Richard S Reynolds Foundation is located in Richmond, VA. The organization was established in 1957. 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. Richard S Reynolds 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, Richard S Reynolds Foundation generated $3.4m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 19.4% each year . All expenses for the organization totaled $3.5m during the year ending 06/2022. 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, Richard S Reynolds Foundation has awarded 598 individual grants totaling $17,552,230. 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.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Dorothy R Brotherton Secretary | 0.5 | $0 | |
Glenn R Martin Vice President | 0.5 | $0 | |
Randolph N Reynolds Treasurer | 0.5 | $0 | |
Richard S Reynolds III President | 0.5 | $0 |
Statement of Revenue | |
---|---|
Contributions, Gifts, Grants & Similar | $0 |
Interest on Savings | $44 |
Dividends & Interest | $637,329 |
Net Rental Income | $144,978 |
Net Gain on Sale of Assets | $2,647,507 |
Capital Gain Net Income | $2,640,152 |
Net ST Capital Gain | $0 |
Income Modifications | $0 |
Profit on Inventory Sales | $0 |
Other Income | $12,367 |
Total Revenue | $3,442,225 |
Statement of Expenses | |
---|---|
Compensation of officers, directors, trustees, etc | $0 |
Other employee salaries and wages | $54,245 |
Pension plans, employee benefits | $12,205 |
Interest | $1,515 |
Taxes | $112,220 |
Depreciation | $758 |
Occupancy | $55,602 |
Travel, conferences, and meetings | $11,605 |
Printing and publications | $0 |
Other expenses | $207,044 |
Total operating and administrative expenses | $687,398 |
Contributions, gifts, grants paid | $2,793,500 |
Total expenses and disbursements | $3,480,898 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $0 |
Savings and temporary cash investments | $1,717,315 |
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 | $2,406,771 |
Net Land, buildings, and equipment | $2,597 |
Other assets | $119,891 |
Total assets | $39,616,499 |
Accounts payable and accrued expenses | $5,553 |
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 | $5,553 |
Over the last fiscal year, Richard S Reynolds Foundation has awarded $2,793,500 in support to 89 organizations.
Grant Recipient | Amount |
---|---|
Martinsville, VA PURPOSE: 3RD OF 4/GL BALILES/RS REYNOLDS SR. LEARNING CENTER | $100,000 |
J SARGEANT REYNOLDS COLLEGE FDN PURPOSE: 5TH OF 5/REYNOLDS HONORS PROGRAM | $100,000 |
MCV FOUNDATION PURPOSE: 2ND OF 3. DR. HAROLD YOUNG CHAIR | $100,000 |
Richmond, VA PURPOSE: 1ST OF 5, RS REYNOLDS FAMILY SCHOLARSHIPS | $100,000 |
UNIVERSITY OF VIRGINIA PURPOSE: 5TH OF 5/REYNOLDS FUND FOR RESEARCH/CARDIAC & VASCULAR SURGERY | $100,000 |
MCV FOUNDATION PURPOSE: 2ND OF 4/GUPTA-LEVY TRANSPLANT RESEARCH FUND | $100,000 |
Organization Name | Assets | Revenue |
---|---|---|
The Abell Foundation Inc Baltimore, MD | $398,354,670 | $42,510,470 |
Cognizant Us Foundation Washington, DC | $53,711,221 | $1,081,755 |
J R Hyde Iii Foundation Memphis, TN | $230,354,058 | $26,306,779 |
Operating Engineers Trust Fund Of Washington D C & Vicinity Sparks, MD | $40,754,444 | $17,999,357 |
Humana Foundation Inc Louisville, KY | $467,311,073 | $9,744,567 |
C Kenneth And Dianne Wright Foundation Henrico, VA | $254,775 | $2,124,209 |
Kahlert Foundation Inc Sykesville, MD | $93,179,960 | $19,162,440 |
First Horizon Foundation Memphis, TN | $37,840,936 | $11,265,846 |
Families And Communities Rising Inc Durham, NC | $8,732,109 | $17,644,457 |
Charles A Cannon Charitable Trust N0 One Concord, NC | $132,429,020 | $9,552,538 |
Claude And Betty Harris Foundation Inc Louisville, KY | $58,528,117 | $25,952,323 |
P H P Inc Hopkinsville, KY | $1,933,207 | $15,725,161 |