William Neal Reynolds Residuary Trust Dtd

CHICAGO, IL EIN: 56-6036636

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 grants totaling $14.3M. Net investment income was $18.0M.

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$166.5M

+1.8% YoY

Annual Giving

$14.3M

-2.6% YoY

Grant Count

+0.0% YoY

Avg Grant Size

$14.3M

-2.6% YoY

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.

About William Neal Reynolds Residuary Trust Dtd

Based on IRS filings

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

North Carolina $72.3M (100%)

States

North Carolina

Cities

Winstom SalemWinston Salem

Financial History

Multi-year comparison from IRS filings

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2024	2023	2022
Total Assets	$166,528,763	$163,534,749	$157,627,467
Revenue	$18,265,953	$21,576,805	$22,750,494
Expenses	$15,262,823	$15,654,195	$18,132,426
Qualifying Distributions	$14,775,634	$15,183,411	$17,140,716
Net Investment Income	$17,950,381	$21,054,777	$22,485,706
Distributable Amount	$17,152,452	$14,809,748	$14,939,901

Giving Over Time

Total grant dollars and number of grants per year

Grant Insights

How this funder distributes its grants

Top Recipients

Top 1 recipients in 2024

Grant Size Distribution

5 grants across all recorded years

Giving History

Grant recipients and amounts by year

Among its reported 2024 grants, the largest include Z Smith Reynolds Foundation ($14,272,688).

Recipient	Purpose	Amount
Z SMITH REYNOLDS FOUNDATION WINSTOM SALEM, NC	GENERAL SUPPORT	$14,272,688

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

From 2024 IRS filing

From 2024 filing

Name	Title	Hours	Compensation
VIRGIL L SMITH	CO-TRUSTEE	1	$80,359
LLOYD P TATE JR	PRIOR CO-TRUSTEE	1	$8,366
NORTHERN TRUST	CO-TRUSTEE	40	$454,618
PIPER NEAL	CO-TRUSTEE	1	$71,992

Frequently Asked Questions

How large is William Neal Reynolds Residuary Trust Dtd?

As of 2024, William Neal Reynolds Residuary Trust Dtd holds $166.5M in total assets with $18.3M in annual revenue. It awarded 1 grants totaling $14.3M in 2024.

Where does William Neal Reynolds Residuary Trust Dtd operate?

William Neal Reynolds Residuary Trust Dtd has awarded grants in North Carolina.

What size grants does William Neal Reynolds Residuary Trust Dtd award?

In 2024, William Neal Reynolds Residuary Trust Dtd awarded 1 grants totaling $14.3M — an average of about $14.3M per grant, based on its IRS Form 990 filings.

How much is William Neal Reynolds Residuary Trust Dtd required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2024, William Neal Reynolds Residuary Trust Dtd reported a distributable amount of $17.2M on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.

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.