Private Foundation

BankNewport Charitable Foundation Inc

BankNewport Charitable Foundation Inc, of Newport, RI, is a Private Foundation tracked in Imperigo's IRS 990 database. The 2024 filing shows $366K in revenue, $603K in expenses, $12.5M in total assets. IRS filings disclose 8 grants awarded by this foundation, totaling roughly $634K.

EIN: 882461260 Newport, RI Latest filing: 2024

Total Revenue$366K

Total Expenses$603K

Total Assets$12.5M

Grants Given8

Grant Total$634K

Filing Years2022–2024

Sample Grants Given

Grants & Contributions Paid

newport, RI · 2024

Exempt Purpose

$583,500

RHODE ISLAND COMMUNITY FOOD BANK

PROVIDENCE, RI · 2023

EXEMPT PURPOSE

$25,000

BOYS TOWN NEW ENGLAND

PORTSMOUTH, RI · 2023

EXEMPT PURPOSE

$5,000

DAVINCI CENTER FOR COMMUNITY PROGRESS

PROVIDENCE, RI · 2023

EXEMPT PURPOSE

$4,000

FAMILY SERVICE OF RHODE ISLAND

PROVIDENCE, RI · 2023

EXEMPT PURPOSE

$4,000

Showing up to 5 of 8 total records — full history available with membership.

Officers & Directors

Director Colin P Kane

Director David G Bazarsky

Treasurer Gregory Derderian

Secretary Hollie Lussier

DIRECTOR James Wright

President/DIRECTOR John F Murphy

Officer compensation and complete director data available with membership.

Top Grant Purposes

Exempt Purpose

$583,500 1 grant

EXEMPT PURPOSE

$50,000 7 grants

Financial Trends

Year	Revenue	Expenses	Assets
2024	$366K	$603K	$12.5M
2023	$331K	$52K	$12.3M
2022	$12.0M	—	$12.0M

Between 2022 and 2024, reported annual revenue declined from $12.0M to $366K (-97%), with total assets most recently reported at $12.5M.

Interactive year-over-year charts and full filing details available with membership.

Grant Geography

Grants from this foundation were reported to recipients in RI.

Full geographic grant map with state-by-state breakdown available with membership.

See the full picture for BankNewport Charitable Foundation Inc

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Full Financial History Complete Grant Activity Officer Compensation Year-over-Year Charts Geographic Grant Map Data Exports