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EIN 13-6120380

Reader's Digest Foundation

IRS 501(c) type
501(c)(3)
Num. employees
0
City
New York
State
New York
Year formed
1968
Most recent tax filings
2023-12-01
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
$176,955
2023
Total expenses
$414,638
2023
Total assets
$2,126,108
2023
Num. employees
0
2023

Program areas at Reader's 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 Reader's Digest Foundation

GranteeGrant descriptionAmount
United Through ReadingFor Operation Storytime Campaign$334,000
Friendship Circle of ConnecticutMatching Gift$5,000
Planned Parenthood South AtlanticMatching Gift$5,000
...and 23 more grants made totalling $353,605

Personnel at Reader's Digest Foundation

NameTitleCompensation
Maria MorgantiTreasurer$0

Financials for Reader's Digest Foundation

RevenuesFYE 12/2023
Total grants, contributions, etc.$0
Investment income and dividends$54,960
Net rental income$0
Net gain from sale of non-inventory assets$121,995
Gross sales of inventory$0
Miscellaneous revenues$0
Total revenues$176,955

Form 990s for Reader's Digest Foundation

Fiscal year endingDate received by IRSFormPDF link
2023-122024-11-14990PFView PDF
2022-122023-11-15990PFView PDF
2021-122022-11-15990PFView PDF
2020-122021-12-22990PFView PDF
2019-122021-06-11990PFView PDF
...and 10 more Form 990s

Organizations like Reader's Digest Foundation

OrganizationLocationRevenue
Sound in Spirit BroadcastingOskaloosa, IA$89,014
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Pinebrook FoundationGwynedd Valley, PA$105,295
James B Chambers MemorialWheeling, WV$814,568
Gary R and Victoria F Smith CharitableOverland Park, KS$188,198
FDC FoundationCountryside, IL$758,764
The Golieb Family FoundationPalm Beach, FL$112,621
Calistri Family FoundationTucson, AZ$312,774
Klamath Medical Service Bureau Foundatio Attn Timothy A BaileyKlamath Falls, OR$159,815
Myra FoundationGrand Forks, ND$828,575
Data update history
January 5, 2024
Posted financials
Added Form 990PF for fiscal year 2022
November 25, 2023
Posted financials
Added Form 990PF for fiscal year 2021
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
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
California AB-488 details
AB 488 status
May Not Operate or Solicit for Charitable Purposes
Charity Registration status
Revoked
FTB status revoked
Not revoked
AG Registration Number
CT0144819
FTB Entity ID
3089709
AB 488 data last updated ("as-of") date
2025-01-15
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