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
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
No grants recorded for .
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
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Data last updated April 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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