The Richman Foundation Inc logo

The Richman Foundation Inc

Private foundation · Grantmaker Baltimore, MD EIN: 87-4560827 Website

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

Squashwise: $25KSquashwise$25KThe Family Tree: $25KThe Family Tree$25KParks and People Foundation: $23KParks and People Foundation$23KBrigid Alliance: $8KBrigid Alliance$8KFund for Educational Excellence: $8KFund for EducationalExcellence$8KMount St Joseph: $8KMount St Joseph$8KFlight Path - Spark of Science: $5KFlight Path - Spark of Science$5KChester County Futures: $5KChester County Futures$5KOldfields School: $5KOldfields School$5KSmithsonian Nmaahc: $5KSmithsonian Nmaahc$5K

The largest 2024 recipient was Squashwise ($25K). Together the top 10 received $115K.

Grant Size Distribution

74 grants across all recorded years

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

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

8states

Share of 2024 grant dollars across all 12 itemized grants.

Cities

BaltimoreWashingtonAnnapolisNew YorkCoatesvilleTowsonBostonChelseaCollege ParkEtnaForestvilleFredricksburgOmahaRockvilleSparks Glencoe

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

$0$500K$1M$1.5M$2M20 grants2022 42 grants2023 12 grants2024

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

RecipientPurposeAmount
Squashwise Baltimore, MDOperating Support$25,000
The Family Tree Baltimore, MDUnrestricted$25,000
Parks and People Foundation Baltimore, MDLiberty Playground Phase II$22,500
Brigid Alliance New York, NYUnrestricted$7,500
Fund for Educational Excellence Baltimore, MDSummer Funding Collaborative$7,500
Mount St Joseph Baltimore, MDOperating Support$7,500
Flight Path - Spark of Science Omaha, NEUnrestricted$5,250
Chester County Futures Coatesville, PAOperating Support$5,000
Oldfields School Sparks Glencoe, MDUnrestricted$5,000
Smithsonian Nmaahc Washington, DCUnrestricted$5,000
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Financial History

Multi-year comparison from IRS filings

Figures from IRS filings, by filing year
Filing yearTotal AssetsRevenueExpensesGrants paidGrantsQualifying DistributionsNet Investment IncomeDistributable Amount
2024$28,976,907$31,389,116$564,879$120,75012$368,888$10,200,390$717,590
2023$8,975,723$9,933,546$2,058,661$1,778,08142$2,007,413$2,655,621$352,370
2022$3,664,907$6,363,176$1,456,131$1,245,36720$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

Kristen S Kinkopf — Secretary: $160KKristen S KinkopfSecretary$160K

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

  1. 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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