Robert B Cranston

NEWPORT, RI EIN: 05-6008897

Robert B Cranston is a private foundation, based in NEWPORT, RI. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $3.4M in total assets. In 2024, it awarded 1 grants totaling $112K. Net investment income was $2.4M.

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$3.4M

+207.4% YoY

Annual Giving

$112K

+27.2% YoY

Grant Count

+0.0% YoY

Avg Grant Size

$112K

+27.2% YoY

Under IRS private-foundation payout rules, Robert B Cranston reported a distributable amount of $187K for 2024 — the minimum it must pay out in qualifying distributions.

About Robert B Cranston

Based on IRS filings

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

Rhode Island $1.1M (100%)

States

Rhode Island

Cities

MiddletownNewportPortsmouth

Financial History

Multi-year comparison from IRS filings

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2024	2023	2022
Total Assets	$3,428,986	$1,115,304	$1,308,226
Revenue	$2,477,123	$111,945	$101,946
Expenses	$163,441	$104,867	$322,205
Qualifying Distributions	$117,058	$93,164	$294,601
Net Investment Income	$2,441,241	$114,410	$118,953
Distributable Amount	$187,225	$203,462	$217,006

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

13 grants across all recorded years

Giving History

Grant recipients and amounts by year

Among its reported 2024 grants, the largest include Indigent People - Paid for Medical Svs Food Clothing Housing & Travel ($111,808).

Recipient	Purpose	Amount
INDIGENT PEOPLE - PAID FOR MEDICAL SVS FOOD CLOTHING HOUSING & TRAVEL NEWPORT, RI	MEDICAL SVCE, FOOD, UTIL, CLOTHING, HOUSING & TRAVEL	$111,808

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

From 2024 IRS filing

From 2024 filing

Name	Title	Hours	Compensation
GREGORY FATER	TRUSTEE	2	$3,000
JOHN H ELLIS	TRUSTEE	2	$2,000
JACK GRANT	DIRECTOR	10	$4,000
JANE KELLY	TRUSTEE	2	$2,000

Frequently Asked Questions

How large is Robert B Cranston?

As of 2024, Robert B Cranston holds $3.4M in total assets with $2.5M in annual revenue. It awarded 1 grants totaling $112K in 2024.

Where does Robert B Cranston operate?

Robert B Cranston has awarded grants in Rhode Island.

What size grants does Robert B Cranston award?

In 2024, Robert B Cranston awarded 1 grants totaling $112K — an average of about $112K per grant, based on its IRS Form 990 filings.

How much is Robert B Cranston required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2024, Robert B Cranston reported a distributable amount of $187K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.