Banknewport Charitable Foundation Inc
Accepts applications
Banknewport Charitable Foundation Inc is a private foundation in Newport, Rhode Island. In tax year 2025 it gave $614,000 in 106 grants; the typical grant was $5,000 and the largest $25,000. It accepts applications; its filing gives the instructions below.
From its IRS Form 990-PF for tax year 2025.
- Grants paid, 2025$614,000
- Number of grants106
- Typical grant$5,000
- Largest grant$25,000
- Assets$13.5 million
- New grantees100%
Giving in 2025 was up from $583,500 the year before.
100% of its 2025 grantees had not received a grant from it the year before, a sign it is open to new organizations.
Giving by year
| Tax year | Grants paid | Number of grants | Assets |
|---|---|---|---|
| 2023 | $50,000 | 7 | $12.3 million |
| 2024 | $583,500 | 1 | $12.5 million |
| 2025 | $614,000 | 106 | $13.5 million |
How to apply
| Contact | Kathy Charbonneau 184 John Clarke Road, Middletown, RI 02840 |
|---|---|
| Phone or email | (877) 829-5500, kathleen.charbonneau@banknewport.com |
| What to submit | See application |
| Deadlines | See application for deadlines |
| Restrictions | 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. |
What Banknewport Charitable Foundation Inc funds
Where it gives
Its grants went to recipients in 2 states, the most to Rhode Island.
| State | Grants | Amount |
|---|---|---|
| Rhode Island | 105 | $609,000 |
| Massachusetts | 1 | $5,000 |
Grants paid in 2025
| Recipient | Purpose | Amount |
|---|---|---|
| Rhode Island Community Food Bank | Exempt purpose | $25,000 |
| Hasbro Children's Hospital | Exempt purpose | $20,000 |
| Local Initiatives Support Corporation (Lisc) | Exempt purpose | $20,000 |
| Potter League for Animals | Exempt purpose | $20,000 |
| Child & Family Services | Exempt purpose | $15,000 |
| Hope & Main | Exempt purpose | $15,000 |
| Pawtucket Central Falls Development | Exempt purpose | $15,000 |
| Project Goal Inc | Exempt purpose | $15,000 |
| Salve Regina University | Exempt purpose | $15,000 |
| Star Kids Scholarship Program | Exempt purpose | $15,000 |
| Bike Newport | Exempt purpose | $12,000 |
| Federal Hill House Association | Exempt purpose | $11,000 |
| Boys Town New England | Exempt purpose | $10,000 |
| Capital Good Fund (The) | Exempt purpose | $10,000 |
| Central Falls Foundation | Exempt purpose | $10,000 |
| Dr Martin Luther King Jr Community Center | Exempt purpose | $10,000 |
| Iyrs School of Technology & Trades | Exempt purpose | $10,000 |
| John Clarke Nursing and Retirement Center | Exempt purpose | $10,000 |
| Meals on Wheels of Rhode Island Inc | Exempt purpose | $10,000 |
| Northern Rhode Island Food Pantry | Exempt purpose | $10,000 |
| One Neighborhood Builders | Exempt purpose | $10,000 |
| Providence Public Library (PPL) | Exempt purpose | $10,000 |
| Sail Newport | Exempt purpose | $10,000 |
| Social Enterprise Greenhouse | Exempt purpose | $10,000 |
| Crossroads Rhode Island | Exempt purpose | $8,000 |
| James L Maher Center | Exempt purpose | $8,000 |
| Ms Dream Center of Rhode Island | Exempt purpose | $8,000 |
| Newport Community School | Exempt purpose | $8,000 |
| Learning Community (The) | Exempt purpose | $7,500 |
| Fab Newport | Exempt purpose | $7,000 |
| Davinci Center for Community Progress | Exempt purpose | $6,000 |
| East Bay Food Pantry | Exempt purpose | $6,000 |
| McAuley Ministries | Exempt purpose | $6,000 |
| Salvation Army - Providence Corps | Exempt purpose | $6,000 |
| Save the Bay | Exempt purpose | $6,000 |
| Seven Hills Rhode Island | Exempt purpose | $6,000 |
| Stadium Theatre Performing Arts Centre & Conservatory | Exempt purpose | $6,000 |
| Amenity Aid | Exempt purpose | $5,000 |
| Ballet Ri (Formerly Festival Ballet Providence) | Exempt purpose | $5,000 |
| Blithewold Mansions Gardens and Arbor | Exempt purpose | $5,000 |
Officers and trustees
- John F Murphy
- Gregory Derderian
- Hollie Lussier
- Roger Nolan
- James Wright
- David Bazarsky
- Timothy Burns
- Peter Capodilupo
- Maryjo Carr
- Thomas Iannotti
- Colin P Kane
Questions people ask
Does Banknewport Charitable Foundation Inc accept grant applications?
Yes. Its latest IRS filing says it accepts applications, with this on deadlines: See application for deadlines.
How much does Banknewport Charitable Foundation Inc give?
$614,000 in tax year 2025, across 106 grants, with a typical grant of $5,000.
Who runs Banknewport Charitable Foundation Inc?
Its 2025 filing lists John F Murphy (President/Director), Gregory Derderian (Treasurer), Hollie Lussier (Secretary) and Roger Nolan (Director (Ended 03/26/25)) among 11 officers and trustees.
What does Banknewport Charitable Foundation Inc fund?
Based on its grants, mainly education, youth programs and food and hunger.