The Ricci Family Foundation

Private foundation · Grantmaker Cleveland, OH EIN: 26-0521241

The Ricci Family Foundation is a private foundation, based in Cleveland, OH. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $1.7M in total assets. In 2024, it awarded 2 grants totaling $10K. Net investment income was $188K.

Key facts about The Ricci Family Foundation

In short: The Ricci Family Foundation gave $10K across 2 grants in 2024 (avg $5K), mostly in Ohio. Source: 2024 IRS Form 990-PF.

EIN
26-0521241
Latest 990 filing
Form 990-PF, 2024
Annual giving (2024)
$10,000
Grants made (2024)
2
Average grant
$5,000
Median grant
$5,000
Total assets
$1,739,324
Primary geography
Ohio (100% of itemized 2024 grant dollars)

Data from IRS Form 990-PF, 2024; updated September 2026.

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$1.7M

+10.7% YoY

Annual Giving

$10K

-94.7% YoY

Grant Count

2

-71.4% YoY

Avg Grant Size

$5K

-81.3% YoY

Under IRS private-foundation payout rules, The Ricci Family Foundation reported a distributable amount of $115K for 2024 — the minimum it must pay out in qualifying distributions.

How The Ricci Family Foundation gives

  • Giving fell 84% from 2021 to 2024. Method
  • In 2024 it paid out 9% of its IRS minimum distribution (the 5% rule). Foundations have until the end of the next year to meet it. Method

From the foundation's IRS Form 990-PF filings. Methodology.

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

6states

Share of 2024 grant dollars across all 2 itemized grants.

Cities

ClevelandGates MillsSolonEuclidN BethesdaNew YorkNotre DameScottsdaleSouth BendTucsonWashingtonWest Lafayette

Giving Over Time

Total grant dollars and number of grants per year

$0$100K$200K$300K2 grants2020 4 grants2021 7 grants2022 7 grants2023 2 grants2024

From 2020 to 2024, annual grant giving ranged from $10K (2024) to $205K (2022). In 2024 it made 2 grants totaling $10K.

Grant Insights

How this funder distributes its grants

Top Recipients

Top 2 recipients in 2024

Rainbow Run: $5KRainbow Run$5KWomen's Air & Space Museum: $5KWomen's Air & Space Museum$5K

The largest 2024 recipient was Rainbow Run ($5K). Together the top 2 received $10K.

Grant Size Distribution

22 grants across all recorded years

19<$50K1$50–100K2$100–250K$250–500K$500K–1M$1–5M$5M+

The most common grant size was under $50K: 19 grants of 22 (86%).

Giving History

Grant recipients and amounts by year

RecipientPurposeAmount
Rainbow Run Solon, OHGeneral Fund$5,000
Women's Air & Space Museum Cleveland, OHGeneral Fund$5,000

Financial History

Multi-year comparison from IRS filings

Revenue
Expenses
Qualifying Distributions
Net Investment Income
$0$200K$400K$600K2020 2021 2022 2023 2024
Metric202420232022
Total Assets$1,739,324$1,571,641$1,726,255
Revenue$207,221$64,486$117,497
Expenses$24,335$213,742$237,702
Qualifying Distributions$10,000$187,145$205,000
Net Investment Income$187,809$66,891$68,576
Distributable Amount$115,119$109,580$114,493

Data update history

When this profile's IRS filing data changed on Grantable

  1. IRS filings on file for fiscal years 2020–2024

Leadership & Key People

Officers and directors from IRS filings

The Ricci Family Foundation is led by Kenn Ricci, President on every filing since 2020 — the only officer listed, and uncompensated.

Officers on the 2024 filing

  • Kenn Ricci

    President

    On filings since 2020

    No compensation reported

Data from IRS Form 990 filings, 2020–2024. "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 Ricci Family Foundation

How much does The Ricci Family Foundation give each year?

The Ricci Family Foundation gave $10K across 2 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $187K across 7 grants.

How large is The Ricci Family Foundation?

The Ricci Family Foundation reported $1.7M in total assets on its 2024 IRS Form 990-PF. It paid out $10K in qualifying distributions that year, against a required minimum of $115K (roughly 5% of its investment assets). Falling short in one year is not a violation: foundations have until the end of the next year to meet the minimum.

Where does The Ricci Family Foundation operate?

The Ricci Family Foundation has awarded grants in Arizona, District of Columbia, Indiana, Maryland, New York, Ohio.

What is The Ricci Family Foundation's EIN?

The Ricci Family Foundation's EIN (Employer Identification Number) is 26-0521241. IRS Form 990 filing data is available on this page for 2020–2024.

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

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