Charles L Read Foundation
The Charles L Read Foundation is a private foundation based in Bay Shore, New York. In 2024, it awarded grants to organizations in several states, including schools, a hospital, cultural organizations, and land and conservation organizations.
Charles L Read Foundation at a glance
In short: Charles L Read Foundation gave $216K across 78 grants in 2024 (avg $3K), top state New York. 15% of 2024 grantees were new. Source: 2024 IRS Form 990-PF.
- Annual giving (2024)
- $216,000
- +14.6% vs 2023
- Grants made (2024)
- 78
- +5.4% vs 2023
- Average grant
- $2,769
- +8.7% vs 2023
- Median grant
- $2,000
- Total assets
- $4,144,585
- +5.4% vs 2023
- New grantees (estimate)
- 15% first-time grantees (12 of 78, 2024)
- Primary geography
- New York (28% of itemized 2024 grant dollars)
- Latest 990 filing
- Form 990-PF, 2024 View filing
Data from IRS Form 990-PF, 2024; updated October 2026. New grantees are estimated by matching recipient names across years (methodology).
How to apply to Charles L Read Foundation
- How to Apply
-
Applicants should submit a brief resume of the activities for which the grant is desired, along with their latest financial statement and a copy of their IRS exemption letter. The filing states that the foundation does not restrict giving to preselected organizations and lists no restrictions on awards. Contact: Rodger K Herrigel.
- Contact
Application contact: Rodger K Herrigel
Mailing address: 78 Main Street Unit 4, Madison, NJ 07940
Phone: (973) 379-5850
Email: rodger@herrigelbolan.com
Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.
Who Charles L Read Foundation funds
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
The largest 2024 recipient was Trust and Agency Fund Hancock Central School ($24K). Together the top 10 received $75K.
Grant Size Distribution
369 grants across all recorded years
The most common grant size was under $50K: 369 grants of 369 (100%).
Geographic Focus
Where this funder awards grants
In 2024, grant dollars went to recipients in New York (28%), Maine (26%), New Jersey (22%), Colorado (10%), and Maryland (5%). The listed grants also included a Missouri recipient.
Grant Distribution by State
Share of 2024 grant dollars across all 78 itemized grants.
States
Cities
Is Charles L Read Foundation open to new grantees?
15%
first-time grantees, 2024
In 2024, 12 of 78 grantees (15%) were first-time recipients. First grants averaged $1K; repeat grants $3K. How we count
Medians: $1K first-time, $3K repeat.
- 82% of 2024 grantees were also funded in 2023. Method
- Giving held roughly steady from 2021 to 2024 (+8%). Method
- In 2024 it paid out 464% of its IRS minimum distribution (the 5% rule). Method
Estimate from itemized grant lists in IRS Form 990-PF filings (2020–2024). Recipient names are matched across years, so a renamed or misspelled grantee can look new; grants to individuals are left out. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2024, annual grant giving ranged from $189K (2023) to $216K (2024). In 2024 it made 78 grants totaling $216K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Trust and Agency Fund Hancock Central School Hancock, NY | Purchase of Capital Items | $24,000 |
| Louisa Adelia Read Memorial Library Hancock, NY | Purchase of Capital Items | $10,000 |
| South Shore University Hospital Bayshore, NY | Purchase of Capital Items | $10,000 |
| Hancock Partners Hancock, NY | Purchase of Capital Items | $5,000 |
| Mancos Creative District Mancos, CO | Purchase of Capital Items | $5,000 |
| United Methodist Church of Madison Madison, NJ | Purchase of Capital Items | $5,000 |
| Breckenridge Thanksgiving Hockey Nite Breckenridge, CO | Purchase of Capital Items | $4,000 |
| Freedom House Glen Gardner, NJ | Purchase of Capital Items | $4,000 |
| Maine Coast Heritage Trust Brunswick, ME | Purchase of Capital Items | $4,000 |
| Maine Island Trail Assoc Portland, ME | Purchase of Capital Items | $4,000 |
Ready to take the next step with Charles L Read Foundation?
Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Net Investment Income | Distributable Amount |
|---|---|---|---|---|---|---|---|---|
| 2024 | $4,144,585 | $170,961 | $308,441 | $216,000 | 78 | $250,667 | $148,184 | $54,074 |
| 2023 | $3,931,643 | $-8,550 | $279,207 | $188,500 | 74 | $228,367 | $80,564 | $194,061 |
| 2022 | $3,674,298 | $-85,944 | $297,292 | $204,500 | 73 | $237,847 | $83,682 | $223,047 |
| 2021 | $4,652,557 | $1,058,651 | $298,340 | $200,500 | 72 | $233,847 | $1,041,850 | $228,104 |
| 2020 | $4,458,253 | $731,149 | $281,559 | $190,500 | 72 | — | $675,242 | $195,448 |
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 September 2026.
Mission & Focus Areas
No mission statement for the foundation is provided. Its 2024 grants show support for a range of organizations. For example, Hancock Partners says it promotes economic and social growth in the greater Hancock, New York area; Maine Coast Heritage Trust says it advances conservation of lands and waters in Maine; and Freedom House says it provides recovery-oriented services for people affected by substance dependency. South Shore University Hospital describes its work as including clinical care, health education, and biomedical research.
Grantmaking
In 2024, the foundation made 78 grants totaling $216,000. Grant amounts ranged from $1,000 to $24,000, with a median of $2,000. The largest awards included $24,000 to Trust and Agency Fund Hancock Central School and $10,000 each to Louisa Adelia Read Memorial Library and South Shore University Hospital. The stated purpose for these three grants was purchase of capital items. Other listed grants included $5,000 to Mancos Creative District and $4,000 each to Maine Coast Heritage Trust, Museum of Early Trades and Crafts, and Freedom House.
Leadership & Key People
Leadership team and compensation from IRS filings
The 2024 filing lists Kathryn Galton as secretary, Rodger K Herrigel as president, Saul Eisenberg as treasurer, and Richard Eisenberg as vice president.
Charles L Read Foundation is led by Rodger K. Herrigel, President on every filing since 2020; none of the 4 officers listed in 2024 report compensation.
Officers on the 2024 filing
Rodger K. Herrigel
President
On filings since 2020
5 hrs/week
$13K (2020) → $0 (2024)
Kathryn Galton
Secretary
On filings since 2020
5 hrs/week
$13K (2020) → $0 (2024)
Richard Eisenberg
V.p
On filings since 2020
5 hrs/week
$13K (2020) → $0 (2024)
Saul Eisenberg
Treasurer
On filings since 2020
5 hrs/week
$13K (2020) → $0 (2024)
Data from IRS Form 990 filings, 2020–2024. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Compensation Overview
From 2022 IRS filing
The highest reported compensation on the 2022 filing was $13K, to Kathryn Galton (Secy). 4 officers or directors reported compensation on that filing.
Frequently asked questions about Charles L Read Foundation
How much does Charles L Read Foundation give each year?
Charles L Read Foundation gave $216K across 78 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $189K across 74 grants.
What is Charles L Read Foundation's typical grant size?
Charles L Read Foundation's median grant in 2024 was $2,000, and its average grant was $2,769, across 78 grants on its 2024 IRS Form 990-PF. Organizations receiving their first grant from Charles L Read Foundation that year got $1K on average.
Where does Charles L Read Foundation give grants?
Charles L Read Foundation's top state is New York, with 28% of the grant dollars itemized on its 2024 IRS Form 990-PF. The next largest states were Maine (26%) and New Jersey (22%). The most frequent recipient cities were Phippsburg, ME (8 grants), Madison, NJ (6 grants), Bath, ME (6 grants) and Chestertown, MD (6 grants).
Does Charles L Read Foundation give general operating support?
Not in 2024: none of the 78 grants with a stated purpose on Charles L Read Foundation's 2024 IRS Form 990-PF were described as general or operating support. Recurring purposes include "Purchase of Capital Items" (69 grants) and "Purchase of Capital Itemspurchase of Capital Items" (4 grants).
Who are Charles L Read Foundation's largest grantees?
Charles L Read Foundation's largest 2024 grantees include Trust and Agency Fund Hancock Central School ($24,000), Louisa Adelia Read Memorial Library ($10,000) and South Shore University Hospital ($10,000), according to its 2024 IRS Form 990-PF. Together they received 20% of its itemized 2024 grant dollars.
How large is Charles L Read Foundation?
Charles L Read Foundation reported $4.1M in total assets on its 2024 IRS Form 990-PF. It paid out $251K in qualifying distributions that year, against a required minimum of $54K (roughly 5% of its investment assets).
What does Charles L Read Foundation fund?
No mission statement for the foundation is provided. Its 2024 grants show support for a range of organizations. See mission & focus areas ↑
How do I apply for a grant from Charles L Read Foundation?
Applicants should submit a brief resume of the activities for which the grant is desired, along with their latest financial statement and a copy of their IRS exemption letter. Eligibility and process details are in the grantmaking section of this profile. See how to apply ↑
What is Charles L Read Foundation's EIN?
Charles L Read Foundation's EIN (Employer Identification Number) is 22-6053510. IRS Form 990 filing data is available on this page for 2020–2024.
Data last updated October 2026. Sourced from IRS Form 990-PF filings. Research dossier generated September 2026.
Data update history
(1)
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2024
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Cite this profile
Grantable. (2026). Charles L Read Foundation funder profile. GrantGraph. Retrieved October 15, 2026, from https://grantable.co/funders/charles-l-read-foundation-morg_f3479253120243cfbada6586e4467249
BibTeX
@misc{grantable_226053510_2026,
author = {{Grantable}},
title = {{Charles L Read Foundation funder profile}},
howpublished = {GrantGraph},
year = {2026},
url = {https://grantable.co/funders/charles-l-read-foundation-morg_f3479253120243cfbada6586e4467249},
note = {Accessed 2026-10-15. Data licensed CC BY 4.0}
}The figures on this page are open data under CC BY 4.0: reuse them with credit to Grantable and a link. Download the data.
Figures come from Charles L Read Foundation's IRS filings (methodology). AI-written summaries, news items and logos are not covered by the open licence. Spot an error? Email hello@grantable.co.
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