Mary D Chafee Fund Co Mark Chafee
The Mary Dexter Chafee Fund is a private foundation based in Little Compton, Rhode Island. Established in October 1940, it operates as a 501(c)(3) tax-exempt organization dedicated to philanthropic giving in its community.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$2.6M
+22.3% YoY
Annual Giving
$155K
-6.4% YoY
Grant Count
35
+12.9% YoY
Avg Grant Size
$4K
-17.1% YoY
Grantmaking
The Mary Dexter Chafee Fund is an active grantmaker with the following characteristics:
Grant Range
** Grants typically range from $5,000 to $10,000
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Geographic Focus
Where this funder awards grants
The foundation operates in Rhode Island, with a primary focus on Little Compton and the surrounding region.
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
As of 2024:
- Total Assets: $2.56 million
- Annual Revenue: $660,000
- Annual Expenses: $193,000
- Net Income: $466,996
- Total Liabilities: $0
As of 2023:
- Total Assets: $2.10 million
- Total Distributions: $165,539
The foundation maintains a strong financial position with significant assets relative to its annual giving, allowing for sustained philanthropic activity.
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $2,562,976 | $2,095,980 | $2,126,466 |
| Revenue | $659,555 | $185,627 | $33,668 |
| Expenses | $192,559 | $216,113 | $184,865 |
| Qualifying Distributions | $157,874 | $168,227 | $165,339 |
| Net Investment Income | $625,534 | $152,510 | $43,481 |
| Distributable Amount | $168,759 | $155,362 | $164,526 |
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
153 grants across all recorded years
Giving History
Grant recipients and amounts by year
No grants recorded for .
Leadership & Key People
Leadership team and compensation from IRS filings
The foundation is governed by the following individuals:
- Helen Lee — President
- Mark Chafee — Treasurer
- Arthur Lee — Secretary
- Alexandra Reynolds — Director
- Elizabeth Oettinger — Director
- Coastline — Agent
All board members serve on a volunteer basis with no compensation.
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| ALEXANDRA REYNOLDS | DIRECTOR | 2 | — |
| MARK CHAFEE | TREASURER | 2 | — |
| ARTHUR LEE | SECRETARY | 2 | — |
| ELIZABETH OETTINGER | DIRECTOR | 2 | — |
| COASTLINE | AGENT | 2 | — |
| HELEN LEE | PRESIDENT | 2 | — |
Data last updated April 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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