//
Work at this foundation?
Claim this profile to manage it and see interest from grant seekers.
Beacon Foundation is a private corporation based in WARWICK, RI. The foundation received its IRS ruling in 2022. It holds total assets of $4.3M. Annual income is reported at $3.5M. Total assets have grown from $2.5M in 2020 to $4.2M in 2023. The foundation is governed by 9 officers and trustees. Charitable giving and grant making to 501(c)(3) organizations. The foundation supported 89 organizations during the year. Tax records are available from 2020 to 2023. According to available records, Beacon Foundation has made 176 grants totaling $265K, with a median grant of $1K. Annual giving has grown from $111K in 2022 to $154K in 2023. Individual grants have ranged from N/A to $20K, with an average award of $2K. The foundation has supported 118 unique organizations. The foundation primarily supports organizations in Rhode Island, Massachusetts, Georgia, which account for 97% of all grants. Grantmaking reaches organizations across 5 states. Contributions to this foundation are tax-deductible.
Charitable giving and grant making to 501(c)(3) organizations. The foundation supported 89 organizations during the year.
Expenses: $129K
Charitable giving and grant making to 501(c)(3) organizations. The foundation supported 89 organizations during the year. Based on available records, the foundation has funded 176 grants. Its grantmaking reaches organizations primarily in RI, MA, GA.
Beacon Foundation has distributed a total of $265K across 176 grants. The median grant size is $1K, with an average of $2K. Individual grants have ranged from N/A to $20K.
The application deadline is NOT APPLICABLE, SUBMISSIONS ARE ROLLING.. The board, at its discretion, may refuse to make any grants or contributions or other financial assistance. The board has the discretion to withdraw its approval of any funding at any time. The board may determine when to require that funding recipients furnish a periodic and/or final accounting to show that the funds were expended for board-approved purposes. If insufficient information is provided, the board may request further information. All decisions are at the sole discretion of the board. Unless otherwise determined by the board, awarded grants must be spent within one year of the funding date or the funds must be returned. In the event that the original purpose for which the grant was provided cannot be accomplished because of unforeseen events or circumstances, grant funds will be returned to the foundation. Any requests to change the purpose of the grant must be submitted in writing to the board, and change requests must be submitted and approved prior to use of the funds.
Beacon Foundation is headquartered in WARWICK, RI. While based in RI, the foundation distributes grants to organizations across 5 states.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Raymond C Coia | DIRECTOR | $0 | $0 | N/A |
| Michelle Pelletier | DIRECTOR | $0 | $0 | N/A |
| Brian J Spero | PRESIDENT, CEO & DIRECTOR | $0 | $0 | N/A |
| Amy C Vitale | VICE PRESIDENT, SECRETARY & DIRECTOR | $0 | $0 | N/A |
| Gregg C Tumeinski | CFO & TREASURER | $0 | $0 | N/A |
| Pamela L Alarie | DIRECTOR (TO FEB '23) | $0 | $0 | N/A |
| Shannon Broadbent | DIRECTOR (FROM FEB '23) | $0 | $0 | N/A |
| Rajani Mahadevan | DIRECTOR | $0 | $0 | N/A |
| Richard Lento | DIRECTOR | $0 | $0 | N/A |
Total Giving
$177K
Total Assets
$4.2M
Fair Market Value
$4.2M
Net Worth
$4.2M
Grants Paid
$154K
Contributions
$750K
Net Investment Income
$69K
Distribution Amount
$170K
Total: $3.9M
Total Grants
176
Total Giving
$265K
Average Grant
$2K
Median Grant
$1K
Unique Recipients
118
Most Common Grant
$1K
of 2023 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Rhode Island Cpcu Scholarship FundGENERAL SUPPORT | Lincoln, RI | $5K | 2023 |
| Rhode Island Institute For Labor Studies And ResearchGENERAL SUPPORT | Cranston, RI | $20K | 2023 |
| Rhode Island Community Food Bank AssociationGENERAL SUPPORT | Providence, RI | $7K | 2023 |
| Crossroads Rhode IslandGENERAL SUPPORT | Providence, RI | $6K | 2023 |
| Meeting StreetGENERAL SUPPORT | Providence, RI | $4K | 2023 |
| Community College Of Rhode Island FoundationGENERAL SUPPORT | Lincoln, RI | $4K | 2023 |
| Greggs Giving Tree IncGENERAL SUPPORT | East Greenwich, RI | $4K | 2023 |
| Special Olympics Rhode IslandGENERAL SUPPORT | Smithfield, RI | $3K | 2023 |
| Hopehealth Hospice And Palliative Care RiGENERAL SUPPORT | Providence, RI | $3K | 2023 |
| Operation Stand Down Rhode IslandGENERAL SUPPORT | Johnston, RI | $3K | 2023 |
| We Share HopeGENERAL SUPPORT | Rumford, RI | $3K | 2023 |
| Sojourner House IncGENERAL SUPPORT | Providence, RI | $3K | 2023 |
| American Heart AssociationGENERAL SUPPORT | Providence, RI | $3K | 2023 |
| Dorcus International Institute Of RiGENERAL SUPPORT | Providence, RI | $3K | 2023 |
| Boys And Girls Clubs Of WarwickGENERAL SUPPORT | Warwick, RI | $3K | 2023 |
| Bryant UniversityGENERAL SUPPORT | Smithfield, RI | $3K | 2023 |
| Boys And Girls Club Of PawtucketGENERAL SUPPORT | Pawtucket, RI | $3K | 2023 |
| Mcauley MinistriesGENERAL SUPPORT | Providence, RI | $3K | 2023 |
| House Of Hope Community Development CorporationGENERAL SUPPORT | Warwick, RI | $3K | 2023 |
| United Way Of Rhode IslandGENERAL SUPPORT | Providence, RI | $3K | 2023 |
| Westerly Area Rest Meals IncGENERAL SUPPORT | Westerly, RI | $3K | 2023 |
| Thundermist Health CenterGENERAL SUPPORT | Woonsocket, RI | $3K | 2023 |
| Rhode Island Society For The Prevention Of Cruelty To AnimalsGENERAL SUPPORT | Warwick, RI | $2K | 2023 |
| Big Brother Big Sisters Of Rhode IslandGENERAL SUPPORT | Providence, RI | $2K | 2023 |
| Rhode Island Business Development Institute IncGENERAL SUPPORT | Providence, RI | $2K | 2023 |
| Save The Bay IncGENERAL SUPPORT | Providence, RI | $2K | 2023 |
| Farm Fresh Rhode IslandGENERAL SUPPORT | Providence, RI | $2K | 2023 |
| Dr Martin Luther King Jr Community CenterGENERAL SUPPORT | Newport, RI | $2K | 2023 |
| Angels Giving BackGENERAL SUPPORT | Smithfield, RI | $2K | 2023 |
| Tides Family Services IncGENERAL SUPPORT | West Warwick, RI | $2K | 2023 |
| Greater Providence Young Mens Christian AssocGENERAL SUPPORT | Providence, RI | $2K | 2023 |
| Ronald Mcdonald House Charities Of New England IncGENERAL SUPPORT | Providence, RI | $2K | 2023 |
| Girl Scouts Of Southeastern New EnglandGENERAL SUPPORT | Warwick, RI | $2K | 2023 |
| J Arthur Trudeau Memorial CenterGENERAL SUPPORT | Warwick, RI | $2K | 2023 |
| Amenity AidGENERAL SUPPORT | Warwick, RI | $2K | 2023 |
| Child And Family Services Of Newport County IncGENERAL SUPPORT | Middletown, RI | $2K | 2023 |
| FirstworksGENERAL SUPPORT | Providence, RI | $2K | 2023 |
| Newport County YmcaGENERAL SUPPORT | Middletown, RI | $2K | 2023 |
| The Miriam Hospital FoundationGENERAL SUPPORT | Providence, RI | $2K | 2023 |
| Looking Upwards IncGENERAL SUPPORT | Middletown, RI | $2K | 2023 |
| Butler Hospital FoundationGENERAL SUPPORT | Providence, RI | $2K | 2023 |
| A Wish Come True IncGENERAL SUPPORT | Warwick, RI | $1K | 2023 |
| American Cancer Society IncGENERAL SUPPORT | Kennesaw, GA | $1K | 2023 |
| Hope Alzheimers CenterGENERAL SUPPORT | Cranston, RI | $1K | 2023 |
| Make A Wish Foundation Of Ma And RiGENERAL SUPPORT | Boston, MA | $1K | 2023 |
| Als Association Rhode Island ChapterGENERAL SUPPORT | Warwick, RI | $1K | 2023 |
| Ocean Tides Christian Brothers Charitable TrustGENERAL SUPPORT | Narragansett, RI | $1K | 2023 |
| Saint Vincents Services IncGENERAL SUPPORT | Fall River, MA | $1K | 2023 |
| The Rhode Island Free Clinic IncGENERAL SUPPORT | Providence, RI | $1K | 2023 |
| Amego IncGENERAL SUPPORT | Attleboro, MA | $1K | 2023 |