The Rev Joseph McGarry Memorial

Private foundation · Grantmaker Westerly, RI EIN: 45-5627488

The Rev Joseph McGarry Memorial is a private foundation focused on Education, based in Westerly, RI. IRS filing data is available from 2019 through 2025. As of 2025, the organization holds $1.1M in total assets. In 2025, it awarded 1 grant totaling $1. Net investment income was $79K.

Key facts about The Rev Joseph McGarry Memorial

In short: The Rev Joseph McGarry Memorial gave $1 across 1 grant in 2025 (avg $1), mostly in Rhode Island. Source: 2025 IRS Form 990-PF.

EIN
45-5627488
Latest 990 filing
Form 990-PF, 2025
Annual giving (2025)
$1
Grants made (2025)
1
Average grant
$1
Median grant
$1
Total assets
$1,140,525
Primary geography
Rhode Island (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

$1.1M

+11.4% YoY

Annual Giving

$1

-100.0% YoY

Grant Count

1

+0.0% YoY

Avg Grant Size

$1

-100.0% YoY

Under IRS private-foundation payout rules, The Rev Joseph McGarry Memorial reported a distributable amount of $52K for 2025 — the minimum it must pay out in qualifying distributions.

How The Rev Joseph McGarry Memorial gives

  • Giving fell 100% from 2022 to 2025. Method
  • In 2025 it paid out 0% 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

1state

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

States

Cities

Providence

Giving Over Time

Total grant dollars and number of grants per year

$0$20K$40K$60K1 grant2019 1 grant2020 1 grant2021 1 grant2022 1 grant2023 1 grant2024 1 grant2025

From 2019 to 2025, annual grant giving ranged from $1 (2025) to $60K (2022). In 2025 it made 1 grant totaling $1.

Grant Insights

How this funder distributes its grants

Top Recipients

Top recipient in 2025

Providence College: $1Providence College$1

The largest 2025 recipient was Providence College ($1).

Grant Size Distribution

5 grants across all recorded years

2<$50K3$50–100K$100–250K$250–500K$500K–1M$1–5M$5M+

The most common grant size was in the $50–100K range: 3 grants of 5 (60%).

Giving History

Grant recipients and amounts by year

RecipientPurposeAmount
Providence College Providence, RIScholarships$1

Financial History

Multi-year comparison from IRS filings

Revenue
Expenses
Qualifying Distributions
Net Investment Income
$0$50K$100K$150K2019 2020 2021 2022 2023 2024 2025
Metric202520242023
Total Assets$1,140,525$1,023,455$1,007,625
Revenue$121,847$61,055$41,680
Expenses$42,701$89,320$97,292
Qualifying Distributions$1$49,000$54,000
Net Investment Income$79,147$20,735—
Distributable Amount$52,188$49,727$48,276

Data update history

When this profile's IRS filing data changed on Grantable

  1. Updated Form 990-PF for fiscal year 2019 (received by the IRS September 8, 2020)
  2. Updated Form 990-PF for fiscal year 2020 (received by the IRS July 16, 2021)
  3. Updated Form 990-PF for fiscal year 2021 (received by the IRS May 13, 2022)
  4. Updated Form 990-PF for fiscal year 2022 (received by the IRS May 12, 2023)
  5. Updated Form 990-PF for fiscal year 2023 (received by the IRS September 19, 2024)
  6. Updated Form 990-PF for fiscal year 2024 (received by the IRS October 27, 2025)
  7. Added Form 990-PF for fiscal year 2025 (received by the IRS July 16, 2026)
  8. IRS filings on file for fiscal years 2019–2024

Leadership & Key People

Officers and directors from IRS filings

The Rev Joseph McGarry Memorial is led by Matthew H Thomsen, Trustee on every filing since 2019 — the only officer listed, and uncompensated.

Officers on the 2025 filing

  • Matthew H Thomsen

    Trustee

    On filings since 2019

    1 hr/week

    No compensation reported

Data from IRS Form 990 filings, 2019–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.

Frequently asked questions about The Rev Joseph McGarry Memorial

How much does The Rev Joseph McGarry Memorial give each year?

The Rev Joseph McGarry Memorial gave $1 across 1 grant in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $49K across 1 grant.

How large is The Rev Joseph McGarry Memorial?

The Rev Joseph McGarry Memorial reported $1.1M in total assets on its 2025 IRS Form 990-PF. It paid out $1 in qualifying distributions that year, against a required minimum of $52K (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.

What is The Rev Joseph McGarry Memorial?

The Rev Joseph McGarry Memorial is a private foundation focused on Education, based in Westerly, RI. It holds $1.1M in total assets as of 2025.

Where does The Rev Joseph McGarry Memorial operate?

The Rev Joseph McGarry Memorial has awarded grants in Rhode Island.

What is The Rev Joseph McGarry Memorial's EIN?

The Rev Joseph McGarry Memorial's EIN (Employer Identification Number) is 45-5627488. IRS Form 990 filing data is available on this page for 2019–2025.

Data last updated September 2026. Sourced from IRS Form 990-PF filings.

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