The Reams Foundation Inc
The Reams Foundation Inc is a private foundation based in Charleston, South Carolina. Established in 1994, it operates as a non-operating foundation with a 501(c)(3) tax-exempt designation. The foundation maintains total assets of $36.4 million and focuses on general charitable giving across multiple states.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$36.4M
+3.7% YoY
Annual Giving
$1.5M
-13.7% YoY
Grant Count
20
+11.1% YoY
Avg Grant Size
$77K
-22.3% YoY
Mission & Focus Areas
The foundation primarily funds general giving with a focus on:
- Education
- Philanthropy, Voluntarism & Grantmaking
- Human Services
- Human Rights
- Social Justice
- Social Science & Humanities
Grantmaking
The foundation only makes contributions to preselected charitable organizations and does not accept unsolicited applications.
Grant Range
$1,000 to $565,000
Average Grant
amount: $86,000
How to Apply
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Geographic Focus
Where this funder awards grants
The foundation distributes funding across multiple states, with primary focus on:
- Virginia
- Indiana
- Michigan
- Arizona
These three states account for approximately 53% of all grants. Grantmaking reaches organizations across 10 states total.
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
As of Fiscal Year 2024:
- Total Assets: $36,371,012
- Total Revenue: $1,313,450
- Total Expenses: $2,113,693
- Net Income: -$800,243
- Total Liabilities: $0
Revenue Breakdown (2024):
- Investment income and dividends: $1,309,184
- Total grants and contributions: $0
Historical Asset Growth:
- 2011: $16.9 million
- 2023: $35.1 million
- 2024: $36.4 million
Annual Giving Trends:
- 2020: $1.1 million
- 2022: $1.8 million (highest grantmaking activity with 19 grants)
- 2023: $1.8 million
- 2024: $1.548 million
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $36,371,012 | $35,081,251 | $31,925,892 |
| Revenue | $1,313,450 | $3,148,460 | $1,442,124 |
| Expenses | $2,113,693 | $2,383,402 | $2,396,013 |
| Qualifying Distributions | $1,866,133 | $2,170,520 | $2,009,818 |
| Net Investment Income | $2,746,622 | $3,238,942 | $2,398,610 |
| Distributable Amount | $2,379,323 | $2,043,738 | $2,016,440 |
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
90 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
- Principal Officer: Fred W Reams
- The foundation is governed by 6 officers and trustees
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| FRED W REAMS | PRES/DIR | 1 | — |
| KAREN A REAMS | VP/DIRECTOR | 1 | — |
| KAREN E SABOE | SECRETARY/DIR | 15 | — |
| MATTHEW D REAMS | DIRECTOR | 20 | — |
| KRISTEN A CARTER | DIRECTOR | 1 | — |
| KIMBERLY A COLE | DIRECTOR | 1 | — |
Contact Information
- Phone: (843) 303-0621
- Location: Charleston, South Carolina
- EIN: 35-1933846
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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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