Funder DirectoryBankNewport Charitable Foundation Inc
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Private foundation (trust)EIN 882461260Est. 2022-09

BankNewport Charitable Foundation Inc

Newport, RI 02842

Accepts unsolicited proposals

Total Assets

$12.5M

FY 2024

Annual Giving

$584K

FY 2024

Grants Made

1

FY 2024

Avg Grant

$584K

FY 2024

Grant Range

$584K–$584K

Typical

Deadlines

See Application Deadlines

Applications

Focus Areas

Corporate Foundations

Financial Snapshot

2024 filing

Total Revenue

$366K

Total Expenses

$603K

Qualifying Distributions

$594K

Distributable Amount

$605K

Min. Investment Return

$610K

Undistributed Income

$599K

Payout rate 98%Arc chart showing what share of IRS distributable amount was paid out as qualifying distributions in the latest filing.98%

Payout rate

Qualifying distributions as a share of distributable amount.

Giving Over Time

2 years

Giving over time from 2023 to 2024. Peak $584K in 2024. Hover bars for details.

Total dollars recorded per filing year. Scale adjusts to the foundation's range.

Top Recipients

8 grants

Grants & Contributions Paid
$584K
1 grant
RHODE ISLAND COMMUNITY FOOD BANK
$25K
1 grant
BOYS TOWN NEW ENGLAND
$5K
1 grant
CROSSROADS RHODE ISLAND
$4K
1 grant
FAMILY SERVICE OF RHODE ISLAND
$4K
1 grant
SOJOURNER HOUSE
$4K
1 grant
DAVINCI CENTER FOR COMMUNITY PROGRESS
$4K
1 grant
CHILD & FAMILY SERVICES
$4K
1 grant

Grant Size Distribution

8 grants

<$10K
6
grants
$10–50K
1
grants
$50–250K
$250K–1M
1
grants
$1–5M
$5M+

Geographic Focus

1 states

Rhode Island
$634K
100% of total

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BankNewport Charitable Foundation Inc — Grants, Financials & Contact | Grantivo