Readers Digest Foundation

Organization Overview

Readers Digest Foundation is located in White Plains, NY. The organization was established in 1968. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Readers Digest Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.

For the year ending 12/2021, Readers Digest Foundation generated $462.6k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 9.4% each year. All expenses for the organization totaled $843.5k during the year ending 12/2021. While expenses have increased by 9.2% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.

Since 2014, Readers Digest Foundation has awarded 45 individual grants totaling $3,503,312. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.

Mission & Program ActivityExcerpts From the 990PF Filing

TAX YEAR

2021

Describe the Organization's Program Activity:

Part 3 - Line 4a

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.


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Financial Statements

Statement of Revenue
Contributions, Gifts, Grants & Similar $0
Interest on Savings $36,385
Dividends & Interest $29,282
Net Rental Income$0
Net Gain on Sale of Assets $396,970
Capital Gain Net Income $396,970
Net ST Capital Gain $0
Income Modifications $0
Profit on Inventory Sales $0
Other Income $0
Total Revenue $462,637

Grants Awarded

Over the last fiscal year, Readers Digest Foundation has awarded $776,525 in support to 6 organizations.

Grant RecipientAmount

UNITED THROUGH READING

Org PageRecipient Profile

San Diego, CA

PURPOSE: THE 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.

$750,000

MATCHING GIFTS PROGRAM

PURPOSE: MATCHING GIFTS PROGRAM - GIFTS TO PUBLICLY SUPPORTED CHARITIES MATCHING THE CONTRIBUTIONS OF EMPLOYEES OF TRUSTED MEDIA BRANDS, INC.

$21,003

VOLUNTEER INCENTIVE PROGRAM

PURPOSE: VOLUNTEER INCENTIVE PROGRAM - GRANTS TO CHARITABLE ORGANIZATIONS IN WHICH EMPLOYEES OF TRUSTED MEDIA BRANDS, INC., PARTICIPATE AS VOLUNTEERS.

$3,000

Yonkers, NY

PURPOSE: CHRISTMAS GIFTS

$1,500

DRIFTWOOD

PURPOSE: DIVERSITY

$1,000

DIRECT CHARITABLE ACTIVITIES - PART

PURPOSE: DIRECT CHARITABLE ACTIVITIES DESCRIBED IN PART IX-A OF FORM 990-PF. ACTIVITIES WERE LIMITED DUE TO THE COVID 19 PANDEMIC.

$22
View Grant Profile

Peer Organizations

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