The R D La Penta Medical Scholarship Trust
The R D La Penta Medical Scholarship Trust is a private foundation, based in Johnston, RI. IRS filing data is available from 2020 through 2025. As of 2025, the organization holds $7.5M in total assets. In 2025, it awarded 1 grant totaling $348K. Net investment income was $574K.
Key facts about The R D La Penta Medical Scholarship Trust
In short: The R D La Penta Medical Scholarship Trust gave $348K across 1 grant in 2025 (avg $348K), mostly in New Hampshire. Source: 2025 IRS Form 990-PF.
- EIN
- 26-6218956
- Latest 990 filing
- Form 990-PF, 2025
- Annual giving (2025)
- $347,893
- Grants made (2025)
- 1
- Average grant
- $347,893
- Median grant
- $347,893
- Total assets
- $7,528,293
- Primary geography
- New Hampshire (100% of itemized 2025 grant dollars)
Data from IRS Form 990-PF, 2025; updated September 2026.
Financial Overview
From 2025 IRS Form 990-PF · View filing
Total Assets
$7.5M
+2.3% YoY
Annual Giving
$348K
-18.0% YoY
Grant Count
1
+0.0% YoY
Avg Grant Size
$348K
-18.0% YoY
Under IRS private-foundation payout rules, The R D La Penta Medical Scholarship Trust reported a distributable amount of $448K for 2025 — the minimum it must pay out in qualifying distributions.
How The R D La Penta Medical Scholarship Trust gives
- Giving fell 30% from 2022 to 2025. Method
- In 2025 it paid out 90% 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.
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of the 2025 grant dollars on its one itemized grant.
States
Cities
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2025, annual grant giving ranged from $348K (2025) to $494K (2022). In 2025 it made 1 grant totaling $348K.
Grant Insights
How this funder distributes its grants
Top Recipients
Top recipient in 2025
The largest 2025 recipient was New Hampshire Charitable Foundation ($348K).
Grant Size Distribution
5 grants across all recorded years
The most common grant size was in the $250–500K range: 5 grants of 5 (100%).
Giving History
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| New Hampshire Charitable Foundation Concord, NH | Medical Scholarship | $347,893 |
Financial History
Multi-year comparison from IRS filings
| Metric | 2025 | 2024 | 2023 |
|---|---|---|---|
| Total Assets | $7,528,293 | $7,356,116 | $7,293,494 |
| Revenue | $630,467 | $603,217 | $672,936 |
| Expenses | $468,287 | $543,802 | $510,883 |
| Qualifying Distributions | $402,678 | $484,697 | $446,387 |
| Net Investment Income | $573,564 | $547,991 | $626,469 |
| Distributable Amount | $448,326 | $428,542 | $392,277 |
Data update history
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2020 (received by the IRS May 6, 2021)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS May 12, 2022)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS May 11, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS April 30, 2024)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS April 29, 2025)
- Added Form 990-PF for fiscal year 2025 (received by the IRS May 8, 2026)
Leadership & Key People
Officers and directors from IRS filings
The R D La Penta Medical Scholarship Trust's only listed officer is Citizens Bank N A, Trustee on every filing since 2020 (compensated).
Officers on the 2025 filing
Citizens Bank N A
Trustee
On filings since 2020
5 hrs/week
$50K (2020) → $48K (2025)
Data from IRS Form 990 filings, 2020–2025. "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 $48K, to Citizens Bank N a (Trustee).
Frequently asked questions about The R D La Penta Medical Scholarship Trust
How much does The R D La Penta Medical Scholarship Trust give each year?
The R D La Penta Medical Scholarship Trust gave $348K across 1 grant in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $424K across 1 grant.
How large is The R D La Penta Medical Scholarship Trust?
The R D La Penta Medical Scholarship Trust reported $7.5M in total assets on its 2025 IRS Form 990-PF. It paid out $403K in qualifying distributions that year, against a required minimum of $448K (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 R D La Penta Medical Scholarship Trust operate?
The R D La Penta Medical Scholarship Trust has awarded grants in New Hampshire.
What is The R D La Penta Medical Scholarship Trust's EIN?
The R D La Penta Medical Scholarship Trust's EIN (Employer Identification Number) is 26-6218956. IRS Form 990 filing data is available on this page for 2020–2025.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Here's the math on researching The R D La Penta Medical Scholarship Trust by hand.
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