Three Reasons Foundation Inc

Foundation · Grantmaker Sheridan, IN EIN: 84-4032794

Three Reasons Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in Sheridan, IN. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $98K in total assets. In 2024, it awarded 2 grants totaling $2K. Net investment income was $2K.

Key facts about Three Reasons Foundation Inc

EIN: 84-4032794
Latest 990 filing: Form 990-PF, 2024
Annual giving (2024): $2,000
Grants made (2024): 2
Average grant: $1,000
Median grant: $1,000
Total assets: $98,084
Primary geography: Florida (50% of itemized 2024 grant dollars)

Data from IRS Form 990-PF, 2024; updated September 2026.

How Three Reasons Foundation Inc gives

Giving fell 27% from 2021 to 2024. Method
In 2024 it paid out 79% of its IRS minimum distribution (the 5% rule). Foundations have until the end of the next year to meet it. Method

From the foundation's IRS Form 990-PF filings. Methodology.

Next steps with Three Reasons Foundation Inc

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Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$98K

Annual Giving

$2K

Grant Count

Avg Grant Size

$1K

Under IRS private-foundation payout rules, Three Reasons Foundation Inc reported a distributable amount of $3K for 2024 — the minimum it must pay out in qualifying distributions.

About Three Reasons Foundation Inc

Based on IRS filings

Focus Areas

Philanthropy, Voluntarism & Grantmaking

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

Florida $1K (50%)

Ohio $1K (50%)

Share of all 2 itemized 2024 grant dollars.

States

Florida Ohio

Cities

GainesvilleAda

Financial History

Multi-year comparison from IRS filings

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2024	2023	2022
Total Assets	$98,084	—	$47,004
Revenue	$52,372	—	$2,014
Expenses	$2,525	—	$2,500
Qualifying Distributions	$2,000	—	$2,000
Net Investment Income	$2,372	—	$2,014
Distributable Amount	$2,529	—	—

Data update history

When this profile's IRS filing data changed on Grantable

March 3, 2026 IRS filings on file for fiscal years 2020–2024

Giving Over Time

Total grant dollars and number of grants per year

Grant Insights

How this funder distributes its grants

Top Recipients

Top 2 recipients in 2024

Grant Size Distribution

7 grants across all recorded years

Giving History

Grant recipients and amounts by year

Among its reported 2024 grants, the largest recipients include University of Florida Foundation ($1,000), Ohio Northern University ($1,000).

Recipient	Purpose	Amount
University of Florida Foundation Gainesville, FL	Educational	$1,000
Ohio Northern University Ada, OH	Educational	$1,000

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

No officer or director reported compensation in the available filings.

From 2024 IRS filing

Name	Title	Hours	Compensation
Tyler Koschnick	President	1	—
Janelle Koschnick	Secretary	1	—

Subject Areas

Focus areas based on grantmaking activity

Philanthropy, Voluntarism & Grantmaking

Frequently Asked Questions

What is Three Reasons Foundation Inc?

Three Reasons Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in Sheridan, IN. It holds $98K in total assets as of 2024.

How large is Three Reasons Foundation Inc?

As of 2024, Three Reasons Foundation Inc holds $98K in total assets with $52K in annual revenue. It awarded 2 grants totaling $2K in 2024.

Where does Three Reasons Foundation Inc operate?

Three Reasons Foundation Inc has awarded grants in Florida, Ohio.

What size grants does Three Reasons Foundation Inc award?

In 2024, Three Reasons Foundation Inc awarded 2 grants totaling $2K — an average of about $1K per grant, based on its IRS Form 990 filings.

How much is Three Reasons Foundation Inc required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2024, Three Reasons Foundation Inc reported a distributable amount of $3K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.