RM2 Foundation
RM2 Foundation is a private foundation, based in North Kingstown, RI. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $1.2M in total assets. In 2024, it awarded 4 grants totaling $170K. Net investment income was $114K.
RM2 Foundation at a glance
In short: RM2 Foundation gave $170K across 4 grants in 2024 (avg $43K), mostly in Rhode Island. Source: 2024 IRS Form 990-PF.
- Annual giving (2024)
- $170,000
- -37.7% vs 2023
- Grants made (2024)
- 4
- -60.0% vs 2023
- Average grant
- $42,500
- +55.7% vs 2023
- Median grant
- $6,500
- Total assets
- $1,212,724
- -1.0% vs 2023
- Primary geography
- Rhode Island (92% of itemized 2024 grant dollars)
- Latest 990 filing
- Form 990-PF, 2024 View filing
Data from IRS Form 990-PF, 2024; updated September 2026.
Who RM2 Foundation funds
How this funder distributes its grants
Top Recipients
Top 4 recipients in 2024
The largest 2024 recipient was Ocean State Job Lot Charitable Foundation ($154K). Together the top 4 received $170K.
Grant Size Distribution
34 grants across all recorded years
The most common grant size was under $50K: 27 grants of 34 (79%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2024 grant dollars across all 4 itemized grants.
Cities
How RM2 Foundation gives
- Giving fell 86% from 2021 to 2024. Method
- In 2024 it paid out 299% of its IRS minimum distribution (the 5% rule). 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 2024, annual grant giving ranged from $62K (2022) to $1.4M (2020). In 2024 it made 4 grants totaling $170K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Ocean State Job Lot Charitable Foundation North Kingstown, RI | General Operating Support | $154,000 |
| Cere Boston, MA | General Operating Support | $10,000 |
| Fund for Uri & Hillel Kingston, RI | General Operating Support | $3,000 |
| Omni-Med Waban, MA | General Operating Support | $3,000 |
Ready to take the next step with RM2 Foundation?
Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Net Investment Income | Distributable Amount |
|---|---|---|---|---|---|---|---|---|
| 2024 | $1,212,724 | $235,281 | $248,047 | $170,000 | 4 | $170,000 | $114,026 | $56,859 |
| 2023 | $1,225,490 | $186,997 | $351,325 | $273,000 | 10 | $273,000 | $108,672 | $59,640 |
| 2022 | $1,389,818 | $188,062 | $136,168 | $62,000 | 6 | $62,000 | $113,894 | $63,240 |
| 2021 | $1,337,924 | $202,131 | $1,320,085 | $1,226,000 | 5 | — | $108,046 | $85,799 |
| 2020 | $2,455,878 | $2,417,136 | $1,472,611 | $1,394,100 | 9 | — | $998,842 | $149,402 |
Under IRS private-foundation payout rules, RM2 Foundation reported a distributable amount of $57K for 2024 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
RM2 Foundation's 2024 filing lists 2 officers; none of the 2 officers listed in 2024 report compensation.
Officers on the 2024 filing
Claire Perlman
Trustee
On filings since 2020
0.3 hrs/week
No compensation reported
Marc Perlman
Trustee
On filings since 2020
0.3 hrs/week
No compensation reported
Data from IRS Form 990 filings, 2020–2024. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Frequently asked questions about RM2 Foundation
How much does RM2 Foundation give each year?
RM2 Foundation gave $170K across 4 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $273K across 10 grants.
What is RM2 Foundation's typical grant size?
RM2 Foundation's median grant in 2024 was $6,500, and its average grant was $42,500, across 4 grants on its 2024 IRS Form 990-PF.
Where does RM2 Foundation give grants?
RM2 Foundation gives mostly in Rhode Island: 92% of the grant dollars itemized on its 2024 IRS Form 990-PF went to recipients there. The next largest state was Massachusetts (8%).
Does RM2 Foundation give general operating support?
Yes: 100% of RM2 Foundation's 2024 grants with a stated purpose (4 of 4) were for general or operating support, per its 2024 IRS Form 990-PF.
How large is RM2 Foundation?
RM2 Foundation reported $1.2M in total assets on its 2024 IRS Form 990-PF. It paid out $170K in qualifying distributions that year, against a required minimum of $57K (roughly 5% of its investment assets).
What is RM2 Foundation's EIN?
RM2 Foundation's EIN (Employer Identification Number) is 05-0494286. IRS Form 990 filing data is available on this page for 2020–2024.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(1)
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2024
Explore Open Grants
Browse active grant opportunities in RM2 Foundation's focus areas in our free grants database
Similar Funders
Funders with grantees in common, and similar funders in Rhode Island
Jewish Community Foundation of Los Angeles
Los Angeles, CA
The Jewish Community Foundation of Los Angeles supports human services, health, education, Jewish life, arts and culture, Israel-related work, and nonprofit capacity and capital projects, with a focus on Los Angeles and also giving in Israel and beyond. Its 2024 itemized grants had a median of $25,000, though amounts varied widely. General Community grants are by invitation only and do not accept unsolicited applications; current procedures should be verified.
Assets
$1.2B
Grants
1,063
Total Given
$142.2M
The Rhode Island Community Foundation
Providence, RI
The Rhode Island Community Foundation funds nonprofits and community efforts in areas including education, arts and culture, housing, health, climate action, and economic mobility. Its 2024 grants had a median of about $23,940, with giving concentrated in Rhode Island; the profile does not state whether it accepts unsolicited requests.
Assets
$1.3B
Grants
977
Total Given
$72.0M
CVS Foundation
Woonsocket, RI
CVS Foundation funds health care access and outcomes, preventive and community health, health-related needs such as food and housing, education and workforce development, and disaster response across the United States. In 2024, it made 778 grants totaling about $21.4 million; awards ranged from $250 to $2.46 million, with a median of $1,500. It does not accept unsolicited requests; support is by invitation or RFP only, and no RFPs are currently open.
Assets
$194.3M
Grants
778
Total Given
$21.4M
United Way of Rhode Island Inc
Providence, RI
United Way of Rhode Island funds Rhode Island nonprofits working on economic security, children’s learning, housing, food access, safety, and related community needs. In 2025, grants ranged from $5,008 to $547,033, with a median of $15,000; its emergency grants offer up to $50,000, with average awards of $25,000–$30,000. It accepts applications for emergency grants on a rolling basis.
Assets
$30.1M
Grants
282
Total Given
$8.0M
Ralph R Papitto & Barbara a Papitto
Providence, RI
Papitto Opportunity Connection funds Rhode Island 501(c)(3) organizations working in education, job skills training, housing, healthcare, and entrepreneurship, with a focus on communities most in need. It gives about $6 million annually; small grants are generally $5,000–$20,000, though awards vary widely. It accepts unsolicited applications during set periods, but its application page says proposals are not currently being accepted.
Assets
$6.8M
Grants
270
Total Given
$24.3M
Brown University
Providence, RI
Brown University’s reported grants support education, student aid, and research, with listed awards primarily identified as subcontracts. In 2025, grants ranged from $5,325 to $3.36 million, with a median of about $98,700; recipients were concentrated in Rhode Island, Massachusetts, California, New York, and Washington, DC. The profile does not state that Brown accepts unsolicited requests; its website describes proposal support for Brown researchers.
Assets
$11.3B
Grants
235
Total Given
$47.0M
More similar funders
More Funders in Rhode Island
The filing figures on this page are open data under CC BY 4.0. About GrantGraph Open
Figures come from RM2 Foundation'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.
RM2 Foundation down — hundreds of funders to go?