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Read Youth Charities is a private corporation based in MAGNOLIA, TX. The foundation received its IRS ruling in 1972. It holds total assets of $51.8M. Annual income is reported at $8.7M. Total assets have grown from $4.4M in 2011 to $50.1M in 2022. The foundation is governed by 10 officers and trustees. Summer camp for underprivileged boys and pediatric cancer patients. According to its most recent filing, the foundation only makes contributions to preselected charitable organizations. Tax records are available from 2015 to 2023. According to available records, Read Youth Charities has made 1 grants totaling $52K, with a median grant of $52K. Grant recipients are concentrated in Texas. Contributions to this foundation are tax-deductible.
Deerfoot Youth Camp - a sports camp for socioeconomically disadvantaged youth.
Expenses: $1.2M
Summer camp for underprivileged boys and pediatric cancer patients. Based on available records, the foundation has funded 1 grants. Its grantmaking reaches organizations primarily in TX.
Read Youth Charities has distributed a total of $52K across 1 grants. The median grant size is $52K, with an average of $52K. Individual grants have ranged from $52K to $52K.
Read Youth Charities typically selects its grantees rather than accepting unsolicited proposals.
Read Youth Charities is headquartered in MAGNOLIA, TX.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Michael A Thornton | President/Chair | $53K | $0 | $53K |
| Thomas Read | Vice President | $0 | $0 | N/A |
| Jn Whiddon | Trustee | $0 | $0 | N/A |
| Frank Thomas | Trustee | $0 | $0 | N/A |
| G Scott Cuming Iv | Trustee | $0 | $0 | N/A |
| Reid Cuming | Trustee | $0 | $0 | N/A |
| Roy Cano | Trustee | $0 | $0 | N/A |
| Paul Batista | Trustee | $0 | $0 | N/A |
| Brian J Bergeron | Treasurer | $0 | $0 | N/A |
| Thomas Gilbert | Secretary | $0 | $0 | N/A |
Total Giving
$1.4M
Total Assets
$50.1M
Fair Market Value
$51.2M
Net Worth
$50.1M
Grants Paid
N/A
Contributions
$6K
Net Investment Income
$850K
Distribution Amount
N/A
Total: $40.1M
Total Grants
1
Total Giving
$52K
Average Grant
$52K
Median Grant
$52K
Unique Recipients
1
Most Common Grant
$52K
of 2021 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Texas Am UniversitySUPPORT EDUCATIONAL MISSION OF THE INSTITUTION | College Station, TX | $52K | 2021 |