The Foundation for Dreamers
The Foundation for Dreamers is a private foundation, based in Austin, TX. IRS filing data is available from 2019 through 2025. As of 2025, the organization holds $956K in total assets. In 2025, it awarded 8 grants totaling $61K. Net investment income was $55K.
The Foundation for Dreamers at a glance
In short: The Foundation for Dreamers gave $61K across 8 grants in 2025 (avg $8K), mostly in New York. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $61,107
- -54.3% vs 2024
- Grants made (2025)
- 8
- +100.0% vs 2024
- Average grant
- $7,638
- -77.2% vs 2024
- Median grant
- $2,553
- Total assets
- $955,503
- +5.6% vs 2024
- Primary geography
- New York (75% 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 The Foundation for Dreamers funds
How this funder distributes its grants
Top Recipients
Top 8 recipients in 2025
The largest 2025 recipient was Action Against Hunger USA ($45K). Together the top 8 received $61K.
Grant Size Distribution
26 grants across all recorded years
The most common grant size was under $50K: 22 grants of 26 (85%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2025 grant dollars across all 8 itemized grants.
Cities
How The Foundation for Dreamers gives
- Giving fell 55% from 2022 to 2025. Method
- In 2025 it paid out 122% 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 $51K (2019) to $421K (2021). In 2025 it made 8 grants totaling $61K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Action Against Hunger USA New York, NY | Help End Hunger | $45,000 |
| The Beatrice F Kroesche Salt Lake City, UT | Scholarship for Single Parents | $6,000 |
| Nova Ukraine Sunnyvale, CA | Emergency Relief Assisting Ukraine | $2,892 |
| Miracle Foundation Austin, TX | Helping Orphans Reunite with Familie | $2,606 |
| Norwich University Northfield, VT | Alumni Rugby Scholarship | $2,500 |
| National Ms Society New York, NY | Fighting Against MS | $933 |
| Team Rubicon Los Angeles, CA | National Disaster Relief | $676 |
| St Jude Memphis, TN | Treat and Defeat Childhood Cancer | $500 |
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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 | $955,503 | $112,939 | $62,313 | $61,107 | 8 | $61,107 | $54,978 | $50,160 |
| 2024 | $904,877 | $118,220 | $137,835 | $133,742 | 4 | $133,742 | $57,134 | $46,282 |
| 2023 | $924,492 | $132,204 | $138,832 | $133,498 | 3 | $133,498 | $56,496 | $44,084 |
| 2022 | $931,120 | $114,605 | $144,391 | $137,207 | 4 | $137,207 | $54,806 | $45,905 |
| 2021 | $960,906 | $87,794 | $430,482 | $421,450 | 7 | $425,970 | $40,293 | $50,640 |
| 2020 | $1,303,594 | $92,953 | $124,617 | $119,643 | 23 | — | $32,308 | $66,401 |
| 2019 | $1,335,258 | $103,093 | $58,775 | $51,091 | 20 | — | $33,456 | $62,997 |
Under IRS private-foundation payout rules, The Foundation for Dreamers reported a distributable amount of $50K for 2025 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
The Foundation for Dreamers is led by Douglas S. Richards Jr., President on every filing since 2019; none of the 2 officers listed in 2025 report compensation.
Officers on the 2025 filing
Douglas S. Richards Jr.
President
On filings since 2019
No compensation reported
Cloud Richards
Vice President
V & P → Vice President, 2020
On filings since 2019
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 The Foundation for Dreamers
How much does The Foundation for Dreamers give each year?
The Foundation for Dreamers gave $61K across 8 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $134K across 4 grants.
What is The Foundation for Dreamers's typical grant size?
The Foundation for Dreamers's median grant in 2025 was $2,553, and its average grant was $7,638, across 8 grants on its 2025 IRS Form 990-PF.
Where does The Foundation for Dreamers give grants?
The Foundation for Dreamers gives mostly in New York: 75% of the grant dollars itemized on its 2025 IRS Form 990-PF went to recipients there. The next largest states were Utah (10%) and California (6%). The most frequent recipient cities were New York, NY (2 grants).
Does The Foundation for Dreamers give general operating support?
Not in 2025: none of the 8 grants with a stated purpose on The Foundation for Dreamers's 2025 IRS Form 990-PF were described as general or operating support.
Who are The Foundation for Dreamers's largest grantees?
The Foundation for Dreamers's largest 2025 grantees include Action Against Hunger USA ($45,000), The Beatrice F Kroesche ($6,000) and Nova Ukraine ($2,892), according to its 2025 IRS Form 990-PF. Together they received 88% of its itemized 2025 grant dollars.
How large is The Foundation for Dreamers?
The Foundation for Dreamers reported $956K in total assets on its 2025 IRS Form 990-PF. It paid out $61K in qualifying distributions that year, against a required minimum of $50K (roughly 5% of its investment assets).
What is The Foundation for Dreamers's EIN?
The Foundation for Dreamers's EIN (Employer Identification Number) is 74-2736860. 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 May 21, 2020)
- Updated Form 990-PF for fiscal year 2020 (received by the IRS April 28, 2021)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS August 1, 2022)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS May 23, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS November 13, 2024)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS July 30, 2025)
- Updated Form 990-PF for fiscal year 2025 (received by the IRS March 23, 2026)
- IRS filings on file for fiscal years 2019–2025
Explore Open Grants
Browse active grant opportunities in The Foundation for Dreamers's focus areas in our free grants database
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