Richards Family Foundation

WEST DES MOINES, IA EIN: 02-0762705

Richards Family Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in WEST DES MOINES, IA. IRS filing data is available from 2020 through 2024. In 2024, it awarded 7 grants totaling $29K. Net investment income was $2K.

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

-100.0% YoY

Annual Giving

$29K

Grant Count

7

Avg Grant Size

$4K

Under IRS private-foundation payout rules, Richards Family Foundation reported a distributable amount of $184 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 WEST DES MOINES, IA. IRS filing data is available from 2020 through 2024. In 2024, it awarded 7 grants totaling $29K. Net investment income was $2K.

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

1states

States

Cities

AmesCliveColfaxPolk CityUrbandaleWest Des Moines

Financial History

Multi-year comparison from IRS filings

Revenue
Expenses
Qualifying Distributions
Net Investment Income
$0$8K$16K$25K$33K20202021202220232024
Metric202420232022
Total Assets$28,795$26,011
Revenue$2,347$900$734
Expenses$29,849$374$389
Qualifying Distributions$29,437
Net Investment Income$2,347$900$734
Distributable Amount$184$389$404

Giving Over Time

Total grant dollars and number of grants per year

$0$7K$15K$22K$29K1 grants20201 grants20210 grants20220 grants20237 grants2024

Grant Insights

How this funder distributes its grants

Top Recipients

Top 7 recipients in 2024

DOWLING ENDOWMENT FUND$16KPROFESSIONALS FOR CHARITY$8KNAZARETH SISTERS OF ANNU…$3KWEST DES MOINES COMMUNIT…$1KIOWA STATE FAIR$1KCRISIS CANNINES OF THE M…$750WEST DES MOINES POLICE B…$500

Grant Size Distribution

9 grants across all recorded years

9<$50K$50–100K$100–250K$250–500K$500K–1M$1–5M$5M+

Giving History

Grant recipients and amounts by year

Among its reported 2024 grants, the largest include Dowling Endowment Fund ($16,187), Professionals for Charity ($7,500), Nazareth Sisters of Annunciation ($2,500).

RecipientPurposeAmount
NAZARETH SISTERS OF ANNUNCIATION URBANDALE, IACONTRIBUTION$2,500
PROFESSIONALS FOR CHARITY CLIVE, IACONTRIBUTION$7,500
WEST DES MOINES COMMUNITY SCHOOLS FOUNDATION WEST DES MOINES, IACONTRIBUTION$1,000
CRISIS CANNINES OF THE MIDLANDS COLFAX, IACONTRIBUTION$750
IOWA STATE FAIR POLK CITY, IACONTRIBUTION$1,000
DOWLING ENDOWMENT FUND WEST DES MOINES, IACONTRIBUTION$16,187
WEST DES MOINES POLICE BENEVOLENT ASSN WEST DES MOINES, IACONTRIBUTION$500

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

From 2024 IRS filing

From 2024 filing

NameTitleHoursCompensation
MICHAEL JRICHARDSOFFICER
ANN T RICHARDSOFFICER

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 WEST DES MOINES, IA. It holds — in total assets as of 2024.

Where does Richards Family Foundation operate?

Richards Family Foundation has awarded grants in Iowa.

What size grants does Richards Family Foundation award?

In 2024, Richards Family Foundation awarded 7 grants totaling $29K — an average of about $4K 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 $184 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 02-0762705. IRS Form 990 filing data is available on this page for 2020–2024.

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Data last updated April 2026. Sourced from IRS Form 990-PF filings.

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