The Richards Family Foundation

Private foundation · Grantmaker Northbrook, IL EIN: 36-3701676

The Richards Family Foundation is a private foundation, based in Northbrook, IL. IRS filing data is available from 2020 through 2025. As of 2025, the organization holds $373K in total assets. In 2025, it awarded 1 grant totaling $6K. Net investment income was $60K.

Key facts about The Richards Family Foundation

In short: The Richards Family Foundation gave $6K across 1 grant in 2025 (avg $6K), mostly in Florida. Source: 2025 IRS Form 990-PF.

EIN
36-3701676
Latest 990 filing
Form 990-PF, 2025
Annual giving (2025)
$6,000
Grants made (2025)
1
Average grant
$6,000
Median grant
$6,000
Total assets
$373,320
Primary geography
Florida (100% of itemized 2025 grant dollars)

Data from IRS Form 990-PF, 2025; updated September 2026.

Financial Overview

From 2025 IRS Form 990-PF · View filing

Total Assets

$373K

+4.3% YoY

Annual Giving

$6K

-85.7% YoY

Grant Count

1

-88.9% YoY

Avg Grant Size

$6K

+28.6% YoY

Under IRS private-foundation payout rules, The Richards Family Foundation reported a distributable amount of $48K for 2025 — the minimum it must pay out in qualifying distributions.

How The Richards Family Foundation gives

  • Giving fell 85% from 2022 to 2025. Method
  • In 2025 it paid out 12% 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.

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

7states

Share of the 2025 grant dollars on its one itemized grant.

Cities

NilesBoca GrandeChautauquaChicagoWoosterWashingtonKeswickNarragansettWinnetkaGlenview

Giving Over Time

Total grant dollars and number of grants per year

$0$100K$200K$300K10 grants2020 9 grants2021 8 grants2022 8 grants2023 9 grants2024 1 grant2025

From 2020 to 2025, annual grant giving ranged from $6K (2025) to $247K (2020). In 2025 it made 1 grant totaling $6K.

Grant Insights

How this funder distributes its grants

Top Recipients

Top recipient in 2025

Boca Grande Health Clinic: $6KBoca Grande Health Clinic$6K

The largest 2025 recipient was Boca Grande Health Clinic ($6K).

Grant Size Distribution

35 grants across all recorded years

35<$50K$50–100K$100–250K$250–500K$500K–1M$1–5M$5M+

The most common grant size was under $50K: 35 grants of 35 (100%).

Giving History

Grant recipients and amounts by year

RecipientPurposeAmount
Boca Grande Health Clinic Boca Grande, FLUnrestricted$6,000

Financial History

Multi-year comparison from IRS filings

Revenue
Expenses
Qualifying Distributions
Net Investment Income
$0$100K$200K$300K2020 2021 2022 2023 2024 2025
Metric202520242023
Total Assets$373,320$357,914$352,991
Revenue$67,180$46,197$26,673
Expenses$13,908$47,984$46,870
Qualifying Distributions$6,000$42,000$39,500
Net Investment Income$59,966$40,481$19,303
Distributable Amount$48,451$40,715$37,526

Data update history

When this profile's IRS filing data changed on Grantable

  1. Updated Form 990-PF for fiscal year 2020 (received by the IRS June 17, 2021)
  2. Updated Form 990-PF for fiscal year 2021 (received by the IRS September 15, 2022)
  3. Updated Form 990-PF for fiscal year 2022 (received by the IRS August 10, 2023)
  4. Updated Form 990-PF for fiscal year 2023 (received by the IRS July 2, 2024)
  5. Updated Form 990-PF for fiscal year 2024 (received by the IRS May 15, 2025)
  6. Added Form 990-PF for fiscal year 2025 (received by the IRS May 15, 2026)
  7. IRS filings on file for fiscal years 2020–2024

Leadership & Key People

Officers and directors from IRS filings

The Richards Family Foundation is led by Christopher Richards, President since 2021 (on filings since 2020); none of the 3 officers listed in 2025 report compensation.

Officers on the 2025 filing

  • Christopher Richards

    President

    Director → President, 2021

    On filings since 2020

    5 hrs/week

    No compensation reported

  • Doris Richards

    Director

    On filings since 2020

    1 hr/week

    No compensation reported

  • Elizabeth Hayward

    Director

    On filings since 2020

    1 hr/week

    No compensation reported

Former officers (1)
  • Former: Bartlett Richards (2020) — President

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 Richards Family Foundation

How much does The Richards Family Foundation give each year?

The Richards Family Foundation gave $6K across 1 grant in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $42K across 9 grants.

How large is The Richards Family Foundation?

The Richards Family Foundation reported $373K in total assets on its 2025 IRS Form 990-PF. It paid out $6K in qualifying distributions that year, against a required minimum of $48K (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 Richards Family Foundation operate?

The Richards Family Foundation has awarded grants in District of Columbia, Florida, Illinois, New York, Ohio, Rhode Island, Virginia.

What is The Richards Family Foundation's EIN?

The Richards Family Foundation's EIN (Employer Identification Number) is 36-3701676. IRS Form 990 filing data is available on this page for 2020–2025.

Data last updated September 2026. Sourced from IRS Form 990-PF filings.

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