Leonard P Reaume Memorial Foundation
Leonard P Reaume Memorial Foundation is a private foundation, based in Chicago, IL. IRS filing data is available from 2019 through 2024. As of 2024, the organization holds $2.3M in total assets. In 2024, it awarded 7 grants totaling $103K. Net investment income was $111K.
Leonard P Reaume Memorial Foundation at a glance
In short: Leonard P Reaume Memorial Foundation gave $103K across 7 grants in 2024 (avg $15K). Source: 2024 IRS Form 990-PF.
- Annual giving (2024)
- $103,000
- -5.6% vs 2023
- Grants made (2024)
- 7
- +0.0% vs 2023
- Average grant
- $14,714
- -5.6% vs 2023
- Median grant
- $12,500
- Total assets
- $2,273,629
- +3.5% vs 2023
- Latest 990 filing
- Form 990-PF, 2024 View filing
Data from IRS Form 990-PF, 2024; updated October 2026.
Who Leonard P Reaume Memorial Foundation funds
How this funder distributes its grants
Top Recipients
Top 7 recipients in 2024
The largest 2024 recipient was Ghana Real Estate Professionals Association ($26K). Together the top 7 received $103K.
Grant Size Distribution
33 grants across all recorded years
The most common grant size was under $50K: 33 grants of 33 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
How Leonard P Reaume Memorial Foundation gives
- Giving held roughly steady from 2021 to 2024 (−3%). Method
- In 2024 it paid out 93% of its IRS minimum distribution (the 5% rule). Foundations have until the end of the next year to meet it. Method
From the foundation's IRS Form 990-PF filings. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2019 to 2024, annual grant giving ranged from $93K (2020) to $130K (2022). In 2024 it made 7 grants totaling $103K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Ghana Real Estate Professionals Association | Funding for curriculum development and licensing training of first thirty GREPA members | $26,000 |
| National Albanian Real Estate Association (NAREA) | To provide professional development for Women in Real Estate's Council. | $25,000 |
| Camara Nacional Inmobiliaria de Bolivia | To provide specialty courses for the professionalism and real estate career development for CNIB members. | $12,500 |
| Fedelonjas Federacion Colombiana De Lonjas De Propiedad Raiz | Funding to update and adjust Fedlonias training program. | $12,500 |
| Real Estate Academy of Mongolia | To design an investment model for Mongolia real estate sector through establishing partnerships amongst banks, financial institutions, construction developments and real estate brokerages | $10,000 |
| Real Estate Business Owners of South Africa | Funding for the continuation of the Rebosa Business Leader Programme | $10,000 |
| Asociacin Peruana de Agentes Inmobiliarios Peru (ASPAI) | Funding to create another form of basic real estate education. | $7,000 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Net Investment Income | Distributable Amount |
|---|---|---|---|---|---|---|---|---|
| 2024 | $2,273,629 | $126,385 | $120,821 | $103,000 | 7 | $103,104 | $110,635 | $110,708 |
| 2023 | $2,196,805 | $138,423 | $120,332 | $109,135 | 7 | $109,150 | $128,423 | $103,713 |
| 2022 | $2,030,735 | $43,353 | $136,296 | $130,078 | 6 | $122,925 | $50,338 | $109,782 |
| 2021 | $2,573,244 | $189,188 | $110,917 | $105,900 | 7 | $105,917 | $184,188 | $122,237 |
| 2020 | $2,418,378 | $-8,762 | $67,526 | $92,511 | 6 | — | $55,043 | $105,837 |
| 2019 | $2,317,532 | $81,433 | $178,708 | $126,786 | 6 | — | $72,461 | $109,074 |
Under IRS private-foundation payout rules, Leonard P Reaume Memorial Foundation reported a distributable amount of $111K for 2024 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
Leonard P Reaume Memorial Foundation is led by Joe Hanauer, Chair since 2024 (on filings since 2019); none of the 11 officers listed in 2024 report compensation.
Officers on the 2024 filing
Joe Hanauer
Chair
Director → Chair, 2024
On filings since 2019
2 hrs/week
No compensation reported
L. Alma Mansell
Director
Director → Vice Chair, 2023
Vice Chair → Director, 2024
On filings since 2019
1 hr/week
No compensation reported
Pat Combs
Director
On filings since 2019
1 hr/week
No compensation reported
Richard Mendenhall
Director
On filings since 2019
1 hr/week
No compensation reported
Barbara Schmerzler
Director
On filings since 2020
1 hr/week
No compensation reported
Gregory Hrabcak
Director
On filings since 2023
1 hr/week
No compensation reported
Dennis Cronk
Director
New on the 2024 filing
1 hr/week
No compensation reported
Dorcas Helfant-Browning
Director
New on the 2024 filing
1 hr/week
No compensation reported
Hanne Sagalowsky
Director
New on the 2024 filing
1 hr/week
No compensation reported
John Pierpoint
Treasurer
On filings since 2019
2 hrs/week
No compensation reported
Thomas Riley
Vice Chair
New on the 2024 filing
2 hrs/week
No compensation reported
Former officers (7)
- Former: Dorcas Helfant (2019–2023) — Vice Chair Chair
- Former: Nestor Weigand Jr. (2019–2023) — Chair
- Former: Tom Riley (2019–2023) — Director
- Former: Nancy Lane (2020–2022) — Director
- Former: Norman Flynn (2019–2021) — Director
- Former: John Flor (2019–2020) — Director
- Former: Vicki Golder Cox (2019) — Director & Partial Year
Data from IRS Form 990 filings, 2019–2024. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Frequently asked questions about Leonard P Reaume Memorial Foundation
How much does Leonard P Reaume Memorial Foundation give each year?
Leonard P Reaume Memorial Foundation gave $103K across 7 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $109K across 7 grants.
What is Leonard P Reaume Memorial Foundation's typical grant size?
Leonard P Reaume Memorial Foundation's median grant in 2024 was $12,500, and its average grant was $14,714, across 7 grants on its 2024 IRS Form 990-PF.
Does Leonard P Reaume Memorial Foundation give general operating support?
Not in 2024: none of the 7 grants with a stated purpose on Leonard P Reaume Memorial Foundation's 2024 IRS Form 990-PF were described as general or operating support.
Who are Leonard P Reaume Memorial Foundation's largest grantees?
Leonard P Reaume Memorial Foundation's largest 2024 grantees include Ghana Real Estate Professionals Association ($26,000), National Albanian Real Estate Association (NAREA) ($25,000) and Camara Nacional Inmobiliaria de Bolivia ($12,500), according to its 2024 IRS Form 990-PF. Together they received 62% of its itemized 2024 grant dollars.
How large is Leonard P Reaume Memorial Foundation?
Leonard P Reaume Memorial Foundation reported $2.3M in total assets on its 2024 IRS Form 990-PF. It paid out $103K in qualifying distributions that year, against a required minimum of $111K (roughly 5% of its investment assets). Falling short in one year is not a violation: foundations have until the end of the next year to meet the minimum.
Where does Leonard P Reaume Memorial Foundation operate?
Leonard P Reaume Memorial Foundation has awarded grants in Maryland.
What is Leonard P Reaume Memorial Foundation's EIN?
Leonard P Reaume Memorial Foundation's EIN (Employer Identification Number) is 36-3495865. IRS Form 990 filing data is available on this page for 2019–2024.
Data last updated October 2026. Sourced from IRS Form 990-PF filings.
Data update history
(3)
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2019 (received by the IRS June 18, 2020)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS October 14, 2023)
- IRS filings on file for fiscal years 2019–2024
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