Cielo Azul Foundation

NEWPORT, RI EIN: 74-2982455

Cielo Azul Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in NEWPORT, RI. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $1.4M in total assets. In 2024, it awarded 6 grants totaling $111K. Net investment income was $38K.

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$1.4M

-5.1% YoY

Annual Giving

$111K

-2.0% YoY

Grant Count

+100.0% YoY

Avg Grant Size

$18K

-51.0% YoY

Under IRS private-foundation payout rules, Cielo Azul Foundation reported a distributable amount of $107K for 2024 — the minimum it must pay out in qualifying distributions.

About Cielo Azul Foundation

Based on IRS filings

Focus Areas

Philanthropy, Voluntarism & Grantmaking

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

Rhode Island $578K (91%)

Texas $50K (8%)

District of Columbia $6K (1%)

Massachusetts $1K (0%)

Connecticut $437 (0%)

States

Connecticut District of Columbia Massachusetts Rhode Island Texas

Cities

AustinExeterKingstonMiddletownNatickNewportVernonWashington

Financial History

Multi-year comparison from IRS filings

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2024	2023	2022
Total Assets	$1,396,546	$1,471,706	$1,478,213
Revenue	$46,725	$118,134	$152,025
Expenses	$121,875	$124,641	$130,993
Qualifying Distributions	$112,659	$114,875	$122,418
Net Investment Income	$37,509	$108,368	$143,450
Distributable Amount	$107,151	$100,024	$105,728

Giving Over Time

Total grant dollars and number of grants per year

Grant Insights

How this funder distributes its grants

Top Recipients

Top 6 recipients in 2024

Grant Size Distribution

28 grants across all recorded years

Giving History

Grant recipients and amounts by year

Among its reported 2024 grants, the largest include Dr Martin Luther King Community Center ($100,000), World Central Kitchen ($5,222), Newport Classical ($4,000).

Recipient	Purpose	Amount
NEWPORT SINGS NEWPORT, RI	GENERAL ENDOWMENT	$288
MCM FUNDRAISING LLC VERNON, CT	GENERAL ENDOWMENT	$312
META-PPGF WASHINGTON, DC	GENERAL ENDOWMENT	$1,000
WORLD CENTRAL KITCHEN WASHINGTON, DC	GENERAL ENDOWMENT	$5,222
DR MARTIN LUTHER KING COMMUNITY CENTER NEWPORT, RI	GENERAL ENDOWMENT	$100,000
NEWPORT CLASSICAL NEWPORT, RI	GENERAL ENDOWMENT	$4,000

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

From 2024 IRS filing

From 2024 filing

Name	Title	Hours	Compensation
BETSY BLAIR	PRESIDENT/DIRECTOR	—	—
JAMES VAN WINKLE	VP/SEC'Y/TREAS/DIR	—	—
KATHRYN VAN WINKLE	DIRECTOR	—	—

Subject Areas

Focus areas based on grantmaking activity

Philanthropy, Voluntarism & Grantmaking

Frequently Asked Questions

What is Cielo Azul Foundation?

Cielo Azul Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in NEWPORT, RI. It holds $1.4M in total assets as of 2024.

How large is Cielo Azul Foundation?

As of 2024, Cielo Azul Foundation holds $1.4M in total assets with $47K in annual revenue. It awarded 6 grants totaling $111K in 2024.

Where does Cielo Azul Foundation operate?

Cielo Azul Foundation has awarded grants in Connecticut, District of Columbia, Massachusetts, Rhode Island, Texas.

What size grants does Cielo Azul Foundation award?

In 2024, Cielo Azul Foundation awarded 6 grants totaling $111K — an average of about $18K per grant, based on its IRS Form 990 filings.

How much is Cielo Azul Foundation required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2024, Cielo Azul Foundation reported a distributable amount of $107K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.