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.
The R D La Penta Medical Scholarship Trust at a glance
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.
- Annual giving (2025)
- $347,893
- -18.0% vs 2024
- Grants made (2025)
- 1
- +0.0% vs 2024
- Average grant
- $347,893
- -18.0% vs 2024
- Median grant
- $347,893
- Total assets
- $7,528,293
- +2.3% vs 2024
- Primary geography
- New Hampshire (100% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990-PF, 2025 View filing
Data from IRS Form 990-PF, 2025; updated September 2026.
Who The R D La Penta Medical Scholarship Trust funds
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%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of the 2025 grant dollars on its one itemized grant.
States
Cities
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.
Giving History
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.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| New Hampshire Charitable Foundation Concord, NH | Medical Scholarship | $347,893 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Net Investment Income | Distributable Amount |
|---|---|---|---|---|---|---|---|---|
| 2025 | $7,528,293 | $630,467 | $468,287 | $347,893 | 1 | $402,678 | $573,564 | $448,326 |
| 2024 | $7,356,116 | $603,217 | $543,802 | $424,118 | 1 | $484,697 | $547,991 | $428,542 |
| 2023 | $7,293,494 | $672,936 | $510,883 | $390,307 | 1 | $446,387 | $626,469 | $392,277 |
| 2022 | $7,115,353 | $865,575 | $630,867 | $494,044 | 1 | $559,981 | $817,176 | $400,822 |
| 2021 | $6,877,334 | $785,928 | $575,735 | $451,325 | 1 | $515,647 | $729,647 | $458,166 |
| 2020 | $6,660,347 | $310,357 | $551,366 | $425,624 | 1 | — | $259,476 | $406,926 |
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.
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.
Data update history
(6)
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)
Live grants for the work The R D La Penta Medical Scholarship Trust funds
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