Richard J and Involut V Jessup
Richard J and Involut V Jessup is a private foundation, based in Bloomfield Hills, MI. IRS filing data is available from 2024 through 2025. As of 2025, the organization holds $396K in total assets. In 2025, it awarded 2 grants totaling $20K. Net investment income was $6K.
Richard J and Involut V Jessup at a glance
In short: Richard J and Involut V Jessup gave $20K across 2 grants in 2025 (avg $10K), mostly in District of Columbia. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $20,000
- +0.0% vs 2024
- Grants made (2025)
- 2
- +0.0% vs 2024
- Average grant
- $10,000
- +0.0% vs 2024
- Median grant
- $10,000
- Total assets
- $396,148
- +1.5% vs 2024
- Primary geography
- District of Columbia (50% 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 J and Involut V Jessup funds
How this funder distributes its grants
Top Recipients
Top 2 recipients in 2025
The largest 2025 recipient was American Red Cross ($10K). Together the top 2 received $20K.
Grant Size Distribution
4 grants across all recorded years
The most common grant size was under $50K: 4 grants of 4 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2025 grant dollars across all 2 itemized grants.
States
Cities
How Richard J and Involut V Jessup gives
- In 2025 it paid out 107% 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 2024 to 2025, annual grant giving ranged from $20K (2024) to $20K (2025). In 2025 it made 2 grants totaling $20K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| American Red Cross Washington, DC | To enhance charitable activities | $10,000 |
| Detroit Symphony Orchestra Dertoit, MI | To enhance charitable activities | $10,000 |
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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 | $396,148 | $27,356 | $21,475 | $20,000 | 2 | $20,000 | $5,881 | $18,614 |
| 2024 | $390,267 | $27,060 | $20,000 | $20,000 | 2 | $20,000 | $7,060 | $15,625 |
Under IRS private-foundation payout rules, Richard J and Involut V Jessup reported a distributable amount of $19K for 2025 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
Richard J and Involut V Jessup is led by Richard J Jessup, President & Director on every filing since 2024; none of the 5 officers listed in 2025 report compensation.
Officers on the 2025 filing
Richard J Jessup
President & Director
On filings since 2024
2 hrs/week
No compensation reported
John M Foster
Director
On filings since 2024
1 hr/week
No compensation reported
Mary M Lyneis
Director
On filings since 2024
1 hr/week
No compensation reported
Involut V Jessup
Secretary
On filings since 2024
2 hrs/week
No compensation reported
John R Jessup
Treasurer
On filings since 2024
2 hrs/week
No compensation reported
Data from IRS Form 990 filings, 2024–2025. "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 J and Involut V Jessup
How much does Richard J and Involut V Jessup give each year?
Richard J and Involut V Jessup gave $20K across 2 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $20K across 2 grants.
How large is Richard J and Involut V Jessup?
Richard J and Involut V Jessup reported $396K in total assets on its 2025 IRS Form 990-PF. It paid out $20K in qualifying distributions that year, against a required minimum of $19K (roughly 5% of its investment assets).
Where does Richard J and Involut V Jessup operate?
Richard J and Involut V Jessup has awarded grants in District of Columbia, Michigan.
What is Richard J and Involut V Jessup's EIN?
Richard J and Involut V Jessup's EIN (Employer Identification Number) is 86-3424671. IRS Form 990 filing data is available on this page for 2024–2025.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(3)
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2024 (received by the IRS July 11, 2025)
- Updated Form 990-PF for fiscal year 2025 (received by the IRS April 15, 2026)
- IRS filings on file for fiscal years 2024–2025
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