Richard S Reynolds Foundation
The Richard S. Reynolds Foundation is a private foundation based in Richmond, Virginia, established in 1955. It supports community causes locally and beyond, including education, science, healthcare, the environment, and the arts.
Key facts about Richard S Reynolds Foundation
In short: Richard S Reynolds Foundation gave $2.7M across 60 grants in 2025 (avg $46K), mostly in Virginia. 43% of 2025 grantees were new. Source: 2025 IRS Form 990-PF.
- EIN
- 54-6037003
- Latest 990 filing
- Form 990-PF, 2025
- Annual giving (2025)
- $2,745,500
- Grants made (2025)
- 60
- Average grant
- $45,758
- Median grant
- $50,000
- New grantees (estimate)
- 43% first-time grantees (26 of 60, 2025)
- Total assets
- $41,208,286
- Primary geography
- Virginia (79% of itemized 2025 grant dollars)
- How to apply
- The foundation’s website directs applicants to create a new Blackbaud account and submit an application through its online portal. Full details ↓
- Deadline
- The website lists October 15 for November review and April 15 for May review.
Data from IRS Form 990-PF, 2025; updated October 2026. New grantees are estimated by matching recipient names across years (methodology). Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.
Financial Overview
From 2025 IRS Form 990-PF · View filing
Total Assets
$41.2M
+2.9% YoY
Annual Giving
$2.7M
+6.0% YoY
Grant Count
60
-23.1% YoY
Avg Grant Size
$46K
+37.8% YoY
Under IRS private-foundation payout rules, Richard S Reynolds Foundation reported a distributable amount of $3.0M for 2025 — the minimum it must pay out in qualifying distributions.
Is Richard S Reynolds Foundation open to new grantees?
43%
first-time grantees, 2025
In 2025, 26 of 60 grantees (43%) were first-time recipients. First grants averaged $39K; repeat grants $51K. How we count
Medians: $34K first-time, $50K repeat.
- 35% of 2025 grantees were also funded in 2024. Method
- Giving held roughly steady from 2022 to 2025 (−2%). Method
- In 2025 it paid out 100% of its IRS minimum distribution (the 5% rule). Foundations have until the end of the next year to meet it. Method
Estimate from itemized grant lists in IRS Form 990-PF filings (2019–2025). Recipient names are matched across years, so a renamed or misspelled grantee can look new; grants to individuals are left out. Methodology.
Mission & Focus Areas
The foundation’s stated mission is to strengthen communities and support future generations. Its website identifies education, the arts, health, science, history, the environment, and people in need among the causes it has supported.
The 2025 grants include support for educational institutions, historical and commemorative projects, and community facilities. For example, Trinity Episcopal School describes its mission as providing education, athletics, and social interaction for students in grades 8–12. The Virginia Historical Society says it connects people to America’s past through Virginia’s history, while Virginia Commemorations Inc. says it supports programs marking the 250th anniversary of the American Revolution and the nation’s independence.
The foundation’s website says grant requests must come from organizations tax-exempt under IRS Section 501(c)(3), and that its normal policy is not to make gifts toward annual or operational expenses.
Grantmaking
In filing year 2025, the foundation reported 60 grants totaling $2,745,500. Grants ranged from $3,500 to $150,000, with a median of $50,000.
Among the largest 2025 grants were $150,000 to the Thomas Jefferson Foundation for renovation of its visitor center; $130,000 each to Trinity Episcopal School for the Morgan Hall expansion and Woodberry Forest School for the R.S. Reynolds Sr. Scholarship Fund; and $125,000 to the Virginia Historical Society for its 250th initiative. Other grants included $100,000 to Bellarmine University for military scholarships and programs, $100,000 to the University of Richmond for family scholarships, and $80,000 to Reynolds Homestead for a kitchen expansion and community center.
Review Cycle
The website lists October 15 for November review and April 15 for May review. The board meets in mid-November and mid-May. The website says approved applicants are notified within two weeks of the board meeting and other applicants within 30 days.
How to Apply
The foundation’s website directs applicants to create a new Blackbaud account and submit an application through its online portal. Its 2024 filing describes the application materials as a letter outlining the grant proposal, verification of the applicant’s tax-exempt status, and financial information such as a budget or financial statements. The filing states that applicants must be public charities or qualified organizations described in Section 170(c) of the Internal Revenue Code.
Open Grants
1 open opportunity from Richard S Reynolds Foundation
Ready to take the next step with Richard S Reynolds Foundation?
Geographic Focus
Where this funder awards grants
The foundation provides assistance locally and beyond. In 2025, Virginia recipients received 79% of grant dollars, followed by Maryland at 8%, Kentucky at 5%, and Minnesota and North Carolina at 2% each.
Grant Distribution by State
Share of 2025 grant dollars across all 60 itemized grants.
States
Cities
Giving Over Time
Total grant dollars and number of grants per year
From 2019 to 2025, annual grant giving ranged from $2.1M (2019) to $3.0M (2023). In 2025 it made 60 grants totaling $2.7M.
Grant Insights
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2025
The largest 2025 recipient was Thomas Jefferson Foundation Inc ($150K). Together the top 10 received $1.1M.
Grant Size Distribution
384 grants across all recorded years
The most common grant size was under $50K: 259 grants of 384 (67%).
Giving History
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Thomas Jefferson Foundation Inc Charlottesville, VA | Renovation Visitor Center | $150,000 |
| Trinity Episcopal School Richmond, VA | Morgan Hall Expansion | $130,000 |
| Woodberry Forest School Woodberry Forest, VA | RS Reynolds Sr. Scholarship Fund | $130,000 |
| Virginia Historical Society Richmond, VA | 250TH Initiative | $125,000 |
| Bellarmine University Louisville, KY | Military Scholarships and Programs | $100,000 |
| Saint Gertrude High School Richmond, VA | Science Wing/Centennial Campaign | $100,000 |
| The Jemicy School Owings Mills, MD | Capital Campaign | $100,000 |
| University of Richmond Richmond, VA | RS Reynolds Family Scholarships | $100,000 |
| Virginia Commemorations Inc Richmond, VA | Virginia 250 Mobile Museum | $100,000 |
| Reynolds Homestead Critz, VA | Kitchen Expansion/Community Center | $80,000 |
Financial History
Multi-year comparison from IRS filings
| Filing year | Assets | Revenue | Expenses | Grants |
|---|---|---|---|---|
| 2025 | $41,208,286 | $4,453,521 | $3,400,140 | $2,745,500 |
| 2024 | $40,050,201 | $4,165,848 | $3,067,548 | $2,589,880 |
| 2023 | $38,937,946 | $2,822,774 | $3,512,877 | $2,964,568 |
| Metric | 2025 | 2024 | 2023 |
|---|---|---|---|
| Total Assets | $41,208,286 | $40,050,201 | $38,937,946 |
| Revenue | $4,453,521 | $4,165,848 | $2,822,774 |
| Expenses | $3,400,140 | $3,067,548 | $3,512,877 |
| Qualifying Distributions | $2,961,653 | $2,808,759 | $3,172,686 |
| Net Investment Income | $4,052,329 | $3,802,646 | $2,516,546 |
| Distributable Amount | $2,972,287 | $2,760,702 | $2,525,338 |
Data update history
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2024 (received by the IRS November 5, 2024)
- Updated Form 990-PF for fiscal year 2025 (received by the IRS May 13, 2026)
- Added Form 990-PF for fiscal year 2019 (received by the IRS July 9, 2020)
- Updated Form 990-PF for fiscal year 2020 (received by the IRS April 30, 2021)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS January 31, 2022)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS March 2, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS October 31, 2023)
Leadership & Key People
Leadership team and compensation from IRS filings
The 2025 filing lists J. Sargeant Reynolds Jr. as president; Randolph N. Reynolds Jr. as vice president and treasurer; Dorothy R. Brotherton as vice president and secretary; and Glenn R. Martin as vice president. The foundation’s website identifies its trustees as descendants of Richard S. and Julia Louise Reynolds.
Richard S Reynolds Foundation is led by J. Sargeant Reynolds Jr., President on every filing since 2024; none of the 4 officers listed in 2025 report compensation.
Officers on the 2025 filing
J. Sargeant Reynolds Jr.
President
On filings since 2024
0.5 hrs/week
No compensation reported
Dorothy R. Brotherton
Vice President & Secretary
Secretary → Vice President & Secretary, 2024
On filings since 2019
0.5 hrs/week
No compensation reported
Glenn R. Martin
Vice President
On filings since 2019
0.5 hrs/week
No compensation reported
Randolph N. Reynolds Jr.
Vice President & Treasurer
Treasurer → Vice President & Treasurer, 2024
On filings since 2019
0.5 hrs/week
No compensation reported
Former officers (1)
- Former: Richard S. Reynolds III (2019–2023) — President
Data from IRS Form 990 filings, 2019–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Contact
Application contact: Victoria Pitrelli
Mailing address: 1403 Pemberton Rd Suite 102, Richmond, VA 23233
Phone: (804) 740-7350
Website: https://richardsreynoldsfoundation.org
Frequently asked questions about Richard S Reynolds Foundation
How much does Richard S Reynolds Foundation give each year?
Richard S Reynolds Foundation gave $2.7M across 60 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $2.6M across 78 grants.
What is Richard S Reynolds Foundation's typical grant size?
Richard S Reynolds Foundation's median grant in 2025 was $50,000, and its average grant was $45,758, across 60 grants on its 2025 IRS Form 990-PF. Organizations receiving their first grant from Richard S Reynolds Foundation that year got $39K on average.
Where does Richard S Reynolds Foundation give grants?
Richard S Reynolds Foundation gives mostly in Virginia: 79% of the grant dollars itemized on its 2025 IRS Form 990-PF went to recipients there. The next largest states were Maryland (8%) and Kentucky (5%). The most frequent recipient cities were Richmond, VA (29 grants), Baltimore, MD (3 grants), Charlottesville, VA (2 grants) and Arlington, VA (2 grants).
Does Richard S Reynolds Foundation give general operating support?
Not in 2025: none of the 60 grants with a stated purpose on Richard S Reynolds Foundation's 2025 IRS Form 990-PF were described as general or operating support.
Who are Richard S Reynolds Foundation's largest grantees?
Richard S Reynolds Foundation's largest 2025 grantees include Thomas Jefferson Foundation Inc ($150,000), Trinity Episcopal School ($130,000) and Woodberry Forest School ($130,000), according to its 2025 IRS Form 990-PF. Together they received 15% of its itemized 2025 grant dollars.
How large is Richard S Reynolds Foundation?
Richard S Reynolds Foundation reported $41.2M in total assets on its 2025 IRS Form 990-PF. It paid out $3.0M in qualifying distributions that year, against a required minimum of $3.0M (roughly 5% of its investment assets). Falling short in one year is not a violation: foundations have until the end of the next year to meet the minimum.
What does Richard S Reynolds Foundation fund?
The foundation’s stated mission is to strengthen communities and support future generations. Its website identifies education, the arts, health, science, history, the environment, and people in need among the causes it has supported. See mission & focus areas ↑
How do I apply for a grant from Richard S Reynolds Foundation?
The foundation’s website directs applicants to create a new Blackbaud account and submit an application through its online portal. Eligibility and process details are in the grantmaking section of this profile. See how to apply ↑
What is Richard S Reynolds Foundation's EIN?
Richard S Reynolds Foundation's EIN (Employer Identification Number) is 54-6037003. IRS Form 990 filing data is available on this page for 2019–2025.
Data last updated October 2026. Sourced from IRS Form 990-PF filings. Research dossier generated October 2026.
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