The Reason for Our Hope Foundation
The mission is to spread the good news of jesus christ and his church through various multimedia resources and to make available catholic speakers who are effective instruments of this evangelization.
The Reason for Our Hope Foundation at a glance
In short: The Reason for Our Hope Foundation gave $27K across 2 grants in 2024 (avg $14K), mostly in Pennsylvania. Source: 2024 IRS Form 990.
- Annual giving (2024)
- $27,393
- -8.7% vs 2023
- Grants made (2024)
- 2
- +0.0% vs 2023
- Average grant
- $13,697
- -8.7% vs 2023
- Median grant
- $13,697
- Total assets
- $1,172,650
- +2.4% vs 2023
- Primary geography
- Pennsylvania (100% of itemized 2024 grant dollars)
- Latest 990 filing
- Form 990, 2024 View filing
Data from IRS Form 990, 2024; updated September 2026.
Who The Reason for Our Hope Foundation funds
How this funder distributes its grants
Top Recipients
Top 2 recipients in 2024
The largest 2024 recipient was St Lukes Church ($17K). Together the top 2 received $27K.
Grant Size Distribution
9 grants across all recorded years
The most common grant size was under $50K: 9 grants of 9 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2024 grant dollars across all 2 itemized grants.
States
Cities
How The Reason for Our Hope Foundation gives
- Giving grew 37% from 2021 to 2024. Method
From the foundation's IRS Form 990 filings. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2024, annual grant giving ranged from $10K (2020) to $30K (2023). In 2024 it made 2 grants totaling $27K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| St Lukes Church Erie, PA | To further the mission of spreading the good news of jesus christ and his church | $17,393 |
| The Sisters of Sacred Heart Erie, PA | To further the mission of spreading the good news of jesus christ and his church | $10,000 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Net Investment Income |
|---|---|---|---|---|---|---|
| 2024 | $1,172,650 | $511,809 | $484,293 | $27,393 | 2 | $9,250 |
| 2023 | $1,145,134 | $495,177 | $478,000 | $30,000 | 2 | $697 |
| 2022 | $1,130,703 | $550,938 | $542,909 | $20,000 | 2 | $34 |
| 2021 | $1,125,860 | $461,960 | $468,990 | $20,000 | 2 | $-37,023 |
| 2020 | $1,133,972 | $541,325 | $456,751 | $10,000 | 1 | $15 |
About The Reason for Our Hope Foundation
Based on IRS filings
The Reason for Our Hope Foundation is a public charity focused on religion, based in Erie, PA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $1.2M in total assets. In 2024, it awarded 2 grants totaling $27K. Net investment income was $9K.
Focus Areas
Leadership & Key People
Officers and directors from IRS filings
The Reason for Our Hope Foundation is led by Father Larry Richards, President on every filing since 2020; 1 of 11 officers listed in 2024 is compensated.
Officers on the 2024 filing
Father Larry Richards
President
On filings since 2020
20 hrs/week
$18K (2020) → $0 (2024)
Maureen Trabold
Executive Director
On filings since 2022
40 hrs/week
$32K (2022) → $67K (2024)
Daniel Schaaf
Board Member
On filings since 2020
1 hr/week
No compensation reported
Debra A. Thompson
Secretary
On filings since 2020
1 hr/week
No compensation reported
James McCarthy
Board Member
On filings since 2020
1 hr/week
No compensation reported
Scott L. Wallen
Board Member
On filings since 2020
1 hr/week
No compensation reported
Andrew Noll
Board Member
On filings since 2021
1 hr/week
No compensation reported
Erik Hiss
Board Member
On filings since 2021
1 hr/week
No compensation reported
Mike Bishop
Board Member
On filings since 2021
1 hr/week
No compensation reported
Joe Pizzino
Board Member
On filings since 2022
1 hr/week
No compensation reported
John Saxon
Board Member
On filings since 2023
1 hr/week
No compensation reported
Former officers (4)
- Former: Mary Therese Craig (2020–2022) — Former Executive Director
- Former: Arthur Martinucci (2020–2021) — Board Member
- Former: Cary Chludzinski (2020–2021) — Treasurer
- Former: Richard Gerbracht (2020–2021) — Board Member
Data from IRS Form 990 filings, 2020–2024. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Compensation Overview
From 2024 IRS filing
The highest reported compensation on the 2024 filing was $67K, to Maureen Trabold (Executive Director).
Frequently asked questions about The Reason for Our Hope Foundation
How much does The Reason for Our Hope Foundation give each year?
The Reason for Our Hope Foundation gave $27K across 2 grants in 2024, according to its 2024 IRS Form 990. In 2023 it gave $30K across 2 grants.
How large is The Reason for Our Hope Foundation?
The Reason for Our Hope Foundation reported $1.2M in total assets on its 2024 IRS Form 990. Its revenue that year was $512K.
What is The Reason for Our Hope Foundation?
The Reason for Our Hope Foundation is a public charity focused on religion, based in Erie, PA. It holds $1.2M in total assets as of 2024.
Where does The Reason for Our Hope Foundation operate?
The Reason for Our Hope Foundation has awarded grants in Pennsylvania.
What is The Reason for Our Hope Foundation's EIN?
The Reason for Our Hope Foundation's EIN (Employer Identification Number) is 20-1674258. IRS Form 990 filing data is available on this page for 2020–2024.
Data last updated September 2026. Sourced from IRS Form 990 filings.
Data update history
(6)
When this profile's IRS filing data changed on Grantable
- Updated Form 990 for fiscal year 2020 (received by the IRS November 12, 2021)
- Updated Form 990 for fiscal year 2021 (received by the IRS November 10, 2022)
- Updated Form 990 for fiscal year 2022 (received by the IRS November 15, 2023)
- Updated Form 990 for fiscal year 2023 (received by the IRS November 14, 2024)
- Updated Form 990 for fiscal year 2024 (received by the IRS November 13, 2025)
- IRS filings on file for fiscal years 2020–2024
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