The Cianci Educational Foundation

Foundation · Grantmaker Warwick, RI EIN: 05-0461354

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.

Key facts about The Cianci Educational Foundation

EIN: 05-0461354
Latest 990 filing: Form 990-PF, 2024
Annual giving (2024): $24,000
Grants made (2024): 8
Average grant: $3,000
Median grant: $1,750
Total assets: $145,571
Primary geography: Rhode Island (100% of itemized 2024 grant dollars)

Data from IRS Form 990-PF, 2024; updated September 2026.

Who The Cianci Educational Foundation funds

By grant dollars, the top recipient states for The Cianci Educational Foundation's 8 itemized 2024 grants were Rhode Island (100%). The most frequent recipient cities were Providence, RI (2 grants) and Coventry, RI (2 grants). None of its 8 grants with a stated purpose were described as general or operating support. Recurring purposes include "Education" (6 grants).

How The Cianci Educational Foundation gives

Giving held roughly steady from 2021 to 2024 (+7%). Method
In 2024 it paid out 637% of its IRS minimum distribution (the 5% rule). Method

From the foundation's IRS Form 990-PF filings. Methodology.

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Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$146K

-19.6% YoY

Annual Giving

$24K

+65.5% YoY

Grant Count

+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

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

Rhode Island $24K (100%)

Share of all 8 itemized 2024 grant dollars.

States

Massachusetts New Jersey New York Rhode Island

Cities

ProvidenceCranstonPawtucketCoventryWakefieldAlbionEast GreenwichEast ProvidenceFall RiverJohnstonLincolnMontclairNewportNorth KingstownNorth ScituateNorth SmithfieldPortsmouthQueensWarwickWest Warwick

Financial History

Multi-year comparison from IRS filings

Revenue

Expenses

Qualifying Distributions

Net Investment Income

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

Data update history

When this profile's IRS filing data changed on Grantable

February 28, 2026 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 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 recipients include Federal Hill Commerce Association ($10,000), Water Fire Providence ($5,000), Courtney True ($2,500).

Recipient	Purpose	Amount
FEDERAL HILL COMMERCE ASSOCIATION Providence, RI	ECONOMIC GROWTH	$10,000
WATER FIRE PROVIDENCE Providence, RI	PERFORMING ARTS	$5,000
COURTNEY TRUE Coventry, RI	EDUCATION	$2,500
ALEXANDER THIBEAULT East Providence, RI	EDUCATION	$2,500
VINCENT HEALEY Coventry, RI	EDUCATION	$1,000
NICHOLAS MASSE Cranston, RI	EDUCATION	$1,000
ANNA KELLY Wakefield, RI	EDUCATION	$1,000
COSIMA EYRE Newport, RI	EDUCATION	$1,000

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
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.