Alletta Morris Mcbean Charitable Trust
The Alletta Morris McBean Charitable Trust is a private foundation established in 1986 and based in La Quinta, California. The trust is a 501(c)(3) organization dedicated to enhancing the quality of life in and around Newport and Aquidneck Island, Rhode Island.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$20.5M
-6.9% YoY
Annual Giving
$4.2M
+17.0% YoY
Grant Count
41
+28.1% YoY
Avg Grant Size
$102K
-8.7% YoY
Mission & Focus Areas
The trust's primary mission is to enhance the quality of life in and around Newport and Aquidneck Island, Rhode Island. Key focus areas include:
- Historic preservation of significant buildings in Newport
- Conservation of open space on Aquidneck Island
- Community health and hospital improvements
- Education and scholarship support
- Nonprofit organizations serving Newport County residents
Grantmaking
Grant Range
s & Patterns:**
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Geographic Focus
Where this funder awards grants
The trust focuses exclusively on Newport and Aquidneck Island, Rhode Island, with primary emphasis on nonprofit organizations serving Newport County residents.
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
Assets & Revenue (2024):
- Total assets: $20,496,407
- Total revenues: $3,472,384
- Total expenses: $5,001,879
- Total liabilities: $0
Assets & Revenue (2023):
- Total assets: $22 million
- Total revenues: $3.11 million
- Total expenses: $4.24 million
Program Revenue: The trust receives income from royalties and class action settlements.
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $20,496,407 | $22,025,902 | $23,157,645 |
| Revenue | $3,472,384 | $3,113,080 | $310,842 |
| Expenses | $5,001,879 | $4,244,823 | $4,088,900 |
| Qualifying Distributions | $4,324,409 | $3,705,108 | $3,529,698 |
| Net Investment Income | $2,836,481 | $2,585,305 | $57,659 |
| Distributable Amount | $4,314,466 | $3,537,203 | $3,676,458 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
Grant Size Distribution
174 grants across all recorded years
Open Grants
1 open opportunity from Alletta Morris Mcbean Charitable Trust
Giving History
Grant recipients and amounts by year
No grants recorded for .
Leadership & Key People
Leadership team and compensation from IRS filings
- Donald Christ – Trustee/President
- Dorienne Farzan – Trustee
- Walter G D Reed – Trustee
- Gladys V Szapary – Trustee
- Charlene Kleiner – Administrator
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| DONALD CHRIST | TRUSTEE/PRES. | 3 | — |
| DORIENNE FARZAN | TRUSTEE | 1 | — |
| WALTER G D REED | TRUSTEE | 1 | — |
| GLADYS V SZAPARY | TRUSTEE | 1 | — |
| CHARLENE KLEINER | ADMINISTRATOR | 10 | $95,000 |
Recent Activity
Recent developments and announcements
The trust has been actively engaged in supporting major community initiatives in Newport, including significant investments in healthcare infrastructure, historic preservation, education, and community mental health services. Recent grants demonstrate a continued commitment to both capital projects and ongoing program support for organizations serving the Newport County area.
$1 million grant to Newport Historical Society makes historyRelated Funders
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Data last updated April 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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