The David E Reese Family Foundation
The David E Reese Family Foundation is a private grantmaking foundation established in 1994 and based in Paradise Valley, Arizona. The foundation operates as a 501(c)(3) charitable organization with a focus on supporting various nonprofit causes through grants and philanthropic initiatives.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$113K
-3.2% YoY
Revenue
$37
-98.8% YoY
Qualifying Distributions
$735
Expenses
$4K
+162.9% YoY
Mission & Focus Areas
The foundation's primary funding interests include education, philanthropy, voluntarism and grantmaking, and human services. Recent grant activity indicates support for organizations working in health and medical research, as evidenced by grants to institutions such as Cleveland Clinic - Keep Memory Alive.
Grantmaking
The foundation made 32 grants in its most recent reporting year. Grant awards have historically ranged from $2,000 to $7,885,542, though recent activity shows significantly lower grant distributions. In 2023, the foundation reported total giving of $0, with total expenses of $1,446. The foundation does not appear to have published application guidelines or formal RFP processes in available sources.
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Geographic Focus
Where this funder awards grants
The foundation primarily operates in Arizona and California, with its administrative base in Paradise Valley, Arizona.
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
Most Recent Year (2023):
- Total Assets: $116,469
- Total Revenues: $3,072
- Total Expenses: $1,446
- Total Giving: $0
Prior Year (2022):
- Total Assets: Not specified in 2023 data
- Total Revenues: $78,646
- Investment Income and Dividends: $74,104
Historical Data (2020):
- Total Assets: $6,535,312
- Total Revenues: $619,788
- Total Expenses: $276,275
The foundation's financial position has experienced significant changes, with assets declining substantially from $6.5 million in 2020 to approximately $116,000 in 2023.
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $112,705 | $116,469 | $114,843 |
| Revenue | $37 | $3,072 | $78,646 |
| Expenses | $3,801 | $1,446 | $9,919,110 |
| Qualifying Distributions | $735 | — | $9,885,542 |
| Net Investment Income | — | — | $79,579 |
| Distributable Amount | $477 | $375 | $201,233 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 0 recipients in 2024
Grant Size Distribution
40 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
The foundation is led by the following officers:
- David E Reese — President
- Louise R Reese — Vice President/Secretary
- Everett D Reese — Assistant Vice President/Treasurer
- Caleb F Reese — Assistant Vice President
David E Reese, the founder, led several banking institutions in New York, Ohio, and Arizona prior to his retirement.
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| DAVID E REESE | PRESIDENT | 5 | — |
| LOUISE R REESE | VP/SECY | 5 | — |
| EVERETT D REESE | ASST VP/TREASURER | 5 | — |
| CALEB F REESE | ASST VP | 5 | — |
Contact Information
Address: 7748 N 54th Street, Paradise Valley, AZ 85253-3046
Phone: 602-288-2536
EIN: 86-0763892
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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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