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
No grants recorded for .
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
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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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