The Reading 1 Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in HUNTING VALLEY, OH. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $3.6M in total assets. In 2024, it awarded 5 grants totaling $235K. Net investment income was $183K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$3.6M
+28.5% YoY
Annual Giving
$235K
+291.7% YoY
Grant Count
5
+150.0% YoY
Avg Grant Size
$47K
+56.7% YoY
Under IRS private-foundation payout rules, The Reading 1 Foundation reported a distributable amount of $154K for 2024 — the minimum it must pay out in qualifying distributions.
About The Reading 1 Foundation
Based on IRS filings
The Reading 1 Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in HUNTING VALLEY, OH. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $3.6M in total assets. In 2024, it awarded 5 grants totaling $235K. Net investment income was $183K.
Focus Areas
Ready to take the next step with The Reading 1 Foundation?
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $3,590,436 | $2,794,641 | $2,773,278 |
| Revenue | $209,821 | $303,717 | $166,761 |
| Expenses | $261,760 | $85,320 | $160,741 |
| Qualifying Distributions | $235,000 | $60,000 | $135,000 |
| Net Investment Income | $183,061 | $278,397 | $138,520 |
| Distributable Amount | $153,990 | $133,620 | $138,073 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 5 recipients in 2024
Grant Size Distribution
27 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Laurel School ($180,000), Cleveland Institute of Art ($35,000), Hopewell ($10,000).
| Recipient | Purpose | Amount |
|---|---|---|
| CLEVELAND INSTITUTE OF ART CLEVELAND, OH | GENERAL TAX-EXEMPT PURPOSES | $35,000 |
| LAUREL SCHOOL SHAKER HEIGHTS, OH | GENERAL TAX-EXEMPT PURPOSES | $180,000 |
| HOPEWELL MIDDLEFIELD, OH | GENERAL TAX-EXEMPT PURPOSES | $10,000 |
| CLEVELAND INSTITUTE OF MUSIC CLEVELAND, OH | GENERAL TAX-EXEMPT PURPOSES | $1,000 |
| UNIVERSITY CIRCLE INC CLEVELAND, OH | GENERAL TAX-EXEMPT PURPOSES | $9,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| SALLY REDDIG SCHULZE | TRUSTEE | — | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is The Reading 1 Foundation?
The Reading 1 Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in HUNTING VALLEY, OH. It holds $3.6M in total assets as of 2024.
How large is The Reading 1 Foundation?
As of 2024, The Reading 1 Foundation holds $3.6M in total assets with $210K in annual revenue. It awarded 5 grants totaling $235K in 2024.
Where does The Reading 1 Foundation operate?
The Reading 1 Foundation has awarded grants in California, Ohio, Pennsylvania, Texas.
What size grants does The Reading 1 Foundation award?
In 2024, The Reading 1 Foundation awarded 5 grants totaling $235K — an average of about $47K per grant, based on its IRS Form 990 filings.
How much is The Reading 1 Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, The Reading 1 Foundation reported a distributable amount of $154K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is The Reading 1 Foundation's EIN?
The Reading 1 Foundation's EIN (Employer Identification Number) is 34-7129352. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in The Reading 1 Foundation's focus areas in our free grants database
Related Funders
Similar funders by location and focus area
Cooper Tire Foundation Inc
AKRON, OH
Assets
$71K
Grants
2
Total Given
$67K
Auburn Education Foundation
CONCORD TOWNSHIP, OH
Assets
$352K
Grants
2
Total Given
$214K
Galpin-white Ta
BROOKLYN, OH
Assets
$16K
Grants
1
Total Given
$887
The Cleveland Superior Arts
CLEVELAND, OH
Assets
$5K
Grants
1
Total Given
$251K
Mary E H Rutter Tr Para 28
BROOKLYN, OH
Assets
$401K
Grants
1
Total Given
$26K
Carrie Peska Memorial Scholarship Fund
ANDOVER, OH
Assets
$19K
Grants
1
Total Given
$4K
Data last updated April 2026. Sourced from IRS Form 990-PF filings.
What could you do with The Reading 1 Foundation on Grantable?
- Assess strategic fit with your organization
- Draft a tailored letter of inquiry
- Find open RFPs from this funder
- Monitor for new funding opportunities
Go from researching The Reading 1 Foundation to a real strategy.