Reed Foundation

GILBERTSVILLE, KY EIN: 61-1189284

Reed Foundation is a private foundation, based in GILBERTSVILLE, KY. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $2.6M in total assets. In 2024, it awarded 23 grants totaling $383K. Net investment income was $494K.

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$2.6M

+4.2% YoY

Annual Giving

$383K

+29.9% YoY

Grant Count

+4.5% YoY

Avg Grant Size

$17K

+24.2% YoY

Under IRS private-foundation payout rules, Reed Foundation reported a distributable amount of $236K for 2024 — the minimum it must pay out in qualifying distributions.

About Reed Foundation

Based on IRS filings

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

Kentucky $1.4M (95%)

Tennessee $60K (4%)

Alabama $10K (1%)

States

Alabama Kentucky Tennessee

Cities

BentonBirminghamFrankfortGilbertsvilleHardinLexingtonMemphisMurrayNashvillePaducahSmithland

Financial History

Multi-year comparison from IRS filings

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2024	2023	2022
Total Assets	$2,626,876	$2,520,016	$2,566,747
Revenue	$527,027	$249,836	$177,607
Expenses	$420,167	$296,567	$330,720
Qualifying Distributions	$382,750	$294,707	$291,892
Net Investment Income	$493,512	$247,976	$146,125
Distributable Amount	$236,036	$209,496	$17,159

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

109 grants across all recorded years

Giving History

Grant recipients and amounts by year

Among its reported 2024 grants, the largest include Marshall County Healthcare Foundation ($100,000), University of Kentucky ($100,000), Christian Fellowship Ministries ($40,000).

Recipient	Purpose	Amount
AMERICAN CANCER SOCIETY BIRMINGHAM, AL	OPERATING BUDGET	$2,000
AMERICAN RED CROSS OF LAKELAND AREA BENTON, KY	OPERATING BUDGET	$1,000
CHILDREN HOSPITAL OF VANDERBILT UNIVERSITY NASHVILLE, TN	OPERATING BUDGET	$1,000
CHRISTIAN FELLOWSHIP MINISTRIES BENTON, KY	OPERATING BUDGET	$40,000
GILBERTSVILLE FIRE PROTECTION DIST GILBERTSVILLE, KY	OPERATING BUDGET	$2,500
HOPE CLINIC BENTON, KY	OPERATING BUDGET	$10,000
JUSTICE & MERCY INTERNATIONAL NASHVILLE, TN	OPERATING BUDGET	$30,000
KENTUCKY EDUCATIONAL TELEVISION LEXINGTON, KY	OPERATING BUDGET	$5,000
KENTUCKY SHERIFFS' BOYS & GIRLS RANCH TRUST GILBERTSVILLE, KY	OPERATING BUDGET	$1,000
KENTUCKY TECHNOLOGY STUDENT ASSOCIATION FRANKFORT, KY	OPERATING BUDGET	$5,000

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

From 2024 IRS filing

From 2024 filing

Name	Title	Hours	Compensation
DAVID W REED	TRUSTEE	1	—

Frequently Asked Questions

How large is Reed Foundation?

As of 2024, Reed Foundation holds $2.6M in total assets with $527K in annual revenue. It awarded 23 grants totaling $383K in 2024.

Where does Reed Foundation operate?

Reed Foundation has awarded grants in Alabama, Kentucky, Tennessee.

What size grants does Reed Foundation award?

In 2024, Reed Foundation awarded 23 grants totaling $383K — an average of about $17K per grant, based on its IRS Form 990 filings.

How much is Reed Foundation required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2024, Reed Foundation reported a distributable amount of $236K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.