BankNewport Charitable Foundation Inc
NEWPORT, RI EIN: 88-2461260
Financial Overview
From 2024 IRS Form 990-PF
Total Assets
$12.5M
+1.4% YoY
Annual Giving
$584K
+1067.0% YoY
Grant Count
1
-85.7% YoY
Avg Grant Size
$584K
+8069.0% YoY
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Financial History
Multi-year comparison from IRS filings
Revenue
Expenses
Qualifying Distributions
Net Investment Income
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $12,454,686 | $12,278,893 | $12,000,132 |
| Revenue | $365,620 | $330,898 | $12,000,132 |
| Expenses | $602,595 | $52,137 | — |
| Qualifying Distributions | $593,762 | $51,637 | — |
| Net Investment Income | $348,046 | $330,898 | $132 |
| Distributable Amount | $604,985 | $590,398 | $49,222 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 1 recipients in 2024
Grant Size Distribution
8 grants across all recorded years
Giving History
Grant recipients and amounts by year
No grants recorded for .
Who else does BankNewport Charitable Foundation Inc fund?
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Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| JOHN F MURPHY | President/DIRECTOR | 1 | — |
| Gregory Derderian | Treasurer | 1 | — |
| Hollie Lussier | Secretary | 1 | — |
| Kathleen Charbonneau | Vice President | 1 | — |
| ROGER NOLAN | DIRECTOR | 1 | — |
| JAMES WRIGHT | DIRECTOR | 1 | — |
| TIMOTHY BURNS | DIRECTOR | 1 | — |
| PETER CAPODILUPO | DIRECTOR | 1 | — |
| MARYJO CARR | DIRECTOR | 1 | — |
| Thomas Iannotti | Director (as of 4/24/2024) | 1 | — |
| David G Bazarsky | Director | 1 | — |
| Colin P Kane | Director | 1 | — |
Geographic Focus
Where this funder has awarded grants
Grant Distribution by State
Rhode Island $634K (100%)
States
Cities
MiddletownNewportPortsmouthProvidence
Data last updated March 2026. Sourced from IRS Form 990-PF filings.
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