Christopher Reynolds Foundation

Christopher Reynolds Foundation is a private grantmaking foundation that has focused for many years on supporting normalizing U.S. relations with Communist-ruled Vietnam and Cuba. According to its website, the Foundation is going through a “period of transition in its grantmaking profile” following the establishment of diplomatic relations between the United States and Cuba in 2015, the Foundation states that its new areas of focus are likely to include environmentalism, claiming it would support “sustainability, social economy, agroecology, and local development.” 1

At-A-Glance

Issue Areas: Multi-Issue Advocacy
Formation:

1953

Executive Director:

Andrea Panaritis

Executive Director’s Compensation:

Gross Salary: $231,637

Location: Boston, MA View on map
Tax ID: 13-6129401
Most Recent Filing: 2024
Budget (2024): Assets: $18,989,144 Revenue: $4,378,688 Expenses: $3,462,594

Contents

    The Christopher Reynolds Foundation is one of several left-of-center advocacy grantmaking institutions derived from the fortune of the Reynolds family that founded the R.J. Reynolds tobacco company; others include the Z Smith Reynolds Foundation, the Arca Foundation, and the Mary Reynolds Babcock Foundation.

    History

    The Christopher Reynolds Foundation was established by Libby Holman, in honor of her son Christopher “Topper” Reynolds, who died in a mountain climbing accident in August 1950, at the age of 17. 2

    Holman’s first husband was the tobacco heir Zachary Smith Reynolds. After less than a year of marriage, her husband was shot to death at the Reynolds family estate. As Holman was in the room when her husband she was shot, she was initially charged with murder. The Reynolds’ family eventually dropped the murder charges and Holman and her son inherited $7 million. 2

    In 1959, Holman helped sponsor a trip to India for Dr. Martin Luther King Jr. and his wife, Coretta Scott King, through the Christopher Reynolds Foundation. 2 In India, the Kings learned more about Gandhi’s techniques for social change through nonviolence, and how to apply that to the American Civil Rights Movement. 3

    Holman also contributed to the defense of Benjamin Spock for his opposition to the Vietnam War. 2 A well-known pediatrician and writer, Spock was one of “The Boston Five” who were federally indicted in 1968, accused of “conspiring to urge people to violate draft laws.” 4

    After U.S. diplomatic relations with Vietnam normalized, the Foundation focused for many years on efforts to support the strengthening of diplomatic relations between U.S. and Cuba. 1

    The Foundation is currently transitioning its grantmaking focus, and will likely begin to fund issues of “sustainability, social economy, agroecology, and local development.” 1

    Board of Directors

    Andrea Panaritis is the executive director and member of the board; she has been with the foundation since 1985. 5

    John Roosevelt Boettiger, the grandson of Franklin and Eleanor Roosevelt, has been the fresident and chairman of the board since 1975. 6 He is, and became a member of the advisory board of the Living New Deal in 2014. 7

    Donation Recipients

    Financial Statistics

    Total Assets

    Total Revenue

    Total Expenses

    YearTotal AssetsTotal RevenueTotal ExpensesFiling
    2024 $18,989,144 $4,378,688 $3,462,594 View
    2023 $20,675,147 $607,148 $1,918,087 View
    2022 $20,645,275 $928,400 $1,750,701 View
    2021 $26,029,774 $1,600,918 $1,856,662 View
    2020 $23,948,064 $1,287,272 $1,818,332 View

    Prior year filings: 2015, 2014, 2013, 2012, 2011, 2010

    Expenses Detail

    Employee Compensation

    Highest Earning Employees

    EmployeeTitleTotal Compensation
    Andrea PanaritisEXEC.DIR./SEC./ASSIST.TREA$288,810
    John BoettigerCHAIR$3,000
    Suzanne DerrerDIRECTOR$3,000
    Virginia KahnDIRECTOR$3,000

    Grant Activity

    All-time grants received statistics from Candid dataset:

    • Total Grant Value: $19,000
    • Number of Grants: 2
    • Number of Funders: 2

    Selection of highest value grants received from the last seven years:

    AmountYearFunderSubject
    $18,0002021 New Venture FundENVIRONMENTAL PROGRAMS

    All-time grants given statistics from Candid dataset:

    • Total Grant Value: $11,681,534
    • Number of Grants: 477
    • Number of Recipients: 247

    Selection of highest value grants given from the last seven years:

    AmountYearFunderSubject
    $570,0002024 New World FoundationGENERAL SUPPORT
    $518,6502024 Schumacher Center for a New Economics IncGENERAL SUPPORT
    $445,5002024 MetafoundationGENERAL SUPPORT
    $180,0002024 Care LabGENERAL SUPPORT
    $150,0002023 MetafoundationGENERAL SUPPORT
    $148,3202021 THE NEW WORLD FOUNDATIONGENERAL SUPPORT
    $137,5002024 Center for Democratic and Environmental RightsGENERAL SUPPORT
    $130,0002023 New World FoundationGENERAL SUPPORT
    $125,0002023 Schumacher Center for a New Economics IncGENERAL SUPPORT
    $100,0002024 Good Work Institute IncGENERAL SUPPORT
    $100,0002024 Trustees of Clark UniversityGENERAL SUPPORT
    $100,0002022 Clark UniversityGENERAL SUPPORT
    $100,0002021 Clark UniversityGENERAL SUPPORT
    $100,0002020 Clark UniversityGENERAL SUPPORT
    $90,0002022 THE NEW WORLD FOUNDATIONGENERAL SUPPORT
    $80,0002024 Medical Education Cooperation with CubaGENERAL SUPPORT
    $77,7652021 THE NEW WORLD FOUNDATIONGENERAL SUPPORT
    $75,0002021 THE NEW WORLD FOUNDATIONGENERAL SUPPORT
    $75,0002020 THE NEW WORLD FOUNDATIONGENERAL SUPPORT
    $75,0002023 Opencollective FoundationGENERAL SUPPORT
    $75,0002022 THE NEW WORLD FOUNDATIONGENERAL SUPPORT
    $75,0002022 THE NEW WORLD FOUNDATIONGENERAL SUPPORT
    $72,0002020 THE NEW WORLD FOUNDATIONGENERAL SUPPORT
    $70,0002024 Just Futures Law IncGENERAL SUPPORT
    $70,0002020 Clark UniversityGENERAL SUPPORT

    Associated Influence Networks

    View ESG Activism

    ESG Activism

    ESG activism refers to individuals and organizations that advocate for Environmental, Social, and Corporate Governance (ESG) criteria as part of evaluating business operations. ESG considerations…

    Associated Groups & People

    References

    1. “About Us.” The Christopher Reynolds Foundation, Inc. Accessed November 16, 2019.  https://creynolds.org/about-us/.
    2. Cavanaugh, Jack. “Treetops: An Aura of Glamour, A Trail of Tragedies.” The New York Times, May 18, 1997. Accessed November 16, 2019. https://www.nytimes.com/1997/05/18/nyregion/treetops-an-aura-of-glamour-a-trail-of-tragedies.html.
    3. “India Trip.” Stanford University Martin Luther King, Jr. Research and Education Institute. Accessed November 16, 2019. https://kinginstitute.stanford.edu/encyclopedia/india-trip.
    4. Shapira, Ian. “He Was America’s Most Famous Pediatrician. Then Dr. Spock Attacked the Vietnam Draft.” The Washington Post, January 5, 2018. Accessed November 16, 2019. https://www.washingtonpost.com/news/retropolis/wp/2018/01/05/he-was-americas-most-famous-pediatrician-then-dr-spock-attacked-the-vietnam-draft/.
    5. “Andrea Panaritis.” Schumacher Center for a New Economics. Accessed November 10, 2019. http://69.167.148.157/people/andrea-panaritis.
    6. “John Roosevelt Boettiger.” LinkedIn. Accessed November 10, 2019. https://www.linkedin.com/in/john-roosevelt-boettiger-b4548843/.
    7. “Welcome to Our New Advisors.” Living New Deal, January 29, 2014. Accessed November 10, 2019. https://livingnewdeal.org/welcome-new-advisors/.