Richard S Reynolds Foundation
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
78
+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.
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
Ready to take the next step with Richard S Reynolds Foundation?
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
States
Cities
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
| 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
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 AmericanFrequently 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.
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 2020–2024.
Explore Open Grants
Browse active grant opportunities in Richard S Reynolds Foundation's focus areas in our free grants database
Similar Funders
Funders that support many of the same organizations
The Community Foundation Inc
RICHMOND, VA
Assets
$852.4M
Grants
917
Total Given
$61.8M
Vanguard Charitable Endowment Program
SOUTHEASTERN, PA
Assets
$22.2B
Grants
24,269
Total Given
$3.0B
Morgan Stanley Global Impact Funding Trust Inc
INDIANAPOLIS, IN
Assets
$9.1B
Grants
19,253
Total Given
$1.2B
Charities Aid Foundation America
ALEXANDRIA, VA
Assets
$444.9M
Grants
10,157
Total Given
$466.3M
Dominion Energy Charitable Foundation
RICHMOND, VA
Assets
—
Grants
773
Total Given
$16.4M
National Philanthropic Trust
JENKINTOWN, PA
Assets
$42.2B
Grants
18,583
Total Given
$5.1B
Jpmorgan Chase Foundation
NEW YORK, NY
Assets
$1.2B
Grants
10,334
Total Given
$202.5M
The Blackbaud Giving Fund
CHARLESTON SC, SC
Assets
$52.7M
Grants
1,860
Total Given
$41.4M
The Pfizer Foundation Inc
NEW YORK, NY
Assets
$255.3M
Grants
9,306
Total Given
$23.2M
Ge Aerospace Foundation
NORWALK, CT
Assets
$22.5M
Grants
2,467
Total Given
$15.3M
Herndon Foundation
RICHMOND, VA
Assets
$62.0M
Grants
138
Total Given
$5.6M
The Ayco Charitable Foundation
COHOES, NY
Assets
$1.2B
Grants
4,719
Total Given
$287.7M
More Funders in Virginia
Data last updated June 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.