Mary D Chafee Fund Co Mark Chafee

LITTLE COMPTON, RI EIN: 05-6006295

The Mary Dexter Chafee Fund is a private foundation based in Little Compton, Rhode Island. Established in October 1940, it operates as a 501(c)(3) tax-exempt organization dedicated to philanthropic giving in its community.

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$2.6M

+22.3% YoY

Annual Giving

$155K

-6.4% YoY

Grant Count

+12.9% YoY

Avg Grant Size

$4K

-17.1% YoY

Under IRS private-foundation payout rules, Mary D Chafee Fund Co Mark Chafee reported a distributable amount of $169K for 2024 — the minimum it must pay out in qualifying distributions.

Research compiled by Grantable AI from public sources. Last updated April 2026.

Grantmaking

The Mary Dexter Chafee Fund is an active grantmaker with the following characteristics:

Grant Range

** Grants typically range from $5,000 to $10,000

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Geographic Focus

Where this funder awards grants

The foundation operates in Rhode Island, with a primary focus on Little Compton and the surrounding region.

Grant Distribution by State

Rhode Island $661K (88%)

Maine $90K (12%)

States

Maine Rhode Island

Cities

Blue HillBristolCranstonEast ProvidenceEllesworthEllsworthHancockJohnstonMiddletownPawtucketPeace DaleProvidenceWinter HarborWoonsocket

Financial History

Multi-year comparison from IRS filings

As of 2024:

Total Assets: $2.56 million
Annual Revenue: $660,000
Annual Expenses: $193,000
Net Income: $466,996
Total Liabilities: $0

As of 2023:

Total Assets: $2.10 million
Total Distributions: $165,539

The foundation maintains a strong financial position with significant assets relative to its annual giving, allowing for sustained philanthropic activity.

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2024	2023	2022
Total Assets	$2,562,976	$2,095,980	$2,126,466
Revenue	$659,555	$185,627	$33,668
Expenses	$192,559	$216,113	$184,865
Qualifying Distributions	$157,874	$168,227	$165,339
Net Investment Income	$625,534	$152,510	$43,481
Distributable Amount	$168,759	$155,362	$164,526

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

153 grants across all recorded years

Giving History

Grant recipients and amounts by year

Among its reported 2024 grants, the largest include Dorcas International Institute of Ri ($8,000), Families First Community Center ($8,000), Next Step Domestic Violence Currency ($8,000).

Recipient	Purpose	Amount
ANIMAL RESCUE LEAGUE OF SOUTHERN RI PEACE DALE, RI	OPERATIONS	$1,000
BENJAMIN CHURCH SENIOR CENTER INC BRISTOL, RI	OPERATIONS	$2,000
BETTER LIVES RI PROVIDENCE, RI	OPERATIONS	$4,000
BOYS AND GIRLS CLUB OF PAWTUCKET PAWTUCKET, RI	OPERATIONS	$7,000
BOYS AND GIRLS CLUB OF PROVIDENCE PROVIDENCE, RI	OPERATIONS	$7,000
CHURCH OF THE REDEEMER PROVIDENCE, RI	OPERATIONS	$2,500
CLOTHES TO KIDS RI JOHNSTON, RI	OPERATIONS	$2,000
COLLEGE VISIONS PROVIDENCE, RI	OPERATIONS	$3,000
COMMUNITY STRING PROJECT INC BRISTOL, RI	OPERATIONS	$2,000
CONNECTING CHILDREN AND FAMILIES WOONSOCKET, RI	OPERATIONS	$2,500

Leadership & Key People

Leadership team and compensation from IRS filings

The foundation is governed by the following individuals:

Helen Lee — President
Mark Chafee — Treasurer
Arthur Lee — Secretary
Alexandra Reynolds — Director
Elizabeth Oettinger — Director
Coastline — Agent

All board members serve on a volunteer basis with no compensation.

Compensation Overview

From 2024 IRS filing

From 2024 filing

Name	Title	Hours	Compensation
ALEXANDRA REYNOLDS	DIRECTOR	2	—
MARK CHAFEE	TREASURER	2	—
ARTHUR LEE	SECRETARY	2	—
ELIZABETH OETTINGER	DIRECTOR	2	—
COASTLINE	AGENT	2	—
HELEN LEE	PRESIDENT	2	—

Frequently Asked Questions

How do I apply for a grant from Mary D Chafee Fund Co Mark Chafee?

The Mary Dexter Chafee Fund is an active grantmaker with the following characteristics: • **Grant Range:** Grants typically range from $5,000 to $10,000 • **Median Grant Size:** $5,000 • **Annual Grant Count:** Approximately 31 grants awarded annually • **Total Annual Distributions:** $165,000 to $168,000 The foundation does not list specific charitable activities on its Form 990-PF filings, indicating a flexible approach to grantmaking priorities.

Where does Mary D Chafee Fund Co Mark Chafee make grants?

The foundation operates in Rhode Island, with a primary focus on Little Compton and the surrounding region.

What size grants does Mary D Chafee Fund Co Mark Chafee award?

In 2024, Mary D Chafee Fund Co Mark Chafee awarded 35 grants totaling $155K — an average of about $4K per grant, based on its IRS Form 990 filings.

How much is Mary D Chafee Fund Co Mark Chafee required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2024, Mary D Chafee Fund Co Mark Chafee reported a distributable amount of $169K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.

What is Mary D Chafee Fund Co Mark Chafee's EIN?

Mary D Chafee Fund Co Mark Chafee's EIN (Employer Identification Number) is 05-6006295. IRS Form 990 filing data is available on this page for 2020–2024.