Virginia Sargeant Reynolds Foundation
- Assets
- $30.1m
- Revenue
- $2.0m
- Investments
- $28.4m
- Employees
- 0
- Location
- Richmond, VA
- Founding
- 12/1991
- Data as of
- 12/2023
- EIN
- 54-1595360
Organization Overview
Virginia Sargeant Reynolds Foundation is located in Richmond, VA. The organization was established in 1991. 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. Virginia Sargeant Reynolds 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 12/2023, Virginia Sargeant Reynolds Foundation generated $2.0m in total revenue. The organization has seen a slow decline revenue. Over the past 5 years, revenues have fallen by an average of (2.8%) each year. All expenses for the organization totaled $2.0m during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Virginia Sargeant Reynolds Foundation has awarded 196 individual grants totaling $6,968,500. 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 |
|---|---|---|---|
J Sargeant Reynolds Jr President | 1 | $0 | |
Austin Brockenbrough III Director | 1 | $0 | |
Richard Roland Reynolds Director | 1 | $0 | |
Virginia R Parker Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $23,776 |
| Dividends & Interest | $198,752 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $26,418 |
| Capital Gain Net Income | $26,418 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $1,714,112 |
| Total Revenue | $1,963,058 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $64,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $6,989 |
| Taxes | $15,011 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $103,761 |
| Total operating and administrative expenses | $273,905 |
| Contributions, gifts, grants paid | $1,760,000 |
| Total expenses and disbursements | $2,033,905 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $37,842 |
| Savings and temporary cash investments | $915,339 |
| 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 | $26,281,531 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $750,000 |
| Total assets | $30,107,532 |
| 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 | $688,160 |
| Total liabilities | $688,160 |
Grants Awarded
Over the last fiscal year, Virginia Sargeant Reynolds Foundation has awarded $1,760,000 in support to 51 organizations.
| Grant Recipient | Amount |
|---|---|
ART 180 PURPOSE: GENERAL PURPOSES | $25,000 |
BOYS AND GIRLS CLUB OF METRO RICHMOND PURPOSE: GENERAL PURPOSES | $25,000 |
CAL RIPKEN SR FOUNDATION PURPOSE: 2023 ASPIRE GALA | $25,000 |
BON SECOURS RICHMOND HEALTH CARE FOUNDATION PURPOSE: CHILDREN'S HOPE GALA 2023 | $10,000 |
CAPITAL TREES PURPOSE: GENERAL PURPOSES | $25,000 |
ELK HILL FARM PURPOSE: GENERAL PURPOSES | $25,000 |