Reichert Foundation
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
45
+4.7% YoY
Avg Grant Size
$14K
-5.0% YoY
Mission & Focus Areas
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
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
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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
States
Cities
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
| 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
No grants recorded for .
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 |
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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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