THE MISSION OF THE FOUNDATION FOR READING AREA COMMUNITY COLLEGE IS TO AUGMENT AND ENHANCE THE COLLEGE'S ABILITY TO OFFER AFFORDABLE, QUALITY EDUCATIONAL OPPORTUNITIES TO THE COMMUNITY.
Financial Overview
From 2025 IRS Form 990-PF · View filing
Total Assets
$32.0M
+10.5% YoY
Annual Giving
$1.4M
+15.8% YoY
Grant Count
1
+0.0% YoY
Avg Grant Size
$1.4M
+15.8% YoY
About Foundation for Reading Area Community
Based on IRS filings
Foundation for Reading Area Community is a nonprofit organization focused on Education, based in READING, PA. IRS filing data is available from 2021 through 2025. As of 2025, the organization holds $32.0M in total assets. In 2025, it awarded 1 grants totaling $1.4M. Net investment income was $381K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2025 | 2024 | 2023 |
|---|---|---|---|
| Total Assets | $31,986,764 | $28,950,000 | $25,439,059 |
| Revenue | $4,109,333 | $4,212,353 | $1,876,136 |
| Expenses | $3,567,511 | $2,988,127 | $1,902,741 |
| Qualifying Distributions | — | — | — |
| Net Investment Income | $380,800 | $186,220 | $262,232 |
| Distributable Amount | — | — | — |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 1 recipients in 2025
Grant Size Distribution
5 grants across all recorded years
Open Grants
1 open opportunity from Foundation for Reading Area Community
Giving History
Grant recipients and amounts by year
Among its reported 2025 grants, the largest include Reading Area Community College ($1,428,497).
| Recipient | Purpose | Amount |
|---|---|---|
| READING AREA COMMUNITY COLLEGE READING, PA | HEALTHCARE PAVILION CAMPAIGN, BOOKS AND EQUIPMENT, COLLEGE NEEDS, ARTS, CULTURE, LECTURES | $1,428,497 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2025 IRS filing
From 2025 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| GARY M MOYER | CHAIR | 1 | — |
| MARY M PALMER | VICE-CHAIR | 1 | — |
| RYAN P HOTTENSTEIN | TREASURER | 1 | — |
| REBECCA A IANNELLI | ASSISTANT TREASURER | 1 | — |
| CRAIG M PERROTTY | SECRETARY | 1 | — |
| DR CHARLES BARBERA | DIRECTOR | 1 | — |
| WILLIAM F BENDER | DIRECTOR | 1 | — |
| ERIC G BURKEY | DIRECTOR | 1 | — |
| PETER T EDELMAN | DIRECTOR | 1 | — |
| STEVEN A EHRLICH | DIRECTOR | 1 | — |
| CHARLES FRIES | DIRECTOR | 1 | — |
| SANDRA FOCHT | DIRECTOR | 1 | — |
| KELSEY FRANKOWSKI ESQ | DIRECTOR | 1 | — |
| KRISTI GAGE-LINDERMAN | DIRECTOR | 1 | — |
| ALEXANDRA GOODMAN | DIRECTOR | 1 | — |
| DR JILL HACKMAN | DIRECTOR | 1 | — |
| KATIE B HANNON | DIRECTOR | 1 | — |
| DANIEL B LAWS JR | DIRECTOR | 1 | — |
| DR SUSAN D LOONEY | DIRECTOR | 1 | — |
| DR JEROME I MARCUS | DIRECTOR | 1 | — |
| MICHAEL J NOON | DIRECTOR | 1 | — |
| PAUL G OXHOLM | DIRECTOR | 1 | — |
| MARYANNE POST BELL | DIRECTOR | 1 | — |
| GARY W RIGHTMIRE | DIRECTOR | 1 | — |
| PETER ROWLEY | DIRECTOR | 1 | — |
| VIRGINIA RUSH | DIRECTOR | 1 | — |
| BECKY SHEMANSKI | DIRECTOR | 1 | — |
| EDWIN L STOCK ESQ | DIRECTOR | 1 | — |
| SHARON WHITE | DIRECTOR | 1 | — |
| MICHAEL E NAGEL | VICE PRESIDENT EMERITUS-NON-VOTING | 1 | — |
| ANTHONY DEMARCO | EXECUTIVE DIRECTOR | 15 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Foundation for Reading Area Community?
Foundation for Reading Area Community is a nonprofit organization focused on Education, based in READING, PA. It holds $32.0M in total assets as of 2025.
How large is Foundation for Reading Area Community?
As of 2025, Foundation for Reading Area Community holds $32.0M in total assets with $4.1M in annual revenue. It awarded 1 grants totaling $1.4M in 2025.
Where does Foundation for Reading Area Community operate?
Foundation for Reading Area Community has awarded grants in Pennsylvania.
What size grants does Foundation for Reading Area Community award?
In 2025, Foundation for Reading Area Community awarded 1 grants totaling $1.4M — an average of about $1.4M per grant, based on its IRS Form 990 filings.
What is Foundation for Reading Area Community's EIN?
Foundation for Reading Area Community's EIN (Employer Identification Number) is 23-2273163. IRS Form 990 filing data is available on this page for 2021–2025.
Explore Open Grants
Browse active grant opportunities in Foundation for Reading Area Community's focus areas in our free grants database
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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