Citizens Bank Tri-cities Foundation Ltd
Citizens Bank Tri-Cities Foundation Ltd is a private foundation based in Elizabethton, Tennessee. Established in 1990, the foundation supports nonprofit organizations primarily in Tennessee, with particular emphasis on the Elizabethton and Johnson City areas.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$2.1M
+2.2% YoY
Annual Giving
$198K
+19.9% YoY
Grant Count
14
-22.2% YoY
Avg Grant Size
$14K
+54.2% YoY
Mission & Focus Areas
The foundation's primary areas of interest include:
- Education
- Human services
- Health
- Children and youth
- Christian organizations and churches
- Philanthropy, voluntarism, and grantmaking
Grantmaking
The foundation does not accept applications.
Grant Range
$200 to $70,000
Average Grant
amount: $60,000 to $94,500
How to Apply
**
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Geographic Focus
Where this funder awards grants
The foundation primarily funds organizations in Tennessee, with emphasis on:
- Elizabethton
- Johnson City
- The broader Tri-Cities region
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
Assets & Giving:
- Total assets: $2,094,462 (as of 2024)
- Total annual giving: $197,697 (2024)
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $2,094,462 | $2,048,875 | $2,073,099 |
| Revenue | $263,148 | $161,191 | $126,409 |
| Expenses | $217,561 | $185,415 | $197,433 |
| Qualifying Distributions | $197,697 | $165,480 | $174,465 |
| Net Investment Income | $247,887 | $141,192 | $107,901 |
| Distributable Amount | $160,277 | $134,153 | $138,774 |
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
70 grants across all recorded years
Giving History
Grant recipients and amounts by year
No grants recorded for .
Leadership & Key People
Leadership team and compensation from IRS filings
Board members include:
- Sam LaPorte (Director, Part-time)
- Joseph LaPorte III (Director, Part-time)
- Stephen LaPorte (Director, Part-time)
- Christopher LaPorte (Director, Part-time)
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| SAM LAPORTE | DIRECTOR/PART-TIME | — | — |
| JOSEPH LAPORTE III | DIRECTOR/PART-TIME | — | — |
| STEPHEN LAPORTE | DIRECTOR/PART-TIME | — | — |
| CHRISTOPHER LAPORTE | DIRECTOR/PART-TIME | — | — |
Recent News & Activity
Recent developments and announcements
In May 2024, Citizens Bank Tri-Cities Foundation Ltd announced a substantial donation of $400,000 toward the construction of a new athletic training facility at Elizabethton High School. The cutting-edge fieldhouse, part of a $3.75 million project combining school system, city, and foundation funds, is designed to provide student-athletes with space to develop their skills and abilities while promoting physical wellness.
Citizens Bank Tri-Cities Foundation Ltd. Donates $400,000 in New TrainingRelated Funders
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Data last updated April 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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