Reading Musical Foundation
To advance and advocate for music education and appreciation in berks county.
Key facts about Reading Musical Foundation
In short: Reading Musical Foundation gave $266K across 13 grants in 2025 (avg $20K), mostly in Pennsylvania. 8% of 2025 grantees were new. Source: 2025 IRS Form 990 filing.
- EIN
- 23-1472487
- Latest 990 filing
- Form 990 filing, 2025
- Annual giving (2025)
- $265,660
- Grants made (2025)
- 13
- Average grant
- $20,435
- Median grant
- $8,800
- New grantees (estimate)
- 8% first-time grantees (1 of 13, 2025)
- Total assets
- $23,631,866
- Primary geography
- Pennsylvania (100% of itemized 2025 grant dollars)
Data from IRS Form 990 filing, 2025; updated September 2026. New grantees are estimated by matching recipient names across years (methodology).
Financial Overview
From 2025 IRS Form 990 filing · View filing
Total Assets
$23.6M
+9.2% YoY
Annual Giving
$266K
-10.2% YoY
Grant Count
13
+8.3% YoY
Avg Grant Size
$20K
-17.1% YoY
Is Reading Musical Foundation open to new grantees?
8%
first-time grantees, 2025
In 2025, 1 of 13 grantees (8%) were first-time recipients. First grants averaged $6K; repeat grants $22K. How we count
Medians: $6K first-time, $10K repeat.
- 92% of 2025 grantees were also funded in 2024. Method
- Giving held roughly steady from 2022 to 2025 (+18%). Method
Estimate from itemized grant lists in IRS Form 990 filings (2020–2025). Recipient names are matched across years, so a renamed or misspelled grantee can look new; grants to individuals are left out. Methodology.
About Reading Musical Foundation
Based on IRS filings
Reading Musical Foundation is a nonprofit organization focused on Arts, Culture & Humanities, based in Reading, PA. IRS filing data is available from 2020 through 2025. As of 2025, the organization holds $23.6M in total assets. In 2025, it awarded 13 grants totaling $266K. Net investment income was $714K.
Focus Areas
Ready to take the next step with Reading Musical Foundation?
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of all 13 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 10 recipients in 2025
Grant Size Distribution
53 grants across all recorded years
Giving History
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| READING SYMPHONY ORCHESTRA Reading, PA | RESTRICTED GRANT FOR CONCERT AND OUTREACH EXPENSES | $118,395 |
| OLIVET BOYS & GIRLS CLUB Reading, PA | RESTRICTED GRANT FOR AFTER-SCHOOL MUSIC PROGRAMS | $32,000 |
| RINGGOLD BAND Reading, PA | RESTRICTED GRANT FOR CONCERT AND OUTREACH EXPENSES | $20,000 |
| READING CHORAL SOCIETY Reading, PA | RESTRICTED GRANT FOR CONCERT AND OUTREACH EXPENSES | $18,500 |
| BERKS ARTS Reading, PA | RESTRICTED GRANT FOR JAZZ EDUCATION PROGRAMS | $14,200 |
| READING POPS ORCHESTRA Reading, PA | RESTRICTED GRANT FOR CONCERT AND OUTREACH EXPENSES | $11,700 |
| FRIENDS OF CHAMBER MUSIC Reading, PA | RESTRICTED GRANT FOR CONCERT PERFORMANCES AND OUTREACH PROGRAM EXPENSES | $8,800 |
| WCR CENTER FOR THE ARTS Reading, PA | RESTRICTED GRANT FOR CONCERT EXPENSES | $8,100 |
| BERKS SINFONIETTA Reading, PA | RESTRICTED GRANT FOR CONCERT EXPENSES | $8,000 |
| YOCUM INSTITUTE FOR ARTS EDUCATION West Lawn, PA | RESTRICTED GRANT FOR MUSIC PRODUCTION EXPENSES | $7,500 |
Financial History
Multi-year comparison from IRS filings
| Metric | 2025 | 2024 | 2023 |
|---|---|---|---|
| Total Assets | $23,631,866 | $21,639,152 | $19,546,330 |
| Revenue | $1,519,550 | $1,523,675 | $1,734,772 |
| Expenses | $1,133,643 | $1,231,547 | $1,083,790 |
| Qualifying Distributions | — | — | — |
| Net Investment Income | $713,652 | $817,937 | $525,823 |
| Distributable Amount | — | — | — |
Data update history
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2025
Leadership & Key People
Officers and directors from IRS filings
Reading Musical Foundation is led by Keri M. Shultz, President on every filing since 2020; 1 of 19 officers listed in 2025 is compensated.
Officers on the 2025 filing
Keri M. Shultz
President
On filings since 2020
40 hrs/week
$74K (2020) → $90K (2025)
Paul G. Oxholm
Chair
Secretary → Vice Chair of Finance, 2021
Vice Chair of Finance → Chair, 2023
On filings since 2020
2 hrs/week
No compensation reported
Kim Webster
Trustee
On filings since 2020
1 hr/week
No compensation reported
Lewis Freeman
Trustee
Assistant Treasurer → Vice Chair of Finance, 2023
Vice Chair of Finance → Trustee, 2024
On filings since 2020
1 hr/week
No compensation reported
Virginia Dodge
Trustee
Trustee → Vice Chair of Development, 2023
Vice Chair of Development → Trustee, 2024
On filings since 2020
1 hr/week
No compensation reported
Michael Anderson
Trustee
On filings since 2022
1 hr/week
No compensation reported
Kent Gutzler
Trustee
On filings since 2023
1 hr/week
No compensation reported
Rick Tomlinson
Trustee
On filings since 2024
1 hr/week
No compensation reported
Debra Micka
Trustee
New on the 2025 filing
1 hr/week
No compensation reported
John Ernesto
Trustee
New on the 2025 filing
1 hr/week
No compensation reported
Mike D'errico
Trustee
New on the 2025 filing
1 hr/week
No compensation reported
Tim Simmons
Trustee
New on the 2025 filing
1 hr/week
No compensation reported
Wanda Crespo
Trustee
New on the 2025 filing
1 hr/week
No compensation reported
Sandy Kern
Secretary
Assistant Treasurer → Secretary, 2021
On filings since 2020
2 hrs/week
No compensation reported
Srividya Ramanathan
Vice Chair of Programs
Trustee → Vice Chair of Programs, 2023
On filings since 2020
2 hrs/week
No compensation reported
Tim Haynes
Assistant Treasurer
Trustee → Assistant Treasurer, 2023
On filings since 2020
1 hr/week
No compensation reported
Martha Aynardi
Vice Chair of Finance
Vice Chair of Programs → Vice Chair of Finance, 2024
On filings since 2021
2 hrs/week
No compensation reported
Stephanie Kocher
Treasurer
Trustee → Treasurer, 2025
On filings since 2022
1 hr/week
No compensation reported
Fran Post
Vice Chair of Development
Trustee → Vice Chair of Development, 2024
On filings since 2023
2 hrs/week
No compensation reported
Former officers (11)
- Former: David L. Kline (2020–2024) — Assistant Secretary
- Former: Jamie Thompson (2020–2024) — Trustee
- Former: Timothy Simmons (2020–2024) — Treasurer
- Former: Jayne R. Schaeffer CPA (2020–2023) — Immediate Past Chair
- Former: Tahj Morales (2020–2023) — Trustee
- Former: Benjamin Watts (2020–2022) — Vice Chair of Development · Filing note: Until 1/2022
- Former: Ann Gallen Moll (2021–2022) — Trustee · Filing note: Until 11/2021
- Former: David Swartz (2020–2021) — Trustee
- Former: Melissa Brewer Till (2021) — Trustee
- Former: Melissa Brewer (2020) — Trustee
- Former: Randy Shayler (2020) — Vice Chair of Development
Data from IRS Form 990 filings, 2020–2025. "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 Reading Musical Foundation
How much does Reading Musical Foundation give each year?
Reading Musical Foundation gave $266K across 13 grants in 2025, according to its 2025 IRS Form 990 filing. In 2024 it gave $296K across 12 grants.
What is Reading Musical Foundation's typical grant size?
Reading Musical Foundation's median grant in 2025 was $8,800, and its average grant was $20,435, across 13 grants on its 2025 IRS Form 990 filing. Organizations receiving their first grant from Reading Musical Foundation that year got $6K on average.
Where does Reading Musical Foundation give grants?
Reading Musical Foundation gives mostly in Pennsylvania: 100% of the grant dollars itemized on its 2025 IRS Form 990 filing went to recipients there. The most frequent recipient cities were Reading, PA (11 grants).
Does Reading Musical Foundation give general operating support?
Not in 2025: none of the 13 grants with a stated purpose on Reading Musical Foundation's 2025 IRS Form 990 filing were described as general or operating support. Recurring purposes include "Restricted Grant for Concert Expenses" (4 grants) and "Restricted Grant for Concert and Outreach Expenses" (4 grants).
Who are Reading Musical Foundation's largest grantees?
Reading Musical Foundation's largest 2025 grantees include Reading Symphony Orchestra ($118,395), Olivet Boys & Girls Club ($32,000) and Ringgold Band ($20,000), according to its 2025 IRS Form 990 filing. Together they received 64% of its itemized 2025 grant dollars.
How large is Reading Musical Foundation?
Reading Musical Foundation reported $23.6M in total assets on its 2025 IRS Form 990 filing. Its revenue that year was $1.5M.
What is Reading Musical Foundation?
Reading Musical Foundation is a nonprofit organization focused on Arts, Culture & Humanities, based in Reading, PA. It holds $23.6M in total assets as of 2025.
What is Reading Musical Foundation's EIN?
Reading Musical Foundation's EIN (Employer Identification Number) is 23-1472487. IRS Form 990 filing data is available on this page for 2020–2025.
Data last updated September 2026. Sourced from IRS Form 990 filings.
Here's the math on researching Reading Musical Foundation by hand.
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Reading Musical Foundation down — hundreds of funders to go?