The Carl Marshall Reeves and Mildred Almen Reeves Foundation is a private foundation established in 1997 in Indiana and currently headquartered in Fenton, Missouri. The foundation was created by Mildred Reeves in honor of her late husband, Carl Reeves. It operates as a 501(c)(3) organization with no employees and provides direct support to various organized charitable organizations through earnings from investments.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$14.7M
+1.4% YoY
Annual Giving
$750K
+6.9% YoY
Grant Count
32
+23.1% YoY
Avg Grant Size
$23K
-13.1% YoY
Mission & Focus Areas
The foundation's purpose is divided equally between two primary focus areas:
50% Local Community Support: Grants to organized charities in the Columbus, Indiana area, with particular interest in education, history, and the arts. Funding priorities include social services, health, education, community development, civic affairs, children and youth, and arts and culture.
50% Medical Research: Funding for macular degeneration of the eye research at universities and medical centers throughout the United States.
The foundation maintains a strict overhead policy: awarded monies may not be used for overhead, indirect administrative costs, or endowment funds. Grants are intended to fund projects themselves or capital expenditures.
Grantmaking
Grant Range
& Activity**: The foundation made 37 grants in 2024. Typical award amounts range from $200 to $206,434.
Review Cycle
May 15; notification targeted for July 31
How to Apply
**:
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Geographic Focus
Where this funder awards grants
- Primary: Columbus, Indiana area for local organized charities
- Secondary: National scope for macular degeneration research institutions (universities and medical centers throughout the United States)
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
As of 2024:
- Total Assets: $14,722,956
- Total Revenues: $1,123,872
- Total Expenses: $921,259
- EIN: 35-2026200
- Tax-exempt since January 1998
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $14,722,956 | $14,520,856 | $13,514,699 |
| Revenue | $1,123,872 | $1,893,694 | $1,780,580 |
| Expenses | $921,259 | $879,330 | $1,219,057 |
| Qualifying Distributions | $815,424 | $762,730 | $1,136,829 |
| Net Investment Income | $1,018,037 | $1,777,094 | $1,698,352 |
| Distributable Amount | $852,490 | $781,319 | $820,122 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
Grant Size Distribution
158 grants across all recorded years
Open Grants
2 open opportunities from Carl Marshall Reeves and
Giving History
Grant recipients and amounts by year
No grants recorded for .
Leadership & Key People
Leadership team and compensation from IRS filings
Board of Directors:
- Mary Ann Nunn - President/Treasurer
- Lisa M DeBord - Vice President/Secretary
- Dr. Stephen G Brueggemann
- Shane Yates
- Janae Norman
- Ashley Abner
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| MARY ANN NUNN | PRESIDENT / TREASURER | 3 | $1,800 |
| LISA M DEBORD | VICE PRESIDENT / SECRETARY | 1 | $1,800 |
| ASHLEY ABNER | DIRECTOR | 1 | $1,800 |
| STEPHEN BRUEGGEMANN | DIRECTOR | 1 | $3,000 |
| SHANE M YATES | DIRECTOR | 1 | $3,000 |
| JANAE E FRANKE - NORMAN | DIRECTOR | 1 | $1,800 |
Contact Information
Mailing Address: Carl Marshall Reeves & Mildred Almen Reeves Foundation, Inc. Attn: Mary Ann Nunn 346 Harbor Bluff Drive Fenton, MO 63026
Phone: 812-343-1787
Email: nunnmaryann@gmail.com
Subject Areas
Focus areas based on grantmaking activity
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Data last updated April 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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