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.
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
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
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
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 |
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
No grants recorded for .
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
Related Funders
Similar funders by location and focus area
Rotary Club of Columbia Patuxent
COLUMBIA, MD
Assets
$376K
Grants
1
Total Given
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American Federation for Children Growth
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Assets
$9.4M
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11
Total Given
$2.4M
Mayfield Scholastic Ltd
BALTIMORE, MD
Assets
—
Grants
1
Total Given
$38K
Baltimore Curriculum Project Inc
BALTIMORE, MD
Assets
$17.3M
Grants
6
Total Given
$2.7M
Government Employees' Benefit
HANOVER, MD
Assets
$3K
Grants
43
Total Given
$108K
Charles F and Margaret Mh Obrecht
BALTIMORE, MD
Assets
$1.2M
Grants
79
Total Given
$131K
Data last updated April 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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