Reco Foundation
Reco Foundation is a private foundation based in Richmond, Virginia. It makes grants to qualifying public charities and does not carry on charitable activities directly.
Reco Foundation at a glance
In short: Reco Foundation gave $4.0M across 1 grant in 2025 (avg $4.0M), mostly in Virginia. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $4,000,000
- +0.0% vs 2024
- Grants made (2025)
- 1
- +0.0% vs 2024
- Average grant
- $4,000,000
- +0.0% vs 2024
- Median grant
- $4,000,000
- Total assets
- $3,970,069
- -47.8% vs 2024
- Primary geography
- Virginia (100% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990-PF, 2025 View filing
Data from IRS Form 990-PF, 2025; updated October 2026.
How to apply to Reco Foundation
- Accepts unsolicited proposals
- No
- How to Apply
-
The foundation makes contributions only to preselected charitable organizations and does not accept unsolicited requests for funds.
- Contact
Mailing address: 7000 Avery Point Way, Richmond, VA 23233
Phone: (804) 347-9765
Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.
Who Reco Foundation funds
How this funder distributes its grants
Top Recipients
Top recipient in 2025
The largest 2025 recipient was Saint Francis Manchester ($4.0M).
Grant Size Distribution
124 grants across all recorded years
The most common grant size was under $50K: 115 grants of 124 (93%).
Geographic Focus
Where this funder awards grants
All grant dollars reported for 2025 went to a recipient in Virginia.
Grant Distribution by State
Share of the 2025 grant dollars on its one itemized grant.
Cities
How Reco Foundation gives
- Giving grew 700% from 2022 to 2025. Method
- In 2025 it paid out well above its IRS minimum distribution (the 5% rule). 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 2020 to 2025, annual grant giving ranged from $500K (2022) to $4.0M (2025). In 2025 it made 1 grant totaling $4.0M.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Saint Francis Manchester Richmond, VA | To Support Capital Campaign and Building Project | $4,000,000 |
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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 |
|---|---|---|---|---|---|---|---|---|
| 2025 | $3,970,069 | $390,990 | $4,022,720 | $4,000,000 | 1 | $4,000,000 | $390,990 | $348,333 |
| 2024 | $7,601,799 | $553,205 | $4,039,246 | $4,000,000 | 1 | $4,000,000 | $519,290 | $521,590 |
| 2023 | $11,087,840 | $2,917,188 | $636,828 | $500,000 | 1 | $500,000 | $2,845,654 | $516,378 |
| 2022 | $8,807,480 | $915,706 | $609,459 | $500,000 | 40 | $500,000 | $821,708 | $622,871 |
| 2021 | $8,501,233 | $533,799 | $718,235 | $619,250 | 81 | — | $465,557 | $648,878 |
| 2020 | $8,685,669 | $514,026 | $647,143 | $571,600 | 83 | — | $452,846 | $567,572 |
Under IRS private-foundation payout rules, Reco Foundation reported a distributable amount of $348K for 2025 — the minimum it must pay out in qualifying distributions.
Research compiled by Grantable AI from public sources. Last updated October 2026.
Mission & Focus Areas
The foundation’s 2025 filing lists a grant to Saint Francis Manchester to support a capital campaign and building project. The available information does not state a broader mission or additional funding areas.
Grantmaking
In filing year 2025, the foundation reported one grant totaling $4,000,000. That grant, to Saint Francis Manchester in Richmond, Virginia, was the sole grant reported for the year.
Leadership & Key People
Leadership team and compensation from IRS filings
The 2025 filing lists Robert C Courain Jr as president and treasurer; Ruth D Courain as vice president; William M Richardson as vice president and secretary; and Robert C Courain III, Dr Franklin Luke, Allen C Goolsby III, and Lauren C Luke as directors.
Reco Foundation is led by Robert C. Courain Jr., President & Treasurer on every filing since 2020; none of the 7 officers listed in 2025 report compensation.
Officers on the 2025 filing
Robert C. Courain Jr.
President & Treasurer
On filings since 2020
No compensation reported
Allen C. Goolsby III
Director
On filings since 2020
No compensation reported
Franklin Luke
Director
On filings since 2020
No compensation reported
Lauren C. Luke
Director
On filings since 2020
No compensation reported
Robert C. Courain III
Director
On filings since 2020
No compensation reported
Ruth D. Courain
Vice President
On filings since 2020
No compensation reported
William M. Richardson
Vice President & Secretary
On filings since 2020
No compensation reported
Data from IRS Form 990 filings, 2020–2025. "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 Reco Foundation
How much does Reco Foundation give each year?
Reco Foundation gave $4.0M across 1 grant in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $4.0M across 1 grant.
How large is Reco Foundation?
Reco Foundation reported $4.0M in total assets on its 2025 IRS Form 990-PF. It paid out $4.0M in qualifying distributions that year, against a required minimum of $348K (roughly 5% of its investment assets).
What does Reco Foundation fund?
The foundation’s 2025 filing lists a grant to Saint Francis Manchester to support a capital campaign and building project. The available information does not state a broader mission or additional funding areas. See mission & focus areas ↑
How do I apply for a grant from Reco Foundation?
The foundation makes contributions only to preselected charitable organizations and does not accept unsolicited requests for funds. Eligibility and process details are in the grantmaking section of this profile. See how to apply ↑
Where does Reco Foundation make grants?
All grant dollars reported for 2025 went to a recipient in Virginia.
What is Reco Foundation's EIN?
Reco Foundation's EIN (Employer Identification Number) is 54-6039609. IRS Form 990 filing data is available on this page for 2020–2025.
Does Reco Foundation accept unsolicited proposals?
No, according to Grantable's research on the foundation's published guidelines. See how to apply ↑
Data last updated October 2026. Sourced from IRS Form 990-PF filings. Research dossier generated October 2026.
Data update history
(2)
When this profile's IRS filing data changed on Grantable
- Added Form 990-PF for fiscal year 2025 (received by the IRS July 31, 2026)
- IRS filings on file for fiscal years 2020–2024
Explore Open Grants
Browse active grant opportunities in Reco Foundation's focus areas in our free grants database
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The filing figures on this page are open data under CC BY 4.0. About GrantGraph Open
Figures come from Reco Foundation's IRS filings (methodology). AI-written summaries, news items and logos are not covered by the open licence. Spot an error? Email hello@grantable.co.
Reco Foundation down — hundreds of funders to go?