EIN 58-6038145

Z. Smith Reynolds Foundation (ZSR)

IRS 501(c) type
501(c)(3)
Num. employees
15
Year formed
1939
Most recent tax filings
2023-12-01
NTEE code, primary
Description
The Z. Smith Reynolds Foundation (ZSR) is committed to improving the quality of life of all North Carolinians. ZSR invests in statewide, regional and community-based organizations that are dedicated to building an inclusive, sustainable and vibrant St...
Total revenues
$25,216,380
2023
Total expenses
$28,375,813
2023
Total assets
$25,109,679
2023
Num. employees
15
2023

Program areas at ZSR

Grant cycle intermediary support & post-cycle support - in spring of 2018, Z. Smith Reynolds Foundation's trustees approved funds to engage outside consultants to conduct intensive due diligence in communities across nc. The listed expenditures represent costs associated with consultants reviewing collaborative project summaries from potential applicants, helping with certain aspects relating to the design of collaborative problem-solving grantmaking approach, and providing professional development and coaching for zsr staff as it relates to effectively supporting collaborative work in communities.
Inclusive public art initiative - in may 2023, trustees approved a second cohort of the inclusive public art (ipa) initiative. A project coordinator was engaged to assist with this effort. The listed expenditures represent costs for the project coordinator.
Sabbatical program - in 1990, with prior approval from the irs, the Foundation established a sabbatical program for individuals in paid full-time leadership positions who have served their north carolina nonprofit organization for at least three years. The sabbaticals were established to provide an incentive to leaders of charitable organizations to continue their charitable work, and to improve and enhance their leadership capacity, skills, and talents. Each recipient is awarded $30,000 and each recipient's organization is awarded $10,000. Awards are made on a bi-annual basis.

Grants made by ZSR

GranteeGrant descriptionAmount
Wake Forest University (WFU)2024 Annual Grant, Under 1990 Contract, for General Support, Faculty Development, and Scholarships.per Nov 2023 Agreement, ZSR To Make Fixed Payment Scheduled for 7/1/24 Six Months Early on 12/18/23. Wfu Letter Signed Per PCS 12/18/23$1,200,000
Wake Forest University (WFU)2025 Annual Grant, Under 1990 Contract, for General Support, Faculty Development, and Scholarships.per Nov 2023 Agreement, ZSR To Make Fixed Payment for 2025 Early on 12/18/23. Wfu Letter Signed Per PCS 12/18/23$1,200,000
Wake Forest University (WFU)2026 Annual Grant, Under 1990 Contract, for General Support, Faculty Development, and Scholarships.per Nov 2023 Agreement, ZSR To Make Fixed Payment for 2026 Early on 12/18/23. Wfu Letter Signed Per PCS 12/18/23$1,200,000
...and 231 more grants made totalling $19,004,959

Who funds Z. Smith Reynolds Foundation (ZSR)

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
William Neal Reynolds Residuary Trust DTDGeneral$16,847,166
Zachary Smith Reynolds TrustGeneral Support$11,641,706
Andrew W. Mellon FoundationTo Support the Inclusive Public Art Initiative$100,000

Personnel at ZSR

NameTitleCompensation
Joy Vermillion HeinsohnExecutive Director
Maurice Mo GreenExecutive Director and Secretary$325,703
Pamela C. SpaldingDirector of Finance and Operations$133,700
Katie FoglemanDirector of Communication
Sorien SchmidtDirector of Strategy and Learning$125,928
...and 4 more key personnel

Financials for ZSR

RevenuesFYE 12/2023
Total grants, contributions, etc.$25,459,663
Investment income and dividends$426,095
Net rental income$0
Net gain from sale of non-inventory assets$-674,398
Gross sales of inventory$0
Miscellaneous revenues$5,020
Total revenues$25,216,380

Form 990s for ZSR

Fiscal year endingDate received by IRSFormPDF link
2023-122024-08-28990PFView PDF
2022-122023-08-10990PFView PDF
2021-122022-09-08990PFView PDF
2020-122021-08-03990PFView PDF
2019-122021-11-01990PFView PDF
...and 10 more Form 990s
Data update history
September 25, 2024
Updated personnel
Identified 3 new personnel
December 31, 2023
Received grants
Identified 1 new grant, including a grant for $100,000 from Andrew W. Mellon Foundation
December 26, 2023
Received grants
Identified 2 new grant, including a grant for $16,847,166 from William Neal Reynolds Residuary Trust DTD
September 28, 2023
Posted financials
Added Form 990PF for fiscal year 2022
September 24, 2023
Used new vendors
Identified 1 new vendor, including
Nonprofit Types
Grantmaking organizationsPrivate foundationsPrivate non-operating foundationsCharities
Issues
No issues found
Characteristics
Provides grantsPartially liquidatedState / local levelTax deductible donationsAccepts online donations
General information
Address
102 W Third St 1110
Winston Salem, NC 27101
Metro area
Winston-Salem, NC
County
Forsyth County, NC
Website URL
zsr.org 
Phone
(336) 725-7541
Facebook page
ZSmithReynoldsFoundationNC 
Twitter profile
@zsrfoundation 
IRS details
EIN
58-6038145
Fiscal year end
December
Taxreturn type
Form 990-PF
Year formed
1939
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
T20: Private Foundations
NAICS code, primary
813211: Grantmaking Foundations
Parent/child status
Independent
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