The Lucy C Ayers Memorial Foundation

Foundation · Grantmaker Westerly, RI EIN: 46-4326190

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.

Key facts about The Lucy C Ayers Memorial Foundation

EIN: 46-4326190
Latest 990 filing: Form 990-PF, 2024
Annual giving (2024): $42,513
Grants made (2024): 5
Average grant: $8,503
Median grant: $10,203
Total assets: $720,665
Primary geography: Rhode Island (100% of itemized 2024 grant dollars)

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

Who The Lucy C Ayers Memorial Foundation funds

By grant dollars, the top recipient states for The Lucy C Ayers Memorial Foundation's 5 itemized 2024 grants were Rhode Island (100%). The most frequent recipient cities were Providence, RI (2 grants). None of its 5 grants with a stated purpose were described as general or operating support. Recurring purposes include "Nursing Program" (4 grants).

How The Lucy C Ayers Memorial Foundation gives

Giving held roughly steady from 2021 to 2024 (+0%). Method
In 2024 it paid out 105% of its IRS minimum distribution (the 5% rule). Method

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

Next steps with The Lucy C Ayers Memorial Foundation

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Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$721K

-1.5% YoY

Annual Giving

$43K

+11.1% YoY

Grant Count

+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

Focus Areas

Philanthropy, Voluntarism & Grantmaking

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

Rhode Island $43K (100%)

Share of all 5 itemized 2024 grant dollars.

States

Rhode Island

Cities

ProvidenceEast GreenwichNewportKingstonWarwick

Financial History

Multi-year comparison from IRS filings

Revenue

Expenses

Qualifying Distributions

Net Investment Income

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

Data update history

When this profile's IRS filing data changed on Grantable

March 2, 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 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 recipients include Rhode Island College ($17,005), Rhode Island College School of Nursing ($11,904), Salve Regina University ($10,203).

Recipient	Purpose	Amount
RHODE ISLAND COLLEGE Providence, RI	NURSING PROGRAM	$17,005
Rhode Island College School of Nursing Providence, RI	SCHOLARSHIP GRANTS	$11,904
Salve Regina University Newport, RI	NURSING PROGRAM	$10,203
COMMUNITY COLLEGE OF RHODE ISLAND Warwick, RI	NURSING PROGRAM	$2,551
New England Institute of Technology East Greenwich, RI	NURSING PROGRAM	$850

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

From 2024 IRS filing

Name	Title	Hours	Compensation
The Washington Trust Company	Trustee	1	$10,991

Subject Areas

Focus areas based on grantmaking activity

Philanthropy, Voluntarism & Grantmaking

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.