Reisher Family Foundation

The information for Reisher Family Foundation is as of the organization's most recent filing in December 2020. This organization is located in Lakewood, CO and has been in existence for 20 years, following its founding in 2000.

Organization Classification

The IRS classifies organizations according to the National Taxonomy of Exempt Entities (NTEE) system. The NTEE system helps the IRS assign a 3-character code to each organization to describe the organization's activities.

The Reisher Family Foundation's NTEE code is B82. The "B" tells us that the organization is classified along with Education. The "82" tells us that the organization is a Scholarships & Student Financial Aid organization. The NTEE describes Scholarships & Student Financial Aid organizations as those that enable students who demonstrate financial need to obtain the financial assistance they require to meet their educational and living expenses while in school.

Every organization is also governed by a specific section of the Internal Revenue Code. The most common type is a 501(c)(3) organization. However, there are actually 29 different types of organizations that are identified by the Internal Revenue Code. This organization happens to be a 501(c)(3) organization. The IRS describes these organizations as those engaged in Religious, Educational, Charitable, Scientific, Literary, Public Safety, Amateur Sports, or Prevention of Cruelty to Children or Animals work.

Perhaps the most accurate way to get a sense of what the organization hopes to achieve is by looking at its mission. The mission of the Reisher Family Foundation is to provide grants to the Reisher Scholarship Fund at the Denver Foundation.

Program Areas

Program Area 1: In the spring of 2020, the Reisher Scholarship Committee at the Denver Foundation designated new Reisher Scholars at seven Colorado universities and the Reisher Family Foundation made grants totaling $3,000,000 to the Denver Foundation to provide for the continuation and growth of the Reisher Scholarship Program.

Program Area 2: The administration fee paid to the Denver Foundation for the Reisher Scholarship Program ensures that the scholarship program is properly maintained and managed.

Program Area 3: The Reisher Scholarship Committee at The Denver Foundation designated new Reisher Scholars at seven Colorado universities in the spring of 2020. The Reisher Family Foundation made grants totaling $3,000,000 to The Denver Foundation to provide for the continuation and growth of the Reisher Scholarship Program.

Program Area 4: The administration fee paid to the Denver Foundation for the Reisher Scholarship Program is reported under this program area.

Board Governance

The Reisher Family Foundation is well-governed with 8 voting members, 5 of which are independent, and policies in place to address potential conflicts of interest. The organization has documented board and committee meetings, a conflict of interest policy, and a requirement for disclosure of conflicts. However, the organization does not have a written whistleblower policy, document retention policy, or a policy to substantiate and review leadership and officer salaries. Additionally, the organization does not provide copies of the 990 to the board prior to filing. Despite the lack of these policies, the Reisher Family Foundation has taken steps to ensure that it is well-governed and that potential conflicts of interest are addressed.

Organization Growth

Based on the data provided, the Reisher Family Foundation has not grown over the given time period. Contributions & Grants Received, Investment Income, Total Revenue, Grants Paid, Employee Salaries and Total Expenses all remained the same over this time period.