Richard L & Rita S Porterfield Charitable Trust

Private foundation · Grantmaker Wake Forest, NC EIN: 13-7262884

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

Una Foundation: $8KUna Foundation$8K

The largest 2025 recipient was Una Foundation ($8K).

Grant Size Distribution

5 grants across all recorded years

5<$50K$50–100K$100–250K$250–500K$500K–1M$1–5M$5M+

The most common grant size was under $50K: 5 grants of 5 (100%).

Geographic Focus

Where this funder awards grants

Grant Distribution by State

1state

Share of the 2025 grant dollars on its one itemized grant.

States

Cities

FlorenceAndalusiaAuburn

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

$0$2.5K$5K$7.5K$10K1 grant2020 1 grant2021 1 grant2022 1 grant2023 1 grant2024 1 grant2025

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

RecipientPurposeAmount
Una Foundation Florence, ALOperational$7,871
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Financial History

Multi-year comparison from IRS filings

Figures from IRS filings, by filing year
Filing yearTotal AssetsRevenueExpensesGrants paidGrantsQualifying DistributionsNet Investment IncomeDistributable Amount
2025$128,191$8,900$13,138$7,8711$7,871$4,820$7,978
2024$132,429$5,011$12,867$7,6541$7,654$963$7,633
2023$139,909$7,962$12,066$7,1821$7,182$4,196$7,249
2022$144,082$2,630$15,655$9,6071$9,607—$8,269
2021$157,519$9,129$15,574$9,2581$9,258$4,437$9,229
2020$164,023$26,257$15,114$8,9721—$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

Holly L Izzo — Co-Trustee: $2KHolly L IzzoCo-Trustee$2KRobert R Porterfield — Co-Trustee: $787Robert R PorterfieldCo-Trustee$787

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

  1. Updated Form 990-PF for fiscal year 2020 (received by the IRS May 11, 2021)
  2. Updated Form 990-PF for fiscal year 2021 (received by the IRS April 22, 2022)
  3. Updated Form 990-PF for fiscal year 2022 (received by the IRS April 24, 2023)
  4. Updated Form 990-PF for fiscal year 2023 (received by the IRS April 19, 2024)
  5. Updated Form 990-PF for fiscal year 2024 (received by the IRS April 21, 2025)
  6. Added Form 990-PF for fiscal year 2025 (received by the IRS May 11, 2026)

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The filing figures on this page are open data under CC BY 4.0. About GrantGraph Open

Figures come from Richard L & Rita S Porterfield Charitable Trust's IRS filings (methodology). AI-written summaries, news items and logos are not covered by the open licence. Spot an error? Email hello@grantable.co.

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