The Reeder Foundation is a private grantmaking foundation established in October 2001 in Boston, Massachusetts. The foundation was created by Paul A. Reeder III, founder and president of PAR Capital Management, a private investment partnership. Operating as a private non-operating foundation with minimal overhead, the Reeder Foundation focuses on supporting charitable organizations through unrestricted grants to preselected recipients.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$62.7M
+28.8% YoY
Annual Giving
$4.4M
+46.8% YoY
Grant Count
13
+18.2% YoY
Avg Grant Size
$340K
+24.3% YoY
Mission & Focus Areas
The foundation's grantmaking focuses primarily on:
- Education and Youth Development — with particular emphasis on workforce development programs that help underserved populations access career opportunities
- Philanthropy and Grantmaking — supporting nonprofit infrastructure and social innovation
- Human Services — programs serving vulnerable populations
Grantmaking
The foundation makes unrestricted grants to preselected organizations only. There is no public application process.
Grant Range
$40,000 – $800,000
Average Grant
amount: $273,636
How to Apply
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Geographic Focus
Where this funder awards grants
The foundation's primary geographic focus areas are:
- Massachusetts (primary focus)
- District of Columbia
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
Assets:
- 2023: $48,644,317
- 2024: $62,700,000 (approximately)
- Growth from 2011: $11,600,000 (demonstrating consistent growth over 13 years)
Revenue (2023):
- Total grants and contributions: $4,401,735
- Investment income and dividends: $1,274,809
- Net gain from sale of non-inventory assets: $2,597,181
- Miscellaneous revenues: $931,636
- Total revenues: $9,205,361
Expenses (2023):
- Total expenses: $3,536,941
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $62,669,675 | $48,644,317 | $37,119,881 |
| Revenue | $26,653,730 | $9,205,361 | $5,622,646 |
| Expenses | $6,064,471 | $3,536,941 | $3,494,648 |
| Qualifying Distributions | $4,460,185 | $3,036,500 | $3,065,500 |
| Net Investment Income | $13,090,176 | $4,201,529 | $942,944 |
| Distributable Amount | $2,651,889 | $1,966,903 | $1,955,068 |
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
57 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
Paul A. Reeder III — Founder and Director
- Sole director of the foundation
- Dedicates approximately one hour per week to foundation activities
- Receives no compensation
- Education: B.A. from Oberlin College (1983); Master's degree from MIT Sloan School of Management (1985)
- Background: Former airline analyst at Loomis Sayles & Co.; co-founder of PAR Capital Management
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| PAUL A REEDER III | DIRECTOR | 1 | — |
Contact Information
- Phone: 617-526-8994
- Address: 200 Clarendon Street, 48th Floor, Boston, MA 02116-5373
- EIN: 04-3542100
- Website: None publicly available
Subject Areas
Focus areas based on grantmaking activity
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Similar funders by location and focus area
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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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