The Philmoney Trust is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in PROVIDENCE, RI. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $941K in total assets. In 2024, it awarded 22 grants totaling $623K. Net investment income was $785K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$941K
+25.8% YoY
Annual Giving
$623K
+105.2% YoY
Grant Count
22
+15.8% YoY
Avg Grant Size
$28K
+77.2% YoY
Under IRS private-foundation payout rules, The Philmoney Trust reported a distributable amount of $38K for 2024 — the minimum it must pay out in qualifying distributions.
About The Philmoney Trust
Based on IRS filings
The Philmoney Trust is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in PROVIDENCE, RI. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $941K in total assets. In 2024, it awarded 22 grants totaling $623K. Net investment income was $785K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $941,077 | $748,080 | $519,486 |
| Revenue | $822,269 | $659,221 | $505,448 |
| Expenses | $642,097 | $327,387 | $427,213 |
| Qualifying Distributions | $623,912 | $305,900 | $415,300 |
| Net Investment Income | $785,071 | $600,841 | $559,831 |
| Distributable Amount | $38,169 | $27,210 | $27,201 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
Grant Size Distribution
72 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Nature Cons Ri ($158,000), Boys & Girls Club of Providence ($100,000), Mt Vernon Ladies' Association ($62,250).
| Recipient | Purpose | Amount |
|---|---|---|
| CROSSROADS RHODE ISLAND PROVIDENCE, RI | CHARITY | $40,000 |
| HOLT-ELWELL MEMORIAL FOUNDATION HEBRON, NH | CHARITY | $57,500 |
| HOPE CLUB PRESERVATION FUND PROVIDENCE, RI | CHARITY | $20,000 |
| MILE OF HISTORY ASSC PROVIDENCE, RI | CHARITY | $10,000 |
| MT VERNON LADIES' ASSOCIATION MOUNT VERNON, VA | CHARITY | $62,250 |
| NATHANIEL GREENE HOMESTEAD COVENTRY, RI | CHARITY | $10,000 |
| NATURE CONS RI PROVIDENCE, RI | CHARITY | $158,000 |
| NEWPORT HISTORICAL SOCIETY NEWPORT, RI | CHARITY | $5,000 |
| PROVIDENCE PRESERVATION SOCIETY PROVIDENCE, RI | CHARITY | $5,000 |
| PROVIDENCE PUBLIC LIBRARY PROVIDENCE, RI | CHARITY | $10,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| FRANK MAURAN IV | TRUSTEE | — | — |
| ELIZABETH ROLLINS MAURAN | TRUSTEE | — | — |
| ROBERT GAUMONT | TRUSTEE | — | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is The Philmoney Trust?
The Philmoney Trust is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in PROVIDENCE, RI. It holds $941K in total assets as of 2024.
How large is The Philmoney Trust?
As of 2024, The Philmoney Trust holds $941K in total assets with $822K in annual revenue. It awarded 22 grants totaling $623K in 2024.
Where does The Philmoney Trust operate?
The Philmoney Trust has awarded grants in California, District of Columbia, Florida, Maine, New Hampshire, New York, Rhode Island, Virginia.
What size grants does The Philmoney Trust award?
In 2024, The Philmoney Trust awarded 22 grants totaling $623K — an average of about $28K per grant, based on its IRS Form 990 filings.
How much is The Philmoney Trust required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, The Philmoney Trust reported a distributable amount of $38K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is The Philmoney Trust's EIN?
The Philmoney Trust's EIN (Employer Identification Number) is 85-2964927. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in The Philmoney Trust's focus areas in our free grants database
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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