The Lucy C Ayers Memorial Foundation
The Lucy C Ayers Memorial Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in WESTERLY, RI. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $721K in total assets. In 2024, it awarded 5 grants totaling $43K. Net investment income was $34K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$721K
-1.5% YoY
Annual Giving
$43K
+11.1% YoY
Grant Count
5
+0.0% YoY
Avg Grant Size
$9K
+11.1% YoY
Under IRS private-foundation payout rules, The Lucy C Ayers Memorial Foundation reported a distributable amount of $45K for 2024 — the minimum it must pay out in qualifying distributions.
About The Lucy C Ayers Memorial Foundation
Based on IRS filings
The Lucy C Ayers Memorial Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in WESTERLY, RI. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $721K in total assets. In 2024, it awarded 5 grants totaling $43K. Net investment income was $34K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $720,665 | $731,940 | $709,065 |
| Revenue | $41,844 | $72,315 | $46,453 |
| Expenses | $55,426 | $49,396 | $61,671 |
| Qualifying Distributions | $47,427 | $42,688 | $52,422 |
| Net Investment Income | $34,425 | $40,556 | $39,214 |
| Distributable Amount | $45,303 | $38,405 | $39,358 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 5 recipients in 2024
Grant Size Distribution
24 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Rhode Island College ($17,005), Rhode Island College School of Nursing ($11,904), Salve Regina University ($10,203).
| Recipient | Purpose | Amount |
|---|---|---|
| Salve Regina University Newport, RI | NURSING PROGRAM | $10,203 |
| New England Institute of Technology East Greenwich, RI | NURSING PROGRAM | $850 |
| COMMUNITY COLLEGE OF RHODE ISLAND WARWICK, RI | NURSING PROGRAM | $2,551 |
| RHODE ISLAND COLLEGE PROVIDENCE, RI | NURSING PROGRAM | $17,005 |
| Rhode Island College School of Nursing Providence, RI | SCHOLARSHIP GRANTS | $11,904 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| The Washington Trust Company | Trustee | 1 | $10,991 |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is The Lucy C Ayers Memorial Foundation?
The Lucy C Ayers Memorial Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in WESTERLY, RI. It holds $721K in total assets as of 2024.
How large is The Lucy C Ayers Memorial Foundation?
As of 2024, The Lucy C Ayers Memorial Foundation holds $721K in total assets with $42K in annual revenue. It awarded 5 grants totaling $43K in 2024.
Where does The Lucy C Ayers Memorial Foundation operate?
The Lucy C Ayers Memorial Foundation has awarded grants in Rhode Island.
What size grants does The Lucy C Ayers Memorial Foundation award?
In 2024, The Lucy C Ayers Memorial Foundation awarded 5 grants totaling $43K — an average of about $9K per grant, based on its IRS Form 990 filings.
How much is The Lucy C Ayers Memorial Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, The Lucy C Ayers Memorial Foundation reported a distributable amount of $45K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is The Lucy C Ayers Memorial Foundation's EIN?
The Lucy C Ayers Memorial Foundation's EIN (Employer Identification Number) is 46-4326190. 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.