The Rich Foundation Inc
The Rich Foundation Inc is a private foundation based in Atlanta, Georgia, incorporated in 1943 and granted tax-exempt status in 1949. The foundation operates as a 501(c)(3) organization with a mission to support nonprofit organizations serving the metropolitan Atlanta area.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$53.3M
-3.6% YoY
Annual Giving
$2.5M
+2.0% YoY
Grant Count
54
+1.9% YoY
Avg Grant Size
$47K
+0.1% YoY
Under IRS private-foundation payout rules, The Rich Foundation Inc reported a distributable amount of $2.3M for 2024 — the minimum it must pay out in qualifying distributions.
Mission & Focus Areas
The foundation's purpose is to benefit nonprofit organizations in the following fields:
- Arts
- Civic engagement
- Education
- Health
- Environment
- Social welfare
Grantmaking is concentrated in the metropolitan Atlanta area, specifically within Fulton and DeKalb counties.
Grantmaking
The foundation made 41 grants in 2024, with total giving of approximately $1.99 million to $2.5 million. Recent notable grants include:
Grant Range
s and Patterns:**
Average Grant
$47,000–$55,000
How to Apply
**
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Geographic Focus
Where this funder awards grants
The foundation primarily funds organizations in Georgia, with particular concentration in:
- Atlanta
- Fulton County
- DeKalb County
- Alpharetta
- Savannah
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
Assets and Revenue (2024):
- Total assets: $51.5 million–$53.3 million
- Total revenue: $621,239–$1.02 million
- Total expenses: $2.35 million–$2.98 million
- Total liabilities: $0
- Annual income: $22.9 million
Staffing:
- 1 employee (Executive Director)
Historical Asset Growth: Total assets have grown from $41.2 million in 2011 to $51.5 million in 2024.
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $53,256,149 | $55,223,424 | $56,551,559 |
| Revenue | $1,015,630 | $1,617,229 | $17,526,661 |
| Expenses | $2,982,905 | $2,945,364 | $2,680,472 |
| Qualifying Distributions | $2,828,656 | $2,778,866 | $2,289,098 |
| Net Investment Income | $1,019,847 | $1,469,798 | $17,360,643 |
| Distributable Amount | $2,293,544 | $2,311,103 | $2,499,488 |
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
183 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Robert W Woodruff Arts Center Inc ($150,000), Atlanta Community Food Bank ($105,000), Atlanta Speech School ($100,000).
| Recipient | Purpose | Amount |
|---|---|---|
| ATLANTA SPEECH SCHOOL ATLANTA, GA | FINAL PLEDGE | $100,000 |
| ATLANTA VOLUNTEER LAWYERS FOUNDATION ATLANTA, GA | EXIT GRANT | $25,000 |
| ANTI-DEFAMATION LEAGUE ATLANTA, GA | FINAL PLEDGE | $50,000 |
| ANTI-DEFAMATION LEAGUE ATLANTA, GA | GENERAL OPERATIONS | $7,500 |
| ATLANTA BASEBALL FOUNDATION ATLANTA, GA | GENERAL OPERATIONS | $2,500 |
| ATLANTA BOTANICAL GARDEN INC ATLANTA, GA | FIRST PAYMENT OF A TWO YEAR COMMITMENT | $100,000 |
| ATLANTA COMMUNITY FOOD BANK EAST POINT, GA | FIRST PAYMENT OF A TWO YEAR COMMITMENT PLUS DISCRETIONARY | $105,000 |
| ATLANTA EDUCATIONAL FOR WABE ATLANTA, GA | FINAL PLEDGE | $100,000 |
| ATLANTA JEWISH FILM SOCIETY INC ATLANTA, GA | FIRST PAYMENT OF A TWO YEAR COMMITMENT | $25,000 |
| ATLANTA MUSIC PROJECT ATLANTA, GA | GENERAL OPERATIONS | $25,000 |
Leadership & Key People
Leadership team and compensation from IRS filings
- John L. Montag – Chair
- Trudy B. Kremer – Vice Chair
- Dr. Juliet Asher Golden – Vice Chair/Secretary
- L. Anthony Montag – Treasurer
- Thomas J. Asher – Principal Officer
- David S. Baker – Trustee
- Deva A. Hirsch – Executive Director (compensated staff member, $169,395 annual salary)
The foundation is governed by 5 officers and trustees.
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| L ANTHONY MONTAG | TREASURER | 1 | — |
| DR JULIET ASHER GOLDEN | VICE CHAIR/SECRETARY | 0.5 | — |
| JOHN L MONTAG | CHAIR | 2 | — |
| TRUDY B KREMER | VICE CHAIR | 0.5 | — |
| DEVA A HIRSCH | EXECUTIVE DIRECTOR | 40 | $169,395 |
Contact Information
- Website: richfoundationatlanta.org
- Phone: 404-262-2266
- Email: info@therichsfoundation.org
- Address: 2870 Peachtree Road NW, Suite 1543, Atlanta, GA 30305-2918
- EIN: 58-6038037
Frequently Asked Questions
What does The Rich Foundation Inc fund?
The foundation's purpose is to benefit nonprofit organizations in the following fields: • Arts • Civic engagement • Education • Health • Environment • Social welfare Grantmaking is concentrated in the metropolitan Atlanta area, specifically within Fulton and DeKalb counties.
How do I apply for a grant from The Rich Foundation Inc?
**Grant Sizes and Patterns:** • Smallest grant: $5,000 • Median grant: $25,000–$50,000 • Average grant: $47,000–$55,000 • Largest grant: $216,000 • Typical award range: $2,500–$216,000 **Recent Grant Activity:** The foundation made 41 grants in 2024, with total giving of approximately $1.99 million to $2.5 million. Recent notable grants include: • Robert W Woodruff Arts Center: $150,000 (General Operations) • Piedmont Healthcare Foundation: $100,000 (Final Pledge) • Jewish Home Life Communities…
Where does The Rich Foundation Inc make grants?
The foundation primarily funds organizations in Georgia, with particular concentration in: • Atlanta • Fulton County • DeKalb County • Alpharetta • Savannah
What size grants does The Rich Foundation Inc award?
In 2024, The Rich Foundation Inc awarded 54 grants totaling $2.5M — an average of about $47K per grant, based on its IRS Form 990 filings.
How much is The Rich Foundation Inc required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, The Rich Foundation Inc reported a distributable amount of $2.3M on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is The Rich Foundation Inc's EIN?
The Rich Foundation Inc's EIN (Employer Identification Number) is 58-6038037. IRS Form 990 filing data is available on this page for 2021–2024.
Explore Open Grants
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Data last updated June 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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