Reade Industrial Fund

Foundation · Grantmaker Chicago, IL EIN: 36-6048673

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

1state

Share of all 4 itemized 2025 grant dollars.

States

Cities

ChicagoMokena

Giving Over Time

Total grant dollars and number of grants per year

$0$100K$200K$300K4 grants20194 grants20204 grants20214 grants20223 grants20234 grants20244 grants2025

Grant Insights

How this funder distributes its grants

Top Recipients

Top 4 recipients in 2025

Metropolitan Family Services: $72KMetropolitan Family Services$72KSouth Suburban Council on Homelessness: $72KSouth Suburban Council onHomelessness$72KThe Catholic Charities of the Archdioc: $42KThe Catholic Charities of theArchdioc$42KAll Chicago: $25KAll Chicago$25K

Grant Size Distribution

19 grants across all recorded years

8<$50K11$50–100K$100–250K$250–500K$500K–1M$1–5M$5M+

Giving History

Grant recipients and amounts by year

RecipientPurposeAmount
METROPOLITAN FAMILY SERVICES Chicago, ILGENERAL OPERATING PURPOSES$71,766
SOUTH SUBURBAN COUNCIL ON HOMELESSNESS Mokena, ILGENERAL OPERATING PURPOSES$71,766
THE CATHOLIC CHARITIES OF THE ARCHDIOC Chicago, ILGENERAL OPERATING PURPOSES$42,215
ALL CHICAGO Chicago, ILGENERAL OPERATING PURPOSES$25,329

Financial History

Multi-year comparison from IRS filings

Revenue
Expenses
Qualifying Distributions
Net Investment Income
$0$100K$200K$300K$400K2019202020212022202320242025
Metric202520242023
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

  1. Updated Form 990-PF for fiscal year 2019 (received by the IRS May 4, 2020)
  2. Updated Form 990-PF for fiscal year 2020 (received by the IRS May 17, 2021)
  3. Updated Form 990-PF for fiscal year 2021 (received by the IRS May 4, 2022)
  4. Updated Form 990-PF for fiscal year 2022 (received by the IRS May 4, 2023)
  5. Updated Form 990-PF for fiscal year 2023 (received by the IRS April 26, 2024)
  6. Updated Form 990-PF for fiscal year 2024 (received by the IRS May 1, 2025)
  7. Updated Form 990-PF for fiscal year 2025 (received by the IRS April 27, 2026)
  8. Added Form 990-PF for fiscal year 2025 (received by the IRS April 27, 2026)
  9. 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

Bmo Bank N a — Trustee: $49KBmo Bank N aTrustee$49K

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.

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