Richard Olivieri Family Foundation
Richard Olivieri Family Foundation is a private foundation, based in Virginia Beach, VA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $338K in total assets. In 2024, it awarded 4 grants totaling $67K. Net investment income was $18K.
Richard Olivieri Family Foundation at a glance
In short: Richard Olivieri Family Foundation gave $67K across 4 grants in 2024 (avg $17K), mostly in Virginia. Source: 2024 IRS Form 990-PF.
- Annual giving (2024)
- $67,300
- +81.9% vs 2023
- Grants made (2024)
- 4
- +33.3% vs 2023
- Average grant
- $16,825
- +36.4% vs 2023
- Median grant
- $7,900
- Total assets
- $338,400
- +1.6% vs 2023
- Primary geography
- Virginia (95% of itemized 2024 grant dollars)
- Latest 990 filing
- Form 990-PF, 2024 View filing
Data from IRS Form 990-PF, 2024; updated September 2026.
Who Richard Olivieri Family Foundation funds
How this funder distributes its grants
Top Recipients
Top 4 recipients in 2024
The largest 2024 recipient was Cape Henry Collegiate ($50K). Together the top 4 received $67K.
Grant Size Distribution
49 grants across all recorded years
The most common grant size was under $50K: 47 grants of 49 (96%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2024 grant dollars across all 4 itemized grants.
Cities
How Richard Olivieri Family Foundation gives
- Giving grew 388% from 2021 to 2024. Method
- In 2024 it paid out 449% 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 2024, annual grant giving ranged from $14K (2021) to $67K (2024). In 2024 it made 4 grants totaling $67K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Cape Henry Collegiate Virginia Beach, VA | Education | $50,000 |
| Chesapeake Wine Classic Foundation Virginia Beach, VA | Education | $12,500 |
| American Heart Association Dallas, TX | HEALTH | $3,300 |
| VB Home Now Virginia Beach, VA | General | $1,500 |
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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 |
|---|---|---|---|---|---|---|---|---|
| 2024 | $338,400 | $80,958 | $75,377 | $67,300 | 4 | $67,300 | $17,910 | $14,982 |
| 2023 | $333,053 | $44,412 | $37,526 | $37,000 | 3 | $37,000 | $16,836 | $14,212 |
| 2022 | $326,399 | $72,076 | $68,260 | $65,000 | 10 | $65,000 | $16,676 | $15,056 |
| 2021 | $318,507 | $17,736 | $19,486 | $13,800 | 16 | $13,800 | $16,653 | $16,643 |
| 2020 | $324,876 | $19,827 | $21,435 | $17,300 | 16 | — | $17,576 | $16,900 |
Under IRS private-foundation payout rules, Richard Olivieri Family Foundation reported a distributable amount of $15K for 2024 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
Richard Olivieri Family Foundation's only listed officer is Michael V. Olivieri, Officer on every filing since 2020 (uncompensated).
Officers on the 2024 filing
Michael V. Olivieri
Officer
On filings since 2020
No compensation reported
Data from IRS Form 990 filings, 2020–2024. "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 Olivieri Family Foundation
How much does Richard Olivieri Family Foundation give each year?
Richard Olivieri Family Foundation gave $67K across 4 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $37K across 3 grants.
What is Richard Olivieri Family Foundation's typical grant size?
Richard Olivieri Family Foundation's median grant in 2024 was $7,900, and its average grant was $16,825, across 4 grants on its 2024 IRS Form 990-PF.
Where does Richard Olivieri Family Foundation give grants?
Richard Olivieri Family Foundation gives mostly in Virginia: 95% of the grant dollars itemized on its 2024 IRS Form 990-PF went to recipients there. The most frequent recipient cities were Virginia Beach, VA (3 grants).
Does Richard Olivieri Family Foundation give general operating support?
Yes: 25% of Richard Olivieri Family Foundation's 2024 grants with a stated purpose (1 of 4) were for general or operating support, per its 2024 IRS Form 990-PF.
How large is Richard Olivieri Family Foundation?
Richard Olivieri Family Foundation reported $338K in total assets on its 2024 IRS Form 990-PF. It paid out $67K in qualifying distributions that year, against a required minimum of $15K (roughly 5% of its investment assets).
What is Richard Olivieri Family Foundation's EIN?
Richard Olivieri Family Foundation's EIN (Employer Identification Number) is 54-1308959. IRS Form 990 filing data is available on this page for 2020–2024.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(1)
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2024
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