The R D La Penta Medical Scholarship Trust

JOHNSTON, RI EIN: 26-6218956

The R D La Penta Medical Scholarship Trust is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in JOHNSTON, RI. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $7.4M in total assets. In 2024, it awarded 1 grants totaling $424K. Net investment income was $548K.

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$7.4M

+0.9% YoY

Annual Giving

$424K

+8.7% YoY

Grant Count

+0.0% YoY

Avg Grant Size

$424K

+8.7% YoY

Under IRS private-foundation payout rules, The R D La Penta Medical Scholarship Trust reported a distributable amount of $429K for 2024 — the minimum it must pay out in qualifying distributions.

About The R D La Penta Medical Scholarship Trust

Based on IRS filings

Focus Areas

Philanthropy, Voluntarism & Grantmaking

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

New Hampshire $2.2M (100%)

States

New Hampshire

Cities

Concord

Financial History

Multi-year comparison from IRS filings

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2024	2023	2022
Total Assets	$7,356,116	$7,293,494	$7,115,353
Revenue	$603,217	$672,936	$865,575
Expenses	$543,802	$510,883	$630,867
Qualifying Distributions	$484,697	$446,387	$559,981
Net Investment Income	$547,991	$626,469	$817,176
Distributable Amount	$428,542	$392,277	$400,822

Giving Over Time

Total grant dollars and number of grants per year

Grant Insights

How this funder distributes its grants

Top Recipients

Top 1 recipients in 2024

Grant Size Distribution

5 grants across all recorded years

Giving History

Grant recipients and amounts by year

Among its reported 2024 grants, the largest include New Hampshire Charitable Foundation ($424,118).

Recipient	Purpose	Amount
NEW HAMPSHIRE CHARITABLE FOUNDATION CONCORD, NH	MEDICAL SCHOLARSHIP	$424,118

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

From 2024 IRS filing

From 2024 filing

Name	Title	Hours	Compensation
CITIZENS BANK N A	TRUSTEE	5	$47,067

Subject Areas

Focus areas based on grantmaking activity

Philanthropy, Voluntarism & Grantmaking

Frequently Asked Questions

What is The R D La Penta Medical Scholarship Trust?

The R D La Penta Medical Scholarship Trust is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in JOHNSTON, RI. It holds $7.4M in total assets as of 2024.

How large is The R D La Penta Medical Scholarship Trust?

As of 2024, The R D La Penta Medical Scholarship Trust holds $7.4M in total assets with $603K in annual revenue. It awarded 1 grants totaling $424K in 2024.

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 size grants does The R D La Penta Medical Scholarship Trust award?

In 2024, The R D La Penta Medical Scholarship Trust awarded 1 grants totaling $424K — an average of about $424K per grant, based on its IRS Form 990 filings.

How much is The R D La Penta Medical Scholarship Trust required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2024, The R D La Penta Medical Scholarship Trust reported a distributable amount of $429K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.

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 2020–2024.