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.
Reade Industrial Fund at a glance
In short: Reade Industrial Fund gave $211K across 4 grants in 2025 (avg $53K), mostly in Illinois. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $211,076
- +11.9% vs 2024
- Grants made (2025)
- 4
- +0.0% vs 2024
- Average grant
- $52,769
- +11.9% vs 2024
- Median grant
- $56,991
- Total assets
- $3,106,728
- -0.8% vs 2024
- Primary geography
- Illinois (100% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990-PF, 2025 View filing
Data from IRS Form 990-PF, 2025; updated September 2026.
Who Reade Industrial Fund funds
How this funder distributes its grants
Top Recipients
Top 4 recipients in 2025
The largest 2025 recipient was Metropolitan Family Services ($72K). Together the top 4 received $211K.
Grant Size Distribution
19 grants across all recorded years
The most common grant size was in the $50–100K range: 11 grants of 19 (58%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2025 grant dollars across all 4 itemized grants.
States
Cities
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.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2019 to 2025, annual grant giving ranged from $148K (2019) to $226K (2022). In 2025 it made 4 grants totaling $211K.
Grants by year
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 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Net Investment Income | Distributable Amount |
|---|---|---|---|---|---|---|---|---|
| 2025 | $3,106,728 | $235,606 | $266,006 | $211,076 | 4 | $235,696 | $209,970 | $243,467 |
| 2024 | $3,130,425 | $285,562 | $236,478 | $188,564 | 4 | $210,233 | $263,151 | $232,745 |
| 2023 | $3,084,423 | $211,428 | $236,223 | $194,722 | 3 | $214,473 | $190,025 | $208,316 |
| 2022 | $3,111,534 | $124,807 | $270,158 | $225,800 | 4 | $245,699 | $104,387 | $214,620 |
| 2021 | $3,258,416 | $206,575 | $239,070 | $193,629 | 4 | $215,752 | $183,875 | $247,923 |
| 2020 | $3,290,592 | $-10,833 | $224,384 | $180,418 | 4 | — | $77,142 | $212,107 |
| 2019 | $3,526,242 | $325,436 | $189,215 | $148,019 | 4 | — | $305,378 | $200,336 |
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.
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
The highest reported compensation on the 2025 filing was $49K, to BMO Bank N a (Trustee).
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). Falling short in one year is not a violation: foundations have until the end of the next year to meet the minimum.
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.
Data update history
(8)
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)
- Added Form 990-PF for fiscal year 2025 (received by the IRS April 27, 2026)
- IRS filings on file for fiscal years 2019–2024
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