The Cianci Educational Foundation
The Cianci Educational Foundation is a private foundation, based in WARWICK, RI. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $146K in total assets. In 2024, it awarded 8 grants totaling $24K. Net investment income was $15K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$146K
-19.6% YoY
Annual Giving
$24K
+65.5% YoY
Grant Count
8
+14.3% YoY
Avg Grant Size
$3K
+44.8% YoY
Under IRS private-foundation payout rules, The Cianci Educational Foundation reported a distributable amount of $8K for 2024 — the minimum it must pay out in qualifying distributions.
About The Cianci Educational Foundation
Based on IRS filings
The Cianci Educational Foundation is a private foundation, based in WARWICK, RI. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $146K in total assets. In 2024, it awarded 8 grants totaling $24K. Net investment income was $15K.
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $145,571 | $181,048 | $211,441 |
| Revenue | $18,927 | $15,274 | $42,445 |
| Expenses | $54,404 | $45,667 | $65,572 |
| Qualifying Distributions | $52,948 | $43,422 | $62,469 |
| Net Investment Income | $14,971 | $8,529 | $37,815 |
| Distributable Amount | $8,309 | $9,976 | $13,002 |
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
42 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Federal Hill Commerce Association ($10,000), Water Fire Providence ($5,000), Courtney True ($2,500).
| Recipient | Purpose | Amount |
|---|---|---|
| COURTNEY TRUE COVENTRY, RI | EDUCATION | $2,500 |
| FEDERAL HILL COMMERCE ASSOCIATION PROVIDENCE, RI | ECONOMIC GROWTH | $10,000 |
| VINCENT HEALEY COVENTRY, RI | EDUCATION | $1,000 |
| NICHOLAS MASSE CRANSTON, RI | EDUCATION | $1,000 |
| ANNA KELLY WAKEFIELD, RI | EDUCATION | $1,000 |
| WATER FIRE PROVIDENCE PROVIDENCE, RI | PERFORMING ARTS | $5,000 |
| ALEXANDER THIBEAULT EAST PROVIDENCE, RI | EDUCATION | $2,500 |
| COSIMA EYRE NEWPORT, RI | EDUCATION | $1,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| BRAD TURCHETTA | PRESIDENT/TREASURER/DIRECT | 5 | — |
| OLIVIA CIANCI | DIRECTOR | 0.25 | — |
| ARTIN COLOIAN | DIRECTOR | 0.25 | — |
| CAROL TURCHETTA | SECRETARY/ DIRECTOR | 0.25 | — |
Frequently Asked Questions
How large is The Cianci Educational Foundation?
As of 2024, The Cianci Educational Foundation holds $146K in total assets with $19K in annual revenue. It awarded 8 grants totaling $24K in 2024.
Where does The Cianci Educational Foundation operate?
The Cianci Educational Foundation has awarded grants in Massachusetts, New Jersey, New York, Rhode Island.
What size grants does The Cianci Educational Foundation award?
In 2024, The Cianci Educational Foundation awarded 8 grants totaling $24K — an average of about $3K per grant, based on its IRS Form 990 filings.
How much is The Cianci Educational Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, The Cianci Educational Foundation reported a distributable amount of $8K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is The Cianci Educational Foundation's EIN?
The Cianci Educational Foundation's EIN (Employer Identification Number) is 05-0461354. IRS Form 990 filing data is available on this page for 2020–2024.
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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