Richard L & Rita S Porterfield Charitable Trust
Richard L & Rita S Porterfield Charitable Trust is a private foundation, based in Wake Forest, NC. IRS filing data is available from 2020 through 2025. As of 2025, the organization holds $128K in total assets. In 2025, it awarded 1 grant totaling $8K. Net investment income was $5K.
Richard L & Rita S Porterfield Charitable Trust at a glance
In short: Richard L & Rita S Porterfield Charitable Trust gave $8K across 1 grant in 2025 (avg $8K), mostly in Alabama. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $7,871
- +2.8% vs 2024
- Grants made (2025)
- 1
- +0.0% vs 2024
- Average grant
- $7,871
- +2.8% vs 2024
- Median grant
- $7,871
- Total assets
- $128,191
- -3.2% vs 2024
- Primary geography
- Alabama (100% 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 Richard L & Rita S Porterfield Charitable Trust funds
How this funder distributes its grants
Top Recipients
Top recipient in 2025
The largest 2025 recipient was Una Foundation ($8K).
Grant Size Distribution
5 grants across all recorded years
The most common grant size was under $50K: 5 grants of 5 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of the 2025 grant dollars on its one itemized grant.
States
Cities
How Richard L & Rita S Porterfield Charitable Trust gives
- Giving held roughly steady from 2022 to 2025 (−18%). Method
- In 2025 it paid out 99% 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 2025, annual grant giving ranged from $7K (2023) to $10K (2022). In 2025 it made 1 grant totaling $8K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Una Foundation Florence, AL | Operational | $7,871 |
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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 | $128,191 | $8,900 | $13,138 | $7,871 | 1 | $7,871 | $4,820 | $7,978 |
| 2024 | $132,429 | $5,011 | $12,867 | $7,654 | 1 | $7,654 | $963 | $7,633 |
| 2023 | $139,909 | $7,962 | $12,066 | $7,182 | 1 | $7,182 | $4,196 | $7,249 |
| 2022 | $144,082 | $2,630 | $15,655 | $9,607 | 1 | $9,607 | — | $8,269 |
| 2021 | $157,519 | $9,129 | $15,574 | $9,258 | 1 | $9,258 | $4,437 | $9,229 |
| 2020 | $164,023 | $26,257 | $15,114 | $8,972 | 1 | — | $21,464 | $8,680 |
Under IRS private-foundation payout rules, Richard L & Rita S Porterfield Charitable Trust reported a distributable amount of $8K for 2025 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
Richard L & Rita S Porterfield Charitable Trust's 2025 filing lists 2 officers; all 2 officers listed in 2025 are compensated.
Officers on the 2025 filing
Holly L. Izzo
Co-Trustee
On filings since 2020
$3K (2020) → $2K (2025)
Robert R. Porterfield
Co-Trustee
On filings since 2020
$897 (2020) → $787 (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 $2K, to Holly L Izzo (Co-Trustee). 2 officers or directors reported compensation on that filing.
Frequently asked questions about Richard L & Rita S Porterfield Charitable Trust
How much does Richard L & Rita S Porterfield Charitable Trust give each year?
Richard L & Rita S Porterfield Charitable Trust gave $8K across 1 grant in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $8K across 1 grant.
How large is Richard L & Rita S Porterfield Charitable Trust?
Richard L & Rita S Porterfield Charitable Trust reported $128K in total assets on its 2025 IRS Form 990-PF. It paid out $8K in qualifying distributions that year, against a required minimum of $8K (roughly 5% of its investment assets). Falling short in one year is not a violation: foundations have until the end of the next year to meet the minimum.
Where does Richard L & Rita S Porterfield Charitable Trust operate?
Richard L & Rita S Porterfield Charitable Trust has awarded grants in Alabama.
What is Richard L & Rita S Porterfield Charitable Trust's EIN?
Richard L & Rita S Porterfield Charitable Trust's EIN (Employer Identification Number) is 13-7262884. 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 April 22, 2022)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS April 24, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS April 19, 2024)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS April 21, 2025)
- Added Form 990-PF for fiscal year 2025 (received by the IRS May 11, 2026)
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