Richard S Reynolds Foundation

RICHMOND, VA EIN: 54-6037003 Website

The Richard S. Reynolds Foundation is a private 501(c)(3) foundation established in Richmond, Virginia in 1955. Based in Henrico, Virginia, the foundation provides assistance to community causes locally and beyond, with a focus on strengthening communities and supporting future generations.

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$40.1M

+2.9% YoY

Annual Giving

$2.6M

-12.6% YoY

Grant Count

+6.8% YoY

Avg Grant Size

$33K

-18.2% YoY

Under IRS private-foundation payout rules, Richard S Reynolds Foundation reported a distributable amount of $2.8M 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

Mission Statement: The Richard S. Reynolds Foundation is dedicated to strengthening communities and supporting future generations.

The foundation provides assistance to community causes including:

Education
Science
Healthcare
The environment
The arts
Human services
History

Since its inception, the foundation has provided over $71 million in grants to community and worldwide organizations.

Grantmaking

Grant Range

$20,000-$25,000

Average Grant

$40,600

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Geographic Focus

Where this funder awards grants

The foundation funds primarily in Virginia, New York, and Maryland, with a significant local focus in the Richmond area.

Grant Distribution by State

Virginia $7.2M (89%)

Kentucky $205K (3%)

North Carolina $170K (2%)

New York $94K (1%)

Massachusetts $88K (1%)

Maryland $88K (1%)

Florida $75K (1%)

District of Columbia $60K (1%)

+10 more states

States

Alabama Arkansas California Connecticut District of Columbia Florida Georgia Illinois Kentucky Massachusetts Maryland North Carolina New Jersey New York Tennessee Texas Virginia Washington

Cities

AbingdonAlexandriaAmherstArdenArlingtonAshlandAthensBaltimoreBedfordBentonvilleBessemerBethesdaBowling GreenBristolCambridgeCharlettesvilleCharlottesvilleChesterClearwaterClifton Forge

Financial History

Multi-year comparison from IRS filings

As of Fiscal Year Ending June 2024:

Total Assets: $40,050,201
Total Revenue: $4,165,848
Total Expenses: $3,067,548
Total Giving: $2,589,880
Total Liabilities: $6,060

Tax-Exempt Status: Since March 1957 EIN: 54-6037003

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2024	2023	2022
Total Assets	$40,050,201	$38,937,946	$39,616,499
Revenue	$4,165,848	$2,822,774	$3,442,225
Expenses	$3,067,548	$3,512,877	$3,480,898
Qualifying Distributions	$2,808,759	$3,172,686	$2,999,400
Net Investment Income	$3,802,646	$2,516,546	$3,061,807
Distributable Amount	$2,760,702	$2,525,338	$2,964,331

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

250 grants across all recorded years

Open Grants

1 open opportunity from Richard S Reynolds Foundation

Foundation

Richard S. Reynolds Foundation Grant

RICHARD S REYNOLDS FOUNDATION

Amount

Varies

Deadline

Rolling / Open

Giving History

Grant recipients and amounts by year

Among its reported 2024 grants, the largest include Crossroads Medical Mission ($125,000), 2019 Commemoration Inc ($100,000), Ashland Museum ($100,000).

Recipient	Purpose	Amount
2019 COMMEMORATION INC WILLIAMSBURG, VA	VIRGINIA 250 MOBILE MUSEUM	$100,000
AN ACHIEVABLE DREAM CERTIFIED ACADEMIES INC NEWPORT NEWS, VA	WHAT IT TAKES, HENRICO	$30,000
ANNA JULIA COOPER EPISCOPAL SCHOOL RICHMOND, VA	NEW SCHOOL BUS	$25,000
ART 180 RICHMOND, VA	COMMUNITY PROGRAM EXPENSES	$20,000
ASHLAND MUSEUM ASHLAND, VA	SECRETARIAT/REYNOLDS PLAZA	$100,000
AUGUSTA HEALTH FOUNDATION FISHERSVILLE, VA	BREAST ULTRASOUND	$50,000
BACKPACKS OF LOVE INC POWHATAN, VA	FOOD BUDGET FOR LOW INCOME STUDENTS	$15,000
BENEDICTINE COLLEGE PREPARATORY RICHMOND, VA	SEAN R. REYNOLDS WALL OF HONOR	$100,000
BLUE SKY FUND RICHMOND, VA	EXPLORER'S PROGRAM	$15,000
BOYS HOME INC COVINGTON, VA	CAPITAL CAMPAIGN FOR REPAIRS AND RENOVATIONS	$10,000

Leadership & Key People

Leadership team and compensation from IRS filings

Board of Trustees (descendants of Richard S. and Julia Louise Reynolds):

J. Sargeant Reynolds, Jr. (President)
Glenn Reynolds Martin (Vice President)
Dorothy Reynolds Brotherton (Vice President/Secretary)
Randolph N. Reynolds, Jr. (Vice President/Treasurer)

Staff:

Victoria Pitrelli (Executive Director)

Compensation Overview

From 2024 IRS filing

From 2024 filing

Name	Title	Hours	Compensation
J SARGEANT REYNOLDS JR	PRESIDENT	0.5	—
RANDOLPH N REYNOLDS JR	VP/TREASURER	0.5	—
DOROTHY R BROTHERTON	VP/SECRETARY	0.5	—
GLENN R MARTIN	VICE PRESIDENT	0.5	—

Recent News & Activity

Recent developments and announcements

The foundation has made recent grants supporting education and healthcare initiatives, including scholarships and research funding at institutions such as Winston-Salem State University and Cornell University. The foundation has also committed funding to journalism leadership initiatives and honors programs at educational institutions.

WSSU Foundation receives $60K grant for scholarships through Reynolds American

Frequently Asked Questions

What does Richard S Reynolds Foundation fund?

**Mission Statement:** The Richard S. Reynolds Foundation is dedicated to strengthening communities and supporting future generations. The foundation provides assistance to community causes including: • Education • Science • Healthcare • The environment • The arts • Human services • History Since its inception, the foundation has provided over $71 million in grants to community and worldwide organizations.

How do I apply for a grant from Richard S Reynolds Foundation?

**Grant Activity:** • 73-78 grants awarded annually • Median grant size: $20,000-$25,000 • Average grant size: $40,600 • Grant range: $3,000-$130,000 **Recent Grants (2024):** • Crossroads Medical Mission: $125,000 (Wellness Center Renovation and Construction) • Woodberry Forest School: $110,000 (RS Reynolds SR. Scholarship Fund) • MCV Foundation: $100,000 (Massey Cancer Patient Resource Center & Gupta-Levy Transplant Research Fund) **Application Status:** The foundation appears to be possibly …

Where does Richard S Reynolds Foundation make grants?

The foundation funds primarily in Virginia, New York, and Maryland, with a significant local focus in the Richmond area.

What size grants does Richard S Reynolds Foundation award?

In 2024, Richard S Reynolds Foundation awarded 78 grants totaling $2.6M — an average of about $33K per grant, based on its IRS Form 990 filings.

How much is Richard S Reynolds Foundation required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2024, Richard S Reynolds Foundation reported a distributable amount of $2.8M on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.