Richard L & Rita S Porterfield Charitable Trust
Richard L & Rita S Porterfield Charitable Trust is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in WAKE FOREST, NC. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $132K in total assets. In 2024, it awarded 1 grants totaling $8K. Net investment income was $963.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$132K
-5.3% YoY
Annual Giving
$8K
+6.6% YoY
Grant Count
1
+0.0% YoY
Avg Grant Size
$8K
+6.6% YoY
Under IRS private-foundation payout rules, Richard L & Rita S Porterfield Charitable Trust reported a distributable amount of $8K for 2024 — the minimum it must pay out in qualifying distributions.
About Richard L & Rita S Porterfield Charitable Trust
Based on IRS filings
Richard L & Rita S Porterfield Charitable Trust is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in WAKE FOREST, NC. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $132K in total assets. In 2024, it awarded 1 grants totaling $8K. Net investment income was $963.
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 | $132,429 | $139,909 | $144,082 |
| Revenue | $5,011 | $7,962 | $2,630 |
| Expenses | $12,867 | $12,066 | $15,655 |
| Qualifying Distributions | $7,654 | $7,182 | $9,607 |
| Net Investment Income | $963 | $4,196 | — |
| Distributable Amount | $7,633 | $7,249 | $8,269 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 1 recipients in 2024
Grant Size Distribution
5 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Una Foundation ($7,654).
| Recipient | Purpose | Amount |
|---|---|---|
| UNA FOUNDATION FLORENCE, AL | OPERATIONAL | $7,654 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| ROBERT R PORTERFIELD | CO-TRUSTEE | — | $765 |
| HOLLY L IZZO | CO-TRUSTEE | — | $2,296 |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Richard L & Rita S Porterfield Charitable Trust?
Richard L & Rita S Porterfield Charitable Trust is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in WAKE FOREST, NC. It holds $132K in total assets as of 2024.
How large is Richard L & Rita S Porterfield Charitable Trust?
As of 2024, Richard L & Rita S Porterfield Charitable Trust holds $132K in total assets with $5K in annual revenue. It awarded 1 grants totaling $8K in 2024.
Where does Richard L & Rita S Porterfield Charitable Trust operate?
Richard L & Rita S Porterfield Charitable Trust has awarded grants in Alabama.
What size grants does Richard L & Rita S Porterfield Charitable Trust award?
In 2024, Richard L & Rita S Porterfield Charitable Trust awarded 1 grants totaling $8K — an average of about $8K per grant, based on its IRS Form 990 filings.
How much is Richard L & Rita S Porterfield Charitable Trust required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Richard L & Rita S Porterfield Charitable Trust reported a distributable amount of $8K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
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 2020–2024.
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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