The Richard Eaton Foundation
The Richard Eaton Foundation is a private foundation, based in Gaithersburg, MD. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $19.6M in total assets. In 2024, it awarded 1 grant totaling $805K. Net investment income was $1.1M.
The Richard Eaton Foundation at a glance
In short: The Richard Eaton Foundation gave $805K across 1 grant in 2024 (avg $805K), mostly in District of Columbia. Source: 2024 IRS Form 990-PF.
- Annual giving (2024)
- $805,000
- -4.7% vs 2023
- Grants made (2024)
- 1
- +0.0% vs 2023
- Average grant
- $805,000
- -4.7% vs 2023
- Median grant
- $805,000
- Total assets
- $19,570,170
- +6.1% vs 2023
- Primary geography
- District of Columbia (100% of itemized 2024 grant dollars)
- Latest 990 filing
- Form 990-PF, 2024 View filing
Data from IRS Form 990-PF, 2024; updated September 2026.
Who The Richard Eaton Foundation funds
How this funder distributes its grants
Grant Size Distribution
5 grants across all recorded years
The most common grant size was in the $500K–1M range: 5 grants of 5 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of the 2024 grant dollars on its one itemized grant.
States
Cities
How The Richard Eaton Foundation gives
- Giving held roughly steady from 2021 to 2024 (+10%). Method
- In 2024 it paid out 95% of its IRS minimum distribution (the 5% rule). Foundations have until the end of the next year to meet it. Method
From the foundation's IRS Form 990-PF filings. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2024, annual grant giving ranged from $720K (2020) to $915K (2022). In 2024 it made 1 grant totaling $805K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| See Schedule Attached Washington, DC | See Schedule Attached. | $805,000 |
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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 |
|---|---|---|---|---|---|---|---|---|
| 2024 | $19,570,170 | $1,267,028 | $1,104,388 | $805,000 | 1 | $899,159 | $1,080,799 | $943,676 |
| 2023 | $18,446,850 | $1,249,594 | $1,076,136 | $845,000 | 1 | $916,129 | $1,095,087 | $874,069 |
| 2022 | $17,520,416 | $602,118 | $1,153,611 | $915,000 | 1 | $989,213 | $451,473 | $921,187 |
| 2021 | $21,046,050 | $1,161,998 | $976,013 | $730,000 | 1 | $806,576 | $992,561 | $962,925 |
| 2020 | $18,467,236 | $560,148 | $981,712 | $720,000 | 1 | — | $396,829 | $833,591 |
Under IRS private-foundation payout rules, The Richard Eaton Foundation reported a distributable amount of $944K for 2024 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
The Richard Eaton Foundation's 2024 filing lists 4 officers; all 4 officers listed in 2024 are compensated.
Officers on the 2024 filing
Gerald J. Hroblak
Trustee
On filings since 2020
$30K (2020) → $30K (2024)
Grover B. Russell
Trustee
On filings since 2020
$15K (2020) → $15K (2024)
Neil E. Johnson
Trustee
On filings since 2020
$15K (2020) → $15K (2024)
Kevin G. Hroblak
Trustee
On filings since 2021
$11K (2021) → $15K (2024)
Former officers (1)
- Former: John V. Pollock (2020–2021) — Trustee
Data from IRS Form 990 filings, 2020–2024. "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 $30K, to Gerald J Hroblak (Trustee). 4 officers or directors reported compensation on that filing.
Frequently asked questions about The Richard Eaton Foundation
How much does The Richard Eaton Foundation give each year?
The Richard Eaton Foundation gave $805K across 1 grant in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $845K across 1 grant.
How large is The Richard Eaton Foundation?
The Richard Eaton Foundation reported $19.6M in total assets on its 2024 IRS Form 990-PF. It paid out $899K in qualifying distributions that year, against a required minimum of $944K (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.
Where does The Richard Eaton Foundation operate?
The Richard Eaton Foundation has awarded grants in District of Columbia, Maryland.
What is The Richard Eaton Foundation's EIN?
The Richard Eaton Foundation's EIN (Employer Identification Number) is 52-6040787. IRS Form 990 filing data is available on this page for 2020–2024.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(1)
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2024
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