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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. Total assets have grown from $1.5M in 2011 to $8.7M in 2023. 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 2015 to 2023. 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.
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 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 | N/A |
| Richard Desich | Pres, Dir, Sec | $0 | $0 | N/A |
| Richard A Desich | VP | $0 | $0 | N/A |
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
$500K
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 |
CLEVELAND, OH
CINCINNATI, OH
DUBLIN, OH