The Rich Foundation
The Rich Foundation is a private foundation based in Sugar Grove, Illinois. In its 2025 filing, it reported 55 grants totaling $642,468 to charitable organizations, with most grant dollars going to recipients in Illinois.
The Rich Foundation at a glance
In short: The Rich Foundation gave $642K across 55 grants in 2025 (avg $12K), mostly in Illinois. 45% of 2025 grantees were new. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $642,468
- +68.6% vs 2024
- Grants made (2025)
- 55
- +17.0% vs 2024
- Average grant
- $11,681
- +44.1% vs 2024
- Median grant
- $3,000
- Total assets
- $7,028,142
- +1.3% vs 2024
- New grantees (estimate)
- 45% first-time grantees (25 of 55, 2025)
- Primary geography
- Illinois (95% 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
- Accepts unsolicited proposals
- No
- How to Apply
-
The foundation states that it makes contributions only to preselected charitable organizations and does not accept unsolicited requests for funds.
- Contact
Mailing address: PO Box 369, Sugar Grove, IL 60554-0369
Phone: (630) 466-7610
Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.
Who The Rich Foundation funds
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2025
The largest 2025 recipient was Giant Steps ($182K). Together the top 10 received $474K.
Grant Size Distribution
223 grants across all recorded years
The most common grant size was under $50K: 213 grants of 223 (96%).
Geographic Focus
Where this funder awards grants
In 2025, 95% of grant dollars went to recipients in Illinois. The remaining reported shares were Texas (2%), Florida (2%), Iowa (1%), and Colorado (0%).
Grant Distribution by State
Share of 2025 grant dollars across all 55 itemized grants.
States
Cities
Is The Rich Foundation open to new grantees?
45%
first-time grantees, 2025
In 2025, 25 of 55 grantees (45%) were first-time recipients. First grants averaged $4K; repeat grants $18K. How we count
Medians: $3K first-time, $6K repeat.
- 42% of 2025 grantees were also funded in 2024. Method
- Giving grew 35% from 2022 to 2025. Method
- In 2025 it paid out 224% of its IRS minimum distribution (the 5% rule). Method
Estimate from itemized grant lists in IRS Form 990-PF filings (2020–2025). 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 2020 to 2025, annual grant giving ranged from $195K (2020) to $3.0M (2021). In 2025 it made 55 grants totaling $642K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Giant Steps Lisle, IL | Charitable to Support Organization's Mission | $182,214 |
| Northern Illinois University Dekalb, IL | Charitable to Support Organization's Mission | $111,449 |
| Depaul Athletics Chicago, IL | Charitable to Support Organization's Mission | $50,000 |
| Rush Copley Foundation Aurora, IL | Charitable to Support Organization's Mission | $30,730 |
| Boy Scouts of America St Charles, IL | Charitable to Support Organization's Mission | $28,500 |
| Big Rock Historical Society Big Rock, IL | Charitable to Support Organization's Mission | $25,000 |
| St Bede Academy Peru, IL | Charitable to Support Organization's Mission | $15,750 |
| Compassion Foundation Aurora, IL | Charitable to Support Organization's Mission | $10,000 |
| Loaves & Fishes Community Naperville, IL | Charitable to Support Organization's Mission | $10,000 |
| LPGA Foundation Daytona Beach, FL | Charitable to Support Organization's Mission | $10,000 |
Ready to take the next step with The Rich Foundation?
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 | $7,028,142 | $824,158 | $734,095 | $642,468 | 55 | $643,624 | $136,796 | $287,015 |
| 2024 | $6,938,079 | $795,075 | $433,565 | $380,983 | 47 | $382,292 | $765,259 | $271,729 |
| 2023 | $6,576,569 | $613,049 | $494,895 | $454,747 | 30 | $455,776 | $98,926 | $261,898 |
| 2022 | $6,458,415 | $-29,080 | $533,644 | $474,307 | 44 | $475,191 | $85,195 | $283,352 |
| 2021 | $7,021,139 | $826,288 | $3,001,465 | $2,951,881 | 47 | $2,952,600 | $787,634 | $412,828 |
| 2020 | $9,196,316 | $207,483 | $243,633 | $194,979 | 20 | — | $171,495 | $402,625 |
Under IRS private-foundation payout rules, The Rich Foundation reported a distributable amount of $287K for 2025 — the minimum it must pay out in qualifying distributions.
Research compiled by Grantable AI from public sources. Last updated September 2026.
Mission & Focus Areas
The available filing information does not state a specific mission for the foundation. Its 2025 grants went to organizations working in areas including healthcare, education, history, sports, community services, and support for people with intellectual or developmental disabilities.
The grantees describe their own work in varied ways. Rush Copley Foundation says it raises support for healthcare and community health; Big Rock Historical Society says it operates a museum and preserves and interprets materials of cultural and historical interest. Special Olympics Illinois describes providing year-round sports training and competition for people with intellectual disabilities. Clearbrook says it provides personalized support, including community programs, employment, residential care, and clinical services, for people with intellectual and developmental disabilities and their families.
Grantmaking
In 2025, the foundation reported 55 grants totaling $642,468. Grants ranged from $250 to $182,214, with a median grant of $3,000. The largest grants included $182,214 to Giant Steps, $111,449 to Northern Illinois University, $50,000 to DePaul Athletics, $30,730 to Rush Copley Foundation, and $28,500 to Boy Scouts of America. Other 2025 recipients included Big Rock Historical Society ($25,000), St. Bede Academy ($15,750), and Compassion Foundation, Loaves & Fishes Community, LPGA Foundation, Lynn Sage Breast Cancer Research, and NIU Foundation ($10,000 each).
Leadership & Key People
Leadership team and compensation from IRS filings
The 2025 filing lists Jerome Rich as president. Listed directors are Glenn Geist, Daniel Ustian, Myrna Kulp, Kay Upham, Michael Reschke, Howard Ecker, Andrew Rich, and Jesse Kulp. Jonathan Meagher is listed as secretary.
The Rich Foundation is led by Jerome Rich, President on every filing since 2020; none of the 11 officers listed in 2025 report compensation.
Officers on the 2025 filing
Jerome Rich
President
On filings since 2020
1 hr/week
No compensation reported
Glenn Geist
Director
On filings since 2020
0.5 hrs/week
No compensation reported
Andrew Rich
Director
On filings since 2024
0.5 hrs/week
No compensation reported
Daniel Ustian
Director
On filings since 2024
0.5 hrs/week
No compensation reported
Howard Ecker
Director
On filings since 2024
0.5 hrs/week
No compensation reported
Jesse Kulp
Director
On filings since 2024
0.5 hrs/week
No compensation reported
Kay Upham
Director
On filings since 2024
0.5 hrs/week
No compensation reported
Martin Kolinski
Director
On filings since 2024
0.5 hrs/week
No compensation reported
Michael Reschke
Director
On filings since 2024
0.5 hrs/week
No compensation reported
Myrna Kulp
Director
On filings since 2024
0.5 hrs/week
No compensation reported
Jonathan Meagher
Secretary
On filings since 2024
1 hr/week
No compensation reported
Former officers (2)
- Former: Dan Ustian (2020–2023) — Director
- Former: Jon Meagher (2020–2023) — Director
Data from IRS Form 990 filings, 2020–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Frequently asked questions about The Rich Foundation
How much does The Rich Foundation give each year?
The Rich Foundation gave $642K across 55 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $381K across 47 grants.
What is The Rich Foundation's typical grant size?
The Rich Foundation's median grant in 2025 was $3,000, and its average grant was $11,681, across 55 grants on its 2025 IRS Form 990-PF. Organizations receiving their first grant from The Rich Foundation that year got $4K on average.
Where does The Rich Foundation give grants?
The Rich Foundation gives mostly in Illinois: 95% of the grant dollars itemized on its 2025 IRS Form 990-PF went to recipients there. The most frequent recipient cities were Chicago, IL (10 grants), Aurora, IL (6 grants), Sugar Grove, IL (6 grants) and Lisle, IL (3 grants).
Does The Rich Foundation give general operating support?
Not in 2025: none of the 55 grants with a stated purpose on The Rich Foundation's 2025 IRS Form 990-PF were described as general or operating support. Recurring purposes include "Charitable to Support Organization's Mission" (55 grants).
Who are The Rich Foundation's largest grantees?
The Rich Foundation's largest 2025 grantees include Giant Steps ($182,214), Northern Illinois University ($111,449) and Depaul Athletics ($50,000), according to its 2025 IRS Form 990-PF. Together they received 53% of its itemized 2025 grant dollars.
How large is The Rich Foundation?
The Rich Foundation reported $7.0M in total assets on its 2025 IRS Form 990-PF. It paid out $644K in qualifying distributions that year, against a required minimum of $287K (roughly 5% of its investment assets).
What does The Rich Foundation fund?
The available filing information does not state a specific mission for the foundation. Its 2025 grants went to organizations working in areas including healthcare, education, history, sports, community services, and support for people with intellectual or developmental disabilities. See mission & focus areas ↑
How do I apply for a grant from The Rich Foundation?
The foundation states that it makes contributions only to preselected charitable organizations and does not accept unsolicited requests for funds. Eligibility and process details are in the grantmaking section of this profile. See how to apply ↑
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 2020–2025.
Does The Rich Foundation accept unsolicited proposals?
No, according to Grantable's research on the foundation's published guidelines. See how to apply ↑
Data last updated October 2026. Sourced from IRS Form 990-PF filings. Research dossier generated September 2026.
Data update history
(7)
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2020 (received by the IRS July 28, 2021)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS May 13, 2022)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS May 15, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS May 15, 2024)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS May 12, 2025)
- Added Form 990-PF for fiscal year 2025 (received by the IRS May 15, 2026)
- IRS filings on file for fiscal years 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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Cite this profile
Grantable. (2026). The Rich Foundation funder profile. GrantGraph. Retrieved October 11, 2026, from https://grantable.co/funders/the-rich-foundation-morg_1381578390f74038a2391fb58758a4f8
BibTeX
@misc{grantable_364348318_2026,
author = {{Grantable}},
title = {{The Rich Foundation funder profile}},
howpublished = {GrantGraph},
year = {2026},
url = {https://grantable.co/funders/the-rich-foundation-morg_1381578390f74038a2391fb58758a4f8},
note = {Accessed 2026-10-11. 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'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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