Gilbert Reese Family Foundation

Organization Overview

Gilbert Reese Family Foundation is located in Newark, OH. The organization was established in 1995. According to its NTEE Classification (T21) the organization is classified as: Corporate 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. Gilbert Reese Family Foundation 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, Gilbert Reese Family Foundation generated $5.1m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 53.6% each year . All expenses for the organization totaled $1.8m during the year ending 12/2021. While expenses have increased by 15.8% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.

Since 2016, Gilbert Reese Family Foundation has awarded 63 individual grants totaling $6,158,946. 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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Financial Statements

Statement of Revenue
Contributions, Gifts, Grants & Similar $955,349
Interest on Savings $14
Dividends & Interest $708,323
Net Rental Income$0
Net Gain on Sale of Assets $3,387,542
Capital Gain Net Income $3,387,542
Net ST Capital Gain $0
Income Modifications $0
Profit on Inventory Sales $0
Other Income $0
Total Revenue $5,051,228

Grants Awarded

Over the last fiscal year, Gilbert Reese Family Foundation has awarded $1,645,684 in support to 15 organizations.

Grant RecipientAmount

NEWARK DEVELOPMENT PARTNERS

PURPOSE: NEWARK ARCADE PROJECT

$600,000

NEWARK CAMPUS DEVELOPMENT FUND

Org PageRecipient Profile

Newark, OH

PURPOSE: ALFORD BUILDING FUND

$300,000

GRANVILLE ATHLETIC COMPLEX FUND

PURPOSE: PLEDGE WALTER HODGES STADIUM

$250,000

NEWARK SPORT AND EVENT COMMISSION

Org PageRecipient Profile

Newark, OH

PURPOSE: DONATION FOR NEW ZAMBONI

$125,000

LICKING COUNTY FOUNDATION

Org PageRecipient Profile

Newark, OH

PURPOSE: EMPOWER CHALLENGE

$113,000

THE ISLAMORADA FOUNDATION

Org PageRecipient Profile

Islamorada, FL

PURPOSE: DONATION

$65,000
View Grant Profile

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