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Rean Foundation is a private corporation based in LEESBURG, VA. The foundation received its IRS ruling in 2019. It holds total assets of $4.1M. Annual income is reported at $695K. Total assets have grown from $2.3M in 2019 to $4.1M in 2024. The foundation is governed by 2 officers and trustees. Development of a platform to connect local patients, doctors, labs, and pharmacies. The free, open-sourced platform will encourage healthy behaviors, such as measuring vitals and taking medications as prescribed, in exchange for points that can be redeemed for medical expenses. The platform will be available to healthcare providers, and the foundation will provide support and maintenance. Information collected by the platform will be used in medical studies. The foundation has entered into a joint marketing effort with a public charity to further this activity. According to its most recent filing, the foundation only makes contributions to preselected charitable organizations. Tax records are available from 2020 to 2024. The foundation primarily funds organizations in Maryland, Massachusetts and Georgia. According to available records, Rean Foundation has made 5 grants totaling $11K, with a median grant of $2K. Annual giving has grown from $3K in 2020 to $8K in 2021. Individual grants have ranged from $500 to $4K, with an average award of $2K. The foundation has supported 5 unique organizations. The foundation primarily supports organizations in Georgia, Maryland, Virginia, which account for 80% of all grants. Grantmaking reaches organizations across 4 states. Contributions to this foundation are tax-deductible.
Smallest Grant
$500
Median Grant
$2K
Average Grant
$2K
Largest Grant
$4K
Based on 4 grants from the most recent 990-PF filing.
Development of a platform to connect local patients, doctors, labs, and pharmacies. The free, open-sourced platform will encourage healthy behaviors, such as measuring vitals and taking medications as prescribed, in exchange for points that can be redeemed for medical expenses. The platform will be available to healthcare providers, and the foundation will provide support and maintenance. Information collected by the platform will be used in medical studies. The foundation has entered into a joint marketing effort with a public charity to further this activity.
Expenses: $489K
Development of a platform to connect local patients, doctors, labs, and pharmacies. The free, open-sourced platform will encourage healthy behaviors, such as measuring vitals and taking medications as prescribed, in exchange for points that can be redeemed for medical expenses. The platform will be available to healthcare providers, and the foundation will provide support and maintenance. Information collected by the platform will be used in medical studies. The foundation has entered into a joint marketing effort with a public charity to further this activity. Based on available records, the foundation has funded 5 grants. Its grantmaking reaches organizations primarily in GA, MD, VA.
Rean Foundation has distributed a total of $11K across 5 grants. The median grant size is $2K, with an average of $2K. Individual grants have ranged from $500 to $4K.
Rean Foundation typically selects its grantees rather than accepting unsolicited proposals.
Rean Foundation is headquartered in LEESBURG, VA. While based in VA, the foundation distributes grants to organizations across 4 states.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Nirupama Vasireddy | PRESIDENT/TREASURER | $0 | $0 | N/A |
| Sridhar Vasireddy | FOUNDER/CEO | $0 | $0 | N/A |
Total Giving
N/A
Total Assets
$4.1M
Fair Market Value
N/A
Net Worth
$4.1M
Grants Paid
N/A
Contributions
N/A
Net Investment Income
N/A
Distribution Amount
N/A
Total Grants
5
Total Giving
$11K
Average Grant
$2K
Median Grant
$2K
Unique Recipients
5
Most Common Grant
$2K
of 2021 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Insight OpticsGENERAL PUBLIC HEALTH AND WELFARE | Atlanta, GA | $4K | 2021 |
| KitstoheartGENERAL PUBLIC HEALTH AND WELFARE | Clarksville, MD | $2K | 2021 |
| Vitalize App LlcGENERAL PUBLIC HEALTH AND WELFARE | Ellicot City, MD | $2K | 2021 |
| Ichosia BiotechnologyGENERAL PUBLIC HEALTH AND WELFARE | Worcester, MA | $500 | 2021 |
| Loudoun Hunger ReliefGENERAL PUBLIC HEALTH AND WELFARE | Leesburg, VA | $3K | 2020 |