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
Under IRS private-foundation payout rules, Citizens Bank Tri-cities Foundation Ltd reported a distributable amount of $160K for 2024 — the minimum it must pay out in qualifying distributions.
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
Among its reported 2024 grants, the largest include The University of Tennessee Foundation ($70,000), Hampton High School ($50,000), Boys and Girls Club of Elizabethtoncarter County ($20,000).
| Recipient | Purpose | Amount |
|---|---|---|
| BOYS AND GIRLS CLUB OF ELIZABETHTONCARTER COUNTY ELIZABETHTON, TN | GENERAL FUND/OPERATIONS | $20,000 |
| ELIZABETHTON HIGH SCHOOL ELIZABETHTON, TN | BETSY BAND GENERAL FUND/OPERATIONS | $5,000 |
| HAMPTON HIGH SCHOOL HAMPTON, TN | BULL DOG BAND GENERAL FUND/OPERATIONS | $5,000 |
| HAMPTON HIGH SCHOOL HAMPTON, TN | SKILLS USA AND TSC CHAPTER GENERAL FUND/OPERATIONS | $50,000 |
| JUNIOR ACHIEVEMENT OF TRI-CITIES TNVA CLINTONQ, TN | GENERAL FUND/OPERATIONS | $8,968 |
| K-PLAY SPORTS COUNCIL INC KINGSPORT, TN | GENERAL FUND/OPERATIONS | $20,000 |
| MAKE A WISH FOUNDACTION OF EAST TENNESSEE INC KNOXVILLE, TN | GENERAL FUND/OPERATIONS | $10,000 |
| SCOUTING AMERICA SEQUOYAH COUNCIL JOHNSON CITY, TN | GENERAL FUND/OPERATIONS | $500 |
| THE UNIVERSITY OF TENNESSEE FOUNDATION KNOXVILLE, TN | GENERAL FUND/OPERATIONS | $70,000 |
| THE WELL JOHNSON CITY, TN | GENERAL FUND/OPERATIONS | $4,000 |
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 TrainingFrequently Asked Questions
What does Citizens Bank Tri-cities Foundation Ltd fund?
The foundation's primary areas of interest include: • Education • Human services • Health • Children and youth • Christian organizations and churches • Philanthropy, voluntarism, and grantmaking
How do I apply for a grant from Citizens Bank Tri-cities Foundation Ltd?
**Grant Characteristics:** • Grant range: $200 to $70,000 • Median grant amount: $3,000 to $8,000 (varies by year) • Average grant amount: $60,000 to $94,500 • Types of support include project support and general operating funds **Recent Activity:** • 2024: 18 grants totaling $165,000 • 2023: 11 grants totaling $174,000 • 2022: 14 grants totaling $307,000 • 2021: 13 grants totaling $375,000 **Application Process:** The foundation does not accept applications. **Recent Grant Recipients Include:**
Where does Citizens Bank Tri-cities Foundation Ltd make grants?
The foundation primarily funds organizations in Tennessee, with emphasis on: • Elizabethton • Johnson City • The broader Tri-Cities region
What size grants does Citizens Bank Tri-cities Foundation Ltd award?
In 2024, Citizens Bank Tri-cities Foundation Ltd awarded 14 grants totaling $198K — an average of about $14K per grant, based on its IRS Form 990 filings.
How much is Citizens Bank Tri-cities Foundation Ltd required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Citizens Bank Tri-cities Foundation Ltd reported a distributable amount of $160K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Citizens Bank Tri-cities Foundation Ltd's EIN?
Citizens Bank Tri-cities Foundation Ltd's EIN (Employer Identification Number) is 58-1914223. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in Citizens Bank Tri-cities Foundation Ltd's focus areas in our free grants database
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Data last updated June 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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