Reco Foundation
Preselected recipients only
Reco Foundation is a private foundation in Richmond, Virginia. In tax year 2024 it gave $4.0 million in 1 grant; the typical grant was $4.0 million and the largest $4.0 million. It only gives to organizations it selects itself and does not accept unsolicited applications.
From its IRS Form 990-PF for tax year 2024.
- Grants paid, 2024$4.0 million
- Number of grants1
- Typical grant$4.0 million
- Largest grant$4.0 million
- Assets$4.0 million
- New grantees100%
Giving in 2024 was the same as $4.0 million the year before.
100% of its 2024 grantees had not received a grant from it the year before, a sign it is open to new organizations.
Giving by year
| Tax year | Grants paid | Number of grants | Assets |
|---|---|---|---|
| 2022 | $500,000 | 1 | $11.1 million |
| 2023 | $4.0 million | 1 | $7.6 million |
| 2024 | $4.0 million | 1 | $4.0 million |
How to apply
Reco Foundation says in its IRS filing that it only makes contributions to preselected organizations, so unsolicited applications are unlikely to be considered. Organizations it funds are usually invited.
Where it gives
All of its grants went to recipients in Virginia.
| State | Grants | Amount |
|---|---|---|
| Virginia | 1 | $4.0 million |
Grants paid in 2024
| Recipient | Purpose | Amount |
|---|---|---|
| Saint Francis Manchester | To support capital campaign and building project | $4.0 million |
Officers and trustees
- Robert C Courain Jr
- Ruth D Courain
- William M Richardson
- Robert C Courain III
- Dr Franklin Luke
- Allen C Goolsby III
- Lauren C Luke
Questions people ask
Does Reco Foundation accept grant applications?
No. Its IRS filing says it only makes contributions to preselected organizations.
How much does Reco Foundation give?
$4.0 million in tax year 2024, across 1 grant, with a typical grant of $4.0 million.
Who runs Reco Foundation?
Its 2024 filing lists Robert C Courain Jr (President / Treasurer), Ruth D Courain (Vice President), William M Richardson (Vice President / Secretary) and Robert C Courain III (Director) among 7 officers and trustees.