The Catherine B. Reynolds Foundation is the philanthropic affiliate of EduCap Inc. From the 1980s, increasing college tuition costs created demand for more funding than could be provided by federal aid programs.
[1] In 1987, Father John Whalen, a Catholic priest, founded a non-profit loan program to provide private funding for college students in the District of Columbia who did not qualify for government financial aid.
She is a current or former Trustee of New York University, Vanderbilt University, Harvard Kennedy School’s Center for Public Leadership, the John F. Kennedy Center for the Performing Arts, the[3] D.C. College Access Program,[11] Dance Theatre of Harlem, Inova Fairfax Hospital Foundation, National Geographic International Advisory Council, and the American Academy of Achievement.
[35][36] In April 2020, President Donald J. Trump appointed Catherine Reynolds to serve on the Great American Economic Revival Industry Group.
[38] In 2003, the CBS program 60 Minutes reported that Reynolds withdrew a donation of $38 million from the Smithsonian Institution[39] following criticism of a proposal for a Hall of Achievement exhibition.