William R Rich Foundation
- Assets
- $8.5m
- Revenue
- $728.9k
- Investments
- $8.0m
- Employees
- 0
- Location
- Rosemont, IL
- Founding
- 11/1993
- Data as of
- 12/2023
- EIN
- 36-3885448
Organization Overview
William R Rich Foundation is located in Rosemont, IL. The organization was established in 1993. 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. William R Rich 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 12/2023, William R Rich Foundation generated $728.9k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 6.5% each year. All expenses for the organization totaled $691.8k during the year ending 12/2023. While expenses have increased by 5.5% per year over the past 6 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 2015, William R Rich Foundation has awarded 41 individual grants totaling $2,865,000. 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Elizabeth Reardon Trustee | 1 | $0 | |
Mark Reardon Trustee | 1 | $0 | |
Lynne Kaplan Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $236,212 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $492,708 |
| Capital Gain Net Income | $492,708 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $728,920 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $7,247 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $91,751 |
| Contributions, gifts, grants paid | $600,000 |
| Total expenses and disbursements | $691,751 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $5,830 |
| Savings and temporary cash investments | $409,690 |
| Net Accounts receivable | $0 |
| 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 | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $5,408 |
| Total assets | $8,464,887 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $3,549 |
| Total liabilities | $3,549 |
Grants Awarded
Over the last fiscal year, William R Rich Foundation has awarded $600,000 in support to 7 organizations.
| Grant Recipient | Amount |
|---|---|
ALAMEDA COUNTY CHILDREN'S HOSPITAL FOUNDATION PURPOSE: MEDICAL CANCER CARE SUPPORT | $42,500 |
LEUKEMIA & LYMPHOMA SOCIETY PURPOSE: SUPPORT | $45,000 |
LEUKEMIA RESEARCH FOUNDATION PURPOSE: SUPPORT | $130,000 |
MARTIS CAMP FOUNDATION PURPOSE: SUPPORT | $25,000 |
NORTHWESTERN MEMORIAL FOUNDATION PURPOSE: MEDICAL CANCER CARE SUPPORT FUND | $225,000 |
OKIZU FOUNDATION PURPOSE: SUPPORT | $10,000 |