The Richman Foundation Inc
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.
Key facts about The Richman Foundation Inc
- EIN
- 87-4560827
- Latest 990 filing
- Form 990-PF, 2024
- Annual giving (2024)
- $120,750
- Grants made (2024)
- 12
- Average grant
- $10,063
- Median grant
- $6,375
- New grantees (estimate)
- 33% first-time grantees (4 of 12, 2024)
- Total assets
- $28,976,907
- Primary geography
- Maryland (79% of itemized 2024 grant dollars)
- How to apply
- The foundation accepts applications. Full details ↓
Data from IRS Form 990-PF, 2024; updated September 2026. New grantees are estimated by matching recipient names across years (methodology). Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.
Who The Richman Foundation Inc funds
By grant dollars, the top recipient states for The Richman Foundation Inc's 12 itemized 2024 grants were Maryland (79%), New York (6%) and District of Columbia (6%). The most frequent recipient cities were Baltimore, MD (6 grants) and Washington, DC (2 grants). 83% of grants with a stated purpose were for general or operating support.
Is The Richman Foundation Inc open to new grantees?
33%
first-time grantees, 2024
In 2024, 4 of 12 grantees (33%) were first-time recipients. First grants averaged $9K; repeat grants $10K. How we count
Medians: $5K first-time, $8K repeat.
- 58% of 2024 grantees were also funded in 2023. Method
- In 2024 it paid out 51% of its IRS minimum distribution (the 5% rule). Foundations have until the end of the next year to meet it. Method
Estimate from itemized IRS Form 990-PF grant lists (2022–2024). Recipient names are matched across years, so a renamed or misspelled grantee can look new; grants to individuals are left out. Methodology.
Next steps with The Richman Foundation Inc
- How to evaluate The Richman Foundation Inc as a funder
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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
12
-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.
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
Grant Range
s:**
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
Share of all 12 itemized 2024 grant dollars.
Cities
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)
| 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 |
Data update history
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2022–2024
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 recipients include Squashwise ($25,000), The Family Tree ($25,000), Parks and People Foundation ($22,500).
| Recipient | Purpose | Amount |
|---|---|---|
| SQUASHWISE Baltimore, MD | OPERATING SUPPORT | $25,000 |
| THE FAMILY TREE Baltimore, MD | UNRESTRICTED | $25,000 |
| PARKS AND PEOPLE FOUNDATION Baltimore, MD | LIBERTY PLAYGROUND PHASE II | $22,500 |
| BRIGID ALLIANCE New York, NY | UNRESTRICTED | $7,500 |
| FUND FOR EDUCATIONAL EXCELLENCE Baltimore, MD | SUMMER FUNDING COLLABORATIVE | $7,500 |
| MOUNT ST JOSEPH Baltimore, MD | OPERATING SUPPORT | $7,500 |
| FLIGHT PATH - SPARK OF SCIENCE Omaha, NE | UNRESTRICTED | $5,250 |
| CHESTER COUNTY FUTURES Coatesville, PA | OPERATING SUPPORT | $5,000 |
| OLDFIELDS SCHOOL Sparks Glencoe, MD | UNRESTRICTED | $5,000 |
| 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 IRS 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
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?
The foundation accepts applications. Eligibility and process details are in the grantmaking section of this profile. See how to apply ↑
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.
What is The Richman Foundation Inc's EIN?
The Richman Foundation Inc's EIN (Employer Identification Number) is 87-4560827. IRS Form 990 filing data is available on this page for 2022–2024.
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Data last updated September 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.