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Reade Industrial Fund is a private trust based in CHICAGO, IL. The foundation received its IRS ruling in 1947. The principal officer is Harris N A. It holds total assets of $3.1M. Annual income is reported at $1.1M. The foundation is governed by 1 officer or trustee. Tax records are available from 2018 to 2023. Grantmaking is concentrated in Illinois. According to available records, Reade Industrial Fund has made 15 grants totaling $827K, with a median grant of $61K. The foundation has distributed between $180K and $452K annually from 2020 to 2023. Grantmaking activity was highest in 2022 with $452K distributed across 8 grants. Individual grants have ranged from $19K to $87K, with an average award of $55K. The foundation has supported 7 unique organizations. Grant recipients are concentrated in Illinois. Contributions to this foundation are tax-deductible.
Smallest Grant
$19K
Median Grant
$50K
Average Grant
$45K
Largest Grant
$62K
Based on 4 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.
Reade Industrial Fund is a private foundation that provides grants to eligible organizations. Based on available records, the foundation has funded 15 grants. Its grantmaking reaches organizations primarily in IL.
Reade Industrial Fund has distributed a total of $827K across 15 grants. The median grant size is $61K, with an average of $55K. Individual grants have ranged from $19K to $87K.
The application deadline is MAY 1ST ANNUALLY. Restricted to illinois social service agencies assisting individuals who meet guidelines stated on application.
Reade Industrial Fund is headquartered in CHICAGO, IL.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Bmo Bank N A | TRUSTEE | $39K | $0 | $39K |
Total Giving
$236K
Total Assets
$3.1M
Fair Market Value
$4.5M
Net Worth
$3.1M
Grants Paid
$195K
Contributions
N/A
Net Investment Income
$190K
Distribution Amount
$208K
Total Grants
15
Total Giving
$827K
Average Grant
$55K
Median Grant
$61K
Unique Recipients
7
Most Common Grant
$25K
of 2023 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| South Suburban Council On HomelessnessGENERAL OPERATING PURPOSES | Mokena, IL | $87K | 2023 |
| Metropolitan Family ServicesGENERAL OPERATING PURPOSES | Chicago, IL | $81K | 2023 |
| All ChicagoGENERAL OPERATING PURPOSES | Chicago, IL | $27K | 2023 |
| The Catholic Charities Of The ArchdiocGENERAL OPERATING PURPOSES | Chicago, IL | $50K | 2022 |
| South Suburban Council OnGENERAL OPERATING PURPOSES | Mokena, IL | $61K | 2020 |
| Catholic Charities Of TheGENERAL OPERATING PURPOSES | Chicago, IL | $39K | 2020 |
| All Chicago Making Homelessness HistoryGENERAL OPERATING PURPOSES | Chicago, IL | $19K | 2020 |