Rich Foundation
- Assets
- $2.4m
- Revenue
- $130.4k
- Investments
- $2.2m
- Employees
- 0
- Location
- Nashville, TN
- Founding
- 08/1995
- Data as of
- 06/2022
- EIN
- 62-1588498
Organization Overview
Rich Foundation is located in Nashville, TN. The organization was established in 1995. 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. 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 06/2022, Rich Foundation generated $130.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (7.4%) each year. All expenses for the organization totaled $266.2k during the year ending 06/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Rich Foundation has awarded 425 individual grants totaling $1,115,401. 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 |
|---|---|---|---|
David Tate Rich Trustee | 1 | $12,789 | |
Amy Lucile Rich Trustee | 1 | $12,788 | |
John William Rich Trustee | 1 | $12,788 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $86,462 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $42,849 |
| Capital Gain Net Income | $42,849 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $1,053 |
| Total Revenue | $130,364 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $38,365 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $8,160 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $47,147 |
| Total operating and administrative expenses | $98,612 |
| Contributions, gifts, grants paid | $167,584 |
| Total expenses and disbursements | $266,196 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $248,812 |
| 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 | $0 |
| Total assets | $2,443,090 |
| 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 | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Rich Foundation has awarded $167,584 in support to 67 organizations.
| Grant Recipient | Amount |
|---|---|
VANDERBILT UNIVERSITY GRIDIRON CLUB PURPOSE: GENERAL SUPPORT | $50,000 |
ENSWORTH SCHOOL PURPOSE: CAPITAL CAMPAIGN FOR LOWER SCHOOL BUILDING | $12,000 |
CHEEKWOOD PURPOSE: TO HELP PRESERVE AND MAINTAIN CHEEKWOOD'S GARDENS AND MUSEUM | $10,000 |
WESTMINSTER CHURCH PURPOSE: SUPPORT FOR CHURCH PROGRAMS AND ACTIVITIES | $10,000 |
FRIENDS OF WARNER PARK PURPOSE: SUPPORT PRESERVATION OF LOCAL PARKS. | $5,250 |
Nashville, TN PURPOSE: GENERAL SUPPORT | $5,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The Arthur M Blank Family Foundation Atlanta, GA | $365,187,486 | $84,889,977 |
Pyramid Peak Foundation Memphis, TN | $230,284,852 | $119,724,559 |
Alice L Walton Foundation Bentonville, AR | $3,555,974,062 | $449,327,995 |
John Bulow Campbell Foundation Atlanta, GA | $793,659,742 | $103,345,098 |
The Rosser Foundation A Pure Charitable Trust And Public Charit Hampton, VA | $12,195,900 | $36,359,396 |
Jesus Fund Little Rock, AR | $476,522,715 | $128,635,887 |
James S Mcdonnell Foundation St Louis, MO | $496,119,714 | $80,243,658 |
Patterson Family Foundation Kansas City, MO | $1,526,002,008 | $1,174,628,172 |
Poplar Foundation Memphis, TN | $149,801,224 | $18,419,294 |
Builders Initiative Bentonville, AR | $992,945,696 | $530,265,880 |
John M Belk Endowment Charlotte, NC | $344,527,989 | $19,824,991 |
Plough Foundation Memphis, TN | $29,124,366 | $7,604,937 |