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
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.
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
Among its reported 2024 grants, the largest include Newport Hospital Foundation Inc ($500,000), Salve Regina University ($400,000), Girl Scouts of Southeastern New England ($250,000).
| Recipient | Purpose | Amount |
|---|---|---|
| AMENITY AID WARWICK, RI | ADDRESSING HYGIENE POVERTY IN NEWPORT COUNTY | $20,000 |
| AMERICAN RED CROSS PALM DESERT, CA | HURRICANE HELENE DISASTER RELIEF | $50,000 |
| ARTILLERY COMPANY OF NEWPORT NEWPORT, RI | HVAC PREPARATION AND INSTALLATION TO STABILIZE THE CURRENT ENVIRONMENT OF THE ARMORY | $120,000 |
| BELMONT CHAPEL FOUNDATION NEWPORT, RI | BUILDING ENDOWMENT FUND | $150,000 |
| BRADLEY HOSPITAL FOUNDATION PROVIDENCE, RI | TO RENEW AND IMPROVE THE PLAYGROUND AT THE BRADLEY SCHOOL IN PORTSMOUTH | $40,000 |
| COMMUNITY COLLEGE OF RHODE ISLAND FOUNDATION WARWICK, RI | SUPPORTING NEWPORT REHABILITATIVE SCIENCES THROUGH FINANCIAL AID | $50,000 |
| CONEXION LATINA NEWPORT NEWPORT, RI | COMMUNITY HEALTH AND WELLNESS WORK | $50,000 |
| EMMANUEL CHURCH NEWPORT, RI | COMPLETION OF THE HVAC PROJECT | $115,000 |
| GIRL SCOUTS OF SOUTHEASTERN NEW ENGLAND WARWICK, RI | REVITALIZATION OF CAMP ROCKY FARM | $250,000 |
| THE MARTIN LUTHER KING COMMUNITY CENTER INC NEWPORT, RI | TO SUPPORT MLKCC HUNGER RELIEF, AND WELLNESS PROGRAMS | $80,000 |
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
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 historyFrequently 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.
Explore Open Grants
Browse active grant opportunities in Alletta Morris Mcbean Charitable Trust's focus areas in our free grants database
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Data last updated June 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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