The town’s younger residents will benefit from a $5,885 grant from MutualOne Charitable Foundation, an arm of Framingham-based MutualOne Bank. Officials from the foundation have announced they will award the money to the Bacon Free Library to support the “Natick Kids Ready to Read, Bacon Free Library Ready for Readers” project. The funds will be used to buy children’s books and other learning materials consistent with the American Library Association’s “Every Child Ready to Read’’ initiative, which promotes literacy for preschoolers. The foundation’s chairman, Robert P. Lamprey, said in a statement on the grant that one-third of all American children are not ready to learn to read when they start school, and that the foundation is pleased to boost the reading readiness rate among local youngsters. For more information on the public library at 58 Eliot St., visit www.baconfreelibrary.net.