Zachary Smith Reynolds Trust
Zachary Smith Reynolds Trust is a private foundation, based in Pittsburgh, PA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $205.1M in total assets. In 2024, it awarded 1 grant totaling $10.0M. Net investment income was $29.2M.
Zachary Smith Reynolds Trust at a glance
In short: Zachary Smith Reynolds Trust gave $10.0M across 1 grant in 2024 (avg $10.0M), mostly in North Carolina. Source: 2024 IRS Form 990-PF.
- Annual giving (2024)
- $10,003,861
- -2.5% vs 2023
- Grants made (2024)
- 1
- +0.0% vs 2023
- Average grant
- $10,003,861
- -2.5% vs 2023
- Median grant
- $10,003,861
- Total assets
- $205,145,375
- +9.2% 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 Zachary Smith Reynolds Trust funds
How this funder distributes its grants
Top Recipients
Top recipient in 2024
The largest 2024 recipient was Z Smith Reynolds Foundation ($10.0M).
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 Zachary Smith Reynolds Trust gives
- Giving held roughly steady from 2021 to 2024 (+3%). Method
- In 2024 it paid out 94% 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 $9.7M (2021) to $11.6M (2022). In 2024 it made 1 grant totaling $10.0M.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Z Smith Reynolds Foundation Winston-Salem, NC | General Support | $10,003,861 |
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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 | $205,145,375 | $30,066,257 | $11,376,212 | $10,003,861 | 1 | $10,084,830 | $29,203,695 | $10,747,080 |
| 2023 | $187,816,465 | $8,232,510 | $11,102,908 | $10,264,707 | 1 | $10,301,239 | $7,406,784 | $10,040,393 |
| 2022 | $189,426,823 | $15,508,262 | $12,765,344 | $11,641,706 | 1 | $11,682,027 | $14,669,667 | $10,305,028 |
| 2021 | $187,892,547 | $20,789,622 | $10,943,925 | $9,732,061 | 1 | $9,774,880 | $19,802,263 | $11,684,625 |
| 2020 | $179,282,913 | $12,369,722 | $10,514,276 | $9,783,939 | 1 | — | $11,591,722 | $9,767,043 |
Under IRS private-foundation payout rules, Zachary Smith Reynolds Trust reported a distributable amount of $10.7M for 2024 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
Zachary Smith Reynolds Trust's only listed officer is PNC Bank N A, Trustee on every filing since 2020 (compensated).
Officers on the 2024 filing
PNC Bank N A
Trustee
On filings since 2020
1 hr/week
$351K (2020) → $405K (2024)
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 $405K, to PNC Bank N a (Trustee).
Frequently asked questions about Zachary Smith Reynolds Trust
How much does Zachary Smith Reynolds Trust give each year?
Zachary Smith Reynolds Trust gave $10.0M across 1 grant in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $10.3M across 1 grant.
How large is Zachary Smith Reynolds Trust?
Zachary Smith Reynolds Trust reported $205.1M in total assets on its 2024 IRS Form 990-PF. It paid out $10.1M in qualifying distributions that year, against a required minimum of $10.7M (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 Zachary Smith Reynolds Trust operate?
Zachary Smith Reynolds Trust has awarded grants in North Carolina.
What is Zachary Smith Reynolds Trust's EIN?
Zachary Smith Reynolds Trust's EIN (Employer Identification Number) is 52-6021749. 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
Explore Open Grants
Browse active grant opportunities in Zachary Smith Reynolds Trust's focus areas in our free grants database
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