Richards Family Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in CLEVELAND, OH. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $3.1M in total assets. In 2024, it awarded 14 grants totaling $320K. Net investment income was $220K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$3.1M
-3.2% YoY
Annual Giving
$320K
+1.3% YoY
Grant Count
14
-12.5% YoY
Avg Grant Size
$23K
+15.7% YoY
Under IRS private-foundation payout rules, Richards Family Foundation reported a distributable amount of $304K for 2024 — the minimum it must pay out in qualifying distributions.
About Richards Family Foundation
Based on IRS filings
Richards Family Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in CLEVELAND, OH. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $3.1M in total assets. In 2024, it awarded 14 grants totaling $320K. Net investment income was $220K.
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 | $3,128,936 | $3,231,306 | $3,461,216 |
| Revenue | $265,047 | $141,422 | $804,816 |
| Expenses | $365,171 | $360,288 | $330,414 |
| Qualifying Distributions | $323,200 | $318,470 | $285,200 |
| Net Investment Income | $220,076 | $87,354 | $74,199 |
| Distributable Amount | $303,966 | $279,376 | $244,748 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
Grant Size Distribution
71 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Cuyahoga Valley Christian Academy ($100,000), City Mission ($50,000), Ambassadors Football International ($25,000).
| Recipient | Purpose | Amount |
|---|---|---|
| AMBASSADORS FOOTBALL INTERNATIONAL TWINSBURG, OH | GENERAL | $25,000 |
| CAMPUS CRUSADE FOR CHRIST ORLANDO, FL | GENERAL | $17,000 |
| CITY MISSION CLEVELAND, OH | GENERAL | $50,000 |
| CROSSROADS PRISON MINISTRIES KENTWOOD, MI | GENERAL | $5,000 |
| CUYAHOGA VALLEY CHRISTIAN ACADEMY CUYAHOGA FALLS, OH | GENERAL | $100,000 |
| FELLOWSHIP OF CHRISTIAN ATHLETES KANSAS CITY, KS | GENERAL | $3,000 |
| FIELDSTONE COUNSELING UNIONTOWN, OH | GENERAL | $20,000 |
| RAHAB MINISTRIES AKRON, OH | GENERAL | $5,000 |
| SCRANTON ROAD MINISTRIES CDC CLEVELAND, OH | GENERAL | $20,000 |
| STORY CHURCH MAYFIELD HEIGHTS, OH | GENERAL | $10,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| MARIANNE RICHARDS | CO-TRUSTEE | — | — |
| DONALD J RICHARDS | CO-TRUSTEE | — | — |
| KATHERINE L RUIZ | CO-TRUSTEE | — | — |
| DANIEL S RICHARDS | CO-TRUSTEE | — | — |
| PETER D RICHARDS | CO-TRUSTEE | — | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Richards Family Foundation?
Richards Family Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in CLEVELAND, OH. It holds $3.1M in total assets as of 2024.
How large is Richards Family Foundation?
As of 2024, Richards Family Foundation holds $3.1M in total assets with $265K in annual revenue. It awarded 14 grants totaling $320K in 2024.
Where does Richards Family Foundation operate?
Richards Family Foundation has awarded grants in California, Colorado, Florida, Georgia, Illinois, Indiana, Kansas, Michigan, Minnesota, Ohio.
What size grants does Richards Family Foundation award?
In 2024, Richards Family Foundation awarded 14 grants totaling $320K — an average of about $23K per grant, based on its IRS Form 990 filings.
How much is Richards Family Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Richards Family Foundation reported a distributable amount of $304K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Richards Family Foundation's EIN?
Richards Family Foundation's EIN (Employer Identification Number) is 20-0505655. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in Richards 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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