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Richard Desich Foundation is a private corporation based in WESTLAKE, OH. The foundation received its IRS ruling in 2010. The principal officer is % Foundation Source. It holds total assets of $8.3M. Annual income is reported at $281K. The foundation operates in the area of philanthropy & grantmaking. According to available records, Richard Desich Foundation has made 3 grants totaling $1.6M, with a median grant of $500K. Annual giving has grown from $550K in 2020 to $1M in 2021. Individual grants have ranged from $50K to $1M, with an average award of $517K. Grant recipients are concentrated in Ohio. Contributions to this foundation are tax-deductible.
Richard Desich Foundation primarily funds organizations in the area of philanthropy & grantmaking. Based on available records, the foundation has funded 3 grants. Its grantmaking reaches organizations primarily in OH.
Richard Desich Foundation has distributed a total of $1.6M across 3 grants. The median grant size is $500K, with an average of $517K. Individual grants have ranged from $50K to $1M.
Richard Desich Foundation typically selects its grantees rather than accepting unsolicited proposals.
Richard Desich Foundation is headquartered in WESTLAKE, OH.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Jeffrey A Desich | VP | $0 | $0 | $0 |
| Richard Desich | Pres, Dir, Sec | $0 | $0 | $0 |
| Richard A Desich | VP | $0 | $0 | $0 |
Total Giving
$703K
Total Assets
$8.7M
Fair Market Value
$8.7M
Net Worth
$8.7M
Grants Paid
$91K
Contributions
$6.8M
Net Investment Income
$8K
Distribution Amount
$408K
Total Grants
3
Total Giving
$1.6M
Average Grant
$517K
Median Grant
$500K
Unique Recipients
1
Most Common Grant
$50K
of 2021 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Lorain County Community College FoundationRichard A. Desich Institute for Sensor Commercialization and Richard A. Desich School of Business | Elyria, OH | $1M | 2021 |
| 2018 | 990PF | View |
| 2017 | 990PF | View |
| 2016 | 990PF | View |
| 2015 | 990PF | View |
DUBLIN, OH
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