Co Tua Rainbow Fund
Co Tua Rainbow Fund is a private foundation focused on Education, based in Providence, RI. IRS filing data is available from 2020 through 2023. In 2023, it awarded 1 grant totaling $1.6M. Net investment income was $864K.
Co Tua Rainbow Fund at a glance
In short: Co Tua Rainbow Fund gave $1.6M across 1 grant in 2023 (avg $1.6M), mostly in North Carolina. Source: 2023 IRS Form 990-PF.
- Annual giving (2023)
- $1,634,207
- +9238.3% vs 2022
- Grants made (2023)
- 1
- -50.0% vs 2022
- Average grant
- $1,634,207
- +18576.7% vs 2022
- Median grant
- $1,634,207
- Primary geography
- North Carolina (100% of itemized 2023 grant dollars)
- Latest 990 filing
- Form 990-PF, 2023 View filing
Data from IRS Form 990-PF, 2023; updated September 2026.
Who Co Tua Rainbow Fund funds
How this funder distributes its grants
Top Recipients
Top recipient in 2023
The largest 2023 recipient was Giveclear ($1.6M).
Grant Size Distribution
10 grants across all recorded years
The most common grant size was under $50K: 9 grants of 10 (90%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of the 2023 grant dollars on its one itemized grant.
Cities
How Co Tua Rainbow Fund gives
- Giving grew 3745% from 2020 to 2023. Method
- In 2022 it paid out 25% of its IRS minimum distribution (the 5% rule). Foundations have until the end of the next year to meet it. Method
From the foundation's IRS Form 990-PF filings. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2023, annual grant giving ranged from $18K (2022) to $1.6M (2023). In 2023 it made 1 grant totaling $1.6M.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Giveclear Charlotte, NC | Donor Advised Fund | $1,634,207 |
Ready to take the next step with Co Tua Rainbow Fund?
Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Net Investment Income | Distributable Amount |
|---|---|---|---|---|---|---|---|---|
| 2023 | — | $865,167 | $1,647,387 | $1,634,207 | 1 | $1,634,680 | $864,458 | — |
| 2022 | $781,938 | $7,300 | $26,774 | $17,500 | 2 | $20,985 | $26,350 | $85,119 |
| 2021 | $801,319 | $32,977 | $54,655 | $45,500 | 4 | $49,162 | $27,484 | $92,573 |
| 2020 | $821,846 | $30,649 | $50,426 | $42,500 | 3 | — | $26,194 | $72,888 |
Leadership & Key People
Officers and directors from IRS filings
Co Tua Rainbow Fund's 2023 filing lists 5 officers; 1 of 5 officers listed in 2023 is compensated.
Officers on the 2023 filing
Bank Of America
Trustee
On filings since 2020
1 hr/week
$7K (2020) → $1K (2023)
Mary C. Luce Giles
Co-Trustee
On filings since 2020
1 hr/week
No compensation reported
Mathew D. Luce
C0-Trustee
On filings since 2020
1 hr/week
No compensation reported
Sara E. Luce Sides
Co-Trustee
On filings since 2020
1 hr/week
No compensation reported
Stephen Luce
Co-Trustee
On filings since 2020
1 hr/week
No compensation reported
Data from IRS Form 990 filings, 2020–2023. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Compensation Overview
From 2023 IRS filing
The highest reported compensation on the 2023 filing was $1K, to Bank of America (Trustee).
Frequently asked questions about Co Tua Rainbow Fund
How much does Co Tua Rainbow Fund give each year?
Co Tua Rainbow Fund gave $1.6M across 1 grant in 2023, according to its 2023 IRS Form 990-PF. In 2022 it gave $18K across 2 grants.
What is Co Tua Rainbow Fund?
Co Tua Rainbow Fund is a private foundation focused on Education, based in Providence, RI.
Where does Co Tua Rainbow Fund operate?
Co Tua Rainbow Fund has awarded grants in Georgia, Indiana, Kentucky, North Carolina.
What is Co Tua Rainbow Fund's EIN?
Co Tua Rainbow Fund's EIN (Employer Identification Number) is 58-6043659. IRS Form 990 filing data is available on this page for 2020–2023.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(1)
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2023
Explore Open Grants
Browse active grant opportunities in Co Tua Rainbow Fund's focus areas in our free grants database
Similar Funders
Funders with grantees in common, and similar funders in Rhode Island
The McLeigh Foundation
Hollywood, SC
The McLeigh Foundation’s recent grants supported churches, ministries, and charitable organizations, including work related to children and families, Christian programs, community development, and cancer support; most funding went to South Carolina, with smaller amounts to Kentucky and Georgia. In 2026 it made 12 grants totaling $25,008, ranging from $200 to $13,700, with a median grant of $1,100. It funds only preselected organizations and does not accept unsolicited requests.
Assets
$115K
Grants
12
Total Given
$25K
The Rhode Island Community Foundation
Providence, RI
The Rhode Island Community Foundation funds nonprofits and community efforts in areas including education, arts and culture, housing, health, climate action, and economic mobility. Its 2024 grants had a median of about $23,940, with giving concentrated in Rhode Island; the profile does not state whether it accepts unsolicited requests.
Assets
$1.3B
Grants
977
Total Given
$72.0M
CVS Foundation
Woonsocket, RI
CVS Foundation funds health care access and outcomes, preventive and community health, health-related needs such as food and housing, education and workforce development, and disaster response across the United States. In 2024, it made 778 grants totaling about $21.4 million; awards ranged from $250 to $2.46 million, with a median of $1,500. It does not accept unsolicited requests; support is by invitation or RFP only, and no RFPs are currently open.
Assets
$194.3M
Grants
778
Total Given
$21.4M
United Way of Rhode Island Inc
Providence, RI
United Way of Rhode Island funds Rhode Island nonprofits working on economic security, children’s learning, housing, food access, safety, and related community needs. In 2025, grants ranged from $5,008 to $547,033, with a median of $15,000; its emergency grants offer up to $50,000, with average awards of $25,000–$30,000. It accepts applications for emergency grants on a rolling basis.
Assets
$30.1M
Grants
282
Total Given
$8.0M
Ralph R Papitto & Barbara a Papitto
Providence, RI
Papitto Opportunity Connection funds Rhode Island 501(c)(3) organizations working in education, job skills training, housing, healthcare, and entrepreneurship, with a focus on communities most in need. It gives about $6 million annually; small grants are generally $5,000–$20,000, though awards vary widely. It accepts unsolicited applications during set periods, but its application page says proposals are not currently being accepted.
Assets
$6.8M
Grants
270
Total Given
$24.3M
Brown University
Providence, RI
Brown University’s reported grants support education, student aid, and research, with listed awards primarily identified as subcontracts. In 2025, grants ranged from $5,325 to $3.36 million, with a median of about $98,700; recipients were concentrated in Rhode Island, Massachusetts, California, New York, and Washington, DC. The profile does not state that Brown accepts unsolicited requests; its website describes proposal support for Brown researchers.
Assets
$11.3B
Grants
235
Total Given
$47.0M
More similar funders
More Funders in Rhode Island
The filing figures on this page are open data under CC BY 4.0. About GrantGraph Open
Figures come from Co Tua Rainbow Fund's IRS filings (methodology). AI-written summaries, news items and logos are not covered by the open licence. Spot an error? Email hello@grantable.co.
Co Tua Rainbow Fund down — hundreds of funders to go?