Richard Benevolent Foundation
Richard Benevolent Foundation is a private foundation, based in St Charles, IL. IRS filing data is available from 2020 through 2025. As of 2025, the organization holds $422K in total assets. In 2025, it awarded 3 grants totaling $25K. Net investment income was $2K.
Richard Benevolent Foundation at a glance
In short: Richard Benevolent Foundation gave $25K across 3 grants in 2025 (avg $8K), mostly in Illinois. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $24,801
- +9.5% vs 2024
- Grants made (2025)
- 3
- -25.0% vs 2024
- Average grant
- $8,267
- +46.1% vs 2024
- Median grant
- $7,580
- Total assets
- $421,649
- -5.1% vs 2024
- Primary geography
- Illinois (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 Benevolent Foundation funds
How this funder distributes its grants
Top Recipients
Top 3 recipients in 2025
The largest 2025 recipient was Quincy ($10K). Together the top 3 received $25K.
Grant Size Distribution
23 grants across all recorded years
The most common grant size was under $50K: 23 grants of 23 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2025 grant dollars across all 3 itemized grants.
Cities
How Richard Benevolent Foundation gives
- Giving fell 50% from 2022 to 2025. Method
- In 2025 it paid out 93% 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.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2025, annual grant giving ranged from $23K (2024) to $50K (2022). In 2025 it made 3 grants totaling $25K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Quincy Quincy, IL | Scholarship | $10,000 |
| College of Dupage Glen Ellyn, IL | Scholarship | $7,580 |
| University of Illinois Champaign, IL | Scholarship | $7,221 |
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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 | $421,649 | $3,484 | $26,026 | $24,801 | 3 | $26,026 | $2,259 | $27,900 |
| 2024 | $444,191 | $52,038 | $23,740 | $22,641 | 4 | $22,641 | $2,038 | $24,911 |
| 2023 | $415,893 | $50,952 | $40,401 | $39,376 | 5 | $39,376 | — | $21,393 |
| 2022 | $405,342 | $6 | $50,484 | $49,505 | 6 | $49,505 | $6 | $20,635 |
| 2021 | $455,820 | — | $32,067 | $31,392 | 5 | $31,392 | — | $23,179 |
| 2020 | $488,277 | $49 | $27,821 | $26,606 | 4 | — | — | $24,732 |
Under IRS private-foundation payout rules, Richard Benevolent Foundation reported a distributable amount of $28K for 2025 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
Richard Benevolent Foundation is led by Dan Richard, President on every filing since 2020; none of the 4 officers listed in 2025 report compensation.
Officers on the 2025 filing
Dan Richard
President
On filings since 2020
2 hrs/week
No compensation reported
Beth Richard
Director
On filings since 2020
2 hrs/week
No compensation reported
Michelle Wong
Director
New on the 2025 filing
2 hrs/week
No compensation reported
Sharon Wong
Secretary
On filings since 2020
2 hrs/week
No compensation reported
Former officers (1)
- Former: Betty Richard (2020–2021) — 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.
Frequently asked questions about Richard Benevolent Foundation
How much does Richard Benevolent Foundation give each year?
Richard Benevolent Foundation gave $25K across 3 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $23K across 4 grants.
What is Richard Benevolent Foundation's typical grant size?
Richard Benevolent Foundation's median grant in 2025 was $7,580, and its average grant was $8,267, across 3 grants on its 2025 IRS Form 990-PF.
Where does Richard Benevolent Foundation give grants?
Richard Benevolent Foundation gives mostly in Illinois: 100% of the grant dollars itemized on its 2025 IRS Form 990-PF went to recipients there.
Does Richard Benevolent Foundation give general operating support?
Not in 2025: none of the 3 grants with a stated purpose on Richard Benevolent Foundation's 2025 IRS Form 990-PF were described as general or operating support. Recurring purposes include "Scholarship" (3 grants).
How large is Richard Benevolent Foundation?
Richard Benevolent Foundation reported $422K in total assets on its 2025 IRS Form 990-PF. It paid out $26K in qualifying distributions that year, against a required minimum of $28K (roughly 5% of its investment assets). Falling short in one year is not a violation: foundations have until the end of the next year to meet the minimum.
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 2020–2025.
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 April 14, 2021)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS May 16, 2022)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS July 20, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS May 14, 2024)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS May 9, 2025)
- Added Form 990-PF for fiscal year 2025 (received by the IRS May 14, 2026)
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