Ruth E Proud Charitable Trust

NORTH ADAMS, MA EIN: 02-0691253

Ruth E Proud Charitable Trust is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, 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.

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

-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.

About Ruth E Proud Charitable Trust

Based on IRS filings

Focus Areas

Philanthropy, Voluntarism & Grantmaking

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

Massachusetts $729K (99%)

Colorado $10K (1%)

States

Colorado Massachusetts

Cities

AdamsBoulderNorth AdamsPittsfieldPittsfiledWilliamstown

Financial History

Multi-year comparison from IRS filings

Revenue

Expenses

Qualifying Distributions

Net Investment Income

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

Giving Over Time

Total grant dollars and number of grants per year

Grant Insights

How this funder distributes its grants

Top Recipients

Top 8 recipients in 2024

Grant Size Distribution

45 grants across all recorded years

Giving History

Grant recipients and amounts by year

Among its reported 2024 grants, the largest include Mass Moca Foundation Inc ($60,000), Mcla Foundation ($35,000), Noren Bishop United Way ($20,000).

Recipient	Purpose	Amount
BAAMS WILLIAMSTOWN, MA	YOUTH DEVELOPMENT	$10,000
BERKSHIRE FOOD PROJECT NORTH ADAMS, MA	FOOD PANTRY	$15,000
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
NORTH ADAMS PUBLIC SCHOOLS NORTH ADAMS, MA	EDUCATION	$5,000
ROOTS TEEN CENTER NORTH ADAMS, MA	TEEN WALK IN CENTER	$7,500
UCP OF WESTERN MASS PITTSFIELD, MA	QUALITY OF LIFE IMPROVEMENT	$5,000

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

From 2024 IRS filing

No officer/director data available.

Subject Areas

Focus areas based on grantmaking activity

Philanthropy, Voluntarism & Grantmaking

Frequently Asked Questions

What is Ruth E Proud Charitable Trust?

Ruth E Proud Charitable Trust is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in NORTH ADAMS, MA. It holds $2.3M in total assets as of 2024.

How large is Ruth E Proud Charitable Trust?

As of 2024, Ruth E Proud Charitable Trust holds $2.3M in total assets with $383K in annual revenue. It awarded 8 grants totaling $158K in 2024.

Where does Ruth E Proud Charitable Trust operate?

Ruth E Proud Charitable Trust has awarded grants in Colorado, Massachusetts.

What size grants does Ruth E Proud Charitable Trust award?

In 2024, Ruth E Proud Charitable Trust awarded 8 grants totaling $158K — an average of about $20K per grant, based on its IRS Form 990 filings.

How much is Ruth E Proud Charitable Trust required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2024, Ruth E Proud Charitable Trust reported a distributable amount of $146K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.