Jean & Ruth Aseltine Fund Community Finl
Jean & Ruth Aseltine Fund Community Finl is a private foundation focused on Education, based in Newport, VT. IRS filing data is available from 2020 through 2025. In 2025, it awarded 3 grants totaling $68K. Net investment income was $13K.
Jean & Ruth Aseltine Fund Community Finl at a glance
In short: Jean & Ruth Aseltine Fund Community Finl gave $68K across 3 grants in 2025 (avg $23K), mostly in Vermont. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $67,515
- +1945.9% vs 2024
- Grants made (2025)
- 3
- +50.0% vs 2024
- Average grant
- $22,505
- +1263.9% vs 2024
- Median grant
- $1,700
- Primary geography
- Vermont (97% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990-PF, 2025 View filing
Data from IRS Form 990-PF, 2025; updated September 2026.
Who Jean & Ruth Aseltine Fund Community Finl funds
How this funder distributes its grants
Top Recipients
Top 3 recipients in 2025
The largest 2025 recipient was Bellows Free Academy ($64K). Together the top 3 received $68K.
Grant Size Distribution
11 grants across all recorded years
The most common grant size was under $50K: 10 grants of 11 (91%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2025 grant dollars across all 3 itemized grants.
Cities
How Jean & Ruth Aseltine Fund Community Finl gives
- Giving grew 1588% from 2022 to 2025. Method
- In 2025 it paid out well above its IRS minimum distribution (the 5% rule). 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 2025, annual grant giving ranged from $3K (2023) to $68K (2025). In 2025 it made 3 grants totaling $68K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Bellows Free Academy St Albans, VT | Scholarship | $64,115 |
| Saint Anselm College Manchester, NH | Scholarship | $1,700 |
| University of Vermont Burilington, VT | Scholarship | $1,700 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Net Investment Income | Distributable Amount |
|---|---|---|---|---|---|---|---|---|
| 2025 | — | $14,287 | $69,523 | $67,515 | 3 | $68,154 | $13,329 | $3,533 |
| 2024 | $55,189 | $6,835 | $7,672 | $3,300 | 2 | $3,843 | $4,251 | $3,365 |
| 2023 | $56,015 | $4,887 | $5,424 | $3,200 | 2 | $3,681 | $3,461 | $3,102 |
| 2022 | $56,576 | $2,634 | $6,478 | $4,000 | 2 | $4,544 | $1,278 | $3,333 |
| 2021 | $60,454 | $10,088 | $6,056 | $3,600 | 2 | $4,171 | $8,576 | $3,911 |
| 2020 | $56,441 | $-359 | $5,806 | $3,500 | 2 | — | — | $3,537 |
Under IRS private-foundation payout rules, Jean & Ruth Aseltine Fund Community Finl reported a distributable amount of $4K for 2025 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
Jean & Ruth Aseltine Fund Community Finl's only listed officer is Community Financial Services LLC, Trustee on every filing since 2020 (compensated).
Officers on the 2025 filing
Community Financial Services LLC
Trustee
On filings since 2020
2 hrs/week
$1K (2020) → $218 (2025)
Data from IRS Form 990 filings, 2020–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Compensation Overview
From 2025 IRS filing
The highest reported compensation on the 2025 filing was $218, to Community Financial Services LLC (Trustee).
Frequently asked questions about Jean & Ruth Aseltine Fund Community Finl
How much does Jean & Ruth Aseltine Fund Community Finl give each year?
Jean & Ruth Aseltine Fund Community Finl gave $68K across 3 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $3K across 2 grants.
What is Jean & Ruth Aseltine Fund Community Finl's typical grant size?
Jean & Ruth Aseltine Fund Community Finl's median grant in 2025 was $1,700, and its average grant was $22,505, across 3 grants on its 2025 IRS Form 990-PF.
Where does Jean & Ruth Aseltine Fund Community Finl give grants?
Jean & Ruth Aseltine Fund Community Finl gives mostly in Vermont: 97% of the grant dollars itemized on its 2025 IRS Form 990-PF went to recipients there.
Does Jean & Ruth Aseltine Fund Community Finl give general operating support?
Not in 2025: none of the 3 grants with a stated purpose on Jean & Ruth Aseltine Fund Community Finl's 2025 IRS Form 990-PF were described as general or operating support. Recurring purposes include "Scholarship" (3 grants).
What is Jean & Ruth Aseltine Fund Community Finl?
Jean & Ruth Aseltine Fund Community Finl is a private foundation focused on Education, based in Newport, VT.
How much is Jean & Ruth Aseltine Fund Community Finl required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2025, Jean & Ruth Aseltine Fund Community Finl reported a distributable amount of $4K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Jean & Ruth Aseltine Fund Community Finl's EIN?
Jean & Ruth Aseltine Fund Community Finl's EIN (Employer Identification Number) is 03-6037928. IRS Form 990 filing data is available on this page for 2020–2025.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(6)
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2020 (received by the IRS May 11, 2021)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS May 11, 2022)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS May 8, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS April 17, 2024)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS April 17, 2025)
- Added Form 990-PF for fiscal year 2025 (received by the IRS April 27, 2026)
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