The Lucy C Ayers Memorial Foundation
The Lucy C Ayers Memorial Foundation is a private foundation, based in Westerly, RI. IRS filing data is available from 2019 through 2025. As of 2025, the organization holds $735K in total assets. In 2025, it made $5K in qualifying distributions. Net investment income was $18K.
The Lucy C Ayers Memorial Foundation at a glance
- Total assets
- $734,929
- +2.0% vs 2024
- Revenue (2025)
- $25,003
- -40.2% vs 2024
- Qualifying distributions (2025)
- $5,122
- -89.2% vs 2024
- Expenses (2025)
- $13,403
- -75.8% vs 2024
- Latest 990 filing
- Form 990-PF, 2025 View filing
Data from IRS Form 990-PF, 2025; updated September 2026.
Who The Lucy C Ayers Memorial Foundation funds
How this funder distributes its grants
Grant Size Distribution
19 grants across all recorded years
The most common grant size was under $50K: 19 grants of 19 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
How The Lucy C Ayers Memorial Foundation gives
- Giving held roughly steady from 2021 to 2024 (+0%). Method
- In 2025 it paid out 11% 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.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2019 to 2024, annual grant giving ranged from $37K (2019) to $48K (2022). In 2024 it made 5 grants totaling $43K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Rhode Island College Providence, RI | Nursing Program | $17,005 |
| 1 individual scholarship Recipients not named | — | $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 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Net Investment Income | Distributable Amount |
|---|---|---|---|---|---|---|---|---|
| 2025 | $734,929 | $25,003 | $13,403 | — | — | $5,122 | $17,738 | $48,444 |
| 2024 | $720,665 | $41,844 | $55,426 | $42,513 | 5 | $47,427 | $34,425 | $45,303 |
| 2023 | $731,940 | $72,315 | $49,396 | $38,271 | 5 | $42,688 | $40,556 | $38,405 |
| 2022 | $709,065 | $46,453 | $61,671 | $47,830 | 5 | $52,422 | $39,214 | $39,358 |
| 2021 | $724,555 | $89,875 | $55,448 | $42,589 | 4 | $47,591 | $82,075 | $44,594 |
| 2020 | $690,395 | $14,627 | $54,780 | $42,602 | 5 | — | $7,164 | $39,955 |
| 2019 | $730,226 | $97,606 | $48,083 | $36,796 | 4 | — | $88,905 | $38,641 |
Under IRS private-foundation payout rules, The Lucy C Ayers Memorial Foundation reported a distributable amount of $48K for 2025 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
The Lucy C Ayers Memorial Foundation's only listed officer is The Washington Trust Company, Trustee on every filing since 2019 (compensated).
Officers on the 2025 filing
The Washington Trust Company
Trustee
On filings since 2019
1 hr/week
$10K (2019) → $12K (2025)
Data from IRS Form 990 filings, 2019–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Compensation Overview
From 2025 IRS filing
The highest reported compensation on the 2025 filing was $12K, to The Washington Trust Company (Trustee).
Frequently asked questions about The Lucy C Ayers Memorial Foundation
How large is The Lucy C Ayers Memorial Foundation?
The Lucy C Ayers Memorial Foundation reported $735K in total assets on its 2025 IRS Form 990-PF. It paid out $5K in qualifying distributions that year, against a required minimum of $48K (roughly 5% of its investment assets). Falling short in one year is not a violation: foundations have until the end of the next year to meet the minimum.
Where does The Lucy C Ayers Memorial Foundation operate?
The Lucy C Ayers Memorial Foundation has awarded grants in Rhode Island.
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 2019–2025.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(3)
When this profile's IRS filing data changed on Grantable
- Added Form 990-PF for fiscal year 2019 (received by the IRS June 26, 2020)
- Added Form 990-PF for fiscal year 2025 (received by the IRS May 1, 2026)
- IRS filings on file for fiscal years 2020–2024
Live grants for the work The Lucy C Ayers Memorial Foundation funds
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