The Richman Foundation Inc

BALTIMORE, MD EIN: 87-4560827 Website

The Richman Foundation Inc is a private independent foundation based in Baltimore, Maryland, established in 2022. Designated as a 501(c)(3) organization, the foundation focuses on strengthening the Baltimore community through philanthropic support of services and programs that create opportunities for individuals, especially children, to grow, prosper, and lead meaningful lives in safe and healthy environments.

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$29.0M

+222.8% YoY

Annual Giving

$121K

-93.2% YoY

Grant Count

-71.4% YoY

Avg Grant Size

$10K

-76.2% YoY

Under IRS private-foundation payout rules, The Richman Foundation Inc reported a distributable amount of $718K for 2024 — the minimum it must pay out in qualifying distributions.

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

Mission & Focus Areas

Mission Statement: The foundation supports services and programs that strengthen the Baltimore community and that create opportunities for individuals, especially children, to grow, prosper, and lead meaningful lives in a safe and healthy environment.

Core Values:

Working to "Repair the World" — supporting the Jewish tradition of responsibility to repair the world through the foundation's behavior and actions
Providing Equal Opportunity for All — committed to supporting efforts that help individuals grow, prosper, and live in peaceful and healthy communities
Demonstrating Compassion — acting with care and concern for others
In Pursuit of Justice — considering justice in decision-making and supporting what is fair and morally right
Making a Meaningful Impact — focusing on achieving results and measurable impact in all giving

Primary Funding Areas:

Early Learning and Family Supports — Programs that nurture and strengthen parents and young families; early learning programs providing high-quality learning environments for children ages 0-5 with emphasis on literacy
Education — Programs prioritizing parent and caregiver engagement; programs preparing motivated students for college and careers; programs with demonstrated success in increasing student literacy, math skills, and overall academic achievement for kindergarten through grade 12 students; limited support for individual schools
Mental Health and Health Care — Programs supporting maternal prenatal, perinatal, and postpartum health and mental health; mental health supports for young people from kindergarten through early careers; health and mental health services for children ages 0-5 with focus on reducing toxic stress and trauma
Jewish Causes — Support for works inspired by Jewish faith tradition and its values, with primary focus on Baltimore community

Grantmaking

The foundation accepts applications.

Grant Range

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How to Apply

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Geographic Focus

Where this funder awards grants

The foundation primarily funds organizations in Maryland, with some consideration for the District of Columbia and Pennsylvania. The primary geographic focus is the Baltimore community.

Grant Distribution by State

Maryland $2.9M (94%)

District of Columbia $69K (2%)

Massachusetts $60K (2%)

New Hampshire $28K (1%)

New York $18K (1%)

Pennsylvania $18K (1%)

Nebraska $5K (0%)

Virginia $1K (0%)

States

District of Columbia Massachusetts Maryland Nebraska New Hampshire New York Pennsylvania Virginia

Cities

AnnapolisBaltimoreBostonChelseaCoatesvilleCollege ParkEtnaForestvilleFredricksburgNew YorkOmahaRockvilleSparks GlencoeTowsonWashington

Financial History

Multi-year comparison from IRS filings

As of 2024:

Total Assets: $29,000,000
Revenue: $31,389,116
Expenses: $564,879
Net Income: $30,824,237
Total Liabilities: $0

As of 2023:

Total Assets: $8,975,723
Total Revenues: $9,933,546
Total Expenses: $2,058,661
Total Giving: $1,778,081

Giving Rate: Approximately 19.8% of assets (2023)

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2024	2023	2022
Total Assets	$28,976,907	$8,975,723	$3,664,907
Revenue	$31,389,116	$9,933,546	$6,363,176
Expenses	$564,879	$2,058,661	$1,456,131
Qualifying Distributions	$368,888	$2,007,413	$1,456,131
Net Investment Income	$10,200,390	$2,655,621	$1,256,836
Distributable Amount	$717,590	$352,370	$54,461

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

74 grants across all recorded years

Giving History

Grant recipients and amounts by year

Among its reported 2024 grants, the largest include Squashwise ($25,000), The Family Tree ($25,000), Parks and People Foundation ($22,500).

Recipient	Purpose	Amount
BRIGID ALLIANCE NEW YORK, NY	UNRESTRICTED	$7,500
CHESTER COUNTY FUTURES COATESVILLE, PA	OPERATING SUPPORT	$5,000
EDUCARE DC WASHINGTON, DC	OPERATING SUPPORT	$2,500
FLIGHT PATH - SPARK OF SCIENCE OMAHA, NE	UNRESTRICTED	$5,250
FUND FOR EDUCATIONAL EXCELLENCE BALTIMORE, MD	SUMMER FUNDING COLLABORATIVE	$7,500
MARYLAND PHILANTHROPY NETWORK BALTIMORE, MD	OPERATING SUPPORT	$3,000
MOUNT ST JOSEPH BALTIMORE, MD	OPERATING SUPPORT	$7,500
OLDFIELDS SCHOOL SPARKS GLENCOE, MD	UNRESTRICTED	$5,000
PARKS AND PEOPLE FOUNDATION BALTIMORE, MD	LIBERTY PLAYGROUND PHASE II	$22,500
SMITHSONIAN NMAAHC WASHINGTON, DC	UNRESTRICTED	$5,000

Leadership & Key People

Leadership team and compensation from IRS filings

Arnold Richman — President/Director

The foundation was established by Arnie and Alison Richman, who learned the importance of philanthropy at an early age from their parents and grandparents. Arnie spent 25 years as a partner of Meridian Healthcare, a privately held company that developed and managed healthcare services.

Compensation Overview

From 2024 IRS filing

From 2024 filing

Name	Title	Hours	Compensation
ARNOLD RICHMAN	PRESIDENT / DIRECTOR	2	—
DANIEL W GEARY	TREASURER	1	—
KRISTEN S KINKOPF	SECRETARY	40	$159,923

Subject Areas

Focus areas based on grantmaking activity

Philanthropy, Voluntarism & Grantmaking

Frequently Asked Questions

What does The Richman Foundation Inc fund?

**Mission Statement:** The foundation supports services and programs that strengthen the Baltimore community and that create opportunities for individuals, especially children, to grow, prosper, and lead meaningful lives in a safe and healthy environment. **Core Values:** • Working to "Repair the World" — supporting the Jewish tradition of responsibility to repair the world through the foundation's behavior and actions • Providing Equal Opportunity for All — committed to supporting efforts that…

How do I apply for a grant from The Richman Foundation Inc?

**Grant Activity:** • 2024: Total giving of $120,750 • 2023: Total giving of $1,778,081 through 42 grants • 2022: Total giving of $1,200,000 through 20 grants **Grant Sizes:** • Typical award range: $1,000–$300,000 • 2023 median grant: $15,000 • 2022 median grant: $32,000 **Application Process:** The foundation accepts applications. **Recent Grantees (2023):** • Mercy Health Foundation — $300,000 (Operating Support) • Fund for Educational Excellence — $115,200 (Operating Support) • Baltimore Sy…

Where does The Richman Foundation Inc make grants?

The foundation primarily funds organizations in Maryland, with some consideration for the District of Columbia and Pennsylvania. The primary geographic focus is the Baltimore community.

What size grants does The Richman Foundation Inc award?

In 2024, The Richman Foundation Inc awarded 12 grants totaling $121K — an average of about $10K per grant, based on its IRS Form 990 filings.

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

Private foundations must generally distribute about 5% of their assets annually. For 2024, The Richman Foundation Inc reported a distributable amount of $718K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.