Rich Family Foundation

Organization Overview

Rich Family Foundation is located in Fort Worth, TX. The organization was established in 2012. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking 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. Rich Family 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, Rich Family Foundation generated $382.3k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (8.7%) each year. All expenses for the organization totaled $1.1m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.

Since 2014, Rich Family Foundation has awarded 56 individual grants totaling $5,744,000. 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.

Mission & Program ActivityExcerpts From the 990PF Filing

TAX YEAR

2021

Describe the Organization's Program Activity:

Part 3 - Line 4a

NONE


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Financial Statements

Statement of Revenue
Contributions, Gifts, Grants & Similar $0
Interest on Savings $8
Dividends & Interest $81,020
Net Rental Income$0
Net Gain on Sale of Assets $301,317
Capital Gain Net Income $301,317
Net ST Capital Gain $0
Income Modifications $0
Profit on Inventory Sales $0
Other Income $0
Total Revenue $382,345

Grants Awarded

Over the last fiscal year, Rich Family Foundation has awarded $1,077,500 in support to 5 organizations.

Grant RecipientAmount

UNITED STATES NAVAL ACADEMY FOUNDATION

Org PageRecipient Profile

Annapolis, MD

PURPOSE: GENERAL SUPPORT

$987,500

STEPHEN BREEN MEMORIAL FOUNDATION INC

Org PageRecipient Profile

Fort Worth, TX

PURPOSE: GENERAL SUPPORT

$40,000

COMMUNITY FOUNDATION FOR THE ALLEGHENIES

PURPOSE: GENERAL SUPPORT

$25,000

RUTLEDGE FOUNDATION

Org PageRecipient Profile

Fort Worth, TX

PURPOSE: GENERAL SUPPORT

$15,000

THE ASHFORD RISE SCHOOL OF DALLAS

PURPOSE: GENERAL SUPPORT

$10,000
View Grant Profile

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