The Reid Family Foundation Inc is a private foundation focused on Education, based in LOCKPORT, NY. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $594K in total assets. In 2024, it awarded 9 grants totaling $31K. Net investment income was $78K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$594K
+15.0% YoY
Annual Giving
$31K
+6.1% YoY
Grant Count
9
-18.2% YoY
Avg Grant Size
$3K
+29.7% YoY
Under IRS private-foundation payout rules, The Reid Family Foundation Inc reported a distributable amount of $35K for 2024 — the minimum it must pay out in qualifying distributions.
About The Reid Family Foundation Inc
Based on IRS filings
The Reid Family Foundation Inc is a private foundation focused on Education, based in LOCKPORT, NY. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $594K in total assets. In 2024, it awarded 9 grants totaling $31K. Net investment income was $78K.
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 | $593,889 | $516,432 | $503,657 |
| Revenue | $112,207 | $45,515 | $49,977 |
| Expenses | $34,750 | $32,740 | $23,815 |
| Qualifying Distributions | $30,640 | $28,882 | $19,900 |
| Net Investment Income | $78,310 | $15,318 | $16,298 |
| Distributable Amount | $35,238 | $28,940 | $26,220 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 9 recipients in 2024
Grant Size Distribution
47 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Junior Achievement of Wny ($10,000), Lockport Locks Heritage District Corporation ($5,000), The Fuel Foundation ($5,000).
| Recipient | Purpose | Amount |
|---|---|---|
| ATLAS NETWORK ARLINGTON, VA | CHARITABLE | $1,000 |
| DESALES CATHOLIC SCHOOL LOCKPORT, NY | CHARITABLE | $2,500 |
| FOUNDATION FOR TEACHING ECONOMICS DAVIS, CA | CHARITABLE | $1,000 |
| JUNIOR ACHIEVEMENT OF WNY BUFFALO, NY | CHARITABLE | $10,000 |
| LOCKPORT CARENET LOCKPORT, NY | CHARATIBLE | $2,000 |
| LOCKPORT LOCKS HERITAGE DISTRICT CORPORATION LOCKPORT, NY | CHARITABLE | $5,000 |
| THE CHALLENGER LEARNING CENTER OF ORLEANS NIAGARA & ERIE COUNTIES LOCKPORT, NY | CHARITABLE | $1,000 |
| THE FUEL FOUNDATION FAIRFAX, VA | CHARITABLE | $5,000 |
| THE LEADERSHIP INSTITUTE ARLINGTON, VA | CHARITABLE | $3,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| PAUL D REID | PRESIDENT | 1 | — |
| KATHRYN M REID | VICE PRESIDENT | 1 | — |
| STEVEN T REID | TREASURER | 1 | — |
| ROBERT W REID | SECRETARY | 1 | — |
| ARNOLD KELLER | DIRECTOR | — | — |
| JAMES BEDARD | DIRECTOR | — | — |
| DAVID CERVI | DIRECTOR | — | — |
| MICHAEL MURRAY | DIRECTOR | — | — |
| JOHN WHITE | DIRECTOR | — | — |
| THOMAS PALMER | DIRECTOR | — | — |
| JOSEPH PLATANIA | DIRECTOR | — | — |
| MEREDITH HARRIS | DIRECTOR | — | — |
| ELIZABETH REID | DIRECTOR | — | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is The Reid Family Foundation Inc?
The Reid Family Foundation Inc is a private foundation focused on Education, based in LOCKPORT, NY. It holds $594K in total assets as of 2024.
How large is The Reid Family Foundation Inc?
As of 2024, The Reid Family Foundation Inc holds $594K in total assets with $112K in annual revenue. It awarded 9 grants totaling $31K in 2024.
Where does The Reid Family Foundation Inc operate?
The Reid Family Foundation Inc has awarded grants in California, New York, South Carolina, Virginia.
What size grants does The Reid Family Foundation Inc award?
In 2024, The Reid Family Foundation Inc awarded 9 grants totaling $31K — an average of about $3K per grant, based on its IRS Form 990 filings.
How much is The Reid Family Foundation Inc required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, The Reid Family Foundation Inc reported a distributable amount of $35K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is The Reid Family Foundation Inc's EIN?
The Reid Family Foundation Inc's EIN (Employer Identification Number) is 16-1465512. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in The Reid Family Foundation Inc'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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