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Imb Foundation is a private corporation based in BETHESDA, MD. The foundation received its IRS ruling in 2024. It holds total assets of $2.1M. Annual income is reported at $2.2M. Total assets have grown from $349K in 2023 to $2.1M in 2024. The foundation is governed by 2 officers and trustees. The foundation operates in the area of philanthropy & grantmaking. According to its most recent filing, the foundation only makes contributions to preselected charitable organizations. Tax records are available from 2022 to 2024. According to available records, Imb Foundation has made 12 grants totaling $148K, with a median grant of $5K. Individual grants have ranged from $1K to $48K, with an average award of $12K. The foundation has supported 12 unique organizations. The foundation primarily supports organizations in New York, District of Columbia, Texas, which account for 67% of all grants. Grantmaking reaches organizations across 6 states. Contributions to this foundation are tax-deductible.
No program descriptions are available for this foundation. Many private foundations report program activities in their annual 990-PF filings — check the Tax Filings section below for the most recent filing.
Imb Foundation primarily funds organizations in the area of philanthropy & grantmaking. Based on available records, the foundation has funded 12 grants. Its grantmaking reaches organizations primarily in NY, DC, TX.
Imb Foundation has distributed a total of $148K across 12 grants. The median grant size is $5K, with an average of $12K. Individual grants have ranged from $1K to $48K.
Imb Foundation typically selects its grantees rather than accepting unsolicited proposals.
Imb Foundation is headquartered in BETHESDA, MD. While based in MD, the foundation distributes grants to organizations across 6 states.
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| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Tarrus Richardson | PRESIDENT | $0 | $0 | N/A |
| Kimberly Richardson | VICE PRESIDE | $0 | $0 | N/A |
Total Giving
N/A
Total Assets
$2.1M
Fair Market Value
N/A
Net Worth
$2.1M
Grants Paid
N/A
Contributions
N/A
Net Investment Income
N/A
Distribution Amount
N/A
Total Grants
12
Total Giving
$148K
Average Grant
$12K
Median Grant
$5K
Unique Recipients
12
Most Common Grant
$5K
of 2023 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Council Of Urban Professionals InstOPERATIONAL SUPPORT | New York, NY | $48K | 2023 |
| Naic SponsorshipFOR OPERATIONAL SUPPORT | Washington, DC | $30K | 2023 |
| The Promise VentureOPERATATIONAL SUPPORT | Austin, TX | $25K | 2023 |
| Student Club - Harvard Bus SchoolFOR FELLOWSHIPS & OPERATIONAL SUPP | Boston, MA | $10K | 2023 |
| Robert Tiogo FoundationOPERATIONAL SUPPORT | Oakland, CA | $8K | 2023 |
| Girls LeadershipOPERATIONAL SUPPORT | Summit, NJ | $5K | 2023 |
| Boysgirls ClubOPERATIONAL SUPPORT | Washington, DC | $5K | 2023 |
| Allstar Code IncSCHOLARSHIPS | New York, NY | $5K | 2023 |
| J3 Foundation SponsorshipOPERATIONAL SUPPORT | Los Angeles, CA | $5K | 2023 |
| El Haynes Public Charter SchoolOPERATIONAL SUPPORT | Washington, DC | $4K | 2023 |
| PaveOPERATIONAL SUPPORT | Washington, DC | $3K | 2023 |
| Readahead OrganizationOPERATIONAL SUPPORT | New York, NY | $1K | 2023 |
BALTIMORE, MD
OWINGS MILLS, MD
HANOVER, MD