Newportfed Charitable Foundation
Newportfed Charitable Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in NEWPORT, RI. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $3.2M in total assets. In 2024, it awarded 41 grants totaling $181K. Net investment income was $92K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$3.2M
-3.7% YoY
Annual Giving
$181K
-18.8% YoY
Grant Count
41
+0.0% YoY
Avg Grant Size
$4K
-18.8% YoY
Under IRS private-foundation payout rules, Newportfed Charitable Foundation reported a distributable amount of $204K for 2024 — the minimum it must pay out in qualifying distributions.
About Newportfed Charitable Foundation
Based on IRS filings
Newportfed Charitable Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in NEWPORT, RI. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $3.2M in total assets. In 2024, it awarded 41 grants totaling $181K. Net investment income was $92K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $3,236,777 | $3,360,953 | $3,325,418 |
| Revenue | $126,997 | $325,020 | $91,889 |
| Expenses | $251,173 | $289,485 | $272,131 |
| Qualifying Distributions | $213,298 | $253,060 | $236,566 |
| Net Investment Income | $91,711 | $288,595 | $56,338 |
| Distributable Amount | $203,709 | $183,964 | $196,926 |
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
121 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Lucy's Hearth ($15,000), Jonnycake Center of Westerly ($15,000), Boys Clubs Girls Clubs of Newport C ($10,000).
| Recipient | Purpose | Amount |
|---|---|---|
| BOYS CLUBS GIRLS CLUBS OF NEWPORT C NEWPORT, RI | PROGRAM SUPPORT | $10,000 |
| IYRS SCHOOL OF TECHNOLOGY TRADES NEWPORT, RI | PROGRAM SUPPORT | $2,500 |
| THE JONNYCAKE CENTER INC FOR HOPE PEACE DALE, RI | PROGRAM SUPPORT | $10,000 |
| NEWPORT GULLS NEWPORT, RI | PROGRAM SUPPORT | $4,500 |
| OCEAN COMMUNITY UNITED THEATRE WESTERLY, RI | PROGRAM SUPPORT | $2,500 |
| RHODE ISLAND ARTS FND AT NEWPORT NEWPORT, RI | PROGRAM SUPPORT | $3,000 |
| ST VINCENT DE PAUL - WESTERLY WESTERLY, RI | PROGRAM SUPPORT | $10,000 |
| STAND UP FOR ANIMALS WESTERLY, RI | PROGRAM SUPPORT | $2,500 |
| ST VINCENT DE PAUL - ST JOSEPH'S NEWPORT, RI | PROGRAM SUPPORT | $10,000 |
| RI PHILHARMONIC ORCHESTRA MUSIC SCH EAST PROVIDENCE, RI | PROGRAM SUPPORT | $5,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| KEVIN M MCCARTHY | President | 1 | $2,400 |
| ARTHUR H LATHROP | Treasurer | 2 | $5,400 |
| JUDY TUCKER | Secretary | 1 | $2,400 |
| ALICIA S QUIRK | Director | 1 | $2,400 |
| KELLY LEE | Director | 1 | $2,400 |
| MARK STENNING | Director | 1 | $2,400 |
| MICHAEL HAYES | Director | 1 | $2,400 |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Newportfed Charitable Foundation?
Newportfed Charitable Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in NEWPORT, RI. It holds $3.2M in total assets as of 2024.
How large is Newportfed Charitable Foundation?
As of 2024, Newportfed Charitable Foundation holds $3.2M in total assets with $127K in annual revenue. It awarded 41 grants totaling $181K in 2024.
Where does Newportfed Charitable Foundation operate?
Newportfed Charitable Foundation has awarded grants in Kansas, Maryland, Rhode Island.
What size grants does Newportfed Charitable Foundation award?
In 2024, Newportfed Charitable Foundation awarded 41 grants totaling $181K — an average of about $4K per grant, based on its IRS Form 990 filings.
How much is Newportfed Charitable Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Newportfed Charitable Foundation reported a distributable amount of $204K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Newportfed Charitable Foundation's EIN?
Newportfed Charitable Foundation's EIN (Employer Identification Number) is 20-5140473. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in Newportfed Charitable Foundation's focus areas in our free grants database
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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