William Neal Reynolds Residuary Trust Dtd

Private foundation · Grantmaker 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 grant totaling $14.3M. Net investment income was $18.0M.

Key facts about William Neal Reynolds Residuary Trust Dtd

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.

EIN
56-6036636
Latest 990 filing
Form 990-PF, 2024
Annual giving (2024)
$14,272,688
Grants made (2024)
1
Average grant
$14,272,688
Median grant
$14,272,688
Total assets
$166,528,763
Primary geography
North Carolina (100% of itemized 2024 grant dollars)

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

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

1

+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.

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.

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

1state

Share of the 2024 grant dollars on its one itemized grant.

Cities

Winstom SalemWinston-Salem

Giving Over Time

Total grant dollars and number of grants per year

$0$5M$10M$15M$20M1 grant2020 1 grant2021 1 grant2022 1 grant2023 1 grant2024

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.

Grant Insights

How this funder distributes its grants

Top Recipients

Top recipient in 2024

Z Smith Reynolds Foundation: $14.3MZ Smith Reynolds Foundation$14.3M

The largest 2024 recipient was Z Smith Reynolds Foundation ($14.3M).

Grant Size Distribution

5 grants across all recorded years

<$50K$50–100K$100–250K$250–500K$500K–1M$1–5M5$5M+

The most common grant size was $5M or more: 5 grants of 5 (100%).

Giving History

Grant recipients and amounts by year

RecipientPurposeAmount
Z Smith Reynolds Foundation Winstom Salem, NCGeneral Support$14,272,688

Financial History

Multi-year comparison from IRS filings

Revenue
Expenses
Qualifying Distributions
Net Investment Income
$0$10M$20M$30M2020 2021 2022 2023 2024
Metric202420232022
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

Data update history

When this profile's IRS filing data changed on Grantable

  1. IRS filings on file for fiscal years 2020–2024

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

Northern Trust — Co-Trustee: $455KNorthern TrustCo-Trustee$455KVirgil L Smith — Co-Trustee: $80KVirgil L SmithCo-Trustee$80KPiper Neal — Co-Trustee: $72KPiper NealCo-Trustee$72KLloyd P Tate Jr — Prior Co-Trustee: $8KLloyd P Tate JrPrior Co-Trustee$8K

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.

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