From public IRS filings
THE REASON FOUNDATION
LOS ANGELES, CA · Education
Mission
ADVANCE A FREE SOCIETY BY DEVELOPING, APPLYING, AND PROMOTING LIBERTARIAN PRINCIPLES.
Financials (IRS Form 990)
Total revenue
$23.3M
Total expenses
$19.9M
Total assets
$25.6M
Program expense ratio
87%
Source: IRS Form 990, tax year 2023.
Who funds THE REASON FOUNDATION
$41.4M in foundation grants on record from 118 funders — matched from IRS 990 grant line items. Some matches may be approximate.
| Funder | Total given | Grants |
|---|---|---|
| Donors Trust | $10.5M | 4 |
| Vanguard Charitable Endowment Program | $8.7M | 4 |
| Fidelity Investments Charitable Gift Fund | $4.1M | 4 |
| Laura and John Arnold Foundation | $2.4M | 3 |
| Searle Freedom Trust C/O Kinship | $1.8M | 7 |
| Sarah Scaife Foundation | $1.4M | 4 |
| Bill & Melinda Gates Foundation | $900K | 3 |
| Andrew Foundation C/O Travis May | $895K | 4 |
| Walton Family Foundation | $850K | 2 |
| John William Pope Foundation | $690K | 8 |
Leadership
DAVID NOTT — PRESIDENT & CEO (Principal officer)
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