Phyllis L Reed Trust is a private trust based in PITTSBURGH, PA. The foundation received its IRS ruling in 2011. The principal officer is % Bny Mellon Na. It holds total assets of $18K. Annual income is reported at $8K. The foundation operates in the area of philanthropy & grantmaking. According to available records, Phyllis L Reed Trust has made 12 grants totaling $2.8M, with a median grant of $132K. Annual giving has grown from $129K in 2020 to $841K in 2022. Grantmaking activity was highest in 2021 with $1.8M distributed across 4 grants. Individual grants have ranged from $13K to $721K, with an average award of $231K. The foundation has supported 4 unique organizations. Grants have been distributed to organizations in Maine and New York. Contributions to this foundation are tax-deductible.
Phyllis L Reed Trust primarily funds organizations in the area of philanthropy & grantmaking. Based on available records, the foundation has funded 12 grants. Its grantmaking reaches organizations primarily in ME, NY.
Phyllis L Reed Trust has distributed a total of $2.8M across 12 grants. The median grant size is $132K, with an average of $231K. Individual grants have ranged from $13K to $721K.
Phyllis L Reed Trust typically selects its grantees rather than accepting unsolicited proposals.
Phyllis L Reed Trust is headquartered in PITTSBURGH, PA. While based in PA, the foundation distributes grants to organizations across 2 states.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Bny Mellon N A | TRUSTEE | $11K | $0 | $11K |
| Edmond V'Ledonne | CO-TRUSTEE | $0 | $0 | $0 |
Total Giving
$602
Total Assets
$885K
Fair Market Value
$885K
Net Worth
$885K
Grants Paid
$0
Contributions
$0
Net Investment Income
$41K
Distribution Amount
$42K
Total Grants
12
Total Giving
$2.8M
Average Grant
$231K
Median Grant
$132K
Unique Recipients
4
Most Common Grant
$13K
of 2022 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Bangor Theological SeminaryGENERAL OPERATING | Portland, ME | $84K | 2022 |
| White Plains Hospital Medical CtrGENERAL OPERATING | White Plains, NY | $336K | 2022 |
| Waldo County General HospitalGENERAL OPERATING | Belfast, ME | $336K | 2022 |
| Bucksport Regional HealthGENERAL OPERATING | Bucksport, ME | $84K | 2022 |
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