Reading Musical Foundation logo

Reading Musical Foundation

Foundation · Grantmaker Reading, PA EIN: 23-1472487 Website

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.

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

1state

Share of all 13 itemized 2025 grant dollars.

States

Cities

ReadingWest LawnLaureldaleWyomissing

Giving Over Time

Total grant dollars and number of grants per year

$0$100K$200K$300K$400K10 grants20207 grants202110 grants202211 grants202312 grants202413 grants2025

Grant Insights

How this funder distributes its grants

Top Recipients

Top 10 recipients in 2025

Reading Symphony Orchestra: $118KReading Symphony Orchestra$118KOlivet Boys & Girls Club: $32KOlivet Boys & Girls Club$32KRinggold Band: $20KRinggold Band$20KReading Choral Society: $19KReading Choral Society$19KBerks Arts: $14KBerks Arts$14KReading Pops Orchestra: $12KReading Pops Orchestra$12KFriends of Chamber Music: $9KFriends of Chamber Music$9KWCR Center for the Arts: $8KWCR Center for the Arts$8KBerks Sinfonietta: $8KBerks Sinfonietta$8KYocum Institute for Arts Education: $8KYocum Institute for ArtsEducation$8K

Grant Size Distribution

53 grants across all recorded years

48<$50K1$50–100K4$100–250K$250–500K$500K–1M$1–5M$5M+

Giving History

Grant recipients and amounts by year

RecipientPurposeAmount
READING SYMPHONY ORCHESTRA Reading, PARESTRICTED GRANT FOR CONCERT AND OUTREACH EXPENSES$118,395
OLIVET BOYS & GIRLS CLUB Reading, PARESTRICTED GRANT FOR AFTER-SCHOOL MUSIC PROGRAMS$32,000
RINGGOLD BAND Reading, PARESTRICTED GRANT FOR CONCERT AND OUTREACH EXPENSES$20,000
READING CHORAL SOCIETY Reading, PARESTRICTED GRANT FOR CONCERT AND OUTREACH EXPENSES$18,500
BERKS ARTS Reading, PARESTRICTED GRANT FOR JAZZ EDUCATION PROGRAMS$14,200
READING POPS ORCHESTRA Reading, PARESTRICTED GRANT FOR CONCERT AND OUTREACH EXPENSES$11,700
FRIENDS OF CHAMBER MUSIC Reading, PARESTRICTED GRANT FOR CONCERT PERFORMANCES AND OUTREACH PROGRAM EXPENSES$8,800
WCR CENTER FOR THE ARTS Reading, PARESTRICTED GRANT FOR CONCERT EXPENSES$8,100
BERKS SINFONIETTA Reading, PARESTRICTED GRANT FOR CONCERT EXPENSES$8,000
YOCUM INSTITUTE FOR ARTS EDUCATION West Lawn, PARESTRICTED GRANT FOR MUSIC PRODUCTION EXPENSES$7,500

Financial History

Multi-year comparison from IRS filings

Revenue
Expenses
Qualifying Distributions
Net Investment Income
$0$1M$2M$3M$4M202020212022202320242025
Metric202520242023
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

  1. 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

Keri M Shultz — President: $90KKeri M ShultzPresident$90K

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.

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