James F Mccormick Jr Tuw

WESTERLY, RI EIN: 05-6102102

James F Mccormick Jr Tuw is a private foundation, based in WESTERLY, RI. IRS filing data is available from 2021 through 2024. As of 2024, the organization holds $488K in total assets. In 2024, it awarded 2 grants totaling $13K. Net investment income was $43K.

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$488K

+5.5% YoY

Annual Giving

$13K

+38.6% YoY

Grant Count

+0.0% YoY

Avg Grant Size

$7K

+38.6% YoY

Under IRS private-foundation payout rules, James F Mccormick Jr Tuw reported a distributable amount of $36K for 2024 — the minimum it must pay out in qualifying distributions.

About James F Mccormick Jr Tuw

Based on IRS filings

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

Connecticut $15K (50%)

Rhode Island $15K (50%)

States

Connecticut Rhode Island

Cities

PawcatuckWesterly

Financial History

Multi-year comparison from IRS filings

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2024	2023	2022
Total Assets	$488,214	$462,712	$460,120
Revenue	$50,093	$24,192	$11,497
Expenses	$24,630	$21,686	$16,943
Qualifying Distributions	$17,756	$16,898	$11,777
Net Investment Income	$43,446	$18,373	$6,061
Distributable Amount	$35,616	$31,479	$31,486

Giving Over Time

Total grant dollars and number of grants per year

Grant Insights

How this funder distributes its grants

Top Recipients

Top 2 recipients in 2024

Grant Size Distribution

6 grants across all recorded years

Giving History

Grant recipients and amounts by year

Among its reported 2024 grants, the largest include Memorial & Library Association ($6,685), Saint Michael's Church ($6,685).

Recipient	Purpose	Amount
MEMORIAL & LIBRARY ASSOCIATION WESTERLY, RI	GENERAL OPERATING EXPENSES	$6,685
SAINT MICHAEL'S CHURCH PAWCATUCK, CT	GENERAL OPERATING EXPENSES	$6,685

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

From 2024 IRS filing

From 2024 filing

Name	Title	Hours	Compensation
THE WASHINGTON TRUST COMPANY	Trustee	1	$7,757

Frequently Asked Questions

How large is James F Mccormick Jr Tuw?

As of 2024, James F Mccormick Jr Tuw holds $488K in total assets with $50K in annual revenue. It awarded 2 grants totaling $13K in 2024.

Where does James F Mccormick Jr Tuw operate?

James F Mccormick Jr Tuw has awarded grants in Connecticut, Rhode Island.

What size grants does James F Mccormick Jr Tuw award?

In 2024, James F Mccormick Jr Tuw awarded 2 grants totaling $13K — an average of about $7K per grant, based on its IRS Form 990 filings.

How much is James F Mccormick Jr Tuw required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2024, James F Mccormick Jr Tuw reported a distributable amount of $36K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.