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EIN 13-6120380

Readers Digest Foundation

IRS 501(c) type
501(c)(3)
Num. employees
Unknown
City
New York
State
New York
Year formed
1968
Most recent tax filings
2022-12-01
NTEE code, primary
T20: Private Foundations
Description
The Readers Digest Foundation is a private foundation that primarily funds the volunteer incentive program. It also grants money to charitable organizations that employees of Reader's Digest participate in as volunteers. The purpose of the foundation is to support volunteer activity by employees of Trusted Media Brands for underprivileged people. Grantees include United Through Reading and others. The Readers Digest Foundation made six grants last year and is located in White Plains, NY.
Total revenues
$223,372
2022
Total expenses
$584,139
2022
Total assets
$2,253,500
2022
Num. employees
n/a

Program areas at Readers Digest Foundation

Volunteer program - the Foundation supported volunteer activity by employees of trusted media brands, inc., for underprivileged children including a back-to-school clothing drive, christmas holiday parties and educational programs. Activities were limited in 2021 due to the covid 19 pandemic.

Grants made by Readers Digest Foundation

GranteeGrant descriptionAmount
United Through ReadingThe Grant Supports the 40 Million Stories Campaign Which Allows Members of the Armed Forces of the United States To Read Stories While Deployed Overseas Or at Sea and Record Them So They Can Be Read To Their Children at Home.$500,000

Personnel at Readers Digest Foundation

NameTitleCompensation
Maria MorgantiTreasurer$0

Financials for Readers Digest Foundation

RevenuesFYE 12/2022
Total grants, contributions, etc.$0
Investment income and dividends$55,994
Net rental income$0
Net gain from sale of non-inventory assets$167,378
Gross sales of inventory$0
Miscellaneous revenues$0
Total revenues$223,372

Form 990s for Readers Digest Foundation

Fiscal year endingDate received by IRSFormPDF link
2021-122022-11-15990PFView PDF
2020-122021-12-22990PFView PDF
2019-122021-06-11990PFView PDF
2018-122020-02-14990PFView PDF
2017-122019-02-21990PFView PDF
...and 8 more Form 990s
Data update history
July 13, 2023
Posted financials
Added Form 990PF for fiscal year 2020
October 19, 2021
Posted financials
Added Form 990PF for fiscal year 2019
September 25, 2021
Updated personnel
Identified 3 new personnel
May 24, 2020
Posted financials
Added Form 990PF for fiscal year 2018
November 27, 2019
Posted financials
Added Form 990PF for fiscal year 2017
Nonprofit Types
Grantmaking organizationsPrivate foundationsPrivate non-operating foundationsMedia and communications organizationsCharities
Issues
No issues found
Characteristics
Provides grantsPartially liquidatedCommunity engagement / volunteeringTax deductible donationsNo full-time employees
General information
Address
485 Lexington Ave
New York, NY 10017
Metro area
New York-Newark-Jersey City, NY-NJ-PA
County
New York County, NY
Phone
(914) 238-1000
IRS details
EIN
13-6120380
Fiscal year end
December
Taxreturn type
Form 990-PF
Year formed
1968
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
T20: Private Foundations
NAICS code, primary
813211: Grantmaking Foundations
Parent/child status
Independent
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