William Neal Reynolds Residuary Trust Dtd
William Neal Reynolds Residuary Trust Dtd is a private foundation, based in Chicago, IL. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $166.5M in total assets. In 2024, it awarded 1 grant totaling $14.3M. Net investment income was $18.0M.
William Neal Reynolds Residuary Trust Dtd at a glance
In short: William Neal Reynolds Residuary Trust Dtd gave $14.3M across 1 grant in 2024 (avg $14.3M), mostly in North Carolina. Source: 2024 IRS Form 990-PF.
- Annual giving (2024)
- $14,272,688
- -2.6% vs 2023
- Grants made (2024)
- 1
- +0.0% vs 2023
- Average grant
- $14,272,688
- -2.6% vs 2023
- Median grant
- $14,272,688
- Total assets
- $166,528,763
- +1.8% vs 2023
- Primary geography
- North Carolina (100% of itemized 2024 grant dollars)
- Latest 990 filing
- Form 990-PF, 2024 View filing
Data from IRS Form 990-PF, 2024; updated September 2026.
Who William Neal Reynolds Residuary Trust Dtd funds
How this funder distributes its grants
Top Recipients
Top recipient in 2024
The largest 2024 recipient was Z Smith Reynolds Foundation ($14.3M).
Grant Size Distribution
5 grants across all recorded years
The most common grant size was $5M or more: 5 grants of 5 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of the 2024 grant dollars on its one itemized grant.
States
Cities
How William Neal Reynolds Residuary Trust Dtd gives
- Giving held roughly steady from 2021 to 2024 (+7%). Method
- In 2024 it paid out 86% 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.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2024, annual grant giving ranged from $13.2M (2020) to $16.8M (2022). In 2024 it made 1 grant totaling $14.3M.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Z Smith Reynolds Foundation Winstom Salem, NC | General Support | $14,272,688 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Net Investment Income | Distributable Amount |
|---|---|---|---|---|---|---|---|---|
| 2024 | $166,528,763 | $18,265,953 | $15,262,823 | $14,272,688 | 1 | $14,775,634 | $17,950,381 | $17,152,452 |
| 2023 | $163,534,749 | $21,576,805 | $15,654,195 | $14,646,351 | 1 | $15,183,411 | $21,054,777 | $14,809,748 |
| 2022 | $157,627,467 | $22,750,494 | $18,132,426 | $16,847,166 | 1 | $17,140,716 | $22,485,706 | $14,939,901 |
| 2021 | $153,008,234 | $7,259,404 | $14,376,923 | $13,360,065 | 1 | $13,705,316 | $7,029,290 | $17,192,417 |
| 2020 | $144,351,304 | $24,863,369 | $13,685,044 | $13,174,510 | 1 | — | $24,308,616 | $13,461,385 |
Under IRS private-foundation payout rules, William Neal Reynolds Residuary Trust Dtd reported a distributable amount of $17.2M for 2024 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
William Neal Reynolds Residuary Trust Dtd's 2024 filing lists 4 officers; all 4 officers listed in 2024 are compensated.
Officers on the 2024 filing
Lloyd P. Tate Jr.
Prior Co-Trustee
Co-Trustee → Prior Co-Trustee, 2024
On filings since 2020
1 hr/week
$71K (2020) → $8K (2024)
Virgil L. Smith
Co-Trustee
On filings since 2020
1 hr/week
$71K (2020) → $80K (2024)
Northern Trust
Co-Trustee
On filings since 2022
40 hrs/week
$312K (2022) → $455K (2024)
Piper Neal
Co-Trustee
New on the 2024 filing
1 hr/week
$72K (2024)
Former officers (1)
- Former: Wells Fargo Bank N A (2020–2021) — Trustee
Data from IRS Form 990 filings, 2020–2024. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Compensation Overview
From 2024 IRS filing
The highest reported compensation on the 2024 filing was $455K, to Northern Trust (Co-Trustee). 4 officers or directors reported compensation on that filing.
Frequently asked questions about William Neal Reynolds Residuary Trust Dtd
How much does William Neal Reynolds Residuary Trust Dtd give each year?
William Neal Reynolds Residuary Trust Dtd gave $14.3M across 1 grant in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $14.6M across 1 grant.
How large is William Neal Reynolds Residuary Trust Dtd?
William Neal Reynolds Residuary Trust Dtd reported $166.5M in total assets on its 2024 IRS Form 990-PF. It paid out $14.8M in qualifying distributions that year, against a required minimum of $17.2M (roughly 5% of its investment assets). Falling short in one year is not a violation: foundations have until the end of the next year to meet the minimum.
Where does William Neal Reynolds Residuary Trust Dtd operate?
William Neal Reynolds Residuary Trust Dtd has awarded grants in North Carolina.
What is William Neal Reynolds Residuary Trust Dtd's EIN?
William Neal Reynolds Residuary Trust Dtd's EIN (Employer Identification Number) is 56-6036636. IRS Form 990 filing data is available on this page for 2020–2024.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(1)
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2024
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