The Rich Foundation is a private foundation based in Sugar Grove, Illinois. Established in 2000, the foundation uses proceeds from its investment account to fund charitable organizations aligned with its philanthropic mission.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
—
Annual Giving
$381K
-16.2% YoY
Grant Count
47
+56.7% YoY
Avg Grant Size
$8K
-46.5% YoY
Mission & Focus Areas
The foundation's primary purpose is to use investment account sale proceeds to support charitable organizations. The foundation funds work across Education, Philanthropy, Voluntarism & Grantmaking, and Human Services, with a geographic focus primarily in Illinois, California, and Texas.
Grantmaking
The foundation made 20 grants in its most recent fiscal year. Grant amounts typically range from $300 to $163,121, with recent notable grants including:
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Geographic Focus
Where this funder awards grants
The foundation funds projects across various U.S. cities and states, with primary focus in Illinois, California, and Texas. Grant recipients have included organizations in major cities such as Chicago, Dallas, and New York, as well as smaller communities.
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
As of fiscal year 2024:
- Total assets: $6,938,079
- Total revenues: $795,075
- Total expenses: $433,565
- Number of employees: 0
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | — | — | — |
| Revenue | — | — | — |
| Expenses | — | — | — |
| Qualifying Distributions | — | — | — |
| Net Investment Income | — | — | — |
| Distributable Amount | — | — | — |
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
188 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Northern Illinois University ($90,194), Giant Steps ($35,617), St Bede Academy ($32,400).
| Recipient | Purpose | Amount |
|---|---|---|
| AMERICAN CANCER SOCIETY CHICAGO, IL | CHARITABLE TO SUPPORT ORGANIZATION'S MISSION | $20,000 |
| AMERICANS UNITED WASHINGTON, DC | CHARITABLE TO SUPPORT ORGANIZATION'S MISSION | $1,000 |
| AMERICAN BRAIN TUMOR ASSOC CHICAGO, IL | CHARITABLE TO SUPPORT ORGANIZATION'S MISSION | $2,500 |
| ANDERSON HUMANE SOUTH ELGIN, IL | CHARITABLE TO SUPPORT ORGANIZATION'S MISSION | $1,000 |
| AURORA FOOD PANTRY AURORA, IL | CHARITABLE TO SUPPORT ORGANIZATION'S MISSION | $1,000 |
| BARTLETT LEARNING CENTER WHEATON, IL | CHARITABLE TO SUPPORT ORGANIZATION'S MISSION | $1,000 |
| BIG ROCK PLOWING MATH ASSOCIATION BIG ROCK, IL | CHARITABLE TO SUPPORT ORGANIZATION'S MISSION | $600 |
| BOY SCOUTS OF AMERICA ST CHARLES, IL | CHARITABLE TO SUPPORT ORGANIZATION'S MISSION | $18,500 |
| CASA KANE COUNTY GENEVA, IL | CHARITABLE TO SUPPORT ORGANIZATION'S MISSION | $5,000 |
| CLEARBROOK ARLINGTON HEIGHTS, IL | CHARITABLE TO SUPPORT ORGANIZATION'S MISSION | $1,500 |
Leadership & Key People
Leadership team and compensation from IRS filings
Jerome Rich serves as President of the foundation. The board includes directors Glenn Geist and Dan Ustian.
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| JEROME RICH | PRESIDENT | 1 | — |
| GLENN GEIST | DIRECTOR | 0.5 | — |
| DANIEL USTIAN | DIRECTOR | 0.5 | — |
| JONATHAN MEAGHER | SECRETARY | 1 | — |
| MYRNA KULP | DIRECTOR | 0.5 | — |
| KAY UPHAM | DIRECTOR | 0.5 | — |
| MICHAEL RESCHKE | DIRECTOR | 0.5 | — |
| HOWARD ECKER | DIRECTOR | 0.5 | — |
| ANDREW RICH | DIRECTOR | 0.5 | — |
| JESSE KULP | DIRECTOR | 0.5 | — |
| MARTIN KOLINSKI | DIRECTOR | 0.5 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What does The Rich Foundation fund?
The foundation's primary purpose is to use investment account sale proceeds to support charitable organizations. The foundation funds work across Education, Philanthropy, Voluntarism & Grantmaking, and Human Services, with a geographic focus primarily in Illinois, California, and Texas.
How do I apply for a grant from The Rich Foundation?
The foundation made 20 grants in its most recent fiscal year. Grant amounts typically range from $300 to $163,121, with recent notable grants including: • Giant Steps: $35,617 • Rush Copley Foundation: $28,990 • Fresh Start Surgical Gifts: $20,000 Total giving in the most recent fiscal year was $380,983.
Where does The Rich Foundation make grants?
The foundation funds projects across various U.S. cities and states, with primary focus in Illinois, California, and Texas. Grant recipients have included organizations in major cities such as Chicago, Dallas, and New York, as well as smaller communities.
What size grants does The Rich Foundation award?
In 2024, The Rich Foundation awarded 47 grants totaling $381K — an average of about $8K per grant, based on its IRS Form 990 filings.
What is The Rich Foundation's EIN?
The Rich Foundation's EIN (Employer Identification Number) is 36-4348318. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in The Rich Foundation's focus areas in our free grants database
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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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