Americo D Lapati Charitable Trust
Americo D Lapati Charitable Trust is a private foundation, based in Dallas, TX. IRS filing data is available from 2021 through 2025. As of 2025, the organization holds $706K in total assets. In 2025, it awarded 3 grants totaling $29K. Net investment income was $58K.
Key facts about Americo D Lapati Charitable Trust
In short: Americo D Lapati Charitable Trust gave $29K across 3 grants in 2025 (avg $10K), mostly in Rhode Island. Source: 2025 IRS Form 990-PF.
- EIN
- 05-0498583
- Latest 990 filing
- Form 990-PF, 2025
- Annual giving (2025)
- $29,058
- Grants made (2025)
- 3
- Average grant
- $9,686
- Median grant
- $7,265
- Total assets
- $706,319
- Primary geography
- Rhode Island (100% of itemized 2025 grant dollars)
Data from IRS Form 990-PF, 2025; updated September 2026.
Financial Overview
From 2025 IRS Form 990-PF · View filing
Total Assets
$706K
+2.4% YoY
Annual Giving
$29K
-12.3% YoY
Grant Count
3
+0.0% YoY
Avg Grant Size
$10K
-12.3% YoY
Under IRS private-foundation payout rules, Americo D Lapati Charitable Trust reported a distributable amount of $41K for 2025 — the minimum it must pay out in qualifying distributions.
How Americo D Lapati Charitable Trust gives
- Giving fell 31% from 2022 to 2025. Method
- In 2025 it paid out 83% of its IRS minimum distribution (the 5% rule). Foundations have until the end of the next year to meet it. Method
From the foundation's IRS Form 990-PF filings. Methodology.
Ready to take the next step with Americo D Lapati Charitable Trust?
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2025 grant dollars across all 3 itemized grants.
States
Cities
Giving Over Time
Total grant dollars and number of grants per year
From 2021 to 2025, annual grant giving ranged from $28K (2023) to $42K (2022). In 2025 it made 3 grants totaling $29K.
Grant Insights
How this funder distributes its grants
Top Recipients
Top 3 recipients in 2025
The largest 2025 recipient was Mount St Rita Health Centre ($15K). Together the top 3 received $29K.
Grant Size Distribution
15 grants across all recorded years
The most common grant size was under $50K: 15 grants of 15 (100%).
Giving History
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Mount St Rita Health Centre Cumberland, RI | Unrestricted General | $14,528 |
| Saint Raphael Academy Pawtucket, RI | Unrestricted General | $7,265 |
| Saint Mary's School Cranston, RI | Unrestricted General | $7,265 |
Financial History
Multi-year comparison from IRS filings
| Metric | 2025 | 2024 | 2023 |
|---|---|---|---|
| Total Assets | $706,319 | $689,915 | $696,051 |
| Revenue | $68,152 | $24,979 | $-16,416 |
| Expenses | $43,660 | $46,260 | $44,165 |
| Qualifying Distributions | $34,389 | $38,058 | $33,008 |
| Net Investment Income | $58,461 | $14,689 | $7,162 |
| Distributable Amount | $41,496 | $38,428 | $36,283 |
Data update history
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2021–2025
Leadership & Key People
Officers and directors from IRS filings
Americo D Lapati Charitable Trust's only listed officer is Bank Of America, Trustee on every filing since 2022 (compensated).
Officers on the 2025 filing
Bank Of America
Trustee
On filings since 2022
1 hr/week
$12K (2022) → $12K (2025)
Former officers (1)
- Former: Bank Of America N A (2021) — Trustee
Data from IRS Form 990 filings, 2021–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Compensation Overview
From 2025 IRS filing
The highest reported compensation on the 2025 filing was $12K, to Bank of America (Trustee).
Frequently asked questions about Americo D Lapati Charitable Trust
How much does Americo D Lapati Charitable Trust give each year?
Americo D Lapati Charitable Trust gave $29K across 3 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $33K across 3 grants.
What is Americo D Lapati Charitable Trust's typical grant size?
Americo D Lapati Charitable Trust's median grant in 2025 was $7,265, and its average grant was $9,686, across 3 grants on its 2025 IRS Form 990-PF.
Where does Americo D Lapati Charitable Trust give grants?
Americo D Lapati Charitable Trust gives mostly in Rhode Island: 100% of the grant dollars itemized on its 2025 IRS Form 990-PF went to recipients there.
Does Americo D Lapati Charitable Trust give general operating support?
Yes: 100% of Americo D Lapati Charitable Trust's 2025 grants with a stated purpose (3 of 3) were for general or operating support, per its 2025 IRS Form 990-PF.
How large is Americo D Lapati Charitable Trust?
Americo D Lapati Charitable Trust reported $706K in total assets on its 2025 IRS Form 990-PF. It paid out $34K in qualifying distributions that year, against a required minimum of $41K (roughly 5% of its investment assets). Falling short in one year is not a violation: foundations have until the end of the next year to meet the minimum.
What is Americo D Lapati Charitable Trust's EIN?
Americo D Lapati Charitable Trust's EIN (Employer Identification Number) is 05-0498583. IRS Form 990 filing data is available on this page for 2021–2025.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Here's the math on researching Americo D Lapati Charitable Trust by hand.
Explore Open Grants
Browse active grant opportunities in Americo D Lapati Charitable Trust's focus areas in our free grants database
Similar Funders
Funders with grantees in common
Sentry Insurance Foundation Inc
Stevens Point, WI
The foundation supports education, workforce development, United Way, and local organizations that improve quality of life and build equitable communities, especially in Wisconsin and Hawaii, including Maui. Its 2024 grants had a median of $1,500, though awards ranged widely; it accepts requests by letter to Sentry Insurance stating the organization’s purpose and requested amount.
Assets
$9.9M
Grants
271
Total Given
$7.3M
Hillsdale Fund
Greensboro, NC
Hillsdale Fund supports tax-exempt organizations across education, conservation, arts and culture, housing, and food and shelter services, with the largest share of its 2024 grants going to North Carolina, Virginia, Tennessee, Ohio, and Washington. Its 2024 grants ranged from $1,500 to $100,000, with a median of $15,000. The profile does not state whether it accepts unsolicited requests.
Assets
$29.3M
Grants
69
Total Given
$1.5M
Lettie Pate Whitehead Foundation Inc
Atlanta, GA
The foundation funds need-based undergraduate scholarships for female Christian students through participating institutions in Alabama, Florida, Georgia, Louisiana, Mississippi, North Carolina, South Carolina, Tennessee, and Virginia, and supports care for senior women at facilities in Georgia, North Carolina, and Virginia. In 2024, grants ranged from $72,500 to $2,939,000, with a median of $254,000. It does not fund individuals, and institutions not already supported are rarely added; current grantees apply through the foundation’s grant process.
Assets
$990.9M
Grants
208
Total Given
$63.3M
Patricia E & John D Bassett III
Galax, VA
The foundation supports a range of charitable organizations, including healthcare, education, churches, and community services, with grants across several states, especially North Carolina, Florida, Virginia, New York, and Georgia. Its 2025 grants ranged from $300 to $6,000, with a median of $3,000. It funds only preselected organizations and does not accept unsolicited requests.
Assets
$949K
Grants
24
Total Given
$72K
First Citizens Foundation Inc
Smithfield, NC
The foundation supports charitable organizations, colleges, and universities, including operating activities and scholarships, with most recent grants going to North Carolina recipients and a small share to Pennsylvania. In 2025, grants ranged from $1,500 to $5,000, with a median of $2,000. It funds only preselected organizations and does not accept unsolicited requests.
Assets
$565K
Grants
11
Total Given
$32K
Thomas Garrott Foundation
Orlando, FL
The Thomas Garrott Foundation supports general operating needs of charitable organizations with varied missions, primarily in Tennessee and Florida. In 2025, grants ranged from $100 to $125,000, with a median of $2,250; it gives only to preselected organizations and does not accept unsolicited requests.
Assets
$15.7M
Grants
60
Total Given
$895K
The Betty Ann and Ben Huger Family
Lexington, VA
Assets
$120K
Grants
9
Total Given
$12K
Ta St Marys College
Saint Louis, MO
Assets
$206K
Grants
1
Total Given
$10K
J Kenneth Timmons Irrevocable Trust
Richmond, VA
The J Kenneth Timmons Irrevocable Trust supports organizations in health, education, religion, arts, environmental conservation, hunger relief, and community services, primarily in Virginia. Its 2025 grants ranged from $500 to $25,000, with a median of $1,500. It funds only preselected organizations and does not accept unsolicited requests.
Assets
$1.6M
Grants
43
Total Given
$140K
McLeod Foundation
Clayton, NC
The foundation supports a range of charitable organizations, including education, health, religious, and community-service recipients, primarily in North Carolina and also in Virginia. In 2025, it made 13 grants totaling $260,000, with awards ranging from $500 to $80,000 and a median of $10,000. It funds only preselected organizations and does not accept unsolicited requests.
Assets
$2.4M
Grants
13
Total Given
$260K
San Angelo Area Foundation
San Angelo, TX
The San Angelo Area Foundation supports a broad range of charitable needs, including health, education, arts, social services, and youth development, benefiting communities in 17 counties around San Angelo, Texas. Its 2024 grants had a median of about $24,000; it does not accept requests by email or traditional mail, but organizations may apply online.
Assets
$273.2M
Grants
158
Total Given
$10.0M
Woodson Family Foundation Inc
Asheville, NC
The foundation supports educational, civic, charitable, and natural-preservation purposes, with 2024 grants ranging from $250 to $62,276 and a median of $1,000. Most grant dollars went to Massachusetts, followed by North Carolina and Virginia. The filing does not state whether unsolicited requests are accepted; it lists no application materials or deadlines.
Assets
$1.6M
Grants
18
Total Given
$83K
More Funders in Texas
Americo D Lapati Charitable Trust down — hundreds of funders to go?