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Also known as: FOUNDATION INC
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E A & Frances Reichart Foundationinc is a private corporation based in ALEXANDRIA, IN. The foundation received its IRS ruling in 2010. The principal officer is Tina Reichart Anderson. It holds total assets of $3.8M. Annual income is reported at $1.2M. Total assets have grown from $2.2M in 2011 to $4M in 2023. The foundation is governed by 3 officers and trustees. The foundation operates in the area of education. Tax records are available from 2016 to 2023. Grantmaking is concentrated in Indiana. According to available records, E A & Frances Reichart Foundationinc has made 38 grants totaling $1.7M, with a median grant of $6K. Annual giving has grown from $211K in 2020 to $538K in 2023. Grantmaking activity was highest in 2022 with $648K distributed across 18 grants. Individual grants have ranged from $300 to $350K, with an average award of $45K. The foundation has supported 13 unique organizations. Grant recipients are concentrated in Indiana. Contributions to this foundation are tax-deductible.
Smallest Grant
$300
Median Grant
$50K
Average Grant
$42K
Largest Grant
$100K
Based on 5 grants from the most recent 990-PF filing.
No program descriptions are available for this foundation. Many private foundations report program activities in their annual 990-PF filings — check the Tax Filings section below for the most recent filing.
E A & Frances Reichart Foundationinc primarily funds organizations in the area of education. Based on available records, the foundation has funded 38 grants. Its grantmaking reaches organizations primarily in IN.
E A & Frances Reichart Foundationinc has distributed a total of $1.7M across 38 grants. The median grant size is $6K, with an average of $45K. Individual grants have ranged from $300 to $350K.
The number of annual scholarships and other educational grants made by the foundation will be dependent upon the foundations resources and other programs. With respect to scholarships awarded for regular study at an educational institution each scholarship will be awarded by the selection committee in an amount determined by it, not to exceed the anticipated cost of the recipients tuition, board, room, fees, books, supplies, travel costs, and incidental expenses for his or her attendance at such educational institution. With respect to scholarships and other educational grants used to achieve a specific objective or to enhance recipients capacities or skills each such scholarship or other educational grant will be awarded by the selection committee and the amount of such a scholarship or educational grant will not exceed the anticipated cost of the particular educational activity designed to achieve a specific objective or to enhance the recipient's capacities or skills.
E A & Frances Reichart Foundationinc is headquartered in ALEXANDRIA, IN.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Brian L Reichart | PRESIDENT | $0 | $0 | N/A |
| Tina Reichart Anderson | TREASURER | $0 | $0 | N/A |
| Gary B Reichart | V. PRESIDENT | $0 | $0 | N/A |
Total Giving
$579K
Total Assets
$4M
Fair Market Value
$4.6M
Net Worth
$4M
Grants Paid
$538K
Contributions
N/A
Net Investment Income
$249K
Distribution Amount
$220K
Total: $3.4M
Total Grants
38
Total Giving
$1.7M
Average Grant
$45K
Median Grant
$6K
Unique Recipients
13
Most Common Grant
$3K
of 2023 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Agape Therapeutic Riding ResourcesGENERAL SUPPORT | Cicero, IN | $350K | 2023 |
| East Main St Christian ChurchBUILDING FUND | Elwood, IN | $150K | 2023 |
| Elwood Branch YmcaGENERAL SUPPORT | Elwood, IN | $20K | 2023 |
| Elwood OptimistsGENERAL SUPPORT | Elwood, IN | $5K | 2023 |
| Elwood Elementary SchoolGENERAL SUPPORT | Elwood, IN | $5K | 2023 |
| Elwood Chamber Of CommerceGENERAL SUPPORT | Elwood, IN | $5K | 2023 |
| Legendary SmilesGENERAL SUPPORT | Kokomo, IN | $3K | 2023 |
| Elwood Community High SchoolGENERAL SUPPORT | Elwood, IN | $30K | 2022 |
| City Of ElwoodGENERAL SUPPORT | Elwood, IN | $25K | 2022 |
| Madison County FoundationGENERAL SUPPORT | Anderson, IN | $6K | 2022 |
| Harry Bridges Minor LeagueGENERAL SUPPORT | Elwood, IN | $300 | 2021 |
| Friends That CareGENERAL SUPPORT | Alexandria, IN | $935 | 2020 |
| The Beck FoundationGENERAL SUPPORT | Atlanta, IN | $300 | 2020 |