The Richards Family Foundation
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.
The Richards Family Foundation at a glance
In short: The Richards Family Foundation gave $6K across 1 grant in 2025 (avg $6K), mostly in Florida. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $6,000
- -85.7% vs 2024
- Grants made (2025)
- 1
- -88.9% vs 2024
- Average grant
- $6,000
- +28.6% vs 2024
- Median grant
- $6,000
- Total assets
- $373,320
- +4.3% vs 2024
- Primary geography
- Florida (100% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990-PF, 2025 View filing
Data from IRS Form 990-PF, 2025; updated September 2026.
Who The Richards Family Foundation funds
How this funder distributes its grants
Top Recipients
Top recipient in 2025
The largest 2025 recipient was Boca Grande Health Clinic ($6K).
Grant Size Distribution
35 grants across all recorded years
The most common grant size was under $50K: 35 grants of 35 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of the 2025 grant dollars on its one itemized grant.
Cities
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.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2025, annual grant giving ranged from $6K (2025) to $247K (2020). In 2025 it made 1 grant totaling $6K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Boca Grande Health Clinic Boca Grande, FL | Unrestricted | $6,000 |
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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 |
|---|---|---|---|---|---|---|---|---|
| 2025 | $373,320 | $67,180 | $13,908 | $6,000 | 1 | $6,000 | $59,966 | $48,451 |
| 2024 | $357,914 | $46,197 | $47,984 | $42,000 | 9 | $42,000 | $40,481 | $40,715 |
| 2023 | $352,991 | $26,673 | $46,870 | $39,500 | 8 | $39,500 | $19,303 | $37,526 |
| 2022 | $369,328 | $80,476 | $48,546 | $40,500 | 8 | $40,500 | $72,430 | $39,905 |
| 2021 | $331,704 | $7,263 | $45,623 | $39,500 | 9 | $39,515 | $16,201 | $39,670 |
| 2020 | $365,035 | $22,003 | $249,520 | $247,000 | 10 | — | $19,583 | $34,186 |
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.
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.
Data update history
(7)
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2020 (received by the IRS June 17, 2021)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS September 15, 2022)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS August 10, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS July 2, 2024)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS May 15, 2025)
- Added Form 990-PF for fiscal year 2025 (received by the IRS May 15, 2026)
- IRS filings on file for fiscal years 2020–2024
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