David And Claudia Reich Family Foundation
- Assets
- $1.4m
- Revenue
- $257.2k
- Investments
- $1.3m
- Employees
- 0
- Location
- Greensboro, NC
- Founding
- 09/2008
- Data as of
- 12/2021
- EIN
- 26-2981022
Organization Overview
David And Claudia Reich Family Foundation is located in Greensboro, NC. The organization was established in 2008. 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. David And Claudia Reich 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, David And Claudia Reich Family Foundation generated $257.2k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 2.7% each year. All expenses for the organization totaled $283.9k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, David And Claudia Reich Family Foundation has awarded 103 individual grants totaling $994,301. 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 |
|---|---|---|---|
Claudia B Reich President/director | 0 | $0 | |
David W Reich III Director | 0 | $0 | |
Peter N Reich Director | 0 | $0 | |
James W Reich Director | 0 | $0 | |
Carrie R Little Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $159,528 |
| Interest on Savings | $0 |
| Dividends & Interest | $21,008 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $76,706 |
| Capital Gain Net Income | $76,706 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $257,242 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $11,000 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $38,810 |
| Contributions, gifts, grants paid | $245,095 |
| Total expenses and disbursements | $283,905 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $151,249 |
| Savings and temporary cash investments | $0 |
| 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 | $346,975 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,406,730 |
| 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, David And Claudia Reich Family Foundation has awarded $245,095 in support to 21 organizations.
| Grant Recipient | Amount |
|---|---|
Greensboro, NC PURPOSE: TO STRENGTHEN RESILIENCE AMONG CHILDREN, FAMILIES, ADULTS AND COMMUNITIES THROUGH TRAMA-INFORMED BEHAVIORAL HEALTH SERVICES FOCUED ON PREVENTION, TREATMENT AND HEALING. | $40,000 |
COMMUNITY HOUSING SOLUTIONS PURPOSE: TO MAKE GUILFORD COUNTY HOMES WARMER, DRIER AND SAFER BY PROVIDING REPAIRS AND OWNERSHIP OPPORTUNITIES TO LOW-INCOME HOMEOWNERS. | $39,095 |
OPERATION XCEL PURPOSE: OFFERS ACADEMIC AND ENRICHMENT PROGRAMS FOR YOUTH IN KINDERGARTEN THROUGH SENIOR HIGH SCHOOL. | $32,500 |
Cary, NC PURPOSE: WHEELS4HOPE IS A NON-PROFIT, FAITH-BASED CAR DONATION PROGRAM SERVING THE GREATER RALEIGH COMMUNITY. MISSION IS TO PROVIDE AFFORDABLE, RELIABLE TRANSPORTATION TO LOW-WAGE FAMILIES AND INDIVIDUALS. STRIVES TO PROVIDE FAMILIES WITH THE VITAL LINK (TRANSPORTATION) THAT IS NECESSARY FOR THEM TO BE SELF-SUFFICIENT. | $17,500 |
GUILFORD NONPROFIT CONSORTIUM PURPOSE: COLLABORATIVE OF NONPROFIT ORGANIZATIONS IN GUILFORD COUNTY, NC THAT FOSTERS MUTUAL ASSISTANCE AND SUPPORT. | $12,500 |
A SIMPLE GESTURE PURPOSE: A SIMPLE GESTURE- GREENSBORO IS A FOOD COLLECTION PROGRAM THAT SUPPORTS THE FOOD BANKS AND PANTRIES IN GREENSBORO AND GUILFORD COUNTY. | $12,500 |
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 |
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 |
Darla Moore And Richard Rainwater Foundation Lake City, SC | $538,432,800 | $34,322,461 |
Poplar Foundation Memphis, TN | $149,801,224 | $18,419,294 |
John M Belk Endowment Charlotte, NC | $344,527,989 | $19,824,991 |
Plough Foundation Memphis, TN | $29,124,366 | $7,604,937 |
C D Spangler Foundation Inc Charlotte, NC | $547,764,463 | $34,692,558 |
The Henry W Grady Health System Foundation Inc Atlanta, GA | $41,862,389 | $12,481,516 |
Haslam Family Foundation Inc Knoxville, TN | $7,594,271 | $428,205 |
The Ezrah Charitable Trust Charlotte, NC | $259,414,844 | $89,054,665 |