The R D La Penta Medical Scholarship Trust

Private foundation · Grantmaker Johnston, RI EIN: 26-6218956

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.

Your AI grants department

Ready to take the next step with The R D La Penta Medical Scholarship Trust?

Fully replaces Grant database subscriptions Instrumentl · Foundation Directory · GrantStation & similar

Geographic Focus

Where this funder awards grants

Grant Distribution by State

1state

Share of the 2025 grant dollars on its one itemized grant.

Cities

Concord

Giving Over Time

Total grant dollars and number of grants per year

$0$200K$400K$600K1 grant2020 1 grant2021 1 grant2022 1 grant2023 1 grant2024 1 grant2025

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

New Hampshire Charitable Foundation: $348KNew Hampshire CharitableFoundation$348K

The largest 2025 recipient was New Hampshire Charitable Foundation ($348K).

Grant Size Distribution

5 grants across all recorded years

<$50K$50–100K$100–250K5$250–500K$500K–1M$1–5M$5M+

The most common grant size was in the $250–500K range: 5 grants of 5 (100%).

Giving History

Grant recipients and amounts by year

RecipientPurposeAmount
New Hampshire Charitable Foundation Concord, NHMedical Scholarship$347,893

Financial History

Multi-year comparison from IRS filings

Revenue
Expenses
Qualifying Distributions
Net Investment Income
$0$250K$500K$750K$1M2020 2021 2022 2023 2024 2025
Metric202520242023
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

  1. Updated Form 990-PF for fiscal year 2020 (received by the IRS May 6, 2021)
  2. Updated Form 990-PF for fiscal year 2021 (received by the IRS May 12, 2022)
  3. Updated Form 990-PF for fiscal year 2022 (received by the IRS May 11, 2023)
  4. Updated Form 990-PF for fiscal year 2023 (received by the IRS April 30, 2024)
  5. Updated Form 990-PF for fiscal year 2024 (received by the IRS April 29, 2025)
  6. 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

Citizens Bank N a — Trustee: $48KCitizens Bank N aTrustee$48K

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.

Your AI grants department

Here's the math on researching The R D La Penta Medical Scholarship Trust by hand.

Explore Open Grants

Browse active grant opportunities in The R D La Penta Medical Scholarship Trust's focus areas in our free grants database

Similar Funders

Funders with grantees in common, and similar funders in Rhode Island

Frank M and Olive F Gilman Foundation

West Lebanon, NH

Assets

$33.8M

Grants

2

Total Given

$2.1M

Henry C Lord Scholarship FD

Johnston, RI

Assets

$10.8M

Grants

1

Total Given

$614K

Community Foundation for Palm Beach and Martin Counties Inc

West Palm Beach, FL

The Foundation funds nonprofits serving Palm Beach and Martin Counties, or projects that directly benefit residents there, in areas including education and youth, economic opportunity, thriving communities, capacity building, and crisis preparation and response. Its FY25 competitive grants averaged about $37,000, with a median of $30,000; awards ranged from $5,397 to $1.1 million. It accepts year-round requests starting with a Letter of Inquiry, and may invite selected applicants to submit a full proposal.

Philanthropy, Voluntarism & Grantmaking

Assets

$293.4M

Grants

421

Total Given

$26.5M

The Topfield Foundation Inc

Cold Spring, NY

The Topfield Foundation funds charitable organizations, with recent grants supporting trail conservation and reproductive health in New York and New Jersey. Its 2025 grants ranged from $1,000 to $2,500, typically $1,000. It gives only to preselected organizations and does not accept unsolicited requests.

Human Services

Assets

$1K

Grants

3

Total Given

$5K

Lovett-Woodsum Foundation Inc

Boston, MA

The foundation supports a range of charitable organizations, including those in education and career development, the arts, animal welfare, family support, conservation, and ecology. Its 2024 grants had a median of $8,000 and ranged from $7 to $400,000; most funding went to Massachusetts, followed by New Hampshire. It gives only to preselected organizations and does not accept unsolicited requests.

Assets

$87.6M

Grants

85

Total Given

$1.9M

Scholarship America Inc

Minneapolis, MN

Scholarship America supports scholarships and academic services that help students pursue postsecondary education, primarily through local Dollars for Scholars affiliates. Its 2024 grants ranged from $5,545 to $168,687, with a median of $28,500, and went chiefly to recipients in Minnesota, New Hampshire, Indiana, Washington, and Iowa. The profile does not state whether it accepts unsolicited requests.

Assets

$277.3M

Grants

17

Total Given

$681K

The Arthur M Blank Family Foundation

Atlanta, GA

The Arthur M. Blank Family Foundation funds work in Atlanta’s Westside, democracy, the environment, mental health and well-being, youth development, and founder initiatives, with a focus on Georgia and Montana and some national impact. In 2024, grants ranged from $500 to $20 million, with a median of $50,000. It makes grants by invitation and does not accept unsolicited requests.

Philanthropy, Voluntarism & Grantmaking

Assets

$466.3M

Grants

586

Total Given

$212.1M

California Healthcare Foundation

Oakland, CA

The California Health Care Foundation funds California-focused projects that improve health care for people with low incomes and communities underserved by the system, including work on access, behavioral health, health equity, research, and policy. Its 2025 grants ranged from $5,200 to $4.1 million, with a median of $50,000. It accepts unsolicited requests by letter of inquiry, though most grants are solicited or made through competitive requests for proposals.

Assets

$765.4M

Grants

321

Total Given

$39.7M

The Skillman Foundation

Detroit, MI

The Skillman Foundation funds Detroit organizations working on education systems change, youth development, and community services that support Detroit youth. Its 2024 grants had a median of $10,000 and ranged from $50 to $500,000; it generally proactively invites partnership applications, though it welcomes connections from organizations and currently accepts applications to its $2,500–$10,000 President’s Discretionary Fund.

Assets

$418.5M

Grants

416

Total Given

$17.8M

Arizona Community Foundation

Phoenix, AZ

Arizona Community Foundation funds nonprofits, schools, tribal entities, government agencies, and most religious organizations in areas including arts and culture, community development, the environment, health, and education. Its 2025 grants had a median of $17,760; most funding goes to Arizona, though it also awards grants nationally. Competitive grants require an online application during an open cycle; the profile does not state whether unsolicited requests are accepted.

Assets

$1.2B

Grants

1,174

Total Given

$92.9M

Upper Connecticut Valley Hospital

Colebrook, NH

Upper Connecticut Valley Hospital strives to improve the well-being of the rural communities it serves by promoting health and assuring access to quality care.

Assets

$45.9M

Grants

2

Total Given

$158K

The Rhode Island Community Foundation

Providence, RI

The Rhode Island Community Foundation funds nonprofits and community efforts in areas including education, arts and culture, housing, health, climate action, and economic mobility. Its 2024 grants had a median of about $23,940, with giving concentrated in Rhode Island; the profile does not state whether it accepts unsolicited requests.

Assets

$1.3B

Grants

977

Total Given

$72.0M

More Funders in Rhode Island

The R D La Penta Medical Scholarship Trust down — hundreds of funders to go?

Want AI to do this for you?