The Richman Foundation Inc logo

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

12

-71.4% YoY

Avg Grant Size

$10K

-76.2% YoY

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

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

8states

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
$0$9M$17M$26M$35M202220232024
Metric202420232022
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

$0$445K$889K$1M$2M20 grants202242 grants202312 grants2024

Grant Insights

How this funder distributes its grants

Top Recipients

Top 10 recipients in 2024

SQUASHWISE$25KTHE FAMILY TREE$25KPARKS AND PEOPLE FOUNDAT…$23KBRIGID ALLIANCE$8KFUND FOR EDUCATIONAL EXC…$8KMOUNT ST JOSEPH$8KFLIGHT PATH - SPARK OF S…$5KCHESTER COUNTY FUTURES$5KOLDFIELDS SCHOOL$5KSMITHSONIAN NMAAHC$5K

Grant Size Distribution

74 grants across all recorded years

58<$50K6$50–100K8$100–250K2$250–500K$500K–1M$1–5M$5M+

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

KRISTEN S KINKOPFSECRETARY$160K

From 2024 filing

NameTitleHoursCompensation
ARNOLD RICHMANPRESIDENT / DIRECTOR2
DANIEL W GEARYTREASURER1
KRISTEN S KINKOPFSECRETARY40$159,923

Subject Areas

Focus areas based on grantmaking activity

Related Funders

Similar funders by location and focus area

Data last updated April 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.

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