Richard Benevolent Foundation
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.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$444K
+6.8% YoY
Annual Giving
$23K
-42.5% YoY
Grant Count
4
-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
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.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
| 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 |
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 include Judson University ($10,001), University of Illinois ($7,293), Quincy ($5,000).
| Recipient | Purpose | Amount |
|---|---|---|
| COLLEGE OF DUPAGE GLEN ELLYN, IL | SCHOLARSHIP | $347 |
| QUINCY QUINCY, IL | SCHOLARSHIP | $5,000 |
| UNIVERSITY OF ILLINOIS CHAMPAIGN, IL | SCHOLARSHIP | $7,293 |
| JUDSON UNIVERSITY ELGIN, IL | SCHOLARSHIP | $10,001 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 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
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.
What is Richard Benevolent Foundation's EIN?
Richard Benevolent Foundation's EIN (Employer Identification Number) is 75-3089935. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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