland Orchestra ($263K across 3 grants). Together the top 3 received $269K.
Grant Size Distribution
71 grants across all recorded years
The most common grant size was under $50K: 70 grants of 71 (99%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2025 grant dollars across all 5 itemized grants.
States
Cities
How Richard B Sneed Foundation gives
- Giving grew 169% from 2022 to 2025. Method
- In 2025 it paid out 223% 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 2020 to 2025, annual grant giving ranged from $90K (2020) to $269K (2025). In 2025 it made 5 grants totaling $269K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| The Cleveland Orchestra Cleveland, OH | Charitable donation | $252,880 |
| The Cleveland Orchestra Cleveland, OH | Charitable donation | $6,591 |
| The Cleveland Orchestra Cleveland, OH | Charitable donation | $3,283 |
| The Ohio State University Columbus, OH | Scholarship | $3,000 |
| Pickaway Co Community Fndn Circleville, OH | Scholarship | $3,000 |
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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 | $627,203 | $61,791 | $303,545 | $268,754 | 5 | $268,754 | $27,900 | $120,599 |
| 2024 | $629,788 | $98,353 | $154,848 | $120,000 | 19 | $120,000 | $63,505 | $112,093 |
| 2023 | $686,281 | $87,655 | $140,315 | $106,000 | 19 | $106,000 | $54,210 | $101,770 |
| 2022 | $740,082 | $96,402 | $135,346 | $100,000 | 13 | $100,000 | $62,582 | $105,981 |
| 2021 | $782,615 | $147,498 | $139,380 | $105,000 | 15 | $105,000 | $109,757 | $106,108 |
| 2020 | $769,893 | $74,409 | $129,539 | $90,000 | 17 | — | $40,508 | $89,515 |
Under IRS private-foundation payout rules, Richard B Sneed Foundation reported a distributable amount of $121K for 2025 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
Richard B Sneed Foundation is led by Robert B Sneed, President on every filing since 2020; 1 of 3 officers listed in 2025 is compensated.
Officers on the 2025 filing
Robert B Sneed
President
On filings since 2020
1.5 hrs/week
$500 (2020) → $2K (2025)
Nancy S Sneed
Treasurer
On filings since 2020
0.8 hrs/week
No compensation reported
Richard C Sneed
Secretary
On filings since 2020
1.8 hrs/week
No compensation reported
Former officers (1)
- Former: Jennifer D Sneed (2020–2022) — Vice President
Data from IRS Form 990 filings, 2020–2025. "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 $2K, to Robert B Sneed (President).
Frequently asked questions about Richard B Sneed Foundation
How much does Richard B Sneed Foundation give each year?
Richard B Sneed Foundation gave $269K across 5 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $120K across 19 grants.
What is Richard B Sneed Foundation's typical grant size?
Richard B Sneed Foundation's median grant in 2025 was $3,283, and its average grant was $53,751, across 5 grants on its 2025 IRS Form 990-PF.
Where does Richard B Sneed Foundation give grants?
Richard B Sneed Foundation gives mostly in Ohio: 100% of the grant dollars itemized on its 2025 IRS Form 990-PF went to recipients there. The most frequent recipient cities were Cleveland, OH (3 grants).
Does Richard B Sneed Foundation give general operating support?
Not in 2025: none of the 5 grants with a stated purpose on Richard B Sneed Foundation's 2025 IRS Form 990-PF were described as general or operating support. Recurring purposes include "Charitable donation" (3 grants).
Who are Richard B Sneed Foundation's largest grantees?
Richard B Sneed Foundation's largest 2025 grantees include The Cleveland Orchestra ($262,754 across 3 grants), The Ohio State University ($3,000) and Pickaway Co Community Fndn ($3,000), according to its 2025 IRS Form 990-PF.
How large is Richard B Sneed Foundation?
Richard B Sneed Foundation reported $627K in total assets on its 2025 IRS Form 990-PF. It paid out $269K in qualifying distributions that year, against a required minimum of $121K (roughly 5% of its investment assets).
What is Richard B Sneed Foundation's EIN?
Richard B Sneed Foundation's EIN (Employer Identification Number) is 31-1627480. IRS Form 990 filing data is available on this page for 2020–2025.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(6)
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2020 (received by the IRS May 15, 2021)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS May 4, 2022)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS April 13, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS April 4, 2024)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS April 13, 2025)
- Added Form 990-PF for fiscal year 2025 (received by the IRS May 8, 2026)
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