Ruth E Proud Charitable Trust
Ruth E Proud Charitable Trust is a private foundation, based in North Adams, MA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $2.3M in total assets. In 2024, it awarded 8 grants totaling $158K. Net investment income was $303K.
Key facts about Ruth E Proud Charitable Trust
In short: Ruth E Proud Charitable Trust gave $158K across 8 grants in 2024 (avg $20K), mostly in Massachusetts. Source: 2024 IRS Form 990-PF.
- EIN
- 02-0691253
- Latest 990 filing
- Form 990-PF, 2024
- Annual giving (2024)
- $157,500
- Grants made (2024)
- 8
- Average grant
- $19,688
- Median grant
- $12,500
- Total assets
- $2,288,634
- Primary geography
- Massachusetts (100% of itemized 2024 grant dollars)
Data from IRS Form 990-PF, 2024; updated October 2026.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$2.3M
+5.4% YoY
Annual Giving
$158K
-6.0% YoY
Grant Count
8
-11.1% YoY
Avg Grant Size
$20K
+5.8% YoY
Under IRS private-foundation payout rules, Ruth E Proud Charitable Trust reported a distributable amount of $146K for 2024 — the minimum it must pay out in qualifying distributions.
How Ruth E Proud Charitable Trust gives
- Giving held roughly steady from 2021 to 2024 (+17%). Method
- In 2024 it paid out 129% of its IRS minimum distribution (the 5% rule). Method
From the foundation's IRS Form 990-PF filings. Methodology.
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2024 grant dollars across all 8 itemized grants.
States
Cities
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2024, annual grant giving ranged from $135K (2021) to $168K (2023). In 2024 it made 8 grants totaling $158K.
Grant Insights
How this funder distributes its grants
Top Recipients
Top 8 recipients in 2024
The largest 2024 recipient was Mass Moca Foundation Inc ($60K). Together the top 8 received $158K.
Grant Size Distribution
45 grants across all recorded years
The most common grant size was under $50K: 44 grants of 45 (98%).
Giving History
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Mass Moca Foundation Inc North Adams, MA | Art & Culture to Elementary Students | $60,000 |
| McLa Foundation North Adams, MA | Educational Lectures | $35,000 |
| Noren Bishop United Way Pittsfield, MA | Community Development | $20,000 |
| Berkshire Food Project North Adams, MA | Food Pantry | $15,000 |
| Baams Williamstown, MA | Youth Development | $10,000 |
| Roots Teen Center North Adams, MA | Teen Walk in Center | $7,500 |
| North Adams Public Schools North Adams, MA | Education | $5,000 |
| UCP of Western Mass Pittsfield, MA | Quality of Life Improvement | $5,000 |
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $2,288,634 | $2,171,406 | $2,255,617 |
| Revenue | $383,131 | $197,787 | $218,553 |
| Expenses | $268,323 | $264,432 | $229,807 |
| Qualifying Distributions | $188,460 | $196,530 | $164,974 |
| Net Investment Income | $303,268 | $129,885 | $153,720 |
| Distributable Amount | $146,303 | $134,191 | $136,293 |
Data update history
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2024
Leadership & Key People
Officers and directors from IRS filings
Ruth E Proud Charitable Trust is led by John Derosa, Trustee on every filing since 2020 — the only officer listed, and uncompensated.
Officers on the 2024 filing
John Derosa
Trustee
On filings since 2020
2 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 Ruth E Proud Charitable Trust
How much does Ruth E Proud Charitable Trust give each year?
Ruth E Proud Charitable Trust gave $158K across 8 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $168K across 9 grants.
What is Ruth E Proud Charitable Trust's typical grant size?
Ruth E Proud Charitable Trust's median grant in 2024 was $12,500, and its average grant was $19,688, across 8 grants on its 2024 IRS Form 990-PF.
Where does Ruth E Proud Charitable Trust give grants?
Ruth E Proud Charitable Trust gives mostly in Massachusetts: 100% of the grant dollars itemized on its 2024 IRS Form 990-PF went to recipients there. The most frequent recipient cities were North Adams, MA (5 grants) and Pittsfield, MA (2 grants).
Does Ruth E Proud Charitable Trust give general operating support?
Not in 2024: none of the 8 grants with a stated purpose on Ruth E Proud Charitable Trust's 2024 IRS Form 990-PF were described as general or operating support.
Who are Ruth E Proud Charitable Trust's largest grantees?
Ruth E Proud Charitable Trust's largest 2024 grantees include Mass Moca Foundation Inc ($60,000), McLa Foundation ($35,000) and Noren Bishop United Way ($20,000), according to its 2024 IRS Form 990-PF. Together they received 73% of its itemized 2024 grant dollars.
How large is Ruth E Proud Charitable Trust?
Ruth E Proud Charitable Trust reported $2.3M in total assets on its 2024 IRS Form 990-PF. It paid out $188K in qualifying distributions that year, against a required minimum of $146K (roughly 5% of its investment assets).
What is Ruth E Proud Charitable Trust's EIN?
Ruth E Proud Charitable Trust's EIN (Employer Identification Number) is 02-0691253. IRS Form 990 filing data is available on this page for 2020–2024.
Data last updated October 2026. Sourced from IRS Form 990-PF filings.
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