Washington Trust Co Charitable Fdn
The Washington Trust Charitable Foundation is a private foundation established in 1994 and located in Westerly, Rhode Island. It is a company-sponsored foundation affiliated with The Washington Trust Company. The foundation provides grants to 501(c)(3) organizations within its service area to support community development and social welfare initiatives.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$692K
-48.9% YoY
Annual Giving
$715K
+6.0% YoY
Grant Count
121
+13.1% YoY
Avg Grant Size
$6K
-6.3% YoY
Under IRS private-foundation payout rules, Washington Trust Co Charitable Fdn reported a distributable amount of $54K for 2024 — the minimum it must pay out in qualifying distributions.
Mission & Focus Areas
The foundation supports programs designed to promote:
- Affordable housing and revitalization
- Business and economic development
- Youth and family services
- Hospitals, health and human service organizations
- Museums, arts and cultural organizations
- Colleges, universities, and libraries
- Conservation and environmental groups
Grantmaking
The foundation offers several funding categories including operational support, unrestricted gifts, scholarships, and civic leadership funding.
Grant Range
$500 to $93,000
Average Grant
amount varies by program type, ranging from approximately $3,462 to $6,740
Review Cycle
October 1st for annual review in December
How to Apply
**
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Geographic Focus
Where this funder awards grants
The foundation provides grants to organizations within its market area, including:
- Rhode Island (Block Island, Charlestown, Coventry, Cranston, East Providence, Johnston, Narragansett, North Kingstown, North Providence, Rumford, Wakefield, Warwick, Westerly, Wyoming)
- Massachusetts (Braintree, Burlington, Sharon, Wellesley)
- Southeastern Connecticut (Glastonbury, Mystic, New Haven)
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
Most Recent Data (2024):
- Total assets: $692,356
- Total revenues: $53,832
- Total expenses: $715,120
- Number of employees: 0
2023 Data:
- Total assets: $1,354,532
- Total giving: $674,597
- Total revenue: $1,070,438
- Total expenses: $677,923
- Giving rate: 58.2%
Grant Activity:
- 169 grants awarded (2023 data)
- 87 grants made in most recent year for operational purposes and youth outreach
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $692,356 | $1,354,532 | $961,885 |
| Revenue | $53,832 | $1,070,438 | $861,753 |
| Expenses | $715,120 | $677,923 | $589,660 |
| Qualifying Distributions | $714,954 | $674,647 | $582,885 |
| Net Investment Income | $51,981 | $70,222 | $261,654 |
| Distributable Amount | $54,486 | $37,650 | $33,709 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
Grant Size Distribution
250 grants across all recorded years
Open Grants
2 open opportunities from Washington Trust Co Charitable Fdn
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include United Way of Rhode Island Inc ($61,000), Ocean Community YMCA ($33,000), SWAP Stop Wasting Abandoned Properties ($20,000).
| Recipient | Purpose | Amount |
|---|---|---|
| FamilyAid Boston Inc Boston, MA | OPERATIONAL | $1,000 |
| Greater Boston Food Bank Inc Boston, MA | OPERATIONAL | $109 |
| Health and Social Services Consortium Walpole, MA | OPERATIONAL | $1,000 |
| People Helping People Inc Burlington, MA | OPERATIONAL | $1,000 |
| Bryant University Smithfield, RI | SCHOLARSHIPS | $5,000 |
| Federal Hill House Association Inc Providence, RI | OPERATIONAL | $3,500 |
| Greater Providence YMCA Providence, RI | OPERATIONAL | $10,000 |
| Dorcas International Institute of Rhode Providence, RI | OPERATIONAL | $1,000 |
| Boys & Girls Club of Providence Westerly, RI | OPERATIONAL | $10,000 |
| Providence College Providence, RI | EDUCATIONAL SERVICES | $5,000 |
Leadership & Key People
Leadership team and compensation from IRS filings
- Dennis Algiere — Executive Vice President, Chief Compliance Officer and Director of Community Affairs (primary contact for charitable requests)
- The Washington Trust Company — Listed as trustee
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| The Washington Trust Company | Trustee | 2 | — |
Recent News & Activity
Recent developments and announcements
The foundation has demonstrated consistent community engagement through various grant announcements and initiatives:
Delivered $75,000 to nonprofit partners chosen by new account holders
Washington Trust | Washington Trust delivers $75,000 to nonprofit\u2026Marked 25 years of holiday giving with $25,000 in grants
Washington Trust | Washington Trust marks 25 years of holiday giving\u2026Announced $125,000 charitable donation to support the City of Central Falls El Centro Initiative
Washington Trust | Washington Trust Announces $125,000 Charitable\u2026Donated $122,000 to housing organizations in Rhode Island
Supported 40 local organizations during the holiday season
Washington Trust Supports 40 Local Organizations During Holiday Season**Recent Major Grantees (2024):**
United Way of Rhode Island: $61,000 (operations)
Local Initiatives Support Corporation: $50,000 (operations)
Washington Trust Supports 40 Local Organizations During Holiday SeasonSan Miguel Education Center: $50,000 (operational)
Frequently Asked Questions
What does Washington Trust Co Charitable Fdn fund?
The foundation supports programs designed to promote: • Affordable housing and revitalization • Business and economic development • Youth and family services • Hospitals, health and human service organizations • Museums, arts and cultural organizations • Colleges, universities, and libraries • Conservation and environmental groups
How do I apply for a grant from Washington Trust Co Charitable Fdn?
**Grant Characteristics:** • Grant range: $500 to $93,000 • Median grant amount: $5,000 • Average grant amount varies by program type, ranging from approximately $3,462 to $6,740 • Multi-year grants are considered for capital funding (building or repair of facilities), capital campaigns, and specific projects **Grant Programs:** The foundation offers several funding categories including operational support, unrestricted gifts, scholarships, and civic leadership funding. **Scholarship Program:**…
Where does Washington Trust Co Charitable Fdn make grants?
The foundation provides grants to organizations within its market area, including: • Rhode Island (Block Island, Charlestown, Coventry, Cranston, East Providence, Johnston, Narragansett, North Kingstown, North Providence, Rumford, Wakefield, Warwick, Westerly, Wyoming) • Massachusetts (Braintree, Burlington, Sharon, Wellesley) • Southeastern Connecticut (Glastonbury, Mystic, New Haven)
What size grants does Washington Trust Co Charitable Fdn award?
In 2024, Washington Trust Co Charitable Fdn awarded 121 grants totaling $715K — an average of about $6K per grant, based on its IRS Form 990 filings.
How much is Washington Trust Co Charitable Fdn required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Washington Trust Co Charitable Fdn reported a distributable amount of $54K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Washington Trust Co Charitable Fdn's EIN?
Washington Trust Co Charitable Fdn's EIN (Employer Identification Number) is 05-0477294. IRS Form 990 filing data is available on this page for 2020–2024.
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Data last updated June 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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