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The Reading 1 Foundation is a private trust based in CHAGRIN FALLS, OH. The foundation received its IRS ruling in 2001. The principal officer is Victor G Kmetich. It holds total assets of $3.6M. Annual income is reported at $421K. Total assets have grown from $2.2M in 2010 to $2.8M in 2022. The foundation is governed by 1 officer or trustee. 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 2020 to 2023. Grantmaking is concentrated in Ohio. According to available records, The Reading 1 Foundation has made 22 grants totaling $135K, with a median grant of $25K. Individual grants have ranged from $5K to $50K, with an average award of $27K. The foundation has supported 5 unique organizations. The foundation primarily supports organizations in Ohio, Pennsylvania, California, which account for 95% of all grants. Grantmaking reaches organizations across 4 states. Contributions to this foundation are tax-deductible.
Smallest Grant
$5K
Median Grant
$25K
Average Grant
$27K
Largest Grant
$50K
Based on 5 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.
The Reading 1 Foundation primarily funds organizations in the area of philanthropy & grantmaking. Based on available records, the foundation has funded 22 grants. Its grantmaking reaches organizations primarily in OH, PA, CA.
The Reading 1 Foundation has distributed a total of $135K across 22 grants. The median grant size is $25K, with an average of $27K. Individual grants have ranged from $5K to $50K.
The Reading 1 Foundation typically selects its grantees rather than accepting unsolicited proposals.
The Reading 1 Foundation is headquartered in CHAGRIN FALLS, OH. While based in OH, the foundation distributes grants to organizations across 4 states.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Sally Reddig Schulze | TRUSTEE | $0 | $0 | N/A |
Total Giving
$85K
Total Assets
$2.8M
Fair Market Value
$2.8M
Net Worth
$2.8M
Grants Paid
$60K
Contributions
N/A
Net Investment Income
$278K
Distribution Amount
$134K
Total Grants
22
Total Giving
$135K
Average Grant
$27K
Median Grant
$25K
Unique Recipients
5
Most Common Grant
$20K
of 2022 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| HopewellGENERAL TAX-EXEMPT PURPOSES | Middlefield, OH | — | 2022 |
| Cleveland Zoological SocietyGENERAL TAX-EXEMPT PURPOSES | Cleveland, OH | $50K | 2022 |
| Nature Center At Shaker LakesGENERAL TAX-EXEMPT PURPOSES | Cleveland, OH | $35K | 2022 |
| Shady Side AcademyGENERAL TAX-EXEMPT PURPOSES | Pittsburgh, PA | $25K | 2022 |
| The Willows Community SchoolGENERAL TAX-EXEPMT PURPOSES | Culver City, CA | $20K | 2022 |
| Cleveland Institute Of MusicGENERAL TAX-EXEMPT PURPOSES | Cleveland, OH | $5K | 2022 |
| University Circle IncGENERAL TAX-EXEMPT PURPOSES | Cleveland, OH | — | 2022 |
| Lake View Cemetery FdnGENERAL TAX-EXEMPT PURPOSES | Cleveland, OH | — | 2022 |
| Friends Of Breakthrough SchoolsGENERAL TAX-EXEMPT PURPOSES | Cleveland, OH | — | 2022 |
| Laurel SchoolGENERAL TAX-EXEMPT PURPOSES | Shaker Heights, OH | — | 2022 |
| Lutheran Metropolitan MinistryGENERAL TAX-EXEMPT PURPOSES | Cleveland, OH | — | 2022 |
| North Union Farmers MarketGENERAL TAX-EXEMPT PURPOSES | Cleveland, OH | — | 2022 |
| Playhouse Square FoundationGENERAL TAX-EXEMPT PURPOSES | Cleveland, OH | — | 2022 |
| University SchoolGENERAL TAX-EXEMPT PURPOSES | Chagrin Falls, OH | — | 2022 |
| Southern Methodist UniversityGENERAL TAX-EXEMPT PURPOSES | Dallas, TX | — | 2022 |
| Case Western Reserve UniversityGENERAL TAX-EXEMPT PURPOSES | Cleveland, OH | — | 2022 |
| Cleveland Institute Of ArtGENERAL TAX-EXEMPT PURPOSES | Cleveland, OH | — | 2022 |
| Cleveland Museum Of ArtGENERAL TAX-EXEMPT PURPOSES | Cleveland, OH | — | 2022 |
| Heights Youth ClubGENERAL TAX-EXEMPT PURPOSES | Cleveland, OH | — | 2022 |
| Young Audiences Of Northeast OhioGENERAL TAX-EXEMPT PURPOSES | Cleveland, OH | — | 2022 |
| Rose Center For Aging WellGENERAL TAX EXEMPT PURPOSES | Cleveland, OH | — | 2022 |
| United Way Of ClevelandGENERAL TAX-EXEMPT PURPOSES | Cleveland, OH | — | 2022 |
CLEVELAND, OH
CINCINNATI, OH
DUBLIN, OH