Washington Trust Co Charitable Fdn
Washington Trust Co Charitable Fdn is a private foundation based in Westerly, Rhode Island. It provides grants to 501(c)(3) organizations in its stated market area of Rhode Island, Massachusetts, and southeastern Connecticut.
Key facts about Washington Trust Co Charitable Fdn
In short: Washington Trust Co Charitable Fdn gave $832K across 138 grants in 2025 (avg $6K), mostly in Rhode Island. 37% of 2025 grantees were new. Source: 2025 IRS Form 990-PF.
- EIN
- 05-0477294
- Latest 990 filing
- Form 990-PF, 2025
- Annual giving (2025)
- $832,005
- Grants made (2025)
- 138
- Average grant
- $6,029
- Median grant
- $2,500
- New grantees (estimate)
- 37% first-time grantees (51 of 138, 2025)
- Total assets
- $1,102,735
- Primary geography
- Rhode Island (92% of itemized 2025 grant dollars)
- How to apply
- Submit a letter outlining the request. Full details ↓
- Deadline
- October 1 each year.
Data from IRS Form 990-PF, 2025; updated September 2026. New grantees are estimated by matching recipient names across years (methodology). Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.
Financial Overview
From 2025 IRS Form 990-PF · View filing
Total Assets
$1.1M
+59.3% YoY
Annual Giving
$832K
+16.4% YoY
Grant Count
138
+14.0% YoY
Avg Grant Size
$6K
+2.0% YoY
Under IRS private-foundation payout rules, Washington Trust Co Charitable Fdn reported a distributable amount of $19K for 2025 — the minimum it must pay out in qualifying distributions.
Is Washington Trust Co Charitable Fdn open to new grantees?
37%
first-time grantees, 2025
In 2025, 51 of 138 grantees (37%) were first-time recipients. First grants averaged $3K; repeat grants $8K. How we count
Medians: $2K first-time, $3K repeat.
- 54% of 2025 grantees were also funded in 2024. Method
- Giving grew 43% from 2022 to 2025. Method
- In 2025 it paid out well above its IRS minimum distribution (the 5% rule). Method
Estimate from itemized grant lists in IRS Form 990-PF filings (2019–2025). Recipient names are matched across years, so a renamed or misspelled grantee can look new; grants to individuals are left out. Methodology.
Mission & Focus Areas
The foundation’s website does not state a formal mission. Its grantmaking considerations include affordable housing and revitalization; business and economic development; youth and family services; hospitals and health and human service organizations; museums and arts and cultural organizations; colleges, universities, and libraries; and conservation and environmental groups.
Examples of supported organizations illustrate the range of its grants. United Way of Rhode Island describes its mission as uniting community and resources to build racial equity and opportunities for Rhode Islanders. The Rhode Island Community Food Bank says it works to improve quality of life by advancing solutions to hunger. Olneyville Housing Corporation, which identifies as One Neighborhood Builders, describes its work as promoting equity, public health, and community safety through affordable housing and related community development.
The foundation also provides scholarship funds to Providence College, Bryant University, the University of Rhode Island, and Gateway Community College for students with demonstrated financial need who have been admitted and committed to attending one of those institutions.
Grantmaking
In 2025, the foundation reported 138 grants totaling $832,005. Grants ranged from $250 to $61,000, with a median of $2,500. Its largest 2025 grants included $61,000 to United Way of Rhode Island, $50,000 to the Town of Westerly for the Westerly Ice Rink, $40,000 to Local Initiatives Support Corporation, $30,000 to Community College of Rhode Island, and $28,700 to the Rhode Island Community Food Bank. The filing lists the purposes of most of these as unrestricted gifts.
Review Cycle
October 1 each year. Proposals are reviewed in December, with decisions communicated in January. The next round is scheduled to begin accepting proposals in early August 2026.
How to Apply
Submit a letter outlining the request. The foundation states that awards have no restrictions and that giving is not limited to preselected organizations.
Open Grants
2 open opportunities from Washington Trust Co Charitable Fdn
Ready to take the next step with Washington Trust Co Charitable Fdn?
Geographic Focus
Where this funder awards grants
The foundation’s stated market area is Rhode Island, Massachusetts, and southeastern Connecticut. Its 2025 grant dollars went primarily to Rhode Island recipients (92%); 5% went to New York, and 1% each to Connecticut, Massachusetts, and Virginia.
Grant Distribution by State
Share of 2025 grant dollars across all 138 itemized grants.
States
Cities
Giving Over Time
Total grant dollars and number of grants per year
From 2019 to 2025, annual grant giving ranged from $469K (2020) to $832K (2025). In 2025 it made 138 grants totaling $832K.
Grant Insights
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2025
The largest 2025 recipient was United Way of Rhode Island ($61K). Together the top 10 received $315K.
Grant Size Distribution
531 grants across all recorded years
The most common grant size was under $50K: 514 grants of 531 (97%).
Giving History
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| United Way of Rhode Island Providence, RI | Unrestricted Gift | $61,000 |
| Town of Westerly Westerly, RI | Westerly Ice Rink | $50,000 |
| Local Initiatives Support Corporation New York, NY | Unrestricted Gift | $40,000 |
| Community College of Rhode Island Warwick, RI | Unrestricted Gift | $30,000 |
| Rhode Island Community Food Bank Providence, RI | Unrestricted Gift | $28,700 |
| City of Central Falls Central Falls, RI | Unrestricted Gift | $25,000 |
| Ocean Community YMCA Westerly, RI | Unrestricted Gift | $20,000 |
| Olneyville Housing Corp Providence, RI | Unrestricted Gift | $20,000 |
| Swap Stop Wasting Abandond Properties Providence, RI | Unrestricted Gift | $20,000 |
| The Woonsocket Neighborhood Development Woonsocket, RI | Unrestricted Gift | $20,000 |
Financial History
Multi-year comparison from IRS filings
| Filing year | Grant total | Number of grants |
|---|---|---|
| 2025 | $832,005 | 138 |
| 2024 | $714,904 | 121 |
| 2023 | $674,597 | 107 |
| Metric | 2025 | 2024 | 2023 |
|---|---|---|---|
| Total Assets | $1,102,735 | $692,356 | $1,354,532 |
| Revenue | $1,243,416 | $53,832 | $1,070,438 |
| Expenses | $833,855 | $715,120 | $677,923 |
| Qualifying Distributions | $833,255 | $714,954 | $674,647 |
| Net Investment Income | $243,286 | $51,981 | $70,222 |
| Distributable Amount | $18,581 | $54,486 | $37,650 |
Data update history
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2024 (received by the IRS May 5, 2025)
- Updated Form 990-PF for fiscal year 2025 (received by the IRS May 15, 2026)
- Added Form 990-PF for fiscal year 2019 (received by the IRS June 26, 2020)
- Updated Form 990-PF for fiscal year 2020 (received by the IRS May 13, 2021)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS May 10, 2022)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS May 12, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS April 30, 2024)
Leadership & Key People
Leadership team and compensation from IRS filings
The Washington Trust Company is listed as trustee on the 2025 filing.
Washington Trust Co Charitable Fdn's only listed officer is The Washington Trust Company, Trustee on every filing since 2019 (uncompensated).
Officers on the 2025 filing
The Washington Trust Company
Trustee
On filings since 2019
2 hrs/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.
Contact
Application contact: Dennis L Algiere
Mailing address: 23 Broad Street, Westerly, RI 02891
Phone: (401) 348-1207
Website: https://washtrust.com
Frequently asked questions about Washington Trust Co Charitable Fdn
How much does Washington Trust Co Charitable Fdn give each year?
Washington Trust Co Charitable Fdn gave $832K across 138 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $715K across 121 grants.
What is Washington Trust Co Charitable Fdn's typical grant size?
Washington Trust Co Charitable Fdn's median grant in 2025 was $2,500, and its average grant was $6,029, across 138 grants on its 2025 IRS Form 990-PF. Organizations receiving their first grant from Washington Trust Co Charitable Fdn that year got $3K on average.
Where does Washington Trust Co Charitable Fdn give grants?
Washington Trust Co Charitable Fdn gives mostly in Rhode Island: 92% of the grant dollars itemized on its 2025 IRS Form 990-PF went to recipients there. The next largest state was New York (5%). The most frequent recipient cities were Providence, RI (44 grants), Westerly, RI (21 grants), Pawtucket, RI (8 grants) and Warwick, RI (5 grants).
Does Washington Trust Co Charitable Fdn give general operating support?
Yes: 99% of Washington Trust Co Charitable Fdn's 2025 grants with a stated purpose (136 of 138) were for general or operating support, per its 2025 IRS Form 990-PF.
Who are Washington Trust Co Charitable Fdn's largest grantees?
Washington Trust Co Charitable Fdn's largest 2025 grantees include United Way of Rhode Island ($61,000), Town of Westerly ($50,000) and Local Initiatives Support Corporation ($40,000), according to its 2025 IRS Form 990-PF. Together they received 18% of its itemized 2025 grant dollars.
How large is Washington Trust Co Charitable Fdn?
Washington Trust Co Charitable Fdn reported $1.1M in total assets on its 2025 IRS Form 990-PF. It paid out $833K in qualifying distributions that year, against a required minimum of $19K (roughly 5% of its investment assets).
What does Washington Trust Co Charitable Fdn fund?
The foundation’s website does not state a formal mission. See mission & focus areas ↑
How do I apply for a grant from Washington Trust Co Charitable Fdn?
Submit a letter outlining the request. Eligibility and process details are in the grantmaking section of this profile. See how to apply ↑
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 2019–2025.
Data last updated September 2026. Sourced from IRS Form 990-PF filings. Research dossier generated September 2026.
Here's the math on researching Washington Trust Co Charitable Fdn by hand.
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