Risk Management Foundation
Risk Management Foundation (RMF) is a not-for-profit 501(c)(3) educational foundation established to educate chapters and house corporations of sigma chi fraternity about risk management and provide aid in times of loss.
Risk Management Foundation at a glance
In short: Risk Management Foundation gave $645K across 2 grants in 2025 (avg $323K), mostly in Illinois. Source: 2025 IRS Form 990.
- Annual giving (2025)
- $645,044
- -16.8% vs 2024
- Grants made (2025)
- 2
- +0.0% vs 2024
- Average grant
- $322,522
- -16.8% vs 2024
- Median grant
- $322,522
- Total assets
- $29,200,523
- +14.5% vs 2024
- Primary geography
- Illinois (100% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990, 2025 View filing
Data from IRS Form 990, 2025; updated September 2026.
Who Risk Management Foundation funds
How this funder distributes its grants
Top Recipients
Top 2 recipients in 2025
The largest 2025 recipient was Constantine Housing Initiative Inc ($368K). Together the top 2 received $645K.
Grant Size Distribution
10 grants across all recorded years
The most common grant size was in the $250–500K range: 6 grants of 10 (60%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2025 grant dollars across all 2 itemized grants.
States
Cities
How Risk Management Foundation gives
- Giving held roughly steady from 2022 to 2025 (−15%). Method
From the foundation's IRS Form 990 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 $368K (2019) to $775K (2024). In 2025 it made 2 grants totaling $645K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Constantine Housing Initiative Inc Evanston, IL | To conduct property safety inspections and life safety consultations for rmf-member properties | $367,500 |
| Sigma Chi Leadership Institute Evanston, IL | Risk Management Education for Undergradutes and Advisors | $277,544 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Net Investment Income |
|---|---|---|---|---|---|---|
| 2025 | $29,200,523 | $7,036,766 | $5,220,900 | $645,044 | 2 | $1,395,670 |
| 2024 | $25,494,795 | $6,030,339 | $5,039,739 | $775,000 | 2 | $1,172,004 |
| 2023 | $22,083,939 | $5,094,662 | $5,215,815 | $765,000 | 2 | $632,558 |
| 2022 | $20,799,013 | $5,409,546 | $2,760,784 | $755,000 | 2 | $1,350,540 |
| 2021 | $23,021,124 | $4,889,541 | $3,317,139 | $585,753 | 2 | $1,221,439 |
| 2020 | $19,285,120 | $5,008,367 | $4,105,595 | $452,000 | 2 | $877,772 |
| 2019 | $17,570,217 | $5,604,104 | $4,148,787 | $368,392 | 2 | $1,517,620 |
About Risk Management Foundation
Based on IRS filings
Risk Management Foundation is a public charity focused on Health, based in Evanston, IL. IRS filing data is available from 2019 through 2025. As of 2025, the organization holds $29.2M in total assets. In 2025, it awarded 2 grants totaling $645K. Net investment income was $1.4M.
Focus Areas
Leadership & Key People
Officers and directors from IRS filings
Risk Management Foundation is led by Stephen O. Davidson, Executive Director & Secretary since 2025 (on filings since 2019); 1 of 7 officers listed in 2025 is compensated.
Officers on the 2025 filing
Stephen O. Davidson
Executive Director & Secretary
Executive Director → Executive Director & Secretary, 2025
On filings since 2019
25 hrs/week
$92K (2019) → $213K (2025)
Dennis Santoli
Board Member & Chairman
On filings since 2019
10 hrs/week
No compensation reported
Andrew Williams
Board Member
On filings since 2019
5 hrs/week
No compensation reported
Edward Pitt
Board Member & Treasurer
On filings since 2019
10 hrs/week
No compensation reported
John Yeo
Board Member
On filings since 2019
5 hrs/week
No compensation reported
Keith Dobrolinsky
Board Member & Vice Chairman
On filings since 2019
10 hrs/week
No compensation reported
Nathan A. Neal Esq.
Board Member
Board Member & Secretary → Board Member, 2025
On filings since 2019
7 hrs/week
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.
Compensation Overview
From 2025 IRS filing
The highest reported compensation on the 2025 filing was $213K, to Stephen O Davidson (Executive Director / Secretary).
Frequently asked questions about Risk Management Foundation
How much does Risk Management Foundation give each year?
Risk Management Foundation gave $645K across 2 grants in 2025, according to its 2025 IRS Form 990. In 2024 it gave $775K across 2 grants.
How large is Risk Management Foundation?
Risk Management Foundation reported $29.2M in total assets on its 2025 IRS Form 990. Its revenue that year was $7.0M.
What is Risk Management Foundation?
Risk Management Foundation is a public charity focused on Health, based in Evanston, IL. It holds $29.2M in total assets as of 2025.
Where does Risk Management Foundation operate?
Risk Management Foundation has awarded grants in Illinois.
What is Risk Management Foundation's EIN?
Risk Management Foundation's EIN (Employer Identification Number) is 36-3579508. IRS Form 990 filing data is available on this page for 2019–2025.
Data last updated September 2026. Sourced from IRS Form 990 filings.
Data update history
(8)
When this profile's IRS filing data changed on Grantable
- Updated Form 990 for fiscal year 2020 (received by the IRS June 14, 2021)
- Updated Form 990 for fiscal year 2021 (received by the IRS June 3, 2022)
- Updated Form 990 for fiscal year 2022 (received by the IRS June 15, 2023)
- Updated Form 990 for fiscal year 2023 (received by the IRS June 7, 2024)
- Updated Form 990 for fiscal year 2024 (received by the IRS June 2, 2025)
- Updated Form 990 for fiscal year 2019 (received by the IRS July 14, 2020)
- Added Form 990 for fiscal year 2025 (received by the IRS June 12, 2026)
- IRS filings on file for fiscal years 2019–2024
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