The Richard Foundation
The Richard Foundation is a private foundation established in 1948 and granted tax-exempt status in November 1949. Based in Orlando, Florida, the foundation operates as an independent grantmaking organization with the primary purpose of assisting donee organizations to achieve their charitable purposes.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$5.1M
+9.2% YoY
Annual Giving
$260K
+0.8% YoY
Grant Count
62
+17.0% YoY
Avg Grant Size
$4K
-13.9% YoY
Under IRS private-foundation payout rules, The Richard Foundation reported a distributable amount of $266K for 2024 — the minimum it must pay out in qualifying distributions.
Grantmaking
The Richard Foundation made 68 grants in 2024, with total giving of $260,337. Grant amounts typically range from $399 to $25,000.
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Geographic Focus
Where this funder awards grants
The foundation's grantmaking extends across multiple states, with documented giving in Florida, Kentucky, and California.
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
As of Fiscal Year 2024:
- Total Assets: $5,148,384
- Total Revenues: $757,654
- Total Expenses: $325,702
- Total Giving: $260,337
The foundation operates with no employees and maintains a lean operational structure focused on grantmaking activities.
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $5,148,384 | $4,716,432 | $4,891,035 |
| Revenue | $757,654 | $142,323 | $320,504 |
| Expenses | $325,702 | $316,926 | $323,949 |
| Qualifying Distributions | $267,837 | $265,649 | $266,841 |
| Net Investment Income | $695,843 | $100,999 | $263,516 |
| Distributable Amount | $266,233 | $254,196 | $261,023 |
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
239 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Planned Parenthood ($25,000), Bach Festival Society ($10,000), New Horizons Caregivers Group ($10,000).
| Recipient | Purpose | Amount |
|---|---|---|
| University of Virginia Health Fdn Charlottesville, VA | Assist donee organization to achieve its charitable purpose | $1,000 |
| Bach Festival Society Winter Park, FL | Assist donee organization to achieve its charitable purpose | $10,000 |
| Sweet Briar College Sweet Briar, VA | Assist donee organization to achieve its charitable purpose | $2,500 |
| Blue Grass Land Conservancy Lexington, KY | To assist donee organization to achieve its charitable purpose | $1,000 |
| Trinity Preparatory School Winter Park, FL | To assist donee organization to achieve its charitable purpose | $5,000 |
| Cleveland Clinic Indian River Hospl Vero Beach, FL | To assist donee organization to achieve its charitable purpose | $4,500 |
| New Horizons Caregivers Group Hacienda Heights, CA | Assist donee organization to achieve its charitable purpose | $10,000 |
| Sonoran Sounds Sun City West, AZ | Assist donee organization to achieve its charitable purpose | $5,000 |
| Wild Animal Sanctuary Kennesburg, CO | Assist donee organization to achieve its charitable purpose | $2,500 |
| Berwick Academy South Berwick, ME | Assist donee organization to achieve its charitable purpose | $8,000 |
Leadership & Key People
Leadership team and compensation from IRS filings
- Zachary Richard, President
- Virginia Susi, Treasurer & Vice President
- Virginia Richard, Vice President
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| Zachary Richard | President | — | — |
| Virginia Susi | Treasurer | 2 | — |
| Virginia Richard | Vice President | — | — |
| Phyllis Fritts | Vice President | — | — |
| Jeremy Wood Sr | Vice President | — | — |
| Roy Stephens | Vice President | — | — |
| James A Fritts | Vice President | — | — |
| Garret Fritts | Vice President | — | — |
| Jeremy Wood Jr | Vice President | — | — |
Contact Information
Address: 2929 Dorell Ave, Orlando, FL 32814-6758
Phone: 321-217-8580
EIN: 13-6083721
Frequently Asked Questions
How do I apply for a grant from The Richard Foundation?
The Richard Foundation made 68 grants in 2024, with total giving of $260,337. Grant amounts typically range from $399 to $25,000. Recent grantees include: • Bach Festival Society of Winter Park ($10,000) • Lexington School ($10,000) • York County Family Fund ($10,000) • Naval War College Foundation The foundation has historically supported organizations across multiple states, with particular activity in Florida, Kentucky, and California.
Where does The Richard Foundation make grants?
The foundation's grantmaking extends across multiple states, with documented giving in Florida, Kentucky, and California.
What size grants does The Richard Foundation award?
In 2024, The Richard Foundation awarded 62 grants totaling $260K — an average of about $4K per grant, based on its IRS Form 990 filings.
How much is The Richard Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, The Richard Foundation reported a distributable amount of $266K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is The Richard Foundation's EIN?
The Richard Foundation's EIN (Employer Identification Number) is 13-6083721. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in The Richard 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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