Ries Foundation
Ries Foundation is a private foundation, based in CHICAGO, IL. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $1.3M in total assets. In 2024, it awarded 32 grants totaling $67K. Net investment income was $51K.
Key facts about Ries Foundation
- EIN
- 36-2545485
- Latest 990 filing
- Form 990-PF, 2024
- Annual giving (2024)
- $66,586
- Grants made (2024)
- 32
- Average grant
- $2,081
- Median grant
- $500
- Total assets
- $1,337,535
- Primary geography
- Illinois (63% of itemized 2024 grant dollars)
Data from IRS Form 990-PF, 2024; updated April 2026.
Who Ries Foundation funds
By grant dollars, the top recipient states for Ries Foundation's 32 itemized 2024 grants were Illinois (63%), California (23%) and New York (8%). The most frequent recipient cities were Chicago, IL (11 grants), New York, NY (5 grants) and Ithaca, NY (2 grants). None of its 32 grants with a stated purpose were described as general or operating support. Recurring purposes include "Charitable Gift" (26 grants) and "Charitable Grants" (4 grants).
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$1.3M
+92.7% YoY
Annual Giving
$67K
+24.1% YoY
Grant Count
32
-8.6% YoY
Avg Grant Size
$2K
+35.7% YoY
Under IRS private-foundation payout rules, Ries Foundation reported a distributable amount of $63K for 2024 — the minimum it must pay out in qualifying distributions.
About Ries Foundation
Based on IRS filings
Ries Foundation is a private foundation, based in CHICAGO, IL. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $1.3M in total assets. In 2024, it awarded 32 grants totaling $67K. Net investment income was $51K.
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of all 32 itemized 2024 grant dollars.
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $1,337,535 | $693,962 | $652,588 |
| Revenue | $72,763 | $116,314 | $83,651 |
| Expenses | $80,845 | $64,304 | $70,641 |
| Qualifying Distributions | $66,586 | $55,001 | $57,091 |
| Net Investment Income | $50,619 | $108,015 | $70,802 |
| Distributable Amount | $62,979 | $57,531 | $57,979 |
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
167 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest recipients include Jewish United Fund ($18,418), Worthy Books ($15,000), Us Holocaust Memorial ($5,000).
| Recipient | Purpose | Amount |
|---|---|---|
| JEWISH UNITED FUND CHICAGO, IL | CHARITABLE GIFT | $18,418 |
| WORTHY BOOKS ENCINITAS, CA | CHARITABLE GIFT | $15,000 |
| US HOLOCAUST MEMORIAL HIGHLAND PARK, IL | CHARITABLE GIFT | $5,000 |
| AM SHALOM GLENCOE, IL | CHARITABLE GIFT | $4,950 |
| NORTHWESTERN UNIVERSITY EVANSTON, IL | CHARITABLE GRANTS | $2,500 |
| SELF HELP HOME CHICAGO, IL | CHARITABLE GIFT | $2,150 |
| FRIENDS OF THE IDF CHICAGO, IL | CHARITABLE GIFT | $2,143 |
| JEWISH WOMEN'S FOUNDATION CHICAGO, IL | CHARITABLE GIFT | $2,000 |
| WORLD CENTRAL KITCHEN WASHINGTON, DC | CHARITABLE GRANTS | $2,000 |
| CORNELL UNIVERSITY ITHACA, NY | CHARITABLE GIFT | $1,500 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| DR MICHAEL H RIES | PRESIDENT, TREAS, DIRECTOR | — | — |
| DR ELAINE LEBOFF-RIES | VICE PRESIDENT, SECR, DIRECTOR | — | — |
| JEFFREY RIES | DIRECTOR | — | — |
| LAURA RIES | DIRECTOR | — | — |
Frequently Asked Questions
How large is Ries Foundation?
As of 2024, Ries Foundation holds $1.3M in total assets with $73K in annual revenue. It awarded 32 grants totaling $67K in 2024.
Where does Ries Foundation operate?
Ries Foundation has awarded grants in California, Colorado, District of Columbia, Illinois, Massachusetts, New York, Ohio, Texas.
What size grants does Ries Foundation award?
In 2024, Ries Foundation awarded 32 grants totaling $67K — an average of about $2K per grant, based on its IRS Form 990 filings.
How much is Ries Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Ries Foundation reported a distributable amount of $63K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Ries Foundation's EIN?
Ries Foundation's EIN (Employer Identification Number) is 36-2545485. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in Ries 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.