Reade Industrial Fund
Reade Industrial Fund is a private foundation, based in Chicago, IL. IRS filing data is available from 2019 through 2025. As of 2025, the organization holds $3.1M in total assets. In 2025, it awarded 4 grants totaling $211K. Net investment income was $210K.
Key facts about Reade Industrial Fund
In short: Reade Industrial Fund gave $211K across 4 grants in 2025 (avg $53K), mostly in Illinois. Source: 2025 IRS Form 990-PF.
- EIN
- 36-6048673
- Latest 990 filing
- Form 990-PF, 2025
- Annual giving (2025)
- $211,076
- Grants made (2025)
- 4
- Average grant
- $52,769
- Median grant
- $56,991
- Total assets
- $3,106,728
- Primary geography
- Illinois (100% of itemized 2025 grant dollars)
Data from IRS Form 990-PF, 2025; updated September 2026.
Financial Overview
From 2025 IRS Form 990-PF · View filing
Total Assets
$3.1M
-0.8% YoY
Annual Giving
$211K
+11.9% YoY
Grant Count
4
+0.0% YoY
Avg Grant Size
$53K
+11.9% YoY
Under IRS private-foundation payout rules, Reade Industrial Fund reported a distributable amount of $243K for 2025 — the minimum it must pay out in qualifying distributions.
How Reade Industrial Fund gives
- Giving held roughly steady from 2022 to 2025 (−7%). Method
- In 2025 it paid out 97% of its IRS minimum distribution (the 5% rule). Foundations have until the end of the next year to meet it. Method
From the foundation's IRS Form 990-PF filings. Methodology.
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of all 4 itemized 2025 grant dollars.
States
Cities
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 4 recipients in 2025
Grant Size Distribution
19 grants across all recorded years
Giving History
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| METROPOLITAN FAMILY SERVICES Chicago, IL | GENERAL OPERATING PURPOSES | $71,766 |
| SOUTH SUBURBAN COUNCIL ON HOMELESSNESS Mokena, IL | GENERAL OPERATING PURPOSES | $71,766 |
| THE CATHOLIC CHARITIES OF THE ARCHDIOC Chicago, IL | GENERAL OPERATING PURPOSES | $42,215 |
| ALL CHICAGO Chicago, IL | GENERAL OPERATING PURPOSES | $25,329 |
Financial History
Multi-year comparison from IRS filings
| Metric | 2025 | 2024 | 2023 |
|---|---|---|---|
| Total Assets | $3,106,728 | $3,130,425 | $3,084,423 |
| Revenue | $235,606 | $285,562 | $211,428 |
| Expenses | $266,006 | $236,478 | $236,223 |
| Qualifying Distributions | $235,696 | $210,233 | $214,473 |
| Net Investment Income | $209,970 | $263,151 | $190,025 |
| Distributable Amount | $243,467 | $232,745 | $208,316 |
Data update history
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2019 (received by the IRS May 4, 2020)
- Updated Form 990-PF for fiscal year 2020 (received by the IRS May 17, 2021)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS May 4, 2022)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS May 4, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS April 26, 2024)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS May 1, 2025)
- Updated Form 990-PF for fiscal year 2025 (received by the IRS April 27, 2026)
- Added Form 990-PF for fiscal year 2025 (received by the IRS April 27, 2026)
- IRS filings on file for fiscal years 2019–2024
Leadership & Key People
Officers and directors from IRS filings
Reade Industrial Fund's only listed officer is BMO Bank N A, Trustee on every filing since 2023 (compensated).
Officers on the 2025 filing
BMO Bank N A
Trustee
On filings since 2023
2 hrs/week
$39K (2023) → $49K (2025)
Former officers (1)
- Former: BMO Harris Bank N A (2019–2022) — Trustee
Data from IRS Form 990 filings, 2019–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Compensation Overview
From 2025 IRS filing
Frequently asked questions about Reade Industrial Fund
How much does Reade Industrial Fund give each year?
Reade Industrial Fund gave $211K across 4 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $189K across 4 grants.
What is Reade Industrial Fund's typical grant size?
Reade Industrial Fund's median grant in 2025 was $56,991, and its average grant was $52,769, across 4 grants on its 2025 IRS Form 990-PF.
Where does Reade Industrial Fund give grants?
Reade Industrial Fund gives mostly in Illinois: 100% of the grant dollars itemized on its 2025 IRS Form 990-PF went to recipients there. The most frequent recipient cities were Chicago, IL (3 grants).
Does Reade Industrial Fund give general operating support?
Yes: 100% of Reade Industrial Fund's 2025 grants with a stated purpose (4 of 4) were for general or operating support, per its 2025 IRS Form 990-PF.
How large is Reade Industrial Fund?
Reade Industrial Fund reported $3.1M in total assets on its 2025 IRS Form 990-PF. It paid out $236K in qualifying distributions that year, against a required minimum of $243K (roughly 5% of its investment assets).
What is Reade Industrial Fund's EIN?
Reade Industrial Fund's EIN (Employer Identification Number) is 36-6048673. IRS Form 990 filing data is available on this page for 2019–2025.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Here's the math on researching Reade Industrial Fund by hand.
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