The Richman Foundation Inc
The Richman Foundation Inc is a private foundation based in Baltimore, Maryland. It supports services and programs that strengthen the Baltimore community and create opportunities for people, especially children, to grow, prosper, and lead meaningful lives in a safe and healthy environment.
The Richman Foundation Inc at a glance
In short: The Richman Foundation Inc gave $121K across 12 grants in 2024 (avg $10K), mostly in Maryland. 33% of 2024 grantees were new. Source: 2024 IRS Form 990-PF.
- Annual giving (2024)
- $120,750
- -93.2% vs 2023
- Grants made (2024)
- 12
- -71.4% vs 2023
- Average grant
- $10,063
- -76.2% vs 2023
- Median grant
- $6,375
- Total assets
- $28,976,907
- +222.8% vs 2023
- New grantees (estimate)
- 33% first-time grantees (4 of 12, 2024; small sample)
- Primary geography
- Maryland (79% of itemized 2024 grant dollars)
- Latest 990 filing
- Form 990-PF, 2024 View filing
Data from IRS Form 990-PF, 2024; updated October 2026. New grantees are estimated by matching recipient names across years (methodology).
How to apply to The Richman Foundation Inc
- How to Apply
-
The foundation describes a two-step process, beginning with a Letter of Inquiry submitted through its online grants portal. If invited, applicants submit supplemental materials to complete a full application. The filing says documentation generally includes proof of tax-exempt status, organizational operating budgets, the most recent audited financial statements, and board information. The website says eligible applicants may be asked for additional documentation and that the foundation may request an organizational visit. It will not provide more than one grant to a grantee in a calendar year.
- Review Cycle
- Calls and Letters of Inquiry are accepted on a rolling basis throughout the year. For 2026, the website lists grant-request decisions in late March, mid-July, and late November. The March and July decision periods have passed; late November is still ahead as of October 2, 2026.
- Deadline
- Calls and Letters of Inquiry are accepted on a rolling basis throughout the year.
- Contact
Application contact: Kristen Kinkopf
Mailing address: 1040 Park Ave Suite 310, Baltimore, MD 21201
Phone: (443) 909-8833
Email: kkinkopf@richmanfdn.org
Website: https://richmanfdn.org
Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.
Who The Richman Foundation Inc funds
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
The largest 2024 recipient was Squashwise ($25K). Together the top 10 received $115K.
Grant Size Distribution
74 grants across all recorded years
The most common grant size was under $50K: 58 grants of 74 (78%).
Geographic Focus
Where this funder awards grants
The website identifies Baltimore City as the general geographic limit for prospective applicants, with an exception for Jewish Causes, which may be supported in Baltimore and around the world. The foundation’s 2024 grant dollars went primarily to Maryland recipients (79%), with 6% each to New York and Washington, DC, and 4% each to Nebraska and Pennsylvania.
Grant Distribution by State
Share of 2024 grant dollars across all 12 itemized grants.
Cities
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. With only 12 grantees, that is a small sample: one grantee more or less moves the share by about 8 points. 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 grant lists in IRS Form 990-PF filings (2022–2024). Recipient names are matched across years, so a renamed or misspelled grantee can look new; grants to individuals are left out. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2022 to 2024, annual grant giving ranged from $121K (2024) to $1.8M (2023). In 2024 it made 12 grants totaling $121K.
Grants by year
Grant recipients and amounts by year
| 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 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Net Investment Income | Distributable Amount |
|---|---|---|---|---|---|---|---|---|
| 2024 | $28,976,907 | $31,389,116 | $564,879 | $120,750 | 12 | $368,888 | $10,200,390 | $717,590 |
| 2023 | $8,975,723 | $9,933,546 | $2,058,661 | $1,778,081 | 42 | $2,007,413 | $2,655,621 | $352,370 |
| 2022 | $3,664,907 | $6,363,176 | $1,456,131 | $1,245,367 | 20 | $1,456,131 | $1,256,836 | $54,461 |
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 October 2026.
Mission & Focus Areas
The foundation’s mission is to support services and programs that strengthen the Baltimore community and create opportunities for individuals, especially children, to grow, prosper, and lead meaningful lives in a safe and healthy environment.
Its website describes four priority areas. Early learning and family supports include high-quality learning environments for children from birth to age five, particularly those emphasizing literacy, and programs that strengthen parents and young families. Education priorities include programs that improve literacy, math skills, and academic achievement for K–12 students; prepare students for college or careers; and engage parents and caregivers. The foundation also considers a limited number of requests from individual schools. Health priorities include services for young children that address toxic stress and trauma, mental health supports for young people from kindergarten through college and early careers, and maternal prenatal, perinatal, and postpartum health and mental health. Jewish causes are considered in Baltimore and around the world.
The foundation says it supports charitable, educational, and other organizations described in Section 501(c)(3) of the Internal Revenue Code. It generally considers organizations based in Baltimore; Jewish Causes is an exception. The website says it accepts applications from prospective grantees in Baltimore City only, except for applicants under Jewish Causes. It also says it does not accept requests for capital support at this time.
Examples of grantees’ work include The Family Tree, which describes its mission as preventing child abuse, connecting caring communities, and building strong families; the Fund for Educational Excellence, which works to improve education for children in Baltimore City Public Schools; and EduCare DC, which aims to close the opportunity gap for young children living in poverty. These are the grantees’ stated missions, not the foundation’s.
Grantmaking
The foundation reported 12 grants totaling $120,750 in 2024. Grant amounts ranged from $2,500 to $25,000, with a median of $6,375. Its reported grantmaking was $1,778,081 across 42 grants in 2023 and $1,245,367 across 20 grants in 2022.
Among its 2024 awards, the foundation gave $25,000 each to SQUASHWISE for operating support and The Family Tree for unrestricted purposes, and $22,500 to Parks and People Foundation for Liberty Playground Phase II. Other awards included $7,500 to the Fund for Educational Excellence for the Summer Funding Collaborative and $7,500 to Brigid Alliance for unrestricted purposes.
Leadership & Key People
Leadership team and compensation from IRS filings
The 2024 filing lists Arnold Richman as president and director, Daniel W. Geary as treasurer, and Kristen S. Kinkopf as secretary.
The Richman Foundation Inc is led by Arnold Richman, President & Director on every filing since 2022; 1 of 3 officers listed in 2024 is compensated.
Officers on the 2024 filing
Arnold Richman
President & Director
On filings since 2022
2 hrs/week
No compensation reported
Kristen S. Kinkopf
Secretary
On filings since 2023
40 hrs/week
$141K (2023) → $160K (2024)
Daniel W. Geary
Treasurer
On filings since 2023
1 hr/week
No compensation reported
Data from IRS Form 990 filings, 2022–2024. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Compensation Overview
From 2024 IRS filing
The highest reported compensation on the 2024 filing was $160K, to Kristen S Kinkopf (Secretary).
Frequently asked questions about The Richman Foundation Inc
How much does The Richman Foundation Inc give each year?
The Richman Foundation Inc gave $121K across 12 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $1.8M across 42 grants.
What is The Richman Foundation Inc's typical grant size?
The Richman Foundation Inc's median grant in 2024 was $6,375, and its average grant was $10,063, across 12 grants on its 2024 IRS Form 990-PF. Organizations receiving their first grant from The Richman Foundation Inc that year got $9K on average.
Where does The Richman Foundation Inc give grants?
The Richman Foundation Inc gives mostly in Maryland: 79% of the grant dollars itemized on its 2024 IRS Form 990-PF went to recipients there. The next largest states were New York (6%) and District of Columbia (6%). The most frequent recipient cities were Baltimore, MD (6 grants) and Washington, DC (2 grants).
Does The Richman Foundation Inc give general operating support?
Yes: 83% of The Richman Foundation Inc's 2024 grants with a stated purpose (10 of 12) were for general or operating support, per its 2024 IRS Form 990-PF.
Who are The Richman Foundation Inc's largest grantees?
The Richman Foundation Inc's largest 2024 grantees include Squashwise ($25,000), The Family Tree ($25,000) and Parks and People Foundation ($22,500), according to its 2024 IRS Form 990-PF. Together they received 60% of its itemized 2024 grant dollars.
How large is The Richman Foundation Inc?
The Richman Foundation Inc reported $29.0M in total assets on its 2024 IRS Form 990-PF. It paid out $369K in qualifying distributions that year, against a required minimum of $718K (roughly 5% of its investment assets). Falling short in one year is not a violation: foundations have until the end of the next year to meet the minimum.
What does The Richman Foundation Inc fund?
The foundation’s mission is to support services and programs that strengthen the Baltimore community and create opportunities for individuals, especially children, to grow, prosper, and lead meaningful lives in a safe and healthy environment. See mission & focus areas ↑
How do I apply for a grant from The Richman Foundation Inc?
The foundation describes a two-step process, beginning with a Letter of Inquiry submitted through its online grants portal. Eligibility and process details are in the grantmaking section of this profile. See how to apply ↑
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.
Data last updated October 2026. Sourced from IRS Form 990-PF filings. Research dossier generated October 2026.
Data update history
(1)
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2022–2024
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Cite this profile
Grantable. (2026). The Richman Foundation Inc funder profile. GrantGraph. Retrieved October 16, 2026, from https://grantable.co/funders/the-richman-foundation-inc-morg_7b409c26668c4fbda5af552656177724
BibTeX
@misc{grantable_874560827_2026,
author = {{Grantable}},
title = {{The Richman Foundation Inc funder profile}},
howpublished = {GrantGraph},
year = {2026},
url = {https://grantable.co/funders/the-richman-foundation-inc-morg_7b409c26668c4fbda5af552656177724},
note = {Accessed 2026-10-16. Data licensed CC BY 4.0}
} The figures on this page are open data under CC BY 4.0: reuse them with credit to Grantable and a link. Download the data.
Figures come from The Richman Foundation Inc's IRS filings (methodology). AI-written summaries, news items and logos are not covered by the open licence. Spot an error? Email hello@grantable.co.
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