The Rich Foundation Inc

Foundation · Grantmaker ATLANTA, GA EIN: 58-6038037 Website

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.

Key facts about The Rich Foundation Inc

EIN: 58-6038037
Latest 990 filing: Form 990-PF, 2024
Annual giving (2024): $2,536,300
Grants made (2024): 54
Average grant: $46,969
Median grant: $50,000
Total assets: $53,256,149
Primary geography: Georgia (100% of itemized 2024 grant dollars)
How to apply: Grant requests require:. 1.

Data from IRS Form 990-PF, 2024; updated June 2026. Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.

Who The Rich Foundation Inc funds

By grant dollars, the top recipient states for The Rich Foundation Inc's 54 itemized 2024 grants were Georgia (100%). The most frequent recipient cities were Atlanta, GA (47 grants). 59% of grants with a stated purpose were for general or operating support. Recurring purposes include "First Payment of a Two Year Commitment" (8 grants) and "Final Pledge" (6 grants).

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

+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.

Research compiled by Grantable AI from public sources. Last updated April 2026.

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

Georgia $2.5M (100%)

Share of all 54 itemized 2024 grant dollars.

States

Georgia

Cities

AtlantaDecaturMariettaCollege ParkDunwoodyKennesawAlpharettaEast PointGreensboroLithoniaRoswellSavannahSmyrnaTucker

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.

Revenue

Expenses

Qualifying Distributions

Net Investment Income

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

190 grants across all recorded years

Giving History

Grant recipients and amounts by year

Among its reported 2024 grants, the largest recipients include Robert W Woodruff Arts Center Inc ($250,000 across 2 grants), Atlanta Community Food Bank ($105,000), Piedmont Healthcare Foundation ($102,500 across 2 grants).

Recipient	Purpose	Amount
ROBERT W WOODRUFF ARTS CENTER INC ATLANTA, GA	GENERAL OPERATIONS	$150,000
ATLANTA COMMUNITY FOOD BANK EAST POINT, GA	FIRST PAYMENT OF A TWO YEAR COMMITMENT PLUS DISCRETIONARY	$105,000
ATLANTA SPEECH SCHOOL ATLANTA, GA	FINAL PLEDGE	$100,000
ATLANTA BOTANICAL GARDEN INC ATLANTA, GA	FIRST PAYMENT OF A TWO YEAR COMMITMENT	$100,000
ATLANTA EDUCATIONAL FOR WABE ATLANTA, GA	FINAL PLEDGE	$100,000
CAMP TWIN LAKES ATLANTA, GA	GENERAL OPERATIONS	$100,000
GRADY HEALTH FOUNDATION ATLANTA, GA	GENERAL OPERATIONS	$100,000
NATIONAL CENTER FOR CIVIL & HUMAN RIGHTS ATLANTA, GA	FIRST PAYMENT OF A TWO YEAR COMMITMENT	$100,000
PIEDMONT HEALTHCARE FOUNDATION ATLANTA, GA	FINAL PLEDGE	$100,000
ROBERT W WOODRUFF ARTS CENTER INC ATLANTA, GA	FOR THE BENEFIT OF THE ALLIANCE THEATRE	$100,000

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.