EIN 58-6038145

Z. Smith Reynolds Foundation (ZSR)

IRS 501(c) type
Num. employees
Year formed
Most recent tax filings
NTEE code, primary
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
Total expenses
Total assets
Num. employees

Program areas at ZSR

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 (for 2022 only, organization award was $12,000 each). Awards are made on a bi-annual basis.
Racial equity training - in spring of 2018, trustees approved funding to support racial equity work of state level grantees and zsr trustees and staff. These funds are not used to provide direct grants to grantee organizations but rather to contract services. The listed expenditures represent the engagement of consultants to provide racial equity training to zsr trustees and staff in 2022.investing in leaders of color - in 2020-21, select nc and sc funders explored a new approach of intentionally investing in nonprofit leaders of color. In the winter of 2022, trustees approved funding of $100,000 per year for three years.
Community based intermediary 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.

Grants made by ZSR

GranteeGrant descriptionAmount
Wake Forest University (WFU)Campaign for Wfu. for Scholarships: Joseph G. Gordon, NSR, NC Middle Income Residents, Annual Awards To Faculty Members, Reynolds Professors Supplements, and Special Undergraduate Programs and Needs. Grant of 3% of Income Received From Two Trusts.$854,678
Sit in Movement (SIM)World Heritage Expansion and Property Acquisition & Protection Project$500,000
The Conservation FundResourceful Communities Project$230,000
...and 326 more grants made totalling $13,655,693

Who funds Z. Smith Reynolds Foundation (ZSR)

Grants from foundations and other nonprofits
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

Maurice Mo GreenExecutive Director and Secretary$325,703
Tom ByDirector Emeritus
Piper Neal BeveridgePast Treasurer$12,000
Pamela SpaldingAssistant Treasurer$133,700
Chapel ThompsonAssistant Secretary$84,768
...and 1 more key personnel

Financials for ZSR

RevenuesFYE 12/2022
Total grants, contributions, etc.$28,741,256
Investment income and dividends$252,092
Net rental income$0
Net gain from sale of non-inventory assets$-1,074,960
Gross sales of inventory$0
Miscellaneous revenues$0
Total revenues$27,918,388

Form 990s for ZSR

Fiscal year endingDate received by IRSFormPDF link
2022-122023-08-10990PFView PDF
2021-122022-09-08990PFView PDF
2020-122021-08-03990PFView PDF
2019-122021-11-01990PFView PDF
2018-122019-09-10990PFView PDF
...and 9 more Form 990s
Data update history
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
August 8, 2023
Posted financials
Added Form 990PF for fiscal year 2021
May 22, 2023
Received grants
Identified 3 new grant, including a grant for $13,360,065 from William Neal Reynolds Residuary Trust DTD
Nonprofit Types
Grantmaking organizationsPrivate foundationsPrivate non-operating foundationsCharities
No issues found
Provides grantsPartially liquidatedState / local levelTax deductible donations
General information
102 W Third St 1110
Winstonsalem, NC 27101
Metro area
Winston-Salem, NC
Website URL
(336) 725-7541
Facebook page
Twitter profile
IRS details
Fiscal year end
Taxreturn type
Form 990-PF
Year formed
Eligible to receive tax-deductible contributions (Pub 78)
NTEE code, primary
T20: Private Foundations
NAICS code, primary
813211: Grantmaking Foundations
Parent/child status
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