Executive compensation
Form 990-PF · Part VIII · 2 reported individuals · Filing year 2024
Percentile bands compare each position's total pay with the same role at Philanthropy, Voluntarism & Grantmaking organizations in Illinois.
| Position | Total |
|---|---|
Co-president/treasurer Board President 75th to 90th percentile | $250k $268k |
Co-president/secretary Board President 75th to 90th percentile | $250k $268k |
Teal figures restate each filed amount in 2026 dollars.
Estimated with Chicago-Naperville-Elgin, IL-IN-WI metro-area CPI-U, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.
Plus 3 unpaid individuals.
Browse compensation in Philanthropy, Voluntarism & Grantmaking →
Top pay as a share of expenses
In 2024, the highest total compensation at George E Richmond Foundation equaled 10% of the organization's total expenses. The median for philanthropy, voluntarism & grantmaking organizations is 15%.
Based on 35,946 philanthropy, voluntarism & grantmaking organizations, each measured at its most recent filing year with reported expenses and compensation.
Grants paid
Itemized grants reported on this foundation's 2024 Form 990-PF, Part XV.
Total granted
$1.3M
Itemized grants
4
Median grant
$33k
| Recipient | Location | Purpose | Amount |
|---|---|---|---|
| University of Chicago Medicine | Chicago, IL | Study the effects of oral health on systemic health | $1.2M |
| University of Chicago | Chicago, IL | Cancer Pavilion | $40k |
| Santa Fe Group | Newtown, PA | Strategic Advisory Council | $25k |
| University of Chicago Medicine | Chicago, IL | Forefront | $10k |
Held steady
from 2023
From $250k in 2023 to $250k in 2024.
Estimated with Chicago-Naperville-Elgin, IL-IN-WI metro-area CPI-U, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.
Board President pay held roughly steady from 2023 to 2024, while revenue rose 28%.
Pay for the position itself, not any one person. The officeholder may have changed between 2023 and 2024.
This is a private foundation. Peers are foundations of similar asset size ($25M - $50M), because foundation pay scales with assets under management, not revenue.
Among peers
Revenue and top compensation, plotted against similar organizations. This organization is highlighted in cyan.
Common questions about George E Richmond Foundation
What does the Board President of George E Richmond Foundation earn?
In 2024, the Board President of George E Richmond Foundation received $250,000 in total compensation. This pay is in the top quarter for Board President roles among Philanthropy, Voluntarism & Grantmaking organizations in Illinois, though not the top 10% of comparable filings. Based on IRS Form 990 data.
How does Board President pay at George E Richmond Foundation compare with similar nonprofits?
Compared with the same role at Philanthropy, Voluntarism & Grantmaking organizations in Illinois, the 2024 pay of the Board President at George E Richmond Foundation falls between the 75th and 90th percentiles. In 2024, the highest total compensation at George E Richmond Foundation equaled 10% of the organization's total expenses. The median for philanthropy, voluntarism & grantmaking organizations is 15%.
What are George E Richmond Foundation's revenue and expenses?
In 2024, George E Richmond Foundation reported $2.8M in total revenue and $2.6M in total expenses on its IRS Form 990.
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This is a private foundation. Peers are foundations of similar asset size ($25M - $50M), because foundation pay scales with assets under management, not revenue.
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