Richland Summit Charitable Foundation

OLNEY, IL EIN: 31-1651945

Richland Summit Charitable Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in OLNEY, IL. IRS filing data is available from 2019 through 2024. As of 2024, the organization holds $20K in total assets. In 2024, it awarded 6 grants totaling $14K. Net investment income was $1K.

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$20K

-38.5% YoY

Annual Giving

$14K

+237.5% YoY

Grant Count

6

+0.0% YoY

Avg Grant Size

$2K

+237.5% YoY

About Richland Summit Charitable Foundation

Based on IRS filings

Richland Summit Charitable Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in OLNEY, IL. IRS filing data is available from 2019 through 2024. As of 2024, the organization holds $20K in total assets. In 2024, it awarded 6 grants totaling $14K. Net investment income was $1K.

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

7states

Cities

BereaGrand HavenHillsdaleMemphisPetoskeyPhiladelphiaPoint LookoutSherman OaksSt LouisStaten IslandTraverse City

Financial History

Multi-year comparison from IRS filings

Revenue
Expenses
Qualifying Distributions
Net Investment Income
$0$7K$15K$22K$29K201920202021202220232024
Metric202420232022
Total Assets$19,967$32,450$35,034
Revenue$1,341$1,722$26,703
Expenses$13,824$4,306$19,701
Qualifying Distributions$13,515$4,015$19,465
Net Investment Income$1,316$1,697$291
Distributable Amount

Giving Over Time

Total grant dollars and number of grants per year

$0$5K$10K$15K$19K7 grants20196 grants20208 grants20219 grants20226 grants20236 grants2024

Grant Insights

How this funder distributes its grants

Top Recipients

Top 6 recipients in 2024

FIRST PRESBYTERIAN CHURC…$10KTUNNEL TO TOWERS FOUNDAT…$2KFOUNDATION FOR INDIVIDUA…$500HILLSDALE COLLEGE$500SHRINERS HOSPITAL FOR CH…$500ST JUDE CHILDREN'S RESEA…$500

Grant Size Distribution

35 grants across all recorded years

35<$50K$50–100K$100–250K$250–500K$500K–1M$1–5M$5M+

Giving History

Grant recipients and amounts by year

No grants recorded for .

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

From 2024 IRS filing

From 2024 filing

NameTitleHoursCompensation
KATHRYN M MORSETRUSTEE1
PETER A MORSE SRADVISOR1
PETER A MORSE JRADVISOR1
JOHN W MORSEADVISOR1

Subject Areas

Focus areas based on grantmaking activity

Related Funders

Similar funders by location and focus area

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

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