REASON FOUNDATION ADVANCES A FREE SOCIETY BY DEVELOPING, APPLYING, AND PROMOTING LIBERTARIAN PRINCIPLES, INCLUDING INDIVIDUAL LIBERTY, FREE MARKETS, AND THE RULE OF LAW. WE USE JOURNALISM AND PUBLIC POLICY RESEARCH TO INFLUENCE THE FRAMEWORKS AND ACTIONS OF POLICYMAKERS, JOURNALISTS, AND OPINION LEADERS.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$25.6M
+32.2% YoY
Annual Giving
$360K
+1.2% YoY
Grant Count
1
-50.0% YoY
Avg Grant Size
$360K
+102.5% YoY
About The Reason Foundation
Based on IRS filings
The Reason Foundation is a nonprofit organization focused on Education, based in LOS ANGELES, CA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $25.6M in total assets. In 2024, it awarded 1 grants totaling $360K. Net investment income was $636K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $25,642,938 | $19,398,270 | $17,225,914 |
| Revenue | $23,300,815 | $15,456,947 | $15,233,016 |
| Expenses | $19,863,540 | $17,507,487 | $14,980,930 |
| Qualifying Distributions | — | — | — |
| Net Investment Income | $636,234 | $514,953 | $183,098 |
| Distributable Amount | — | — | — |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 1 recipients in 2024
Grant Size Distribution
4 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Equable ($360,000).
| Recipient | Purpose | Amount |
|---|---|---|
| EQUABLE LONG ISLAND CITY, NY | PENSION INTEGRITY PROJECT | $360,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| DAVID NOTT | PRESIDENT, CEO | 40 | $418,617 |
| ROBERT POOLE | FOUNDER, DIR OF TRANSPORTATION POLICY | 40 | $235,000 |
| NICHOLAS GILLESPIE | EDITOR AT LARGE | 40 | $234,517 |
| ADRIAN T MOORE | VICE PRESIDENT POLICY | 40 | $232,056 |
| JONATHAN GRAFF | CHIEF FINANCIAL OFFICER | 40 | $224,322 |
| LEONARD GILROY | VP GOVERNMENT REFORM | 40 | $221,540 |
| KATHERINE MANGU-WARD | VP/EDITOR-IN-CHIEF | 40 | $219,666 |
| MICHAEL ALISSI | VP OPERATIONS | 40 | $202,086 |
| JACQUELINE PYKE | DIRECTOR OF DEVELOPMENT | 40 | $162,167 |
| AARON STEINBERG | MARKETING DIRECTOR | 40 | $154,215 |
| CARIN MANN | DIR OF DONOR COMMUNICATIONS | 40 | $147,784 |
| JAMES EPSTEIN | EXECUTIVE EDITOR | 40 | $147,209 |
| GEORGE F OHRSTROM | BOARD CHAIR | 1 | — |
| THEODORE BARNETT | TRUSTEE | 1 | — |
| THOMAS E BEACH | TRUSTEE | 1 | — |
| BARON BOND | TRUSTEE | 1 | — |
| DREW A CAREY | TRUSTEE (LEFT 7/2024) | 1 | — |
| REBECCA DUNN | TRUSTEE | 1 | — |
| LINDA EDWARDS | TRUSTEE | 1 | — |
| PETER FARRELL | TRUSTEE | 1 | — |
| DEBBI GIBBS | TRUSTEE | 1 | — |
| C BOYDEN GRAY | TRUSTEE (LEFT 6/2024) | 1 | — |
| THOMAS W HAZLETT | TRUSTEE | 1 | — |
| BRIAN HOOKS | TRUSTEE | 1 | — |
| JAMES D JAMESON | TRUSTEE | 1 | — |
| MANUEL S KLAUSNER | TRUSTEE | 1 | — |
| JAMES LINTOTT | TRUSTEE | 1 | — |
| TRAVIS MAY | TRUSTEE | 1 | — |
| STEPHEN MODZELEWSKI | TRUSTEE | 1 | — |
| CHRIS J RUFER | TRUSTEE | 1 | — |
| RAYMOND STATA | TRUSTEE | 1 | — |
| RICHARD A WALLACE | TRUSTEE (LEFT 6/2024) | 1 | — |
| KERRY WELSH | TRUSTEE | 1 | — |
| FRED M YOUNG JR | TRUSTEE | 1 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is The Reason Foundation?
The Reason Foundation is a nonprofit organization focused on Education, based in LOS ANGELES, CA. It holds $25.6M in total assets as of 2024.
How large is The Reason Foundation?
As of 2024, The Reason Foundation holds $25.6M in total assets with $23.3M in annual revenue. It awarded 1 grants totaling $360K in 2024.
Where does The Reason Foundation operate?
The Reason Foundation has awarded grants in Florida, New York.
What size grants does The Reason Foundation award?
In 2024, The Reason Foundation awarded 1 grants totaling $360K — an average of about $360K per grant, based on its IRS Form 990 filings.
What is The Reason Foundation's EIN?
The Reason Foundation's EIN (Employer Identification Number) is 95-3298239. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in The Reason Foundation's focus areas in our free grants database
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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