Reichert Foundation

LAKE FOREST, IL EIN: 36-3487139 Website

The Reichert Foundation is a private foundation based in Lake Forest, Illinois, established in 1986. The foundation focuses on philanthropic giving to organizations serving disadvantaged populations and those addressing critical health needs.

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$12.5M

+5.2% YoY

Annual Giving

$617K

-0.6% YoY

Grant Count

+4.7% YoY

Avg Grant Size

$14K

-5.0% YoY

Under IRS private-foundation payout rules, Reichert Foundation reported a distributable amount of $725K for 2024 — the minimum it must pay out in qualifying distributions.

Research compiled by Grantable AI from public sources. Last updated April 2026.

Mission & Focus Areas

Primary funding areas include:

Health
Human services
Family services
Child welfare
Education
Voluntarism and grantmaking

Grantmaking

The foundation does not accept unsolicited applications. Grantmaking is by invitation only.

Grant Range

$1,000–$65,000

Average Grant

amount: $62

How to Apply

Ready to take the next step with Reichert Foundation?

Assess fit for your org Draft an LOI Find open RFPs

Geographic Focus

Where this funder awards grants

The foundation operates primarily across the United States, with particular focus in:

Illinois (especially Lake Forest and Chicago area)
Colorado
Wisconsin

The foundation also supports organizations in other states including New York and Texas.

Grant Distribution by State

Illinois $1.5M (66%)

Colorado $245K (11%)

Wisconsin $123K (5%)

Virginia $110K (5%)

Florida $90K (4%)

North Carolina $71K (3%)

Arkansas $46K (2%)

California $44K (2%)

+5 more states

States

Arkansas California Colorado Florida Idaho Illinois Massachusetts North Carolina New York Texas Virginia Washington Wisconsin

Cities

AvonCambridgeCharlotteChicagoDallasDenverEagleEvanstonFederal WayFond Du LacHesperusLake ForestLibertyvilleLittle RockManhattan BeachMerrifieldMilwaukeeNew YorkNorth ChicagoNorthbrook

Financial History

Multi-year comparison from IRS filings

Assets & Giving:

Total assets: $11,866,598–$11.87 million
Total annual giving: $620,750–$621,000
Annual expenses: $671,590
Annual revenue: $254,959
Giving rate: 5.2% of assets

Most Recent Filing: 2023 IRS Form 990

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2024	2023	2022
Total Assets	$12,478,015	$11,866,598	$12,283,261
Revenue	$1,353,938	$254,959	$5,154,240
Expenses	$742,518	$671,590	$718,896
Qualifying Distributions	$648,583	$656,089	$662,041
Net Investment Income	$334,585	—	$190,483
Distributable Amount	$724,589	$631,141	$559,942

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

228 grants across all recorded years

Giving History

Grant recipients and amounts by year

Among its reported 2024 grants, the largest include Chicago Food Depository Chicago IL ($65,000), Lake County Pads Program Libertyville IL ($57,500), Chicago Coalition for the Homeless ($55,000).

Recipient	Purpose	Amount
A Safe Place Zion, IL	General Operating purposes	$10,000
Alzheimers Foundation Chicago, IL	General Operations	$8,000
American Lung Cancer Association Chicago, IL	General Operations	$10,000
American Red Cross Chicago, IL	General Operations	$20,000
Arnold Palmer Medical Center Foundation Orlando, FL	General Operating Purposes	$15,000
Boys and Girls clubs North Chicago, IL	General Operating Purposes	$7,000
Christian Outreach of Lutherans Waukegan, IL	General Operating Purposes	$8,000
Cystic Fibrosis Foundation Denver, CO	General Operations	$15,000
Faraja School Charlotte, NC	Help for disabled children	$5,000
First Presbyterian Work Trip Fund Lake Forest, IL	Work Trip	$5,000

Leadership & Key People

Leadership team and compensation from IRS filings

Key personnel include:

Susan Milanak — Executive Director (part-time, $30,000 compensation)
John Reichert — Director
Terri Reichert — Director

Compensation Overview

From 2024 IRS filing

From 2024 filing

Name	Title	Hours	Compensation
Susan Milanak	Executive Director	2	$30,000
John Reichert	Director	—	$4,500
Drew Brooks	Director	—	$4,500
Terri Reichert	Director	—	$4,500
Jack Milanak	Director	—	$4,500
Spencer Milanak	Director	—	$4,500

Frequently Asked Questions

What does Reichert Foundation fund?

The foundation principally donates to organizations that provide food, clothing, and shelter to disadvantaged persons. The foundation also supports disaster relief organizations and organizations that provide care to critically ill children. Primary funding areas include: • Health • Human services • Family services • Child welfare • Education • Voluntarism and grantmaking

How do I apply for a grant from Reichert Foundation?

**Grant Activity:** • Total annual giving: $620,750–$621,000 • Number of grants: 43 (most recent year) • Grant range: $1,000–$65,000 • Median grant size: $8,000 • Average grant amount: $62 **Application Process:** The foundation does not accept unsolicited applications. Grantmaking is by invitation only. **Recent Grantees:** The foundation supports a diverse range of organizations including: • A Safe Place (Waukegan, IL) — $5,000 • AIDS Foundation — $2,000 • Alzheimer Foundation (Chicago, IL) —…

Where does Reichert Foundation make grants?

The foundation operates primarily across the United States, with particular focus in: • Illinois (especially Lake Forest and Chicago area) • Colorado • Wisconsin The foundation also supports organizations in other states including New York and Texas.

What size grants does Reichert Foundation award?

In 2024, Reichert Foundation awarded 45 grants totaling $617K — an average of about $14K per grant, based on its IRS Form 990 filings.

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

Private foundations must generally distribute about 5% of their assets annually. For 2024, Reichert Foundation reported a distributable amount of $725K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.