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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. Total assets have decreased from $2M in 2011 to $885K in 2023. The foundation is governed by 2 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 2020 to 2023. The foundation primarily funds organizations in Maine and New York. 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.
Smallest Grant
$13K
Median Grant
$32K
Average Grant
$32K
Largest Grant
$52K
Based on 4 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.
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 | N/A |
Total Giving
$602
Total Assets
$885K
Fair Market Value
$885K
Net Worth
$885K
Grants Paid
N/A
Contributions
N/A
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
$84K
of 2022 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Bangor Theological SeminaryGENERAL OPERATING | Portland, ME | $84K | 2022 |
| Waldo County General HospitalGENERAL OPERATING | Belfast, ME | $336K | 2022 |
| White Plains Hospital Medical CtrGENERAL OPERATING | White Plains, NY | $336K | 2022 |
| Bucksport Regional HealthGENERAL OPERATING | Bucksport, ME | $84K | 2022 |
WEST CONSHOHOCKEN, PA
LIGONIER, PA
PITTSBURGH, PA