Sholes Charitable Foundation
Sholes Charitable Foundation is a private foundation, based in Warwick, RI. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $90K in total assets. In 2024, it awarded 1 grant totaling $10K. Net investment income was $13K.
Key facts about Sholes Charitable Foundation
- EIN
- 04-6183662
- Latest 990 filing
- Form 990-PF, 2024
- Annual giving (2024)
- $10,000
- Grants made (2024)
- 1
- Average grant
- $10,000
- Median grant
- $10,000
- Total assets
- $90,163
- Primary geography
- Rhode Island (100% of itemized 2024 grant dollars)
Data from IRS Form 990-PF, 2024; updated September 2026.
How Sholes Charitable Foundation gives
- In 2024 it paid out 52% 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.
Next steps with Sholes Charitable Foundation
- How to evaluate Sholes Charitable Foundation as a funder
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Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$90K
+3.7% YoY
Annual Giving
$10K
+0.0% YoY
Grant Count
1
+0.0% YoY
Avg Grant Size
$10K
+0.0% YoY
Under IRS private-foundation payout rules, Sholes Charitable Foundation reported a distributable amount of $20K for 2024 — the minimum it must pay out in qualifying distributions.
About Sholes Charitable Foundation
Based on IRS filings
Sholes Charitable Foundation is a private foundation, based in Warwick, RI. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $90K in total assets. In 2024, it awarded 1 grant totaling $10K. Net investment income was $13K.
Ready to take the next step with Sholes Charitable Foundation?
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of all 1 itemized 2024 grant dollars.
States
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2020 |
|---|---|---|---|
| Total Assets | $90,163 | $86,985 | $80,774 |
| Revenue | $13,380 | $14,655 | $9,231 |
| Expenses | $10,202 | $10,157 | $10,190 |
| Qualifying Distributions | $10,202 | $10,157 | — |
| Net Investment Income | $13,178 | $14,498 | $9,041 |
| Distributable Amount | $19,517 | $18,218 | $9,669 |
Data update history
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2024
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
3 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest recipients include Temple Torat Yisrael ($10,000).
| Recipient | Purpose | Amount |
|---|---|---|
| Temple Torat Yisrael East Greenwich, RI | Capital Campaign | $10,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
No officer or director reported compensation in the available filings.
From 2024 IRS filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| Andrew G Sholes | Trustee | 1 | — |
| David H Sholes | Trustee | 1 | — |
Frequently Asked Questions
How large is Sholes Charitable Foundation?
As of 2024, Sholes Charitable Foundation holds $90K in total assets with $13K in annual revenue. It awarded 1 grant totaling $10K in 2024.
Where does Sholes Charitable Foundation operate?
Sholes Charitable Foundation has awarded grants in Rhode Island.
What size grants does Sholes Charitable Foundation award?
In 2024, Sholes Charitable Foundation awarded 1 grant totaling $10K — an average of about $10K per grant, based on its IRS Form 990 filings.
How much is Sholes Charitable Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Sholes Charitable Foundation reported a distributable amount of $20K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Sholes Charitable Foundation's EIN?
Sholes Charitable Foundation's EIN (Employer Identification Number) is 04-6183662. IRS Form 990 filing data is available on this page for 2020–2024.
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Data last updated September 2026. Sourced from IRS Form 990-PF filings.