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Richard Benevolent Foundation is a private corporation based in CAROL STREAM, IL. The foundation received its IRS ruling in 2003. The principal officer is Betty Richard. It holds total assets of $444K. Annual income is reported at $52K. The foundation is governed by 3 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 2018 to 2023. The foundation primarily funds organizations in Illinois, Texas and Indiana. According to available records, Richard Benevolent Foundation has made 22 grants totaling $170K, with a median grant of $6K. Annual giving has grown from $31K in 2021 to $39K in 2023. Grantmaking activity was highest in 2022 with $99K distributed across 12 grants. Individual grants have ranged from $828 to $15K, with an average award of $8K. The foundation has supported 8 unique organizations. Grants have been distributed to organizations in Illinois and Indiana and Texas. Contributions to this foundation are tax-deductible.
Smallest Grant
$4K
Median Grant
$5K
Average Grant
$7K
Largest Grant
$12K
Based on 4 grants from the most recent 990-PF filing.
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.
Richard Benevolent Foundation primarily funds organizations in the area of philanthropy & grantmaking. Based on available records, the foundation has funded 22 grants. Its grantmaking reaches organizations primarily in IL, IN, TX.
Richard Benevolent Foundation has distributed a total of $170K across 22 grants. The median grant size is $6K, with an average of $8K. Individual grants have ranged from $828 to $15K.
Richard Benevolent Foundation typically selects its grantees rather than accepting unsolicited proposals.
Richard Benevolent Foundation is headquartered in CAROL STREAM, IL. While based in IL, the foundation distributes grants to organizations across 3 states.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Beth Richard | DIRECTOR | $0 | $0 | N/A |
| Sharon Wong | SECRETARY | $0 | $0 | N/A |
| Dan Richard | PRESIDENT | $0 | $0 | N/A |
Total Giving
$40K
Total Assets
$416K
Fair Market Value
$471K
Net Worth
$416K
Grants Paid
$39K
Contributions
$51K
Net Investment Income
N/A
Distribution Amount
$21K
Total: N/A
Total Grants
22
Total Giving
$170K
Average Grant
$8K
Median Grant
$6K
Unique Recipients
8
Most Common Grant
$5K
of 2023 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| QuincySCHOLARSHIP | Quincy, IL | $15K | 2023 |
| University Of IllinoisSCHOLARSHIP | Champaign, IL | $11K | 2023 |
| Columbia CollegeSCHOLARSHIP | Chicago, IL | $10K | 2023 |
| College Of DupageSCHOLARSHIP | Glen Ellyn, IL | $2K | 2023 |
| University Of Incarnate WordSCHOLARSHIP | San Antonio, TX | $1K | 2023 |
| Columbia College ChicagoSCHOLARSHIP | Chicago, IL | $15K | 2022 |
| Purdue UniversitySCHOLARSHIP | West Lafayette, IN | $7K | 2022 |
| Judson UniversitySCHOLARSHIP | Elgin, IL | $5K | 2022 |