William J Rea Jr Charitable Foundation

TULSA, OK EIN: 81-2905309

William J Rea Jr Charitable Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in TULSA, OK. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $128K in total assets. In 2024, it awarded 5 grants totaling $6K. Net investment income was $2K.

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$128K

+4.1% YoY

Annual Giving

$6K

+75.0% YoY

Grant Count

+0.0% YoY

Avg Grant Size

$1K

+75.0% YoY

Under IRS private-foundation payout rules, William J Rea Jr Charitable Foundation reported a distributable amount of $6K for 2024 — the minimum it must pay out in qualifying distributions.

About William J Rea Jr Charitable Foundation

Based on IRS filings

Focus Areas

Philanthropy, Voluntarism & Grantmaking

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

Oklahoma $21K (95%)

Texas $1K (5%)

States

Oklahoma Texas

Cities

HoustonNormanTulsa

Financial History

Multi-year comparison from IRS filings

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2024	2023	2022
Total Assets	$127,752	$122,693	$114,375
Revenue	$12,060	$12,685	$13,208
Expenses	$7,028	$4,367	$5,090
Qualifying Distributions	$5,686	$3,250	$4,000
Net Investment Income	$2,374	$2,148	—
Distributable Amount	$5,898	$4,965	$4,875

Giving Over Time

Total grant dollars and number of grants per year

Grant Insights

How this funder distributes its grants

Top Recipients

Top 5 recipients in 2024

Grant Size Distribution

23 grants across all recorded years

Giving History

Grant recipients and amounts by year

Among its reported 2024 grants, the largest include Boston Ave Methodist Church ($1,250), Friends of Scouting ($1,250), Ou Foundation ($1,250).

Recipient	Purpose	Amount
BOSTON AVE METHODIST CHURCH TULSA, OK	GENERAL FUND	$1,250
FRIENDS OF SCOUTING TULSA, OK	GENERAL FUND	$1,250
FRIENDS OF THE METROPOLITAN ENVIROMENTAL TRUST TULSA, OK	GENERAL FUND	$686
OU FOUNDATION NORMAN, OK	GENERAL FUND	$1,250
TULSA AREA HABITAT FOR HUMANITY TULSA, OK	GENERAL FUND	$1,250

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

From 2024 IRS filing

From 2024 filing

Name	Title	Hours	Compensation
JAMES G REA	TRUSTEE	2	—
NANCY LEAKE SEVENOAKS	TRUSTEE	1	—
JOHN W GRIFFIN	TRUSTEE	1	—
STEPHEN WELLS	TRUSTEE	1	—
AUDREY SEVENOAKS	TRUSTEE	1	—

Subject Areas

Focus areas based on grantmaking activity

Philanthropy, Voluntarism & Grantmaking

Frequently Asked Questions

What is William J Rea Jr Charitable Foundation?

William J Rea Jr Charitable Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in TULSA, OK. It holds $128K in total assets as of 2024.

How large is William J Rea Jr Charitable Foundation?

As of 2024, William J Rea Jr Charitable Foundation holds $128K in total assets with $12K in annual revenue. It awarded 5 grants totaling $6K in 2024.

Where does William J Rea Jr Charitable Foundation operate?

William J Rea Jr Charitable Foundation has awarded grants in Oklahoma, Texas.

What size grants does William J Rea Jr Charitable Foundation award?

In 2024, William J Rea Jr Charitable Foundation awarded 5 grants totaling $6K — an average of about $1K per grant, based on its IRS Form 990 filings.

How much is William J Rea Jr Charitable Foundation required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2024, William J Rea Jr Charitable Foundation reported a distributable amount of $6K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.

What is William J Rea Jr Charitable Foundation's EIN?

William J Rea Jr Charitable Foundation's EIN (Employer Identification Number) is 81-2905309. IRS Form 990 filing data is available on this page for 2020–2024.