Illinois · Public charity
Reed Charitable Foundation
Our mission is to enhance lives by fostering a stronger community through dedicated charitable, educational, and healthcare initiatives. We are committed to enriching access to education and quality healthcare while empowering our employees to contribute to nonprofits of their choice, thereby amplifying our collective impact.
- $160k
- Granted FY2024(still arriving)
- 6
- Itemized grants FY2024
- 6
- Organizations funded FY2023
- 50%
- First-time grantees FY2023
- Itemized, FY2024
- $126k
- The rest is grants the schedule does not break out
- Median grant, FY2024
- $25,000
- Largest grant, FY2024
- $50,000
- Organizations funded a year
- 5 to 6
- FY2021 to FY2023
- States reached, FY2024
- 2
- Total assets, FY2024
- $1.0M
How open it is to new grantees
In FY2023, 50% of the organizations Reed Charitable Foundation funded were first-time grantees, receiving 20% of its grant dollars.
New vs renewed · share of each year
In FY2023, 80% of grant dollars renewed an existing relationship; $30k went to new ones.
Where new relationships form · theme of each grantee’s first grant
How this is measured
The numbers by year
| Fiscal year | Organizations funded | To those organizations | First-time grantees |
|---|---|---|---|
| FY2024still arriving | 6 | $126k | 33% |
| FY2023 | 6 | $150k | 50% |
| FY2022 | 5 | $164k | 40% |
| FY2021 | 6 | $238k | n/a |
What it funded, over time
Every grant placed by its stated purpose and the recipient’s mission, by year, FY2021 to 2024.
Top grantees
Largest recipients by total granted, FY2021 to FY2024, and the share of each one’s budget the grants supplied at peak.
| Grantee | Total granted | Years | Share of their budget |
|---|---|---|---|
| Bernie's Book Bank | $179,900 | 4 | 1% |
| Project Hood Community Development Corporation | $160,000 | 4 | 1% |
| Silver Cross Foundation | $87,500 | 3 | 4% |
| After School Matters Inc | $36,000 | 2 | 0% |
| Des Plaines Wetlands Conservancy Inc | $25,000 | 1 | 1% |
| Greater Chicago Food Depository | $10,105 | 1 | 0% |
| Tapestry 360 Health | $10,000 | 1 | 0% |
| The Cheryl Rabine Foundation | $7,000 | 1 | 4% |
| Lake Geneva Fresh Air Association Inc | $6,088 | 1 | 1% |
Plus 4 recipients with no EIN on record ($155k), not named here.
Where it is load-bearing
Each grantee by its size and the share of its budget Reed Charitable Foundation supplied at peak.
Tap a dot to name the grantee.
How this is measured
Co-funders
Grantmakers whose grantees overlap with this funder’s far more than size alone predicts. Closer means stronger alignment; arcs show where they also fund each other. Here they form a set of overlaps that mostly run through this funder rather than between each other.
Open a dossier: Fidelity Investments Charitable Gift Fund
How this is measured
About Reed Charitable Foundation
- How much does Reed Charitable Foundation give?
- Reed Charitable Foundation reported 6 itemized grants totaling $125,588, out of $159,988 in total grant expense reported on the return in its FY2024 IRS filing. It funded between 5 and 6 organizations a year over FY2021 to FY2023.
- What does Reed Charitable Foundation fund?
- By grant dollars over FY2021 to FY2024, its largest causes are Youth Development (35%), Community Improvement (24%), Health (14%).
- Who are Reed Charitable Foundation's largest grantees?
- By total granted over FY2021 to FY2024: Bernie's Book Bank ($180k), Project Hood Community Development Corporation ($160k), Silver Cross Foundation ($88k).
- Does Reed Charitable Foundation fund new organizations?
- In FY2023, 50% of the organizations it funded were first-time grantees.
- Which funders back the same organizations as Reed Charitable Foundation?
- Its strongest co-funders, measured against what their size predicts, include Fidelity Investments Charitable Gift Fund.
- Where is Reed Charitable Foundation based?
- Reed Charitable Foundation is based in IL.
Play a game based on Reed’s filings →