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Gilbert Reese Family Foundation is a private corporation based in NEWARK, OH. The foundation received its IRS ruling in 1995. The principal officer is J Gilbert Reese. It holds total assets of $36.1M. Annual income is reported at $15.2M. Total assets have grown from $4.9M in 2011 to $34.7M in 2023. The foundation is governed by 6 officers and trustees. The foundation operates in the area of philanthropy & grantmaking. According to its most recent filing, the foundation only makes contributions to preselected charitable organizations. Tax records are available from 2016 to 2023. Grantmaking is concentrated in Ohio. According to available records, Gilbert Reese Family Foundation has made 45 grants totaling $12M, with a median grant of $50K. Annual giving has grown from $1.2M in 2020 to $3.8M in 2023. Grantmaking activity was highest in 2022 with $7M distributed across 18 grants. Individual grants have ranged from $2K to $2.2M, with an average award of $266K. The foundation has supported 18 unique organizations. Grants have been distributed to organizations in Ohio and Pennsylvania and Georgia. Contributions to this foundation are tax-deductible.
Smallest Grant
$5K
Median Grant
$50K
Average Grant
$77K
Largest Grant
$300K
Based on 15 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.
Gilbert Reese Family Foundation primarily funds organizations in the area of philanthropy & grantmaking. Based on available records, the foundation has funded 45 grants. Its grantmaking reaches organizations primarily in OH, PA, GA.
Gilbert Reese Family Foundation has distributed a total of $12M across 45 grants. The median grant size is $50K, with an average of $266K. Individual grants have ranged from $2K to $2.2M.
Gilbert Reese Family Foundation typically selects its grantees rather than accepting unsolicited proposals.
Gilbert Reese Family Foundation is headquartered in NEWARK, OH. While based in OH, the foundation distributes grants to organizations across 3 states.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Jennifer Roberts | EXEC DIRECTOR | $0 | $0 | N/A |
| Gilbert H Reese | TRUSTEE | $0 | $0 | N/A |
| Sally W Heckman | SECRETARY | $0 | $0 | N/A |
| Louella Reese | TREASURER | $0 | $0 | N/A |
| John H Wallace | PRESIDENT | $0 | $0 | N/A |
| Sarah R Wallace | CHAIR | $0 | $0 | N/A |
Total Giving
$4M
Total Assets
$34.7M
Fair Market Value
$45M
Net Worth
$34.7M
Grants Paid
$3.8M
Contributions
$2.3M
Net Investment Income
$2.4M
Distribution Amount
$1.8M
Total: $24.3M
Total Grants
45
Total Giving
$12M
Average Grant
$266K
Median Grant
$50K
Unique Recipients
18
Most Common Grant
$25K
of 2023 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Salvation ArmySUPPORT FOOD INSECURITY IN COMMUNITY | Newark, OH | $25K | 2020 |
| Newark Campus Development FundAS AGENT FOR OHIO STATE UNIVERISTY NEWARK - LOUELLA HODGES REESE BUILDING FUND PLEDGE | Newark, OH | $2.2M | 2023 |
| Newark Development PartnersRENOVATION OF HISTORIC ARCADE | Newark, OH | $715K | 2023 |
| Granville Athletic Complex FundPLEDGE WALTER HODGES STADIUM | Granville, OH | $250K | 2023 |
| Newark High School Athletic DeptGIRLS SOFTBALL TURF | Newark, OH | $100K | 2023 |
| The Hill SchoolTENNIS CENTER RENOVATIONS | Pottstown, PA | $100K | 2023 |
| Licking County FoundationMIDLAND THEATRE FUND | Newark, OH | $50K | 2023 |
| Habitat For HumanityDONATION | Columbus, OH | $50K | 2023 |
| Parrochia Di San JacopoDONATION | Firenze | $25K | 2023 |
| Central Ohio Technical CollegeINDEPENDENCE DAY EVENT 2023 | Newark, OH | $20K | 2023 |
| Escuola Di Musicale Di CasciaSCHOLARSHIPS | Firenze | $10K | 2023 |
| City Of NewarkDECORATING COMMUNITY MARKET DISTRICT AND MURAL REPAIR | Newark, OH | $5K | 2023 |
| Look Up CenterDONATION - BUILDING FUND | Newark, OH | $150K | 2022 |
| Newark Catholic High SchoolINSPIRE CAMPAIGN PLEDGE | Newark, OH | $50K | 2020 |
| Mound City Little LeagueLIGHTING AND IMPROVEMENTS | Newark, OH | $50K | 2020 |
| Christian CityDONATION | Union City, GA | $25K | 2020 |
| Food Pantry Network Of Licking CountyDONATION | Newark, OH | $20K | 2020 |
| Licking County Jail MinistriesSUPPORT FOOD INSECURITY IN THE COMMUNITY | Newark, OH | $10K | 2020 |
CLEVELAND, OH
CINCINNATI, OH
DUBLIN, OH