Reed Family Giving
- Assets
- $0.0
- Revenue
- $1.8m
- Investments
- $0.0
- Employees
- 0
- Location
- Palo Alto, CA
- Founding
- 10/2014
- Data as of
- 12/2019
- EIN
- 47-2118992
Organization Overview
Reed Family Giving is located in Palo Alto, CA. The organization was established in 2014. 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.
For the year ending 12/2019, Reed Family Giving generated $1.8m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 2 years, the organization has seen revenues fall by an average of (56.3%) each year. All expenses for the organization totaled $39.0m during the year ending 12/2019. You can explore the organizations financials more deeply in the financial statements section below.
Since 2018, Reed Family Giving has awarded 24 individual grants totaling $39,679,491. 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 |
|---|---|---|---|
Melinda C Reed President And Chairman Of | 1 | $0 | |
Erik J Reed Chief Financial Officer An | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $938,902 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $878,885 |
| Capital Gain Net Income | $878,885 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | -$32,157 |
| Total Revenue | $1,785,630 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $5,000 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $3,179 |
| Total operating and administrative expenses | $268,434 |
| Contributions, gifts, grants paid | $38,689,511 |
| Total expenses and disbursements | $38,957,945 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $0 |
| 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, Reed Family Giving has awarded $38,689,511 in support to 7 organizations.
| Grant Recipient | Amount |
|---|---|
SCHWAB CHARITABLE FUND PURPOSE: GENERAL SUPPORT | $37,175,711 |
RONALD MCDONALD HOUSE CHARITIES PURPOSE: GENERAL SUPPORT | $10,000 |
TAYLOR FAMILY FOUNDATION PURPOSE: GENERAL SUPPORT | $500,000 |
YELLOWSTONE CLUB COMMUNITY FOUNDATION PURPOSE: GENERAL SUPPORT | $3,600 |
THE OCEAN AGENCY PURPOSE: GENERAL SUPPORT | $500,000 |
UCSF BENIOFF CHILDREN'S HOSPITAL FOUNDATION PURPOSE: GENERAL SUPPORT | $500,000 |