Open Foundations · Rhode Island

Banknewport Charitable Foundation

Middletown, Rhode Island · EIN 882461260. It paid $614K across 106 grants in 2025, a median of $5K each. Its Form 990-PF says it accepts unsolicited grant requests.

All Rhode Island foundations · All states

$614K
paid in 2025
106
grants paid
$5K
median grant
89%
to first-time recipients
$13.5M
assets on file

How to apply, as filed

These application terms come from Part XV of the foundation's Form 990-PF.

Send requests to
KATHY CHARBONNEAU
Address
184 JOHN CLARKE ROAD, MIDDLETOWN, RI, 02840
Phone
8778295500
Email
KATHLEEN.CHARBONNEAU@BANKNEWPORT.COM
Form the request should take
SEE APPLICATION
Submission deadline
SEE APPLICATION FOR DEADLINES
Restrictions on awards
GRANTS ARE MADE TO SUPPORT SPECIFIC PROGRAMS OR CAPITAL FUND REQUESTS FOR 501(C)(3) NONPROFIT ORGANIZATIONS THAT QUALIFY UNDER THE IRS TO RECEIVE TAX DEDUCTIBLE CHARITABLE DONATIONS, INCLUDING ESSENTIAL HEALTH AND HUMAN SERVICES AND COMMUNITY DEVELOPMENT PROGRAMS. REQUESTS FOR ANNUAL OPERATING SUPPORT, INCLUDING SALARIES AND STIPENDS, WILL NOT ORDINARILY MEET FUNDING CRITERIA. IT IS INTENDED THAT GRANT PROPOSALS ARE CONSIDERED BY THE BANKNEWPORT CHARITABLE FOUNDATION INC ON A QUARTERLY BASIS. THE BOARD WILL REVIEW NO MORE THAN ONE GRANT APPLICATION SUBMISSION FROM AN ORGANIZATION IN A TWELVE MONTH PERIOD. ORGANIZATIONS AWARDED A GRANT WILL BE REQUIRED TO SUBMIT A FINAL GRANT REPORT. THE SUBMISSION OF A GRANT REQUEST DOES NOT GUARANTEE IT WILL BE FUNDED. THE BOARD SHALL DETERMINE WHICH 501(C)(3) NONPROFIT ORGANIZATIONS SHALL RECEIVE A GRANT BASED ON NEED AND ALIGNMENT WITH THE BANKNEWPORT CHARITABLE FOUNDATION INC'S PURPOSE.

From the Form 990-PF for tax year 2025, IRS filing object id 202631359349100128. Entries appear as filed.

What it funds, in its own words

The filing states only a general purpose, with nothing specific enough to pull out as recurring language.

Biggest grants in 2025

These are the 15 largest of the 106 grants paid in 2025, with the purpose the foundation wrote for each.

#RecipientStateAmountPurpose as filed
1Rhode Island Community Food BankRI$25,000EXEMPT PURPOSE
2Hasbro Children's HospitalRI$20,000EXEMPT PURPOSE
3Local Initiatives Support Corporation (lisc)RI$20,000EXEMPT PURPOSE
4Potter League for AnimalsRI$20,000EXEMPT PURPOSE
5Child & Family ServicesRI$15,000EXEMPT PURPOSE
6Hope & MainRI$15,000EXEMPT PURPOSE
7Pawtucket Central Falls DevelopmentRI$15,000EXEMPT PURPOSE
8Project Goal IncRI$15,000EXEMPT PURPOSE
9Salve Regina UniversityRI$15,000EXEMPT PURPOSE
10Star Kids Scholarship ProgramRI$15,000EXEMPT PURPOSE
11Bike NewportRI$12,000EXEMPT PURPOSE
12Federal Hill House AssociationRI$11,000EXEMPT PURPOSE
13Boys Town New EnglandRI$10,000EXEMPT PURPOSE
14Capital Good Fund (the)RI$10,000EXEMPT PURPOSE
15Central Falls FoundationRI$10,000EXEMPT PURPOSE

Giving by year, and who received it

Grants paid by year

Every year of this foundation's grants that Civly holds
Tax yearGrantsPaid
20237$50K
20241$584K
2025 (partial year)106$614K

Where the money went

Share of 2025 grant dollars by recipient state
Rhode Island99%
Massachusetts1%

Who decides

Officers, directors and trustees are listed as filed, with the year of the return they appeared on.

Colin P KaneDIRECTOR · 2025
David BazarskyDIRECTOR · 2025
Gregory DerderianTREASURER · 2025
Hollie LussierSECRETARY · 2025
James WrightCHAIRPERSON · 2025
John F MurphyPRESIDENT/DIRECTOR · 2025
Maryjo CarrDIRECTOR · 2025
Peter CapodilupoDIRECTOR · 2025
Roger NolanDIRECTOR (ENDED 03/26/25) · 2025
Thomas IannottiDIRECTOR · 2025
Timothy BurnsDIRECTOR · 2025

Each figure comes from the foundation's latest filed year, 2022 or later. This foundation is listed because its Form 990-PF says giving is not restricted to preselected organizations and it paid at least 5 grants totaling $100K or more that year. Grants and application terms come from each foundation's latest IRS 990-PF e-file return. The newest tax year is partial until the IRS finishes releasing it. Grants are de-duplicated on funder, year, recipient and amount, so identical repeat grants count once and totals can run low. Full method.

Source: IRS Form 990-PF e-file releases (public domain). Analysis: Civly.

More foundations in Rhode Island

These other funders in Rhode Island say on their returns that they accept unsolicited requests. Each page has the deadline and terms as filed. See all 37.

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