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Stanford C Reed Scholarships Inc. is a private corporation based in CATONSVILLE, MD. The foundation received its IRS ruling in 1994. It holds total assets of $1.9M. Annual income is reported at $266K. Total assets have grown from $52K in 2011 to $2M in 2023. The foundation is governed by 5 officers and trustees. According to its most recent filing, the foundation only makes contributions to preselected charitable organizations. Tax records are available from 2017 to 2024. The foundation primarily funds organizations in Maryland and Virginia. According to available records, Stanford C Reed Scholarships Inc. has made 21 grants totaling $1.2M, with a median grant of $2K. The foundation has distributed between $350K and $457K annually from 2021 to 2023. Grantmaking activity was highest in 2022 with $457K distributed across 6 grants. Individual grants have ranged from $600 to $350K, with an average award of $57K. The foundation has supported 8 unique organizations. Grants have been distributed to organizations in Maryland and Virginia. Contributions to this foundation are tax-deductible.
Smallest Grant
$900
Median Grant
$8K
Average Grant
$76K
Largest Grant
$350K
Based on 6 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.
Stanford C Reed Scholarships Inc. is a private foundation that provides grants to eligible organizations. Based on available records, the foundation has funded 21 grants. Its grantmaking reaches organizations primarily in MD, VA.
Stanford C Reed Scholarships Inc. has distributed a total of $1.2M across 21 grants. The median grant size is $2K, with an average of $57K. Individual grants have ranged from $600 to $350K.
Stanford C Reed Scholarships Inc. typically selects its grantees rather than accepting unsolicited proposals.
Stanford C Reed Scholarships Inc. is headquartered in CATONSVILLE, MD. While based in MD, the foundation distributes grants to organizations across 2 states.
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| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Mr Harry T Mccrory | PRESIDENT/TREASURER | $0 | $0 | N/A |
| Mr Donald L Mettee | VICE PRESIDENT | $0 | $0 | N/A |
| Mr Michael Tkacik | DIRECTOR | $0 | $0 | N/A |
| Mr Robert J Krastel | DIRECTOR | $0 | $0 | N/A |
| Mr Arthur Johnson | DIRECTOR | $0 | $0 | N/A |
Total Giving
$285K
Total Assets
$2M
Fair Market Value
$2.5M
Net Worth
$2M
Grants Paid
$280K
Contributions
N/A
Net Investment Income
$63K
Distribution Amount
$121K
Total: $1.5M
Total Grants
21
Total Giving
$1.2M
Average Grant
$57K
Median Grant
$2K
Unique Recipients
8
Most Common Grant
$1K
of 2023 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| UmbcFUNDS TO PROVIDE SCHOLARSHIPS | Baltimore, MD | $188K | 2023 |
| Morgan State UniversityTUITION,BOOKS AND SUPPIES SUPPORT | Baltimore, MD | $2K | 2023 |
| Sisters Academy Of BaltimoreSCIENCE DEPARTMENT SUPPORT | Baltimore, MD | $1K | 2023 |
| Va State UniversityTUITION BOOKS AND SUPPLIES FUND TO SUPPORT COLLEGE SCHOLARSHIPS | Petersburg, VA | $600 | 2023 |
| CollegeboundFUND TO PROVIDE SCHOLARSHIPSFUND TO SUPPORT COLLEGE SCHOLARSHIPS | Baltimore, MD | $350K | 2022 |
| Baltimore City CollegeSCIENCE AND MATH DEPARTMENTS SUPPLIES AND SUPPORT | Baltimore, MD | $15K | 2022 |
| Virginia State UniversityTUITION,BOOK AND SUPPIES SUPPORTTUITION,BOOK AND SUPPLIES SUPPORT | Petersburg, VA | $900 | 2022 |
| Baltimore Community FoundationFUND TO SUPPORT BALTIMORE CITY COLLEGE | Baltimore, MD | $300K | 2021 |