Reed Foundation Inc
- Assets
- $4.6m
- Revenue
- $619.8k
- Investments
- $5.7m
- Employees
- 0
- Location
- Atlanta, GA
- Founding
- 09/2008
- Data as of
- 12/2021
- EIN
- 26-1477372
Organization Overview
Reed Foundation Inc is located in Atlanta, GA. The organization was established in 2008. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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.
For the year ending 12/2021, Reed Foundation Inc generated $619.8k in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 6.4% each year. All expenses for the organization totaled $327.3k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Reed Foundation Inc has awarded 39 individual grants totaling $484,270. 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Glen Reed President | 1 | $0 | |
Edith Reed Vice President/treasurer | 0 | $0 | |
Alec B Reed Secretary | 0 | $0 | |
Adam C Reed Executive Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $403,096 |
| Interest on Savings | $0 |
| Dividends & Interest | $129,618 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $358,115 |
| Capital Gain Net Income | $358,115 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | -$271,042 |
| Total Revenue | $619,787 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $19,363 |
| Taxes | $63 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $56,234 |
| Total operating and administrative expenses | $80,490 |
| Contributions, gifts, grants paid | $246,850 |
| Total expenses and disbursements | $327,340 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | -$1,141,190 |
| Savings and temporary cash investments | $0 |
| 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 | $467,910 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $4,602,405 |
| 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 $246,850 in support to 20 organizations.
| Grant Recipient | Amount |
|---|---|
MAP INTERNATIONAL PURPOSE: MAP INTERNATIONAL IS A GLOBAL CHRISTIAN HEALTH AND RELIEF ORGANIZATION THAT PARTNERS WITH PEOPLE LIVING IN CONDITIONS OF POVERTY TO SAVE LIVES AND DEVELOP HEALTHIER FAMILIES AND COMMUNITIES. RECOGNIZED FOR OUR 99% EFFICIENCY RATING, WE RESPOND TO THE NEEDS OF THOSE WE SERVE BY PROVIDING MEDICINES, PREVENTING DISEASE, AND PROMOTING HEALTH TO CREATE REAL HOPE AND LASTING CHANGE. OUR MISSION IS TO ADVANCE THE TOTAL HEALTH OF PEOPLE LIVING IN THE WORLD'S POOREST COMMUNITIES. WE CARRY OUT THAT MISSION THROUGH DISEASE PREVENTION, RELIEF, AND COMMUNITY HEALTH DEVELOPMENT. | $113,750 |
Decatur, GA PURPOSE: MEDSHARE IS A NONPROFIT ORGANIZATION DEDICATED TOIMPROVING THE ENVIRONMENT AND HEALTHCARE THROUGHTHE EFFICIENT RECOVERY AND REDISTRIBUTION OFSURPLUS MEDICAL SUPPLIES AND EQUIPMENT TOUNDERSERVED HEALTHCARE | $25,000 |
Los Angeles, CA PURPOSE: WELLS BRING HOPE IS DEDICATED TO SAVING LIVES WITH SAFE WATER IN NIGER, AFRICA. | $12,600 |
Washington, DC PURPOSE: SUDAN RELIEF FUND GENERATES LONG TERM SOLUTIONS BY BUILDING SCHOOLS, HOSPITALS, AND DEVELOPING IMPORTANT PROGRAMS TO HELP EMPOWER AND EDUCATE THE PEOPLE OF SOUTH SUDAN. | $12,500 |
EMORY UNIVERSITY - ROLLINS SCHOOL OF PUBLIC HEALTH PURPOSE: OUR UNRESTRICTED ENDOWMENT IS ESSENTIAL TO THE VITALITY AND FINANCIAL SECURITY OF OUR SCHOOL, AND POWERS OUR MISSION OF EDUCATING STUDENTS, FOSTERING CUTTING-EDGE PUBLIC HEALTH RESEARCH, AND PROTECTING LIVES WORLDWIDE. | $10,000 |
CATHOLIC MEDICAL MISSION BOARD PURPOSE: CATHOLIC MEDICAL MISSION BOARD PROVIDES MEDICINES AND MEDICAL SUPPLIES, FREE OF CHARGE, TO PARTNER ORGANIZATIONS OVERSEAS. OUR PARTNERS THEN DISTRIBUTE THESE MEDICINES TO THOSE WHO LIVE IN SUBSTANDARD CONDITIONS AND HAVE LITTLE OF NO HOPE OF RECEIVING EVEN BASIC MEDICAL CARE. | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The Arthur M Blank Family Foundation Atlanta, GA | $365,187,486 | $84,889,977 |
Pyramid Peak Foundation Memphis, TN | $230,284,852 | $119,724,559 |
The Frederick A Deluca Foundation Inc Pompano Beach, FL | $724,648,898 | $109,039,821 |
Ted Arison Family Found Aventura, FL | $489,424,665 | $63,628,275 |
Arison Arts Foundation Coral Gables, FL | $423,071,215 | $88,937,143 |
Poses Family Foundation Miami Beach, FL | $501,022,398 | $55,408,716 |
Jim Moran Foundation Inc Deerfield Beach, FL | $191,270,194 | $47,763,594 |
John Bulow Campbell Foundation Atlanta, GA | $793,659,742 | $103,345,098 |
Darla Moore And Richard Rainwater Foundation Lake City, SC | $538,432,800 | $34,322,461 |
Poplar Foundation Memphis, TN | $149,801,224 | $18,419,294 |
Kovner Foundation Jupiter, FL | $0 | $19,441,586 |
Naples Children And Education Naples, FL | $64,560,487 | $12,642,425 |