Richard Benevolent Foundation

Foundation · Grantmaker Carol Stream, IL EIN: 75-3089935

Richard Benevolent Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in Carol Stream, IL. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $444K in total assets. In 2024, it awarded 4 grants totaling $23K. Net investment income was $2K.

Key facts about Richard Benevolent Foundation

EIN: 75-3089935
Latest 990 filing: Form 990-PF, 2024
Annual giving (2024): $22,641
Grants made (2024): 4
Average grant: $5,660
Median grant: $6,147
Total assets: $444,191
Primary geography: Illinois (100% of itemized 2024 grant dollars)

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

Who Richard Benevolent Foundation funds

By grant dollars, the top recipient states for Richard Benevolent Foundation's 4 itemized 2024 grants were Illinois (100%). None of its 4 grants with a stated purpose were described as general or operating support. Recurring purposes include "Scholarship" (4 grants).

How Richard Benevolent Foundation gives

Giving fell 28% from 2021 to 2024. Method
In 2024 it paid out 91% of its IRS minimum distribution (the 5% rule). Foundations have until the end of the next year to meet it. Method

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

Next steps with Richard Benevolent Foundation

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Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$444K

+6.8% YoY

Annual Giving

$23K

-42.5% YoY

Grant Count

-20.0% YoY

Avg Grant Size

$6K

-28.1% YoY

Under IRS private-foundation payout rules, Richard Benevolent Foundation reported a distributable amount of $25K for 2024 — the minimum it must pay out in qualifying distributions.

About Richard Benevolent 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

Illinois $23K (100%)

Share of all 4 itemized 2024 grant dollars.

States

Illinois Indiana Texas

Cities

ElginGlen EllynSan AntonioChampaignChicagoQuincyWest Lafayette

Financial History

Multi-year comparison from IRS filings

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2024	2023	2022
Total Assets	$444,191	$415,893	$405,342
Revenue	$52,038	$50,952	$6
Expenses	$23,740	$40,401	$50,484
Qualifying Distributions	$22,641	$39,376	$49,505
Net Investment Income	$2,038	—	$6
Distributable Amount	$24,911	$21,393	$20,635

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 4 recipients in 2024

Grant Size Distribution

24 grants across all recorded years

Giving History

Grant recipients and amounts by year

Among its reported 2024 grants, the largest recipients include Judson University ($10,001), University of Illinois ($7,293), Quincy ($5,000).

Recipient	Purpose	Amount
JUDSON UNIVERSITY Elgin, IL	SCHOLARSHIP	$10,001
UNIVERSITY OF ILLINOIS Champaign, IL	SCHOLARSHIP	$7,293
QUINCY Quincy, IL	SCHOLARSHIP	$5,000
COLLEGE OF DUPAGE Glen Ellyn, IL	SCHOLARSHIP	$347

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
Dan Richard	President	2	—
Sharon Wong	Secretary	2	—
Beth Richard	Director	2	—

Subject Areas

Focus areas based on grantmaking activity

Philanthropy, Voluntarism & Grantmaking

Frequently Asked Questions

What is Richard Benevolent Foundation?

Richard Benevolent Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in Carol Stream, IL. It holds $444K in total assets as of 2024.

How large is Richard Benevolent Foundation?

As of 2024, Richard Benevolent Foundation holds $444K in total assets with $52K in annual revenue. It awarded 4 grants totaling $23K in 2024.

Where does Richard Benevolent Foundation operate?

Richard Benevolent Foundation has awarded grants in Illinois, Indiana, Texas.

What size grants does Richard Benevolent Foundation award?

In 2024, Richard Benevolent Foundation awarded 4 grants totaling $23K — an average of about $6K per grant, based on its IRS Form 990 filings.

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

Private foundations must generally distribute about 5% of their assets annually. For 2024, Richard Benevolent Foundation reported a distributable amount of $25K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.