The Richard Foundation
The Richard Foundation is a private foundation based in Orlando, Florida. It makes contributions to preselected charitable organizations and supports organizations whose charitable purposes range from education and community services to arts, animal care, and medical-debt relief.
The Richard Foundation at a glance
In short: The Richard Foundation gave $260K across 62 grants in 2024 (avg $4K), top state Florida. 27% of 2024 grantees were new. Source: 2024 IRS Form 990-PF.
- Annual giving (2024)
- $260,337
- +0.8% vs 2023
- Grants made (2024)
- 62
- +17.0% vs 2023
- Average grant
- $4,199
- -13.9% vs 2023
- Median grant
- $4,000
- Total assets
- $5,148,384
- +9.2% vs 2023
- New grantees (estimate)
- 27% first-time grantees (17 of 62, 2024)
- Primary geography
- Florida (28% of itemized 2024 grant dollars)
- Latest 990 filing
- Form 990-PF, 2024 View filing
Data from IRS Form 990-PF, 2024; updated October 2026. New grantees are estimated by matching recipient names across years (methodology).
How to apply to The Richard Foundation
- Accepts unsolicited proposals
- No
- Contact
Mailing address: 2929 Dorell Avenue, Orlando, FL 32814
Phone: (321) 217-8580
Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.
Who The Richard Foundation funds
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
The largest 2024 recipient was Planned Parenthood ($25K). Together the top 10 received $107K.
Grant Size Distribution
287 grants across all recorded years
The most common grant size was under $50K: 287 grants of 287 (100%).
Geographic Focus
Where this funder awards grants
The 2024 grant dollars were distributed across multiple states. Florida received 28%, followed by California at 11%, Maine at 10%, Kentucky at 9%, and New York at 8%.
Grant Distribution by State
Share of 2024 grant dollars across all 62 itemized grants.
States
Cities
Is The Richard Foundation open to new grantees?
27%
first-time grantees, 2024
In 2024, 17 of 62 grantees (27%) were first-time recipients. First grants averaged $3K; repeat grants $5K. How we count
Medians: $3K first-time, $5K repeat.
- 56% of 2024 grantees were also funded in 2023. Method
- Giving held roughly steady from 2021 to 2024 (−7%). Method
- In 2024 it paid out 101% of its IRS minimum distribution (the 5% rule). Method
Estimate from itemized grant lists in IRS Form 990-PF filings (2020–2024). 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 2024, annual grant giving ranged from $154K (2020) to $279K (2021). In 2024 it made 62 grants totaling $260K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Planned Parenthood Orlando, FL | To assist donee to achieve its charitable purpose | $25,000 |
| Bach Festival Society Winter Park, FL | Assist donee organization to achieve its charitable purpose | $10,000 |
| New Horizons Caregivers Group Hacienda Heights, CA | Assist donee organization to achieve its charitable purpose | $10,000 |
| York County Family Fund York Harbor, ME | Assist donee org to achieve charitable purpose | $10,000 |
| Lexington School Lexigton, KY | Assist donee to achieve charitable purpose | $10,000 |
| Middle Tennessee State Univ Murfreesboro, TN | Assist donee to achieve its charitable purpose | $10,000 |
| Undue Medical Debt Long Island City, NY | To assist donee in erasing financially burdensome medical debt | $10,000 |
| Berwick Academy South Berwick, ME | Assist donee organization to achieve its charitable purpose | $8,000 |
| Rollins College Orlando, FL | Assist donee organization to achieve its charitable purpose | $7,500 |
| The Satanic Temple Salem, MA | To assist donee in achieving its charitable purpose | $6,667 |
Ready to take the next step with The Richard 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 |
|---|---|---|---|---|---|---|---|---|
| 2024 | $5,148,384 | $757,654 | $325,702 | $260,337 | 62 | $267,837 | $695,843 | $266,233 |
| 2023 | $4,716,432 | $142,323 | $316,926 | $258,399 | 53 | $265,649 | $100,999 | $254,196 |
| 2022 | $4,891,035 | $320,504 | $323,949 | $260,091 | 69 | $266,841 | $263,516 | $261,023 |
| 2021 | $4,894,480 | $542,663 | $353,070 | $279,060 | 64 | $285,663 | $475,256 | $295,734 |
| 2020 | $4,704,887 | $218,980 | $223,654 | $154,311 | 39 | — | $162,187 | $254,583 |
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.
Research compiled by Grantable AI from public sources. Last updated September 2026.
Mission & Focus Areas
No mission statement for the foundation is provided. Its 2024 grants included educational institutions such as Lexington School, whose mission is to provide preschool-through-middle-school students with a high-quality education, and Berwick Academy, which says it promotes virtue and useful knowledge. Other grantees describe work serving low-income families: New Horizons Caregivers Group says it provides food and school supplies, while Winter Park Day Nursery says it provides affordable childcare and preschool education for children of lower-income working families. The foundation also supported organizations in areas including arts, animal care, and disability services.
Grantmaking
In 2024, the foundation gave $260,337 through 62 grants. Grant amounts ranged from $500 to $25,000, with a median grant of $4,000. Notable grants included $25,000 to Planned Parenthood in Orlando; $10,000 each to Bach Festival Society, New Horizons Caregivers Group, York County Family Fund, Lexington School, and several other organizations; and $7,500 to Rollins College.
The foundation states that it makes contributions only to preselected charitable organizations and does not accept unsolicited requests. Its filing lists no specified application form, no deadlines, and no restrictions on awards; it gives no contact for applying.
Leadership & Key People
Leadership team and compensation from IRS filings
The 2024 filing lists Zachary Richard as president and Virginia Susi as treasurer. It also lists Virginia Richard, Phyllis Fritts, Jeremy Wood Sr, Roy Stephens, James A Fritts, Garret Fritts, and Jeremy Wood Jr as vice presidents.
The Richard Foundation is led by Zachary Richard, President on every filing since 2020; none of the 9 officers listed in 2024 report compensation.
Officers on the 2024 filing
Zachary Richard
President
On filings since 2020
No compensation reported
Garret Fritts
Vice President
On filings since 2020
No compensation reported
James A Fritts
Vice President
On filings since 2020
No compensation reported
Jeremy Wood Jr.
Vice President
On filings since 2020
No compensation reported
Jeremy Wood Sr.
Vice President
On filings since 2020
No compensation reported
Phyllis Fritts
Vice President
On filings since 2020
No compensation reported
Roy Stephens
Vice President
On filings since 2020
No compensation reported
Virginia Richard
Vice President
Assistant Treasurer & Vice President → Vice President, 2022
On filings since 2020
No compensation reported
Virginia Susi
Treasurer
Treasurer & Vice President → Treasurer, 2023
On filings since 2020
2 hrs/week
No compensation reported
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.
Frequently asked questions about The Richard Foundation
How much does The Richard Foundation give each year?
The Richard Foundation gave $260K across 62 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $258K across 53 grants.
What is The Richard Foundation's typical grant size?
The Richard Foundation's median grant in 2024 was $4,000, and its average grant was $4,199, across 62 grants on its 2024 IRS Form 990-PF. Organizations receiving their first grant from The Richard Foundation that year got $3K on average.
Where does The Richard Foundation give grants?
The Richard Foundation's top state is Florida, with 28% of the grant dollars itemized on its 2024 IRS Form 990-PF. The next largest states were California (11%) and Maine (10%). The most frequent recipient cities were Lexington, KY (5 grants), Winter Park, FL (4 grants), New York, NY (4 grants) and Orlando, FL (3 grants).
Who are The Richard Foundation's largest grantees?
The Richard Foundation's largest 2024 grantees include Planned Parenthood ($25,000), Bach Festival Society ($10,000) and New Horizons Caregivers Group ($10,000), according to its 2024 IRS Form 990-PF. Together they received 17% of its itemized 2024 grant dollars.
How large is The Richard Foundation?
The Richard Foundation reported $5.1M in total assets on its 2024 IRS Form 990-PF. It paid out $268K in qualifying distributions that year, against a required minimum of $266K (roughly 5% of its investment assets).
What does The Richard Foundation fund?
No mission statement for the foundation is provided. See mission & focus areas ↑
How do I apply for a grant from The Richard Foundation?
The Richard Foundation does not accept unsolicited proposals, according to Grantable's research on its published guidelines.
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.
Does The Richard 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
(1)
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2024
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Cite this profile
Grantable. (2026). The Richard Foundation funder profile. GrantGraph. Retrieved October 11, 2026, from https://grantable.co/funders/the-richard-foundation-morg_6d751f4ef70949aba0da3dc5e1df8c91
BibTeX
@misc{grantable_136083721_2026,
author = {{Grantable}},
title = {{The Richard Foundation funder profile}},
howpublished = {GrantGraph},
year = {2026},
url = {https://grantable.co/funders/the-richard-foundation-morg_6d751f4ef70949aba0da3dc5e1df8c91},
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 Richard 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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