BankNewport Charitable Foundation Inc
BankNewport Charitable Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in NEWPORT, RI. IRS filing data is available from 2022 through 2024. As of 2024, the organization holds $12.5M in total assets. In 2024, it awarded 1 grants totaling $584K. Net investment income was $348K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$12.5M
+1.4% YoY
Annual Giving
$584K
+1067.0% YoY
Grant Count
1
-85.7% YoY
Avg Grant Size
$584K
+8069.0% YoY
About BankNewport Charitable Foundation Inc
Based on IRS filings
BankNewport Charitable Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in NEWPORT, RI. IRS filing data is available from 2022 through 2024. As of 2024, the organization holds $12.5M in total assets. In 2024, it awarded 1 grants totaling $584K. Net investment income was $348K.
Focus Areas
Ready to take the next step with BankNewport Charitable Foundation Inc?
Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $12,454,686 | $12,278,893 | $12,000,132 |
| Revenue | $365,620 | $330,898 | $12,000,132 |
| Expenses | $602,595 | $52,137 | — |
| Qualifying Distributions | $593,762 | $51,637 | — |
| Net Investment Income | $348,046 | $330,898 | $132 |
| Distributable Amount | $604,985 | $590,398 | $49,222 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 1 recipients in 2024
Grant Size Distribution
8 grants across all recorded years
Giving History
Grant recipients and amounts by year
No grants recorded for .
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| JOHN F MURPHY | President/DIRECTOR | 1 | — |
| Gregory Derderian | Treasurer | 1 | — |
| Hollie Lussier | Secretary | 1 | — |
| Kathleen Charbonneau | Vice President | 1 | — |
| ROGER NOLAN | DIRECTOR | 1 | — |
| JAMES WRIGHT | DIRECTOR | 1 | — |
| TIMOTHY BURNS | DIRECTOR | 1 | — |
| PETER CAPODILUPO | DIRECTOR | 1 | — |
| MARYJO CARR | DIRECTOR | 1 | — |
| Thomas Iannotti | Director (as of 4/24/2024) | 1 | — |
| David G Bazarsky | Director | 1 | — |
| Colin P Kane | Director | 1 | — |
Subject Areas
Focus areas based on grantmaking activity
Related Funders
Similar funders by location and focus area
UNFI Foundation
PROVIDENCE, RI
Assets
—
Grants
64
Total Given
$1.6M
Woonsocket Rotary Charities
WOONSOCKET, RI
Assets
$218K
Grants
8
Total Given
$15K
Adrian M and Doris K Pearsall Family
NEWPORT, RI
Assets
$425K
Grants
20
Total Given
$50K
Harriet Blades Dodge Memorial Tr Fund
WESTERLY, RI
Assets
$112K
Grants
4
Total Given
$4K
John J and Nancy E Hudson
HOPE, RI
Assets
$61K
Grants
1
Total Given
$25K
Senville Foundation
PROVIDENCE, RI
Assets
$353K
Grants
16
Total Given
$36K
Data last updated April 2026. Sourced from IRS Form 990-PF filings.
What could you do with BankNewport Charitable Foundation Inc on Grantable?
- Assess strategic fit with your organization
- Draft a tailored letter of inquiry
- Find open RFPs from this funder
- Monitor for new funding opportunities