The Richards Foundation

CARROLLTON, GA EIN: 58-1933598 Website

The Richards Foundation is a private foundation established in 1990 and located in Carrollton, Georgia. The organization is formally known as The Richards Foundation Inc., formerly known as the Roy Richards Jr. Fund for Charitable Giving. It holds 501(c)(3) tax-exempt status and has been tax-exempt since June 1991.

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$8.9M

-20.4% YoY

Annual Giving

$2.4M

+141.7% YoY

Grant Count

+12.5% YoY

Avg Grant Size

$135K

+114.9% YoY

Under IRS private-foundation payout rules, The Richards Foundation reported a distributable amount of $419K for 2024 — the minimum it must pay out in qualifying distributions.

Research compiled by Grantable AI from public sources. Last updated April 2026.

Grantmaking

The foundation is an active grantmaker with a demonstrated commitment to charitable giving. Recent grant activity includes:

Grant Range

s have ranged from approximately $38,000 (median) to $300,000 (maximum).

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Geographic Focus

Where this funder awards grants

The foundation supports organizations across multiple states, including South Carolina, Georgia, and other regions, indicating a broad geographic reach beyond its home state.

Grant Distribution by State

Georgia $2.1M (25%)

North Carolina $1.5M (18%)

South Carolina $1.4M (17%)

Virginia $900K (11%)

Colorado $602K (7%)

California $523K (6%)

Massachusetts $470K (6%)

District of Columbia $390K (5%)

+4 more states

States

California Colorado District of Columbia Georgia Massachusetts North Carolina New Hampshire New York South Carolina Virginia Washington Wisconsin

Cities

AppletonAshevilleAtlantaBostonBrunswickCarrolltonCharlestonCharlotteCharlottesvilleCollege ParkColumbiaDahlonegaDurhamEllijayEtnaFairfaxGrand JunctionLeadvilleManometMoncks Corner

Financial History

Multi-year comparison from IRS filings

As of Fiscal Year 2024:

Total Assets: $8,864,036
Total Revenues: $1,858,124
Total Expenses: $2,722,020
Investment Income and Dividends: $219,713

As of Fiscal Year 2023:

Total Assets: $11,137,037
Total Giving: $1,005,000
Total Revenues: $1,630,000
Total Expenses: $1,130,000
Total Liabilities: $0

The foundation has no employees and operates with volunteer leadership.

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2024	2023	2022
Total Assets	$8,864,036	$11,137,037	$9,307,943
Revenue	$1,858,124	$1,634,604	$348,097
Expenses	$2,722,020	$1,128,999	$1,036,201
Qualifying Distributions	$2,430,132	$1,009,005	$871,885
Net Investment Income	$1,510,559	$1,496,962	$208,664
Distributable Amount	$418,938	$456,407	$2,069,651

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

108 grants across all recorded years

Giving History

Grant recipients and amounts by year

Among its reported 2024 grants, the largest include Coastal Community Foundation ($505,000), Southern Appalachian Highlands Conservancy ($500,000), One Hundred Miles Inc ($300,000).

Recipient	Purpose	Amount
CARE ATLANTA, GA	DONATION	$100,000
COASTAL COMMUNITY FOUNDATION CHARLESTON, SC	CHARLOTTE MECKLINBURG FAMILY JUSTICE CENTER & SC POETRY SOCIETY	$505,000
COASTAL COMMUNITY FOUNDATION OF SOUTH CAROLINA NORTH CHARLESTON, SC	DONATION TO THE COMBAHEE RAID PROJECT FOR THE COMBAHEE RAID EXHIBIT	$1,000
COMMUNITY FOUNDATION OF WEST GEORGIA CARROLLTON, GA	LURLEEN HOLLAND MEMORIAL FUND FOR CHURCH IMPROVEMENT	$20,000
COVENANT PRESBYTERIAN CHURCH CHARLOTTE, NC	HURRICANE HELEN FLOOD RELIEF AVERY COUNTY	$100,000
CRISIS ASSISTANCE MINISTRY CHARLOTTE, NC	2024 DONATION	$1,000
DEPLOYUS INC BOSTON, MA	AMPLIFI STRATEGY	$100,000
HIGH MOUNTAIN INSTITUTE LEADVILLE, CO	EVERYONE SCHOLARSHIP ENDOWMENT	$25,000
HOPEWAY FOUNDATION CHARLOTTE, NC	DONATION	$25,000
MOUNTAINFILM TELLURIDE, CO	2024 DONATION	$500

Leadership & Key People

Leadership team and compensation from IRS filings

Roy Richards Jr.: Director (2 hours per week, no compensation listed)
Judy Windom: Secretary (10 hours per week, no compensation listed)

Compensation Overview

From 2024 IRS filing

From 2024 filing

Name	Title	Hours	Compensation
ROY RICHARDS JR	DIRECTOR	2	—
JUDY WINDOM	SECRETARY	10	—

Contact Information

Mailing Address: PO Box 2545 Carrollton, GA 30112-0047

Telephone: 678-890-1101

Frequently Asked Questions

How do I apply for a grant from The Richards Foundation?

The foundation is an active grantmaker with a demonstrated commitment to charitable giving. Recent grant activity includes: • **Coastal Community Foundation of South Carolina**: $505,000 (2024) for the Charlotte Mecklenburg Family Justice Center & SC Poetry Society • **Southern Appalachian Highlands Conservancy (SAHC)**: $500,000 (2024) for 50th Anniversary Campaign • **One Hundred Miles**: $300,000 (2024) • **University Of West Georgia Foundation Inc**: Grant recipient (2024) The foundation ma…

Where does The Richards Foundation make grants?

The foundation supports organizations across multiple states, including South Carolina, Georgia, and other regions, indicating a broad geographic reach beyond its home state.

What size grants does The Richards Foundation award?

In 2024, The Richards Foundation awarded 18 grants totaling $2.4M — an average of about $135K per grant, based on its IRS Form 990 filings.

How much is The Richards Foundation required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2024, The Richards Foundation reported a distributable amount of $419K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.