The Reilly Family Foundation is a private foundation established in 2001 and based in Aledo, Texas. The foundation operates as a non-operating private foundation with a focus on supporting nonprofit organizations through grants and scholarships.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$905K
-10.3% YoY
Annual Giving
$227K
-33.9% YoY
Grant Count
31
+3.3% YoY
Avg Grant Size
$7K
-36.0% YoY
Mission & Focus Areas
The foundation's primary mission is giving for education, with particular emphasis on scholarships to high school graduates pursuing higher education. Beyond education, the foundation supports organizations in the following areas:
- Social services
- Children and youth
- Philanthropy, voluntarism, and grantmaking
- Human services
The foundation primarily serves the Dallas-Fort Worth metropolitan area and surrounding regions in Texas, with some grants extending to North Carolina and New Jersey.
Grantmaking
The foundation made 19 grants totaling $226,200 in 2024. Notable recent grants include:
Grant Range
$2,500
Average Grant
$11,000
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Geographic Focus
Where this funder awards grants
The foundation primarily supports nonprofit organizations in the Dallas-Fort Worth, Texas metropolitan area. Grant activity also extends to North Carolina and New Jersey.
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
As of December 31, 2024:
- Total assets: $904,694
- Total revenues: $130,516
- Total expenses: $234,444
- Total grants and contributions: $35,000
Revenue Composition (2024):
- Grants and contributions: $35,000
- Miscellaneous revenues: $95,516
- Investment income and dividends: $0
Historical Context: The foundation's revenue declined significantly in 2024, with grants and contributions dropping 87.1% compared to 2023 ($270,463 in 2023 vs. $35,000 in 2024).
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $904,694 | $1,008,622 | $1,012,412 |
| Revenue | $130,516 | $347,497 | $126,431 |
| Expenses | $234,444 | $350,154 | $342,948 |
| Qualifying Distributions | $232,760 | $347,463 | $341,188 |
| Net Investment Income | $93,832 | $74,343 | $29,671 |
| Distributable Amount | $136,080 | $139,506 | $146,406 |
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
154 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
- Michael A. Reilly — Chairman & Director
- Beverly A. Reilly — Vice President & Director
- Atlee Reilly — Director
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| MICHAEL A REILLY | CHAIRMAN & DIRECTOR | 1 | — |
| BEVERLY A REILLY | VP DIRECTOR | 1 | — |
| ATLEE REILLY | DIRECTOR | 0.1 | — |
| ASHER REILLY | DIRECTOR | 0.1 | — |
| DEREK PEACHEY | DIRECTOR | 0.1 | — |
| ANSON REILLY | DIRECTOR | 0.1 | — |
| AUSTIN REILLY | DIRECTOR | 0.1 | — |
| AXTON REILLY | DIRECTOR | 0.1 | — |
| RICHARD D TRUBITT | VP/ST & DIRECTOR | 0.1 | — |
Contact Information
- Address: 1017 S FM 5, Aledo, TX 76008-4558
- Telephone: 817-265-2364
Subject Areas
Focus areas based on grantmaking activity
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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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