Charitable Trust Under Article VII of the
Charitable Trust Under Article VII of the is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in Jamestown, RI. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $5.8M in total assets. In 2024, it awarded 19 grants totaling $415K. Net investment income was $645K.
Key facts about Charitable Trust Under Article VII of the
In short: Charitable Trust Under Article VII of the gave $415K across 19 grants in 2024 (avg $22K), mostly in Rhode Island. 0% of 2024 grantees were new. Source: 2024 IRS Form 990-PF.
- EIN
- 47-6612483
- Latest 990 filing
- Form 990-PF, 2024
- Annual giving (2024)
- $415,000
- Grants made (2024)
- 19
- Average grant
- $21,842
- Median grant
- $10,000
- New grantees (estimate)
- 0% first-time grantees (0 of 19, 2024)
- Total assets
- $5,757,320
- Primary geography
- Rhode Island (88% of itemized 2024 grant dollars)
Data from IRS Form 990-PF, 2024; updated September 2026. New grantees are estimated by matching recipient names across years (methodology).
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$5.8M
+2.8% YoY
Annual Giving
$415K
-1.2% YoY
Grant Count
19
-5.0% YoY
Avg Grant Size
$22K
+4.0% YoY
Under IRS private-foundation payout rules, Charitable Trust Under Article VII of the reported a distributable amount of $445K for 2024 — the minimum it must pay out in qualifying distributions.
Is Charitable Trust Under Article VII of the open to new grantees?
0%
first-time grantees, 2024
In 2024, 0 of 19 grantees (0%) were first-time recipients. How we count
- 100% of 2024 grantees were also funded in 2023. Method
- Giving fell 32% from 2021 to 2024. Method
- In 2024 it paid out 108% of its IRS minimum distribution (the 5% rule). Method
Estimate from itemized grant lists in IRS Form 990-PF filings (2020–2024). Recipient names are matched across years, so a renamed or misspelled grantee can look new; grants to individuals are left out. Methodology.
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of all 19 itemized 2024 grant dollars.
Cities
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
95 grants across all recorded years
Giving History
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Preservation Society of Newport County Newport, RI | ROSECLIFF ROSE GARDEN | $125,000 |
| Elizabeth Park Conservancy West Hartford, CT | PROTECTING AND PROMOTING | $50,000 |
| Audubon Society of Rhode Island Smithfield, RI | PROTECTING AND PROMOTING | $25,000 |
| Narragansett Historical Society Narragansett, RI | UPKEEP AND MAINTENANCE OF | $25,000 |
| Edgewood Waterfront Preservation Assn Cranston, RI | PROTECTING AND PROMOTING | $25,000 |
| Jamestown Historical Society Jamestown, RI | UPKEEP AND MAINTENANCE OF | $25,000 |
| Pawtuxet Village Association Warwick, RI | PAWTUXET TRIANGLE PLANTING | $25,000 |
| Roger Williams Park Conservancy Providence, RI | PROTECTING AND PROMOTING | $25,000 |
| Rose Island Lighthouse Foundation Newport, RI | PROTECTING AND PROMOTING | $20,000 |
| South County Health Wakefield, RI | UNRESTRICTED GIFT | $10,000 |
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $5,757,320 | $5,599,061 | $5,605,061 |
| Revenue | $681,479 | $506,749 | $567,165 |
| Expenses | $524,758 | $510,077 | $635,374 |
| Qualifying Distributions | $482,405 | $472,104 | $593,068 |
| Net Investment Income | $644,906 | $474,684 | $533,523 |
| Distributable Amount | $445,241 | $392,465 | $399,654 |
Data update history
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2024
Leadership & Key People
Officers and directors from IRS filings
Charitable Trust Under Article VII of the's 2024 filing lists 2 officers; all 2 officers listed in 2024 are compensated.
Officers on the 2024 filing
John A Murphy
Co-Trustee
On filings since 2020
1 hr/week
$13K (2020) → $25K (2024)
Lelia D Palmieri
Co-Trustee
On filings since 2020
1 hr/week
$13K (2020) → $20K (2024)
Data from IRS Form 990 filings, 2020–2024. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Compensation Overview
From 2024 IRS filing
Frequently asked questions about Charitable Trust Under Article VII of the
How much does Charitable Trust Under Article VII of the give each year?
Charitable Trust Under Article VII of the gave $415K across 19 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $420K across 20 grants.
What is Charitable Trust Under Article VII of the's typical grant size?
Charitable Trust Under Article VII of the's median grant in 2024 was $10,000, and its average grant was $21,842, across 19 grants on its 2024 IRS Form 990-PF.
Where does Charitable Trust Under Article VII of the give grants?
Charitable Trust Under Article VII of the gives mostly in Rhode Island: 88% of the grant dollars itemized on its 2024 IRS Form 990-PF went to recipients there. The next largest state was Connecticut (12%). The most frequent recipient cities were Jamestown, RI (6 grants), Newport, RI (2 grants), Narragansett, RI (2 grants) and Cranston, RI (2 grants).
Does Charitable Trust Under Article VII of the give general operating support?
Occasionally: 5% of Charitable Trust Under Article VII of the's 2024 grants with a stated purpose (1 of 19) were for general or operating support, per its 2024 IRS Form 990-PF. Recurring purposes include "Protecting and Promoting" (9 grants).
Who are Charitable Trust Under Article VII of the's largest grantees?
Charitable Trust Under Article VII of the's largest 2024 grantees include Preservation Society of Newport County ($125,000), Elizabeth Park Conservancy ($50,000) and Audubon Society of Rhode Island ($25,000), according to its 2024 IRS Form 990-PF. Together they received 48% of its itemized 2024 grant dollars.
How large is Charitable Trust Under Article VII of the?
Charitable Trust Under Article VII of the reported $5.8M in total assets on its 2024 IRS Form 990-PF. It paid out $482K in qualifying distributions that year, against a required minimum of $445K (roughly 5% of its investment assets).
What is Charitable Trust Under Article VII of the?
Charitable Trust Under Article VII of the is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in Jamestown, RI. It holds $5.8M in total assets as of 2024.
What is Charitable Trust Under Article VII of the's EIN?
Charitable Trust Under Article VII of the's EIN (Employer Identification Number) is 47-6612483. IRS Form 990 filing data is available on this page for 2020–2024.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Here's the math on researching Charitable Trust Under Article VII of the by hand.
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