Richchar Inc
Richchar Inc is a private foundation, based in River Forest, IL. IRS filing data is available from 2019 through 2025. As of 2025, the organization holds $282K in total assets. In 2025, it awarded 7 grants totaling $169K. Net investment income was $73K.
Richchar Inc at a glance
In short: Richchar Inc gave $169K across 7 grants in 2025 (avg $24K), mostly in Illinois. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $168,500
- +84.2% vs 2024
- Grants made (2025)
- 7
- -12.5% vs 2024
- Average grant
- $24,071
- +110.5% vs 2024
- Median grant
- $15,000
- Total assets
- $281,772
- -25.7% vs 2024
- Primary geography
- Illinois (84% 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 Richchar Inc funds
How this funder distributes its grants
Top Recipients
Top 7 recipients in 2025
The largest 2025 recipient was Housing Forward ($85K). Together the top 7 received $169K.
Grant Size Distribution
44 grants across all recorded years
The most common grant size was under $50K: 43 grants of 44 (98%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2025 grant dollars across all 7 itemized grants.
Cities
How Richchar Inc gives
- Giving grew 93% from 2022 to 2025. Method
- In 2025 it paid out 502% 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 2019 to 2025, annual grant giving ranged from $54K (2019) to $169K (2025). In 2025 it made 7 grants totaling $169K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Housing Forward Maywood, IL | To further work to provide housing and crisis needs for the community | $85,000 |
| St Ignatius College Prep Chicago, IL | To further educational work | $25,000 |
| WBEZ Chicago Public Media Chicago, IL | To support further work with public radio | $15,000 |
| Partners in Health Frederick, MD | To further charitable work in providing health care to people who need it most. | $15,000 |
| Greater Chicago Food Depository Chicago, IL | To further work in providing food for the hungry and end hunger in the community | $15,000 |
| Michael J Fox Foundation Hagerstown, MD | To further research work in finding a cure for Parkinson disease | $12,500 |
| The Barack Obama Foundation Chicago, IL | To empower future changemakers with scholarships, mentorship, connections, opportunities for college students to make a meaningful impact in the communities. | $1,000 |
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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 | $281,772 | $77,526 | $175,156 | $168,500 | 7 | $170,864 | $73,254 | $34,054 |
| 2024 | $379,402 | $10,687 | $101,490 | $91,500 | 8 | $95,805 | $8,904 | $37,297 |
| 2023 | $470,205 | $43,711 | $89,975 | $85,500 | 9 | $85,515 | $39,367 | $35,509 |
| 2022 | $516,469 | $3,462 | $94,564 | $87,500 | 9 | $89,510 | $8,325 | $39,940 |
| 2021 | $607,571 | $35,530 | $122,511 | $116,000 | 11 | $116,015 | $29,997 | $48,089 |
| 2020 | $693,708 | $30,051 | $98,769 | $93,000 | 13 | — | $24,638 | $43,521 |
| 2019 | $763,426 | $62,430 | $64,061 | $54,000 | 12 | — | $56,542 | $44,021 |
Under IRS private-foundation payout rules, Richchar Inc reported a distributable amount of $34K for 2025 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
Richchar Inc is led by Peter Vlerick, President & Secretary since 2021 (on filings since 2019); none of the 3 officers listed in 2025 report compensation.
Officers on the 2025 filing
Peter Vlerick
President & Secretary
Secretary → President & Secretary, 2021
On filings since 2019
No compensation reported
Jacqueline Redlich
Director
On filings since 2021
No compensation reported
Beth Vlerick
Assistant Treasurer
On filings since 2021
No compensation reported
Data from IRS Form 990 filings, 2019–2025. "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 Richchar Inc
How much does Richchar Inc give each year?
Richchar Inc gave $169K across 7 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $92K across 8 grants.
What is Richchar Inc's typical grant size?
Richchar Inc's median grant in 2025 was $15,000, and its average grant was $24,071, across 7 grants on its 2025 IRS Form 990-PF.
Where does Richchar Inc give grants?
Richchar Inc gives mostly in Illinois: 84% of the grant dollars itemized on its 2025 IRS Form 990-PF went to recipients there. The next largest state was Maryland (16%). The most frequent recipient cities were Chicago, IL (4 grants).
Does Richchar Inc give general operating support?
Not in 2025: none of the 7 grants with a stated purpose on Richchar Inc's 2025 IRS Form 990-PF were described as general or operating support.
Who are Richchar Inc's largest grantees?
Richchar Inc's largest 2025 grantees include Housing Forward ($85,000), St Ignatius College Prep ($25,000) and WBEZ Chicago Public Media ($15,000), according to its 2025 IRS Form 990-PF. Together they received 74% of its itemized 2025 grant dollars.
How large is Richchar Inc?
Richchar Inc reported $282K in total assets on its 2025 IRS Form 990-PF. It paid out $171K in qualifying distributions that year, against a required minimum of $34K (roughly 5% of its investment assets).
What is Richchar Inc's EIN?
Richchar Inc's EIN (Employer Identification Number) is 36-4156963. IRS Form 990 filing data is available on this page for 2019–2025.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(8)
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2019 (received by the IRS June 23, 2020)
- Updated Form 990-PF for fiscal year 2020 (received by the IRS August 26, 2021)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS June 15, 2022)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS May 15, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS May 13, 2024)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS May 13, 2025)
- Added Form 990-PF for fiscal year 2025 (received by the IRS May 14, 2026)
- IRS filings on file for fiscal years 2019–2024
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