Victor M Richel Family Foundation Inc

ELIZABETH, NJ EIN: 22-3681344

Victor M Richel Family Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in ELIZABETH, NJ. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $10K in total assets. In 2024, it awarded 5 grants totaling $3K.

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$10K

-57.7% YoY

Annual Giving

$3K

-83.1% YoY

Grant Count

5

+25.0% YoY

Avg Grant Size

$520

-86.5% YoY

About Victor M Richel Family Foundation Inc

Based on IRS filings

Victor M Richel Family Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in ELIZABETH, NJ. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $10K in total assets. In 2024, it awarded 5 grants totaling $3K.

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

4states

Cities

Berkeley HightsBrooklynConvent StationCranford NjElizabethLindenMillburnMontclairNorthfieldPlainfieldPo BoxStaten IslandTopekaVillanovaWestfield

Financial History

Multi-year comparison from IRS filings

Revenue
Expenses
Qualifying Distributions
Net Investment Income
$0$17K$34K$51K$68K20202021202220232024
Metric202420232022
Total Assets$10,411$24,606$27,390
Revenue$2,100$15,628$61,576
Expenses$16,295$18,412$47,257
Qualifying Distributions$7,175$16,417$45,266
Net Investment Income
Distributable Amount

Giving Over Time

Total grant dollars and number of grants per year

$0$11K$22K$33K$44K3 grants20201 grants202111 grants20224 grants20235 grants2024

Grant Insights

How this funder distributes its grants

Top Recipients

Top 5 recipients in 2024

UNION COUNTY COLLEGE FDN$2KSISTERS OF CHARITY OF ST…$100TRINITAS HEALTH FOUNDATION$100RWJ BARNABAS HEALTH$100NORTHFIELD LEARNING CENTER$100

Grant Size Distribution

24 grants across all recorded years

24<$50K$50–100K$100–250K$250–500K$500K–1M$1–5M$5M+

Giving History

Grant recipients and amounts by year

Among its reported 2024 grants, the largest include Union County College Fdn ($2,200), Sisters of Charity of St Eliz ($100), Trinitas Health Foundation ($100).

RecipientPurposeAmount
SISTERS OF CHARITY OF ST ELIZ CONVENT STATION, NJDONATION$100
TRINITAS HEALTH FOUNDATION PO BOX, NJHOSPITAL/MEDICAL CENTER DONATION$100
UNION COUNTY COLLEGE FDN CRANFORD NJ, NJSCHOLARSHIP$2,200
RWJ BARNABAS HEALTH ELIZABETH, NJHOSPITAL/MEDICAL CENTER DONATION$100
NORTHFIELD LEARNING CENTER NORTHFIELD, NJDONATION$100

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

From 2024 IRS filing

From 2024 filing

NameTitleHoursCompensation
VICTOR M RICHELDirector
ANDREA RICHELDirector
JOHN D RICHELDirector
DAVID L RICHELDirector
SUSAN R MARCHELITISDirector
DENISE COLLINSASST. SECRETARY

Subject Areas

Focus areas based on grantmaking activity

Frequently Asked Questions

What is Victor M Richel Family Foundation Inc?

Victor M Richel Family Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in ELIZABETH, NJ. It holds $10K in total assets as of 2024.

How large is Victor M Richel Family Foundation Inc?

As of 2024, Victor M Richel Family Foundation Inc holds $10K in total assets with $2K in annual revenue. It awarded 5 grants totaling $3K in 2024.

Where does Victor M Richel Family Foundation Inc operate?

Victor M Richel Family Foundation Inc has awarded grants in Kansas, New Jersey, New York, Pennsylvania.

What size grants does Victor M Richel Family Foundation Inc award?

In 2024, Victor M Richel Family Foundation Inc awarded 5 grants totaling $3K — an average of about $520 per grant, based on its IRS Form 990 filings.

What is Victor M Richel Family Foundation Inc's EIN?

Victor M Richel Family Foundation Inc's EIN (Employer Identification Number) is 22-3681344. IRS Form 990 filing data is available on this page for 2020–2024.

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

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