Alletta Morris McBean Charitable Trust

Foundation · Grantmaker La Quinta, CA EIN: 94-3019660 Website

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.

Key facts about Alletta Morris McBean Charitable Trust

EIN: 94-3019660
Latest 990 filing: Form 990-PF, 2024
Annual giving (2024): $4,195,000
Grants made (2024): 41
Average grant: $102,317
Median grant: $50,000
New grantees (estimate): 22% first-time grantees (9 of 41, 2024)
Total assets: $20,496,407
Primary geography: Rhode Island (97% of itemized 2024 grant dollars)

Data from IRS Form 990-PF, 2024; updated September 2026. New grantees are estimated by matching recipient names across years (methodology).

Who Alletta Morris McBean Charitable Trust funds

By grant dollars, the top recipient states for Alletta Morris McBean Charitable Trust's 41 itemized 2024 grants were Rhode Island (97%). The most frequent recipient cities were Newport, RI (21 grants), Middletown, RI (5 grants), Providence, RI (5 grants) and Warwick, RI (4 grants). None of its 41 grants with a stated purpose were described as general or operating support.

Is Alletta Morris McBean Charitable Trust open to new grantees?

22%

first-time grantees, 2024

In 2024, 9 of 41 grantees (22%) were first-time recipients. First grants averaged $109K; repeat grants $101K. How we count

Medians: $80K first-time, $50K repeat.

59% of 2024 grantees were also funded in 2023. Method
Giving held roughly steady from 2021 to 2024 (−2%). Method
In 2024 it paid out 100% of its IRS minimum distribution (the 5% rule). Method

Estimate from itemized IRS Form 990-PF grant lists (2020–2024). Recipient names are matched across years, so a renamed or misspelled grantee can look new; grants to individuals are left out. Methodology.

Next steps with Alletta Morris McBean Charitable Trust

How to evaluate Alletta Morris McBean Charitable Trust as a funder
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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

+28.1% YoY

Avg Grant Size

$102K

-8.7% YoY

Under IRS private-foundation payout rules, Alletta Morris McBean Charitable Trust reported a distributable amount of $4.3M for 2024 — the minimum it must pay out in qualifying distributions.

Research compiled by Grantable AI from public sources. Last updated April 2026.

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

Rhode Island $4.1M (97%)

California $50K (1%)

New Hampshire $50K (1%)

Indiana $35K (1%)

Share of all 41 itemized 2024 grant dollars.

States

California Indiana New Hampshire Rhode Island Texas Wisconsin

Cities

NewportMiddletownProvidenceWarwickPortsmouthPalm DesertCranstonFort WayneRacineIrvingKingstonLos AngelesSan FranciscoTiverton

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.

Revenue

Expenses

Qualifying Distributions

Net Investment Income

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

Data update history

When this profile's IRS filing data changed on Grantable

March 3, 2026 IRS filings on file for fiscal years 2020–2024

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

Foundation

Alletta Morris McBean Charitable Trust Grant

Alletta Morris McBean Charitable Trust

Amount

Varies

Deadline

Rolling / Open

Giving History

Grant recipients and amounts by year

Among its reported 2024 grants, the largest recipients include Newport Hospital Foundation Inc ($500,000), Salve Regina University ($400,000), Girl Scouts of Southeastern New England ($250,000).

Recipient	Purpose	Amount
NEWPORT HOSPITAL FOUNDATION INC Newport, RI	ESTABLISH AN ADOLESCENT BEHAVIORAL HEALTH INPATIENT UNIT AT NEWPORT HOSPITAL	$500,000
SALVE REGINA UNIVERSITY Newport, RI	OCHRE COURT TERRACE RESTORATION PLAN, MICHAEL SEMENZA SCHOLARSHIP FUND	$400,000
GIRL SCOUTS OF SOUTHEASTERN NEW ENGLAND Warwick, RI	REVITALIZATION OF CAMP ROCKY FARM	$250,000
NEWPORT COUNTY COMMUNITY MENTAL HEALTH CENTER INC Middletown, RI	BUILDING HOPE, REBUILDING LIVES MISSION EXPANSION CAMPAIGN IN SUPPORT OF A NEW COMMUNITY ACCESS CENTER	$250,000
OLIVER HAZARD PERRY RHODE ISLAND Newport, RI	NEW AQUIDNECK ISLAND 9TH GRADE OCEAN ACCESS PROGRAM	$250,000
SRBA HISTORIC BUILDING AND ENVIRONMENTAL PRESERVATION FOUNDATION Newport, RI	FURTHER FUNDING TO CONTINUE WORK, ALREADY WELL UNDER WAY ADDRESSING STRUCTURAL ISSUES RELATED TO THE INTEGRITY OF THE BRICK-CLAD EXTERIOR WALLS AND AN OUTDATED DRAINAGE SYSTEM	$250,000
BOYS CLUB & GIRLS CLUBS OF NEWPORT COUNTY INC Newport, RI	CAPITAL CAMPAIGN - A CHALLENGE GRANT	$250,000
ST JOHN THE EVANGELIST Newport, RI	STAINED-GLASS WINDOW OVER THE HIGH ALTAR RESTORATION	$160,000
BELMONT CHAPEL FOUNDATION Newport, RI	BUILDING ENDOWMENT FUND	$150,000
SEAMEN'S CHURCH INSTITUTE OF NEWPORT Newport, RI	RESTORATION OF THE WINDOWS OF THE NATIONAL LANDMARK BUILDING IN ANTICIPATION OF THE 100TH ANNIVERSARY IN 2030	$140,000

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

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 history

Frequently Asked Questions

What does Alletta Morris McBean Charitable Trust fund?

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

How do I apply for a grant from Alletta Morris McBean Charitable Trust?

**Grant Sizes & Patterns:** • Typical grant awards range from $10,000 to $825,000 • Median grant amount: $50,000 • The trust made 30-34 grants in recent years **Recent Grants (2024):** • Newport Hospital Foundation: $500,000 (Adolescent Behavioral Health Inpatient Unit) • Salve Regina University: $400,000 (Ochre Court Terrace Restoration and Michael Semenza Scholarship Fund) • Newport County Community Mental Health Center: $250,000 (Building Hope, Rebuilding Lives Mission Expansion Campaign) • …

Where does Alletta Morris McBean Charitable Trust make grants?

The trust focuses exclusively on Newport and Aquidneck Island, Rhode Island, with primary emphasis on nonprofit organizations serving Newport County residents.

What size grants does Alletta Morris McBean Charitable Trust award?

In 2024, Alletta Morris McBean Charitable Trust awarded 41 grants totaling $4.2M — an average of about $102K per grant, based on its IRS Form 990 filings.

How much is Alletta Morris McBean Charitable Trust required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2024, Alletta Morris McBean Charitable Trust reported a distributable amount of $4.3M on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.

What is Alletta Morris McBean Charitable Trust's EIN?

Alletta Morris McBean Charitable Trust's EIN (Employer Identification Number) is 94-3019660. IRS Form 990 filing data is available on this page for 2020–2024.