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Reco Foundation is a private corporation based in MANAKIN SABOT, VA. The foundation received its IRS ruling in 1958. It holds total assets of $7.6M. Annual income is reported at $553K. Total assets have grown from $4.9M in 2010 to $11.1M in 2022. The foundation is governed by 7 officers and trustees. The reco foundation makes grants to qualifying public charities and does not carry on any charitable activities directly. According to its most recent filing, the foundation only makes contributions to preselected charitable organizations. Tax records are available from 2020 to 2023. Grantmaking is concentrated in Virginia. According to available records, Reco Foundation has made 162 grants totaling $2.1M, with a median grant of $1K. The foundation has distributed between $500K and $1M annually from 2021 to 2023. Grantmaking activity was highest in 2022 with $1M distributed across 80 grants. Individual grants have ranged from $500 to $500K, with an average award of $13K. The foundation has supported 85 unique organizations. The foundation primarily supports organizations in Virginia, Florida, New York, which account for 94% of all grants. Grantmaking reaches organizations across 6 states. Contributions to this foundation are tax-deductible.
Smallest Grant
$500
Median Grant
$2K
Average Grant
$13K
Largest Grant
$238K
Based on 40 grants from the most recent 990-PF filing.
The reco foundation makes grants to qualifying public charities and does not carry on any charitable activities directly.
The reco foundation makes grants to qualifying public charities and does not carry on any charitable activities directly. Based on available records, the foundation has funded 162 grants. Its grantmaking reaches organizations primarily in VA, FL, NY.
Reco Foundation has distributed a total of $2.1M across 162 grants. The median grant size is $1K, with an average of $13K. Individual grants have ranged from $500 to $500K.
Reco Foundation typically selects its grantees rather than accepting unsolicited proposals.
Reco Foundation is headquartered in MANAKIN SABOT, VA. While based in VA, the foundation distributes grants to organizations across 6 states.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Robert C Courain Jr | PRESIDENT / TREASURER | $0 | $0 | N/A |
| Ruth D Courain | VICE PRESIDENT | $0 | $0 | N/A |
| William M Richardson | VICE PRESIDENT / SECRETARY | $0 | $0 | N/A |
| Robert C Courain Iii | DIRECTOR | $0 | $0 | N/A |
| Dr Franklin Luke | DIRECTOR | $0 | $0 | N/A |
| Allen C Goolsby Iii | DIRECTOR | $0 | $0 | N/A |
| Lauren C Luke | DIRECTOR | $0 | $0 | N/A |
Total Giving
$637K
Total Assets
$11.1M
Fair Market Value
$11.1M
Net Worth
$11.1M
Grants Paid
$500K
Contributions
N/A
Net Investment Income
$2.8M
Distribution Amount
$516K
Total: $10.3M
Total Grants
162
Total Giving
$2.1M
Average Grant
$13K
Median Grant
$1K
Unique Recipients
85
Most Common Grant
$1K
of 2023 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| United Way Of Greater Richmond & PetersburgTO MEET COMMUNITY HUMAN SERVICE NEEDS | Richmond, VA | $500K | 2023 |
| Feed MoreCENTRAL VIRGINIA HUNGER RELIEF. | Richmond, VA | $80K | 2022 |
| Cristo Rey Richmond High SchoolEDUCATING YOUNG PEOPLE OF LIMITED ECONOMIC MEANS | Richmond, VA | $79K | 2022 |
| CaritasBREAKS CIRCLE OF HOMELESSNESS AND ADDICTION, RECLAIM DIGNITY | Richmond, VA | $20K | 2022 |
| Anna Julia Cooper Episcopal SchoolFAITH BASED SCHOOL FOR STUDENTS WITH LIMITED FINANCIAL RESOURCES | Richmond, VA | $9K | 2022 |
| Resilient RetreatHELP THOSE IMPACTED BY TRAUMA AND ABUSE | Lakewood Ranch, FL | $8K | 2022 |
| Gator Wilderness Camp SchoolBUILDING RELATIONSHIPS, PROBLEM SOLVING FOR TROUBLED BOYS | Punta Gorda, FL | $8K | 2022 |
| St Francis HomeWHERE SENIORS FIND THE INDEPENDENCE, DIGNITY, AND SELF-WORTH THEY DESERVE | Richmond, VA | $5K | 2022 |
| Uva Darden School FoundationSUPPORT THE DARDEN SCHOOL AND ITS ACADEMIC MISSION | Charlottesville, VA | $5K | 2022 |
| John Marshall FoundationPUBLIC UNDERSTANDING OF CHIEF JUSTICE JOHN MARSHALL | Richmond, VA | $4K | 2022 |
| World Pediatric ProjectPROVIDING CHILDREN AND THEIR FAMILIES A HEALTHIER AND BRIGHTER FUTURE | Richmond, VA | $3K | 2022 |
| Vcu Massey CancerCANCER RESEARCH, PREVENTION AND CONTROL, PATIENT CARE, EDUCATION AND HEALTH EQUITY | Richmond, VA | $3K | 2022 |
| Commonwealth Catholic CharitiesMAKING A DIFFERENCE IN THE LIVES OF FAMILIES | Richmond, VA | $3K | 2022 |
| Goochland CaresPROVIDE HEALTH CARE AND HUMAN SERVICES TO GOOCHLAND RESIDENTS | Goochland, VA | $3K | 2022 |
| First Baptist Church RichmondMINISTRY OF CHRISTIAN COMPASSION. | Richmond, VA | $3K | 2022 |
| Richmond SpcaNO KILL HUMANE SOCIETY. | Richmond, VA | $3K | 2022 |
| The Virginia HomeHOME FOR PHYSICALLY DISABLED VIRGINIANS | Richmond, VA | $3K | 2022 |
| Maymount FoundationPUBLIC PARK AND MUSEUM | Richmond, VA | $2K | 2022 |
| Cross Over MinistryHEALTH CARE TO THE UNINSURED IN THE GREATER RICHMOND AREA | Richmond, VA | $2K | 2022 |
| Medecins Sans FrontieresMEDICAL AID WHERE IT IS NEEDED. | New York, NY | $2K | 2022 |
| Uso (United Services Organizations)SERVICES TO OUR ARMED FORCES AND FAMILIES | Washington, DC | $2K | 2022 |
| Tunnel To TowersHONORS THE SACRIFICE OF FIREFIGHTER STEPHEN SILLER AND OUR MILITARY AND FIRST RESPONDERS | Staten Island, NY | $2K | 2022 |
| Paralyzed Veterans Of AmericaSUPPORT OF VETERANS WITH SPINAL CORD INJURY OR DISEASE | Washington, DC | $1K | 2022 |
| Relationship Foundation Of VirginiaBUILDING FUNDAMENTAL ELEMENT OF STRONG COMMUNITIES | Richmond, VA | $1K | 2022 |
| Bon Secours Richmond Health Care FoundationSERVING THE COMMUNITY THROUGH COMMUNITY HEALTH OUTREACH | Richmond, VA | $1K | 2022 |
| Central Virginia Legal Aid SocietyLEGAL ASSISSTANCE TO LOW INCOME PEOPLE | Richmond, VA | $1K | 2022 |
| Chesterfield-Colonial Heights Christmas MotherASSIST NEEDS OF FAMILIES DURING THE HOLIDAY SEASON | Chesterfield, VA | $1K | 2022 |