Charles L Read Foundation

Foundation · Grantmaker BAYSHORE, NY EIN: 22-6053510

The Charles L Read Foundation is a private 501(c)(3) family foundation based in Bay Shore, New York. Established as a trust in 1954 in New Jersey, the foundation has been tax-exempt since November 1956. It operates as a grantmaking organization focused on supporting charitable causes across multiple sectors.

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$4.1M

+5.4% YoY

Annual Giving

$216K

+14.6% YoY

Grant Count

+5.4% YoY

Avg Grant Size

$3K

+8.7% YoY

Under IRS private-foundation payout rules, Charles L Read Foundation reported a distributable amount of $54K for 2024 — the minimum it must pay out in qualifying distributions.

Research compiled by Grantable AI from public sources. Last updated April 2026.

Mission & Focus Areas

The foundation's giving priorities include:

Education
Hospitals
Human Services
Religious federated giving programs
Philanthropy, Voluntarism & Grantmaking

Grantmaking

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Geographic Focus

Where this funder awards grants

The foundation primarily directs grants to organizations in:

Maine
New Jersey
New York

Grant Distribution by State

Maine $182K (31%)

New Jersey $151K (26%)

New York $100K (17%)

Colorado $82K (14%)

Maryland $31K (5%)

Massachusetts $20K (3%)

Pennsylvania $18K (3%)

California $6K (1%)

+7 more states

States

California Colorado District of Columbia Florida Illinois Massachusetts Maryland Maine Missouri North Carolina New Jersey New York Pennsylvania Utah Virginia

Cities

AlfordArrowsicBathBayshoreBostonBoulderBreckenridgeBrown MillsBrunswickChapel HillCharlottesvilleChathamChesterChestertownChicagoColorado SpringsCommackCortezDenverEast Booth Bay

Financial History

Multi-year comparison from IRS filings

Metric	Amount
Total Assets	$4,144,585
Total Annual Giving	$216,000
Total Liabilities	$0

The foundation maintains a strong financial position with no outstanding liabilities. Recent financial data reflects consistent grantmaking activity with modest annual revenue fluctuations.

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2024	2023	2022
Total Assets	$4,144,585	$3,931,643	$3,674,298
Revenue	$170,961	$-8,550	$-85,944
Expenses	$308,441	$279,207	$297,292
Qualifying Distributions	$250,667	$228,367	$237,847
Net Investment Income	$148,184	$80,564	$83,682
Distributable Amount	$54,074	$194,061	$223,047

Giving Over Time

Total grant dollars and number of grants per year

Grant Insights

How this funder distributes its grants

Top Recipients

Top 10 recipients in 2024

Grant Size Distribution

250 grants across all recorded years

Giving History

Grant recipients and amounts by year

Among its reported 2024 grants, the largest include Louisa Adelia Read Memorial Library ($10,000), Hancock Partners ($5,000), Mancos Creative District ($5,000).

Recipient	Purpose	Amount
BAYSHORE BRIGHTWATERS RESCUE AMBULANCE BAYSHORE, NY	PURCHASE OF CAPITAL ITEMS	$2,000
A PAW IN THE DOOR BATH, ME	PURCHASE OF CAPITAL ITEMS	$1,500
AMERICA'S GROW A ROW PITTSTOWN, NJ	PURCHASE OF CAPITAL ITEMS	$2,000
BATH AREA YMCA BATH, ME	PURCHASE OF CAPITAL ITEMS	$2,500
BIGELOW LABORATORIES EAST BOOTH BAY, ME	PURCHASE OF CAPITAL ITEMS	$2,500
BRECKENRIDGE THANKSGIVING HOCKEY NITE BRECKENRIDGE, CO	PURCHASE OF CAPITAL ITEMS	$4,000
CHATHAM UNITED METHODIST CHURCH CHATHAM, NJ	FPURCHASE OF CAPITAL ITEMS	$1,500
CHESHIRE HOMES FLORAM PARK, NJ	PURCHASE OF CAPITAL ITEMS	$1,000
COTTONWOOD CENTER FOR THE ARTS COLORADO SPRINGS, CO	PURCHASE OF CAPITAL ITEMS	$2,000
DEBORAH HOSPITAL BROWN MILLS, NJ	PURCHASE OF CAPITAL ITEMSPURCHASE OF CAPITAL ITEMS	$1,000

Leadership & Key People

Leadership team and compensation from IRS filings

Saul Eisenberg serves as Treasurer of the foundation.

Compensation Overview

From 2024 IRS filing

From 2024 filing

Name	Title	Hours	Compensation
KATHRYN GALTON	SECY	5	—
RODGER K HERRIGEL	PRES	5	—
SAUL EISENBERG	TREAS	5	—
RICHARD EISENBERG	V.P	5	—

Frequently Asked Questions

What does Charles L Read Foundation fund?

The foundation's giving priorities include: • Education • Hospitals • Human Services • Religious federated giving programs • Philanthropy, Voluntarism & Grantmaking

How do I apply for a grant from Charles L Read Foundation?

**Grant Amounts:** Typical awards range from $1,000 to $28,000. **Annual Giving:** The foundation distributed $216,000 in grants based on its most recent IRS Form 990 filing. **Asset Base:** Total assets of approximately $4.1 million provide the foundation's grantmaking capacity.

Where does Charles L Read Foundation make grants?

The foundation primarily directs grants to organizations in: • Maine • New Jersey • New York

What size grants does Charles L Read Foundation award?

In 2024, Charles L Read Foundation awarded 78 grants totaling $216K — an average of about $3K per grant, based on its IRS Form 990 filings.

How much is Charles L Read Foundation required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2024, Charles L Read Foundation reported a distributable amount of $54K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.