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.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$338K
+1.6% YoY
Annual Giving
$67K
+81.9% YoY
Grant Count
4
+33.3% YoY
Avg Grant Size
$17K
+36.4% YoY
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.
About Richard Olivieri Family Foundation
Based on IRS filings
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.
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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 | $338,400 | $333,053 | $326,399 |
| Revenue | $80,958 | $44,412 | $72,076 |
| Expenses | $75,377 | $37,526 | $68,260 |
| Qualifying Distributions | $67,300 | $37,000 | $65,000 |
| Net Investment Income | $17,910 | $16,836 | $16,676 |
| Distributable Amount | $14,982 | $14,212 | $15,056 |
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
49 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Cape Henry Collegiate ($50,000), Chesapeake Wine Classic Foundation ($12,500), American Heart Association ($3,300).
| Recipient | Purpose | Amount |
|---|---|---|
| VB HOME NOW VIRGINIA BEACH, VA | GENERAL | $1,500 |
| CHESAPEAKE WINE CLASSIC FOUNDATION VIRGINIA BEACH, VA | EDUCATION | $12,500 |
| CAPE HENRY COLLEGIATE VIRGINIA BEACH, VA | EDUCATION | $50,000 |
| AMERICAN HEART ASSOCIATION DALLAS, TX | HEALTH | $3,300 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| MICHAEL V OLIVIERI | OFFICER | — | — |
Frequently Asked Questions
How large is Richard Olivieri Family Foundation?
As of 2024, Richard Olivieri Family Foundation holds $338K in total assets with $81K in annual revenue. It awarded 4 grants totaling $67K in 2024.
Where does Richard Olivieri Family Foundation operate?
Richard Olivieri Family Foundation has awarded grants in Maryland, Texas, Virginia.
What size grants does Richard Olivieri Family Foundation award?
In 2024, Richard Olivieri Family Foundation awarded 4 grants totaling $67K — an average of about $17K per grant, based on its IRS Form 990 filings.
How much is Richard Olivieri Family Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Richard Olivieri Family Foundation reported a distributable amount of $15K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
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.
Explore Open Grants
Browse active grant opportunities in Richard Olivieri Family Foundation's focus areas in our free grants database
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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