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Also known as: f/k/a The Merrill Foundation Inc
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Read Foundation Inc. is a private corporation based in MILWAUKEE, WI. The foundation received its IRS ruling in 1997. The principal officer is Marion Merrill Chester Read. It holds total assets of $472K. Annual income is reported at $274K. Total assets have decreased from $959K in 2011 to $619K in 2023. The foundation is governed by 5 officers and trustees. The foundation operates in the area of philanthropy & grantmaking. According to its most recent filing, the foundation only makes contributions to preselected charitable organizations. Tax records are available from 2016 to 2023. The foundation primarily funds organizations in Wisconsin and Colorado. According to available records, Read Foundation Inc. has made 75 grants totaling $328K, with a median grant of $2K. Annual giving has grown from $111K in 2021 to $216K in 2022. Individual grants have ranged from $100 to $22K, with an average award of $4K. The foundation has supported 40 unique organizations. The foundation primarily supports organizations in Wisconsin, Texas, Colorado, which account for 77% of all grants. Grantmaking reaches organizations across 10 states. Contributions to this foundation are tax-deductible.
Smallest Grant
N/A
Median Grant
$1K
Average Grant
$3K
Largest Grant
$33K
Based on 32 grants from the most recent 990-PF filing.
No program descriptions are available for this foundation. Many private foundations report program activities in their annual 990-PF filings — check the Tax Filings section below for the most recent filing.
Read Foundation Inc. primarily funds organizations in the area of philanthropy & grantmaking. Based on available records, the foundation has funded 75 grants. Its grantmaking reaches organizations primarily in WI, TX, CO.
Read Foundation Inc. has distributed a total of $328K across 75 grants. The median grant size is $2K, with an average of $4K. Individual grants have ranged from $100 to $22K.
Read Foundation Inc. typically selects its grantees rather than accepting unsolicited proposals.
Read Foundation Inc. is headquartered in MILWAUKEE, WI. While based in WI, the foundation distributes grants to organizations across 10 states.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Alice E Read | President/Director | $0 | $0 | N/A |
| Gina Mittnacht | Secretary | $0 | $0 | N/A |
| V Ross Read Iii | Treasurer/Director | $0 | $0 | N/A |
| Merrill Read | Vice President/Director | $0 | $0 | N/A |
| Alexander R Read | Director | $0 | $0 | N/A |
Total Giving
$167K
Total Assets
$619K
Fair Market Value
$1.5M
Net Worth
$619K
Grants Paid
$159K
Contributions
N/A
Net Investment Income
$115K
Distribution Amount
$69K
Total Grants
75
Total Giving
$328K
Average Grant
$4K
Median Grant
$2K
Unique Recipients
40
Most Common Grant
$1K
of 2022 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| St Paul'S ChurchGeneral Purpose | Milwaukee, WI | $250 | 2022 |
| The Florentine OperaGeneral Purpose | Milwaukee, WI | $22K | 2022 |
| Bat Conservation InternationalGeneral Purpose | Austin, TX | $20K | 2022 |
| National Trust For Historic PreservationGeneral Purpose | Washington, DC | $10K | 2022 |
| War Memorial CenterGeneral Purpose | Milwaukee, WI | $10K | 2022 |
| Girl Scouts Of Wisconsin SeGeneral Purpose | Milwaukee, WI | $8K | 2022 |
| Webb-Deane-Stevens MuseumGeneral Purpose | Wethersfield, CT | $6K | 2022 |
| Junior Achievement Of WisconsinGeneral Purpose | Milwaukee, WI | $5K | 2022 |
| Us Court Tennis Preservation SocietyGeneral Purpose | Jamestown, RI | $5K | 2022 |
| Colorado BalletGeneral Purpose | Denver, CO | $5K | 2022 |
| Central City OperaGeneral Purpose | Wheatridge, CO | $4K | 2022 |
| Opera ColoradoGeneral Purpose | Englewood, CO | $4K | 2022 |
| St Anne'S Episcopal SchoolGeneral Purpose | Denver, CO | $3K | 2022 |
| Denver Center For The Performing ArtsGeneral Purpose | Denver, CO | $2K | 2022 |
| Nashota HouseGeneral Purpose | Nashotah, WI | $1K | 2022 |
| Casa Advocates For ChildrenGeneral Purpose | Parket, CO | $1K | 2022 |
| University School Of MilwaukeeGeneral Purpose | Milwaukee, WI | $1K | 2022 |
| Milwaukee Art MuseumGeneral Purpose | Milwaukee, WI | $600 | 2022 |
| Rogers Memorial Hospital FoundationGeneral Purpose | Oconomowoc, WI | $500 | 2022 |
| James Wilson InstituteGeneral Purpose | Washington, DC | $250 | 2022 |
| The Nature ConservancyGeneral Purpose | Arlington, VA | $100 | 2022 |
| Museum Of Wisconsin ArtGeneral Purpose | West Bend, WI | $10K | 2021 |
| Natural Trust For Historic PreservationGeneral Purpose | Washington, DC | $10K | 2021 |
| Milwaukee Symphony OrchestraGeneral Purpose | Milwaukee, WI | $5K | 2021 |
| Stanford Varsity Endowment PoolGeneral Purpose | Stanford, CA | $5K | 2021 |
MILWAUKEE, WI
WAUKESHA, WI
MILWAUKEE, WI