Reed Foundation Inc
- Assets
- $13.4m
- Revenue
- $4.7m
- Investments
- $12.4m
- Employees
- 0
- Location
- New York, NY
- Founding
- 09/1951
- Data as of
- 12/2022
- EIN
- 13-1990017
Organization Overview
Reed Foundation Inc is located in New York, NY. The organization was established in 1951. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Reed Foundation Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Since 2019, Reed Foundation Inc has awarded 227 individual grants totaling $2,956,489. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
GRANTS GIVEN TO VARIOUS CHARITABLE ORGANIZATIONS (20 IN 2022)FOR EDUCATIONAL, SCIENTIFIC AND CHARITABLE PURPOSES
THE REED FOUNDATION MANAGED, MONITORED AND APPROVED GRANTS FOR THE RUTH LANDES MEMORIAL FUND (1 IN 2022)
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Reed Rubin President | 15 | $0 | |
Jane Gregory Rubin Secretary | 35 | $68,750 | |
Maia A Rubin Treasurer | 15 | $27,084 | |
Lara R Constable Vice-President | 15 | $27,083 | |
Peter Rubin Secretary | 15 | $27,083 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $323,990 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $4,394,296 |
| Capital Gain Net Income | $4,394,296 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $972 |
| Total Revenue | $4,719,258 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $150,000 |
| Other employee salaries and wages | $127,083 |
| Pension plans, employee benefits | $2,596 |
| Interest | $0 |
| Taxes | $94,262 |
| Depreciation | $2,952 |
| Occupancy | $207,270 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $53,751 |
| Total operating and administrative expenses | $670,214 |
| Contributions, gifts, grants paid | $368,100 |
| Total expenses and disbursements | $1,038,314 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $911,162 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $2,088 |
| Other assets | $106,837 |
| Total assets | $13,412,240 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Reed Foundation Inc has awarded $406,100 in support to 23 organizations.
| Grant Recipient | Amount |
|---|---|
BATES COLLEGE DEPT OF EDUACTION PURPOSE: EDUCATIONAL | $8,000 |
DREAMYARD PROJECT PURPOSE: EDUCATIONAL | $30,000 |
JAMIE LEE ANDRESON PURPOSE: EDUCATIONAL | $7,600 |
MERTON COLLEGE CHARITABLE CORPORATION PURPOSE: EDUCATIONAL | $125,000 |
MIDDLEBURY COLLEGE PURPOSE: EDUCATIONAL | $25,000 |
NORTHWEST CHOIRS PURPOSE: CHARITABLE | $5,000 |