Americo D Lapati Charitable Trust

Private foundation · Grantmaker Dallas, TX EIN: 05-0498583

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.

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

1state

Share of 2025 grant dollars across all 3 itemized grants.

States

Cities

CranstonCumberlandPawtucket

Giving Over Time

Total grant dollars and number of grants per year

$0$20K$40K$60K3 grants2021 3 grants2022 3 grants2023 3 grants2024 3 grants2025

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

Mount St Rita Health Centre: $15KMount St Rita Health Centre$15KSaint Raphael Academy: $7KSaint Raphael Academy$7KSaint Mary's School: $7KSaint Mary's School$7K

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

15<$50K$50–100K$100–250K$250–500K$500K–1M$1–5M$5M+

The most common grant size was under $50K: 15 grants of 15 (100%).

Giving History

Grant recipients and amounts by year

RecipientPurposeAmount
Mount St Rita Health Centre Cumberland, RIUnrestricted General$14,528
Saint Raphael Academy Pawtucket, RIUnrestricted General$7,265
Saint Mary's School Cranston, RIUnrestricted General$7,265

Financial History

Multi-year comparison from IRS filings

Revenue
Expenses
Qualifying Distributions
Net Investment Income
$0$50K$100K$150K$200K2021 2022 2023 2024 2025
Metric202520242023
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

  1. 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

Bank of America — Trustee: $12KBank of AmericaTrustee$12K

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.

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