The Reading 1 Foundation
The Reading 1 Foundation is a private foundation, based in Hunting Valley, OH. IRS filing data is available from 2020 through 2025. As of 2025, the organization holds $3.6M in total assets. In 2025, it awarded 7 grants totaling $199K. Net investment income was $42K.
The Reading 1 Foundation at a glance
In short: The Reading 1 Foundation gave $199K across 7 grants in 2025 (avg $28K), mostly in Ohio. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $198,500
- -15.5% vs 2024
- Grants made (2025)
- 7
- +40.0% vs 2024
- Average grant
- $28,357
- -39.7% vs 2024
- Median grant
- $20,000
- Total assets
- $3,610,658
- +0.6% vs 2024
- Primary geography
- Ohio (90% 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 The Reading 1 Foundation funds
How this funder distributes its grants
Top Recipients
Top 7 recipients in 2025
The largest 2025 recipient was Laurel School ($80K). Together the top 7 received $199K.
Grant Size Distribution
27 grants across all recorded years
The most common grant size was under $50K: 22 grants of 27 (81%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2025 grant dollars across all 7 itemized grants.
Cities
How The Reading 1 Foundation gives
- Giving grew 47% from 2022 to 2025. Method
- In 2025 it paid out 117% of its IRS minimum distribution (the 5% rule). 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 2020 to 2025, annual grant giving ranged from $60K (2023) to $235K (2024). In 2025 it made 7 grants totaling $199K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Laurel School Shaker Heights, OH | General Tax-Exempt Purposes | $80,000 |
| Cleveland Institute of Art Cleveland, OH | General Tax-Exempt Purposes | $51,000 |
| Hopewell Middlefield, OH | General Tax-Exempt Purposes | $20,000 |
| Cleveland Zoological Society Cleveland, OH | General Tax-Exempt Purposes | $20,000 |
| The Willows Community School Culver City, CA | General Tax-Exepmt Purposes | $10,000 |
| Uchicago Space Program Chicago, IL | General Tax-Exempt Purposes | $10,000 |
| Fairmount Presbyterian Church Cleveland HTS, OH | General Tax-Exempt Purposes | $7,500 |
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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 | $3,610,658 | $73,546 | $226,935 | $198,500 | 7 | $198,500 | $42,311 | $168,991 |
| 2024 | $3,590,436 | $209,821 | $261,760 | $235,000 | 5 | $235,000 | $183,061 | $153,990 |
| 2023 | $2,794,641 | $303,717 | $85,320 | $60,000 | 2 | $60,000 | $278,397 | $133,620 |
| 2022 | $2,773,278 | $166,761 | $160,741 | $135,000 | 5 | $135,000 | $138,520 | $138,073 |
| 2021 | $3,254,818 | $123,623 | $243,776 | $217,500 | 8 | — | $94,847 | $151,059 |
| 2020 | $2,909,386 | $-109,337 | $135,637 | $110,500 | 7 | — | $18,505 | $135,329 |
Under IRS private-foundation payout rules, The Reading 1 Foundation reported a distributable amount of $169K for 2025 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
The Reading 1 Foundation is led by Sally Reddig Schulze, Trustee on every filing since 2020 — the only officer listed, and uncompensated.
Officers on the 2025 filing
Sally Reddig Schulze
Trustee
On filings since 2020
No compensation reported
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.
Frequently asked questions about The Reading 1 Foundation
How much does The Reading 1 Foundation give each year?
The Reading 1 Foundation gave $199K across 7 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $235K across 5 grants.
What is The Reading 1 Foundation's typical grant size?
The Reading 1 Foundation's median grant in 2025 was $20,000, and its average grant was $28,357, across 7 grants on its 2025 IRS Form 990-PF.
Where does The Reading 1 Foundation give grants?
The Reading 1 Foundation gives mostly in Ohio: 90% of the grant dollars itemized on its 2025 IRS Form 990-PF went to recipients there. The next largest states were California (5%) and Illinois (5%). The most frequent recipient cities were Cleveland, OH (2 grants).
Does The Reading 1 Foundation give general operating support?
Yes: 100% of The Reading 1 Foundation's 2025 grants with a stated purpose (7 of 7) were for general or operating support, per its 2025 IRS Form 990-PF.
Who are The Reading 1 Foundation's largest grantees?
The Reading 1 Foundation's largest 2025 grantees include Laurel School ($80,000), Cleveland Institute of Art ($51,000) and Hopewell ($20,000), according to its 2025 IRS Form 990-PF. Together they received 76% of its itemized 2025 grant dollars.
How large is The Reading 1 Foundation?
The Reading 1 Foundation reported $3.6M in total assets on its 2025 IRS Form 990-PF. It paid out $199K in qualifying distributions that year, against a required minimum of $169K (roughly 5% of its investment assets).
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 2020–2025.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(7)
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2020 (received by the IRS February 1, 2021)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS January 27, 2022)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS January 27, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS January 26, 2024)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS January 23, 2025)
- Updated Form 990-PF for fiscal year 2025 (received by the IRS January 24, 2026)
- IRS filings on file for fiscal years 2020–2025
Live grants for the work The Reading 1 Foundation funds
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