The George E Richmond Foundation
- Assets
- $48.8m
- Revenue
- $3.1m
- Investments
- $46.7m
- Employees
- 0
- Location
- Chicago, IL
- Founding
- 05/2007
- Data as of
- 12/2021
- EIN
- 20-4234710
Organization Overview
The George E Richmond Foundation is located in Chicago, IL. The organization was established in 2007. According to its NTEE Classification (T22) the organization is classified as: Private Independent Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. George E Richmond Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, George E Richmond Foundation generated $3.1m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 18.3% each year . All expenses for the organization totaled $3.2m during the year ending 12/2021. While expenses have increased by 5.1% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, George E Richmond Foundation has awarded 46 individual grants totaling $13,709,716. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Arthur L Herbst Jr Co-President/treasurer | 20 | $185,009 | |
Alfred E Brennan Jr Co-President/secretary | 20 | $185,009 | |
Brian Bermer Director | 1 | $0 | |
Richard Richmond Director | 1 | $0 | |
Jamie H Swartout Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $96,970 |
| Interest on Savings | $9,260 |
| Dividends & Interest | $1,044,405 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $1,843,505 |
| Capital Gain Net Income | $1,843,505 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $92,098 |
| Total Revenue | $3,086,238 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $370,018 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $70,934 |
| Interest | $0 |
| Taxes | $163,607 |
| Depreciation | $763 |
| Occupancy | $50,230 |
| Travel, conferences, and meetings | $4,971 |
| Printing and publications | $0 |
| Other expenses | $160,579 |
| Total operating and administrative expenses | $1,143,003 |
| Contributions, gifts, grants paid | $2,069,559 |
| Total expenses and disbursements | $3,212,562 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,982,290 |
| Net Accounts receivable | $44,236 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $5,491 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $9,258,858 |
| Net Land, buildings, and equipment | $20,596 |
| Other assets | $8,523 |
| Total assets | $48,791,042 |
| Accounts payable and accrued expenses | $836 |
| Grants payable | $625,000 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $1,134,256 |
| Total liabilities | $1,760,092 |
Grants Awarded
Over the last fiscal year, The George E Richmond Foundation has awarded $2,119,559 in support to 9 organizations.
| Grant Recipient | Amount |
|---|---|
GEORGETOWN UNIVERSITY PURPOSE: GEORGE E. RICHMOND FOUNDATION TERM PROFESSORSHIP | $600,000 |
GEORGETOWN UNIVERSITY - HEALTH POLICY FUND PURPOSE: FOR STUDENT RESEARCH ON PROJECTS RELATED TO ORAL HEALTH CARE ACCESS | $400,000 |
GEORGETOWN UNIVERSITY - OFFICE OF GIFT ADMIN PURPOSE: GEORGE E. RICHMOND FOUNDATION TERM PROFESSORSHIP | $400,000 |
GEORGETOWN UNIVERSITY - OFFICE OF MINORITY HEALTH PURPOSE: LEVERAGING TELEHEALTH TO IMPROVE ORAL HEALTH AND SYSTEMIC OUTCOMES STUDY | $320,939 |
GEORGETOWN UNIVERSITY - ORAL HEALTH CARE FUND PURPOSE: SUPPORT THE FACULTY RESEARCH AS PART OF A STUDY RELATED TO OBSTACLES TO ORAL HEALTH CARE | $250,000 |
GEORGETOWN UNIVERSITY - RBH SCHOLARS PURPOSE: ORAL AND SYSTEMIC HEALTH RBH SCHOLARS PROGRAM | $73,620 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Anthony Pritzker Fam Foundation Chicago, IL | $0 | $37,184,888 |
Robert And Adele Schiff Family Foundation Inc Milwaukee, WI | $226,331,394 | $18,541,997 |
Paula And Rodger Riney Foundation St Louis, MO | $118,536,395 | $1,770,419 |
Pritzker Traubert Foundation Chicago, IL | $0 | $14,671,849 |
Fund For Wisconsin Scholars Inc Madison, WI | $273,321,225 | $22,010,196 |
John W Anderson Foundation Valparaiso, IN | $342,409,938 | $34,395,256 |
Motorola Solutions Foundation Chicago, IL | $427,877 | $12,200,078 |
The Walsh Foundation Chicago, IL | $179,756,510 | $18,008,076 |
Herbert Simon Family Foundation Indianapolis, IN | $26,075,189 | $9,696,254 |
Roy J Carver Charitable Tr Muscatine, IA | $235,043,756 | $22,231,044 |
Saul Zaentz Charitable Foundation Glenview, IL | $31,204,978 | $8,995,660 |
The John And Kathleen Schreiber Foundation Lake Forest, IL | $89,899,268 | $85,376,815 |