The Lucy C Ayers Memorial Foundation

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.

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

Ready to take the next step with The Lucy C Ayers Memorial Foundation?

Assess fit for your org Draft an LOI Find open RFPs

Geographic Focus

Where this funder awards grants

Grant Distribution by State

Rhode Island $214K (100%)

States

Rhode Island

Cities

East GreenwichKingstonNewportProvidenceWarwick

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

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

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.