The Rich Foundation Inc
The Rich Foundation Inc is a private foundation based in Atlanta, Georgia. Its 2025 filing reports grants to organizations serving the Metro Atlanta area, including arts, food assistance, legal services, health, history, and programs for older adults and people with disabilities.
The Rich Foundation Inc at a glance
In short: The Rich Foundation Inc gave $2.1M across 37 grants in 2025 (avg $58K), mostly in Georgia. 39% of 2025 grantees were new. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $2,133,995
- +7.0% vs 2024
- Grants made (2025)
- 37
- +0.0% vs 2024
- Average grant
- $57,676
- +7.0% vs 2024
- Median grant
- $50,000
- Total assets
- $51,655,299
- +0.3% vs 2024
- New grantees (estimate)
- 39% first-time grantees (14 of 36, 2025)
- Primary geography
- Georgia (98% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990-PF, 2025 View filing
Data from IRS Form 990-PF, 2025; updated October 2026. New grantees are estimated by matching recipient names across years (methodology).
How to apply to The Rich Foundation Inc
- How to Apply
-
The filing lists a normal application, an autobiographical sketch, a list of other grants received, and estimated expenses as application materials. It states that giving is not restricted to preselected organizations and that contributions are directed to initiatives within the Metro Atlanta area.
- Review Cycle
- None listed.
- Deadline
- None listed.
- Contact
Application contact: John L Montag The Rich Foundation
Mailing address: 2870 Peachtree Rd 1543, Atlanta, GA 30305
Phone: (404) 262-2266
Email: info@therichsfoundation.org
Website: https://therichsfoundation.org
Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.
Who The Rich Foundation Inc funds
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2025
The largest 2025 recipient was Robert W Woodruff Arts Center Inc ($250K across 2 grants). Together the top 10 received $1.1M.
Grant Size Distribution
210 grants across all recorded years
The most common grant size was under $50K: 90 grants of 210 (43%).
Geographic Focus
Where this funder awards grants
The foundation states in its 2025 filing that its contributions are directed to initiatives within the Metro Atlanta area. In 2025, 98% of grant dollars went to recipients in Georgia, 1% to recipients in Washington, DC, and less than 1% to recipients in Florida.
Grant Distribution by State
Share of 2025 grant dollars across all 37 itemized grants.
Cities
Is The Rich Foundation Inc open to new grantees?
39%
first-time grantees, 2025
In 2025, 14 of 36 grantees (39%) were first-time recipients. First grants averaged $44K; repeat grants $69K. How we count
Medians: $40K first-time, $64K repeat.
- 50% of 2025 grantees were also funded in 2024. Method
- Giving held roughly steady from 2022 to 2025 (−6%). Method
- In 2025 it paid out 84% of its IRS minimum distribution (the 5% rule). Foundations have until the end of the next year to meet it. Method
Estimate from itemized grant lists in IRS Form 990-PF filings (2021–2025). Recipient names are matched across years, so a renamed or misspelled grantee can look new; grants to individuals are left out. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2021 to 2025, annual grant giving ranged from $2.0M (2024) to $2.5M (2023). In 2025 it made 37 grants totaling $2.1M.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Robert W Woodruff Arts Center Inc Atlanta, GA | General Operations | $150,000 |
| Atlanta Community Food Bank East Point, GA | General Operations Due to Snap Cuts | $100,000 |
| Atlanta Educational for Wabe Atlanta, GA | Second Payment of Two Pledge Commitment | $100,000 |
| Atlanta Historical Society Inc Atlanta, GA | Second Payment of a Three Pledge Commitment | $100,000 |
| Atlanta Jewish Film Society Inc Atlanta, GA | First payment of an initiative pledge of three payments. | $100,000 |
| Atlanta Volunteer Lawyers Foundation Atlanta, GA | General Operations | $100,000 |
| Camp Twin Lakes Atlanta, GA | General Operations | $100,000 |
| Children's Healthcare of Atlanta Foundation Atlanta, GA | General Operations | $100,000 |
| Grady Health Foundation Inc Atlanta, GA | General Operations | $100,000 |
| Jewish Home Life Communities Inc Atlanta, GA | Second Payment of a Two Pledge Commitment | $100,000 |
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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 | $51,655,299 | $2,530,609 | $2,398,136 | $2,133,995 | 37 | $2,270,854 | $2,403,327 | $2,716,940 |
| 2024 | $51,522,826 | $621,239 | $2,354,562 | $1,993,960 | 37 | $2,204,871 | $1,005,104 | $2,538,392 |
| 2023 | $55,223,424 | $1,617,229 | $2,945,364 | $2,485,805 | 53 | $2,778,866 | $1,469,798 | $2,311,103 |
| 2022 | $56,551,559 | $17,526,661 | $2,680,472 | $2,263,430 | 41 | $2,289,098 | $17,360,643 | $2,499,488 |
| 2021 | $41,705,370 | $2,185,301 | $2,629,383 | $2,315,930 | 42 | — | $1,898,331 | $2,277,111 |
Under IRS private-foundation payout rules, The Rich Foundation Inc reported a distributable amount of $2.7M for 2025 — the minimum it must pay out in qualifying distributions.
Research compiled by Grantable AI from public sources. Last updated October 2026.
Mission & Focus Areas
No foundation mission statement is provided. Its 2025 grants show support for organizations working in a range of areas. For example, the Robert W. Woodruff Arts Center describes its mission as supporting arts and education for diverse audiences; Atlanta Community Food Bank says it works to fight hunger; and Atlanta Volunteer Lawyers Foundation says it works to create safe and stable homes and families through equal justice. Camp Twin Lakes describes year-round programs for campers facing serious illness, disabilities, and other challenges, while Jewish Home Life Communities describes care and services for older adults and people with disabilities.
Grantmaking
In filing year 2025, the foundation made 37 grants totaling $2,133,995. Grants ranged from $5,000 to $150,000, with a median grant of $50,000. Among the largest grants were $150,000 to Robert W. Woodruff Arts Center for general operations and $100,000 each to Atlanta Community Food Bank, Atlanta Volunteer Lawyers Foundation, Camp Twin Lakes, Children’s Healthcare of Atlanta Foundation, Grady Health Foundation, and Youth Villages Foundation. The food bank grant was for general operations due to SNAP cuts; the others were designated for general operations. Other $100,000 grants included support for pledge commitments to Atlanta Educational for WABE, Atlanta Historical Society, Atlanta Jewish Film Society, and Jewish Home Life Communities.
Leadership & Key People
Leadership team and compensation from IRS filings
The 2025 filing lists L. Anthony Montag as treasurer, Dr. Juliet Asher Golden as vice chair/secretary, John L. Montag as chair, and Trudy B. Kremer as vice chair.
The Rich Foundation Inc is led by John L. Montag, Chair since 2023 (on filings since 2021); none of the 4 officers listed in 2025 report compensation.
Officers on the 2025 filing
John L. Montag
Chair
Trustee → Chair, 2023
On filings since 2021
2 hrs/week
$1K (2021) → $0 (2025)
Juliet Asher Golden
Vice Chair & Secretary
Secretary → Vice Chair & Secretary, 2023
On filings since 2021
0.5 hrs/week
$1K (2021) → $0 (2025)
L. Anthony Montag
Treasurer
On filings since 2021
1 hr/week
$1K (2021) → $0 (2025)
Trudy B. Kremer
Vice Chair
Trustee → Vice Chair, 2023
On filings since 2021
0.5 hrs/week
$1K (2021) → $0 (2025)
Former officers (2)
- Former: Deva A. Hirsch (2023–2024) — Executive Director
- Former: Thomas J. Asher (2021–2023) — President
Data from IRS Form 990 filings, 2021–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Compensation Overview
From 2024 IRS filing
The highest reported compensation on the 2024 filing was $108K, to Deva a Hirsch (Executive Director).
Frequently asked questions about The Rich Foundation Inc
How much does The Rich Foundation Inc give each year?
The Rich Foundation Inc gave $2.1M across 37 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $2.0M across 37 grants.
What is The Rich Foundation Inc's typical grant size?
The Rich Foundation Inc's median grant in 2025 was $50,000, and its average grant was $57,676, across 37 grants on its 2025 IRS Form 990-PF. Organizations receiving their first grant from The Rich Foundation Inc that year got $44K on average.
Where does The Rich Foundation Inc give grants?
The Rich Foundation Inc gives mostly in Georgia: 98% of the grant dollars itemized on its 2025 IRS Form 990-PF went to recipients there. The most frequent recipient cities were Atlanta, GA (32 grants).
Does The Rich Foundation Inc give general operating support?
Yes: 65% of The Rich Foundation Inc's 2025 grants with a stated purpose (24 of 37) were for general or operating support, per its 2025 IRS Form 990-PF.
Who are The Rich Foundation Inc's largest grantees?
The Rich Foundation Inc's largest 2025 grantees include Robert W Woodruff Arts Center Inc ($250,000 across 2 grants), Atlanta Community Food Bank ($100,000) and Atlanta Educational for Wabe ($100,000), according to its 2025 IRS Form 990-PF. Together they received 21% of its itemized 2025 grant dollars.
How large is The Rich Foundation Inc?
The Rich Foundation Inc reported $51.7M in total assets on its 2025 IRS Form 990-PF. It paid out $2.3M in qualifying distributions that year, against a required minimum of $2.7M (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.
What does The Rich Foundation Inc fund?
No foundation mission statement is provided. Its 2025 grants show support for organizations working in a range of areas. For example, the Robert W. See mission & focus areas ↑
How do I apply for a grant from The Rich Foundation Inc?
The filing lists a normal application, an autobiographical sketch, a list of other grants received, and estimated expenses as application materials. Eligibility and process details are in the grantmaking section of this profile. See how to apply ↑
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 2021–2025.
Data last updated October 2026. Sourced from IRS Form 990-PF filings. Research dossier generated October 2026.
Data update history
(3)
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2024 (received by the IRS November 12, 2025)
- Added Form 990-PF for fiscal year 2025 (received by the IRS August 18, 2026)
- IRS filings on file for fiscal years 2021–2024
Explore Open Grants
Browse active grant opportunities in The Rich Foundation Inc's focus areas in our free grants database
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Cite this profile
Grantable. (2026). The Rich Foundation Inc funder profile. GrantGraph. Retrieved October 15, 2026, from https://grantable.co/funders/the-rich-foundation-inc-morg_171b0337df4848f797cca6fbd87d9d3f
BibTeX
@misc{grantable_586038037_2026,
author = {{Grantable}},
title = {{The Rich Foundation Inc funder profile}},
howpublished = {GrantGraph},
year = {2026},
url = {https://grantable.co/funders/the-rich-foundation-inc-morg_171b0337df4848f797cca6fbd87d9d3f},
note = {Accessed 2026-10-15. Data licensed CC BY 4.0}
}The figures on this page are open data under CC BY 4.0: reuse them with credit to Grantable and a link. Download the data.
Figures come from The Rich Foundation Inc's IRS filings (methodology). AI-written summaries, news items and logos are not covered by the open licence. Spot an error? Email hello@grantable.co.
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