Charles L Read Foundation
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
78
+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.
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
States
Cities
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.
| 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.
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.
Explore Open Grants
Browse active grant opportunities in Charles L Read Foundation's focus areas in our free grants database
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Data last updated June 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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