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.
Americo D Lapati Charitable Trust at a glance
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.
- Annual giving (2025)
- $29,058
- -12.3% vs 2024
- Grants made (2025)
- 3
- +0.0% vs 2024
- Average grant
- $9,686
- -12.3% vs 2024
- Median grant
- $7,265
- Total assets
- $706,319
- +2.4% vs 2024
- Primary geography
- Rhode Island (100% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990-PF, 2025 View filing
Data from IRS Form 990-PF, 2025; updated September 2026.
Who Americo D Lapati Charitable Trust funds
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%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2025 grant dollars across all 3 itemized grants.
States
Cities
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.
Giving History
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.
Grants by year
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 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Net Investment Income | Distributable Amount |
|---|---|---|---|---|---|---|---|---|
| 2025 | $706,319 | $68,152 | $43,660 | $29,058 | 3 | $34,389 | $58,461 | $41,496 |
| 2024 | $689,915 | $24,979 | $46,260 | $33,142 | 3 | $38,058 | $14,689 | $38,428 |
| 2023 | $696,051 | $-16,416 | $44,165 | $28,347 | 3 | $33,008 | $7,162 | $36,283 |
| 2022 | $747,392 | $154,626 | $57,513 | $42,251 | 3 | $47,706 | $144,684 | $40,603 |
| 2021 | $744,754 | $57,813 | $44,695 | $30,090 | 3 | — | $49,412 | $40,664 |
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.
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.
Data update history
(1)
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2021–2025
Live grants for the work Americo D Lapati Charitable Trust funds
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